The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-10-19
CLOSE I0 SIAGNAION
Stock Market Drifts Slug
gishIy and AimlessIy.
ALL OVER THE WORLD
Same Security Market Con-
dition Is Reported.

New York, Oct. B-Price Of stocks
drifted sluggtshly and to all appearances
aimlessly all through today's session The
almost stagnsnt condition OF The market
was scarcely relieved by & single feature
Even the trust" stocks FELL into neg
lect after long period OF cratic 1uctu-
atoms Tobacco was raided down az the
opening on explicit announcement that
the much talked OF plug tobacco combina-
ton had fallen through There was in
jected INTO The dullest portion Of the days
trading two successive transactions Of
1850 shares and 8 100 shares respective
ly. OF Tobacco preferred at lis. sellers"
This represented = transaction OF over
NOOo.0O. and was supposed 10 show the
disposal OF the company's treasury
stock. application for the Listing or which
was made yesterday The common stock
was rather feverish for time after this
sale. but settled down into steadiness
and neglect. There was an upturn IN
Sugar also during the day. which was
explained by the news that certain grades
OF soft sugars had been advanced in price
Realizing subsequently wiped out practi-
cally all the advance. The railroad list
held generally firm Throughout the early
part Of the day. but subsequently eased
OF in sympathy with Sugar and the
Northern Pacihcs The daily attack on
the coalers lacked vim and the decline on
ly reached a point in New Jersey Central.
The traffic statement OF St. Paul for the
second week in October showing an in
crease over last years earnings OF nearly
$50 900. is undoubtedly a pretty fair indi-
cation Of what IS going on in IN grain
carrying roads. All reports agree that i;
is difficult 10 secure enough cars 10 meet
the demand for the freight going west
bound. The speculative element apparent
ly viewed these developments with ap-
othy. The same apathy existed today in
all the security markets OF the world.
the pause in London being attributed 70
waiting for more settled political condi-
exchange here isXmf rotions and the com
pletion OF liquidation in Berlin. The pro-
cess Of accommodating exchange hare is
going on from day 10 day and the banks
continue TO gain cash from the sub-treas-
ury. The final allotment OF government
threes from Washington makes II pro5a-
bic that government deposits in national
banks will soon approach the 500, 10000
mark, after which the deficit in the rev.
enues IS expected to steadily diminish
their account.
Bonds were dull but firmly held today.
Total sales were s., 345 600. United States
old fours registered advanced y. and the
coupon Il in the bid price.
New York. let. 1s.-The Evening Posts
London financial cablegram says: The
stock markets here were very idle, but
steady in tone today. Americans were
irregular. but without noteworthy change
irregular, but without noteworthy
change
New York. Oct. 18-Money on call
steady at 2Q21z per cent. Last loan, 2js
per cent. Prime mercantile paper. 3lzG
per cent Sterling exchange with actual
business In bankers bills at A.S4l4G
4 s412 for demand, and at "a s11-94 .S1s4
for 60 days. Posted rates. 81. S2d4s2izQ
ass Commercial bills, 81. S0l5. Silver GER
tificates. e04 G51. Bar silver, 50. Mexi-
can dollars 4SZ