The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-10-05
SHARP F|NAL GAINS
Induced by General Heavy
Buying Orders.
TOBACCO WILD AS USUAL
Sugar Loses Three Points Un-
der a Drive.

New York, Oct 4-Considerable irreg-
Ularlty marked today's operations in the
stock market but the net result was IN
favor of the bulls. final prices shown
sharp gains in many cases. Elements OF
strength included the St Paul statement
for the fourth week of Septenbr. gold en-
gagements presag1ng further ease in the
monetary situation, and more general com
mission house buying. St Paul was tax
en- IN hand AZ the outset and lifted sharp
~. but Improvement in the general list
was arrested by irregula-ity in the spec
ialtieS. The market, generally speaking,
did net take on decisive tone until the
late session, when heavy buying orders
were executed all around, which advanced
prices materially. Evidence that leading
interests were supporting their favortes
created uneasineSs among the shorts and
large lines were taken In. THIS likewise
Influenced outside demand which had been
eliminated from the market during the
generalization OF the specialties The
bears attempted to make capital out Of
the closing out Of the trading, but It was
not an Elective card, as after a period Of
Guinness following the announcement
prices worked up slowly until the move
ment assumed large proportions IN the
late afternoon The futile efforts to bring
about substantial reaction in the raise
combined with the ready absorption Of
all offerings, infused a more hopeful feel
ing. which became intensified as addition
al encouraging traffic statements came 10
hand. Some lines reported falling off IN
income, but this showing, 1t was felt
would soon be counterbalanced by the
elimination of certain unfavorable infiu-
ences current at the present time. To-
bacoo pursued it's usual wild course. and
no variations occurred in other members
Of the industrial group. Brooklyn transit
made a conspicuous show Of strength, the
stock being taken on expected benefits to
accrue from the absorption of the Nassau
road and effective economies in operating
expenses A concerted drive against Su-
gar lata, IN the day depressed the stock
over points and halted the general mar
ket when the rise was in full swing. Real
izations occurred all around but a better
tone prevailed at the close, the market
ending steady. Total sales of stocks were
424, 466 shares.
BONDS
The bond market today 4 weloped con-
siderable activity and hes.y purchases
were made in the current active issues.
The general tone was strong and a brisk
inquiry prevailed for some mortgages
which usually do not figure to any ex-
tent in the trading, notably St Louis and
San Francisco liens. Total sales were 81
$50. OOO
Considerable activity developed in the
made of Il per cent. to 105A. Bid quota
tons of all other issues were unchanged
FOREIGN STOCK MARKET.
New York. Oct. 1.-The Evening Posts
London Financial cablegram:
The stock markets here continued stag
nant today. but the tone was fairly good
Grand Trunk was good on traffic reports
More attention was given to Americans,
in the belief that New York liquidation
Of the unwieldy industrials is virtually
complete and that Wall street is conse-
quenty healthier. The continent again
bought Americans, chiefly Germany. Op-
orators here also lent some support. The
advance was led by ST. Paul on the bull
talk Of President Miller. It was also
reported tina leading Wall street operators
were buying ST. Paul here. where the po-
sttion can more easily me caEied. New
York again sold this evening. but the re-
action was not material. Today's advance
OF u per cent in the discount market here
IA due 20 anticipation Of a possible rise
in the German bank rate. American bills
are coming forward more freely"