The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-09-09
STOCKS AND BONDS
STOCKS IRREGULAR BUT LESS
UNDER MANIPULATION.

i
tics Being Less OBSERVATION-DISCLOSURES OF
Americans in London an Early Depress-
ing DECENTRALIZATION Securities At
| tract Attention on Dividend News-Net
Changes of Leading shares Narrow.
| New York, Sept s.-Today's stock
market was very irregular, but it was
much less under manipulation that Tor
over a week, as the general tone was one
| of strength There was realizing on a
large scale all day. but the offerings Tor
this purpose were more naturally absorb
ed. There was no one took lifted by
| sensational jumps 10 stimulate buying
! OF those realizing offerings, a condition
| in marked contrast 10 the invaria ole rule
! for many days past Northern Pacific
preferred, which was the stock under
manipulation for a rise yesterday, was
rat her drag on the market all day to-
day and lost point of its gain, the COM
mon stock showing fractional advance.
The course Of the marSst was downward
at the opening, the lncernationals and
grangers leading, in sympathy with the
declines in Americans in the London ex-
change. Strength developed IN number
OF stocks, which stemmed the decline
and carried prices TO the best Of the day.
Profit-taking at the close caused the loss
OF part of the gain, so that net changes
in many Of the leading shares were of
very narrow proportions. The decision
Of the Atchison directors TO pay per
cent on the adjustment bonds out of the
earnings for the year ending June 80, di-
rected attention TO the securities of the
company, and all of the stocks and bonds
were very active and very strong all day.
The preferred stock, which has been held
down by realizing sales for some time
past, opened off 3-S per cent, but rose al
one time 2 IA per cent from the lowest.
Proft-taking at the close reduced its net
gain TO 1-2 per cent There were $4,000
shares Of the preferred stock sold during
the day. New York Central lost point
in the early dealings, but more than re-
covered it on the publica ton of the state
ment OF the August earnings. showing an
increase of s456,219. The grangers moved
narrowly all day and showed large fall
ing off in activity, except ST. Paul, which
came next to Atchison preferred, with
sales of 5000 shares. The stock declin-
ed fractionally at the opening. but rose
strongly 3-S per cent, and fell off a
fraction at the close on profit-taking.
Sugar was subject TO rush to realize
when 1t became known that the directors
had declared only the regular quarterly
dividends OF per cent on the common
and ga per cent on the preferred stock.
Il had been rumored that an extra divi-
dend would be declared. After rising 10
156 "a per cent after the opening, the
price fell to 153 per cent, and fiuctuated
in a very erratic manner, but closed at
a recovery of over points The prefer
red stock also fell over points. Notable
gains were made by the Lead stocks, the
common gaining nearly points and the
preferred 3 points. Illinois Central gain
ed 2 IA per cent on reports of large in
crease in the earnings. Louisville, South
ern preferred, and Mobile and Ohio re-
covered point or over of their early de-
preston, due TO the yellow fever scare.
There was some movement in stocks of
soft coal railroads on prospects of a set-
Element of the miners strike. Wheeling
and Lake Erie preferred gained 3-4 per
cent; Consolidated Gas jumped points
over yesterdays high record. Other no
table gains were Canadian Pacific, 1-2;
Chicago and Eastern Illinois, 10, and
Cleveland, Cincinnati, Chicago and ST.
Louis preferred, 8 1-2 per cent. Cotton
Oil lost point; Iowa Central preferred.
l 1-2, and oregon Navigation preferred,
a point.
The total sales of stocks today were
1852 shares.
BONDS.
Dealings in bonds were OF large pro-
portions and at hifher prices Total
sales 81 500, 900. The Atchison, the North
ern Pacific and the Union Pacific. Den
yer and Gulf issues absorbed the bulk of
the dealings.
United States bonds were higher, the
old four coupons rising IA per cent. New
fours regular and coupons 126: fives reg
ular and coupons ia; fours regular III
S-4. coupons 11S IA: twos regular IS; Pa
cific skies of '9S 102.
DIVIDENDS DECLARED.
New York, Sept. S.-The directors OF
the Western Union Telegraph company |
today declared regular quarterly div |
idend OF Ia per cent payable October |
10.
The directors OF the American Sugar |
Refining company have declared a regu- !
lar quarterly dividend OF per cent on !
the common and l IA per cent on the |
preferred stock
The directors of the Commercial Cable |
today declared a quarterly div |
ideni Of 3-4 per cent. payable October |
l.
FOREIGN STOCK MARKETS
London, Sept, S.-The market for |
American securities was weak at the |
beginning. but steadied at the close. |
Buying was chiefly by arbitrage houses. |
The tone was steady and the demand |
moderate.
New York. Sept. S.-The Evening |
Posts London financial cabiegram says: I
Americans were very dull at the OPP |
ening of the stock market today, but /
later recovered under the New York /
lead. After the experience OF Monday,
the dealers were no; a; al anxious 20
stroke out an independent course, and |
vii! look 10 Wall street more than ever
for guidance in fixing quotations. Houe-
full views are entertained. bu; there IS
no inclination 70 support opinions.
The other markets were quiet and /
without special feature.
Views in regard 20 the Bank OF Eng
land rate continue 10 undergo modihca-
ton and discount rates in the market
are steadily falling. Unless there should
De a large expor; OF gold between now
and THURSDAY. an advance in ne bank