The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-09-06
FEW STOCKS B|DOVANI
And Others Extremely Marrow
and Apathetic.
BULK OF THE TRADING
In the Volatile Speclalties--
tennessee CoaPS Rise.

New York, Sept. k-The buoyancy Of
a handful Of individual stocks gave an
appearance OF considerable strength and
activity to the stock market. but outside
of these few stocks. the market was mar
low and apathetic to the last degree.
Shortly after the opening Northwestern
was marked up sharply and the usual re-
Spouse was made In other numbers Of the
Vanderbilt group. Union Pacific also fol-
lowing the lead As was the case last
week. the heavy offerings OF Union Pa
ciflc brought out on the advance checked
the enthusiasm OF the buying. and oper-
ations in that particular group were for
the most part discontinued Northwest
ern's extreme rise was SIS. the preferred
5 points above the previous sale. Omaha
2. New York Central and Union Pacific
over q point. New York, Chicago and st.
Louis stocks advanced from 1-2 to 4
points on q rumor that judicial aid was
to be sought 20 enforce asserted rights
to dividends. The coalers were in good
demand, Lackawanne leading with a rise
of 3l-2 Gains in tanis group were not
maintained entirely. Other railroad stocks
which rose a poit or over were 81. Paul
preferred, Colorado Midland preferred,
Wheeling and Lake Erie second. Hooking
Valley and Chicago Great Western pre-
ferred A and 3 stocks. Transactions else
where in the railroad list were quite In
significant. There was a slight response
in the early dealings to the depression in
the London market The bulk Of the
trading ~as in the more volatile special
tiles. Tennessee Coal was the most con-
splcuous figure in the days market. After
dropping q fraction 1t was aggressively
lifted by successive stages nine full points
and closed st les, the top price. Colorado
Fuel apFsTently sympathized with its
movement and rose an extreme 5 3-s.
There was good demand for Republic
Steel ait an advance Of 2 1-2. and Federal
Steel rose point. Other wise the iron
and steel stools showed but a slight re-
Spouse. TIE Sew York municipal stocks,
including both gas and traction stIcks.
were qu':e buoy ant and show gains OF
from to points. the latter Metropol-
ftan Street railway, American Tobacco
rose an extreme points and Sugar 5-s.
Chicago Terminal transfer preferred
gained 2. Rates for call loans were firm
alt per cent or over. and the first depos-
its Of money at the sub-treasury for
shipment to the south amounting to $780, |
900 were made this morning. The decline |
in the item OF due TO other banks in |
the statement Of New York national banks |
is cited to explain in part the recent drain |
on the deposits Of New York banks. A
coincldenk increase IN the same item Of
the Philadelphia national banks indicates
that outside banks have transferred their !
deposits on a large scale from New York
banks to other cities. The explanation Is |
the rule Of New York clearing house |
banks lately enforced 10 charge for COL /
lection OF checks from outside points. The |
last week Of the with
drawal OF a prominent trust company |
from the clearing house privileges, With /
its decision to discontinue the practice
of charging for the collection Of outside |
checks has brought the subject proni-
nerItly into notice. One effect evidently
will be to SHIFT part Of the demand for
money TO move from New York to other
cities, which have increased their deposit
account by the deposits of eastern and
southern banks. Closing stock prices were
as follows: