The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1901-10-16
STOCKS AND BONDS.


New York. Oct. 15.-The movement Of
prices IN today's stock market lacked
clearness and cohency at all tines. Open
/ ing weakness gave way TO a period Of
strength which vas met By proat taking
md the resulting reaction was vigorously
contested by aggressive manipulation OF
4 Pennsylvania Tho whole market finally
gave way 10 weakness and closed at z
level lower than yesterdays net losses,
reaching q point or over in some OF the
leading prominent stocks. The only az
gressive force for a rise in the market
was what might be called the formal
invitation issued by the arch r1anipUla-
tors in the street 70 the public 10 follow
MS leadership IN a speculation for the
rise, with suggestive glance towards
Southern Pacific - an available market
leader This Invitation made irs appear
. ance in circular form yesterday with Al
appropriate demonstration in the market
10 herald IL. As the author has been
: associated IN the wan Street mind with
the organized support Of the United
4 states steel stocks those stocks shared
F N yesterdays demonstration, but the Sc
+ QIeDce today was less convincing. South
lurry, and s.. Paul made q preliminary
advance CT IA. Other stocks 10 respond
were few. and tie obvious fact that
heavy realizing was going On in the Pa
cidc group Of stocks and St Paul served
srIL further 70 disincline the public 70
/ accept the invitation 10 speculate.
a movement in Pennsylvania which de-
veioped later and which carried the stock
UP points was nominaIly based upon
the heavy traffic movement over the
company's lines, but the remembrance OF
Old associations OF the author Of the in
VitatiCn rgSerred 70 with market move
ments o6'this stock aroused q suspicion
Of q possible connection on his part with
the movement. The buying was congest-
ed. but so also was the selling. one bro
kerage house being credited with sales
q 1890 shares. The last price Of the
stock showed only q fractional remnant
Of the extreme advance. Last weeks en-
thusiasm over the alleged plan Of a pro-
Erietary company TO hold control Of
Great Northern preferred. Northern Pa
cine and Burlington and to release large
amounts Of Lied-up capital' has entirely
evaporated. IS the release Of this capital
is seen TO be contingent upon The invest
ing public taking the minority portion %
the stock Of the projected new company
of the hands OF tie projectors.
The renewed heavy demand for cur
renCy from the cotton centers was q
disturbing factor in the late trading.
There were transfers through the sub
treasury of $4,000 20 New Orleans and OF
zoo to St Louis. On the other hand,
q rise in exchange at Chicago TO 10 cents
premium marked the cessation Of the de-
maud from that quarter. There were no
payments for bonds by the sUb-treasury
today, the beIated settlement of that ac-
count having apparently been completed, |
drawn 1880 600 from the market since
Friday. The downward tendency in ster- |
ling exchange was checked and London |
was q seller Of stocks n this market /
There was a somewhat feverish speCula- |
tiol in Analsanated Copper which lifted I
the stock over a point, then drove it 1
down g points and left 1t with q net loss I
Railroad bonds were quite active and /
firm. Total sales par value $4,000. /
Z -nited States bonds were all unchanged /
on last call.
Closing prices Of stocks were as follows; /
Atch.soa 10000 rs do pfd -,-.--.-.--1>7
do ufd -..----- 81 south Pac .--. -
Balt0 & OEio.-112 South. Ply ..--. 80
cam Pacific ..1l9-t Texas & Pac.... 39ts
Can. south ..--- 81 T0I. St. /. z W. u
Lasl. 81 Ohio. 4e 90 DfC -....----. 90 I
-li- s. Atom ai-. Union racine. - =
30 pfd ..----.- ll-. do pfd .-..---.-- ol-t
-hi ]. 81 L. pfd y Wabash ...-..... rs
Chi d T. Ul..1-) 90 pfd .--------- So 3
-ai sc O. w.. Zs Wheel. & L. z. IS
DO A rfd -..--. s. do u pfd =
do B uId .---.. an Wis. Central III
-h. & Eorchw .196 do pfd ------..-- Al
Chi. r. J. & PIH7 Adams Ex .-....IS0
Chi. Tenn. & T. 2l5s Amer TX .---.--lSS
do ufd ....-.-- 3,i C. : TX .-..--.. s.
sec s. ST. L. 81. els Fargo --.l50
Colo South co.. lll- anal Copper ---
90 lsr ptd 800 q An Car q F--- -
~ srI do nd ----.----. e.-4 /