The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1901-10-29
STOCKS AND BONDS.

New York, Oct 2s.-There was no very
aggressive bull spirit manifest from the
outset IN todsy's stock market, although
there was some support for special stocks
from tine 70 time. About midday an
attempt was made 20 bid up a group OF
specialties. but the demand for stocks
vas at a minimum and prices kept sag
ging % a lower level The pressure was
not severe throughout the greater part
o. the day. but gained force and in the
last hour OF the session became acute
The bears added their selling 70 che real
iztug and uncovered stop-loss orders.
The realizing was by recent speculative
buyers. evidently. as was shown BY the
conspicuous weakness Of those stocks
which have been under recent manipula-
ton for the advance. The weakness be-
came quite general al the last and the
majority OF the active stocks fell a point
or more below Saturday The fan IL
Northwest was 81; Delaware and Hud-
son. Z; s.. Paul. g. Amalgamated Copper.
35s General Electric ard Colorado Fuel.
. Sugar pa New York Central "a.
Union Pacific, "a; Missouri Pacific.
Northern Pacific preferred. Burlington
and Ohio, Tennessee Coal. and Ohio pre-
ferred, 2
The taking Of bear profits by the room
traders caused only feeble rallies. and the
closing was weak al about the lowest
Undoubtedly the hardening tendency OF
the money market and the prospect Of
gold shipments 10 Paris this week
prompted the Speculative liquidation
The clouds Of uncertainty which have
gathered again over the Northern Pa
cine settlement seemed TO gather gloom
in the speculative mind after NJ Morgan
had arrived at his office and no instan-
taleous statement OF z settlement was
given out The renewed weakness OF
AmalCamated Copper was also an unset
ting influence The selling Of This stock
and of Sugar was very heavy for Boston
account call loans rose today 70 4 per
cent. and the assurance which vas pro-
fessed on Saturday over the incre ease in
the cash reserves Of the banks was dissi-
pated and yielded To anxiety on account
o. the large loan expansion Foreign ex-
change continued firm today, but no gold
was engaged 10 export 10 Germany by To-
morrow steamers. IN fact. the discount
rate AZ Berlin eased OF fraction today
and sterling exchange hardened, indicat-
ing a relaxation Of the pressure al that
point There VS. no rally. however, il
sterling exchange at Paris, and il IS
generally expected that gold VIII 20 from
New York 70 the pOllt on THURSDAY in
considerable volume. Call money STIFF
feled sharply in London, aud open mar
ker discount r2LeS rose Wei ABOVE the
bank rate. indicating an early advance
BY the bank. N the domestic money
market . renewed activity Of money at
western points vas reported. and New
York exchange a. Chicago dropped back
10 D cents discount. while shipments 10
New Orleans from here continue The op-
tirnists urge mat any considerable rise II
money rates here would divert funds 70
this center But the analogy OF the fail
- r - f~a
is fresh fl the mind when the cal loan
rate on the stock exchange advanced 10
1s5 Per cent without preventing the cur
rsnc export movement OF gold The daily
surplus q the government revenue IS
also rapidly auguenlng IN the latter part
OF the month making Al additional drain
on Tire money market The railroad bond
market was Influenced somewhat by the
weakness II stocks. bur changes were rot
important To-al safes. par value.
& 100000. United States bonds were al
unchanged on the last caT-