The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1901-09-27
STOCKS ARE IMPROVED
Market Shows0ecided Change
Over Yesterday.
ALL LOSSES RECOVERED
Support Is Forth Coming on
Every Decline.

New YORK sept -e--1ES tone OF To-
days stock market showed growing I'm
provement over that OF yesterday. There
was considerable evidence Of realizing
stin which persisted after the opening
dip and showed tendency TO recur from
time to tine. but support was forth
coming on every decline. and before the
day ended the bears were generally dis
posed TO cover their short lines. causing
practically a complete recovery OF AL
losses. Not a few stocks showed decided
net gains. including AmalgamateS Cop
per, Anaconda, the Vand-rhllts, Pennsyl-
vania. Burlington and Ohio. st. Paul.
Chicago Great Western. Manhattan snd
Peoples Gas. The opening losses were
due 10 the demoralizing effect upon Cop
per mining shares in the foreign market
OF tho break IN Amalgamated. Rio Tin
tos were OF over points in Paris when
the stock market opened here and the
CoppO- market IN London had made a
further slump. London poured out stocks
freely upon the New York market IN
liquidation making the opening active and
that support was 20 be accorded TO
Amalgamated Copper ana Anaconda
Only 100 shares Of the former and &C
shares OF the latter sold at L below last
nights closing. All subsequent transac-
tons were above last nights level. Both
stocks fuctuated frequently during the
day, but the large short interest showed
itself nervous over the rally after 50 ex-
tensive q decline. ard with ai the bad
news, so far as known. already publish
ed The active demand from the shorts
caused Amalgamated Copper 10 recover
more than yesterdays loss, and the stock
closed only = below the best. Anaconda
is SIk higher for the day. The relief 70
sentiment afforded by the recovery In
Amalgamated overshadowed al other
considerations. The severe liquidation IN
some Of the railroad stocks that was a
feature yesterday was not in evidence,
and the fears felt Of unfavorable devel-
opments in the companies not yet known
TO the public were relieved The selling
was explained rs being due 70 liquidation
by bull pools and suggestions were heard
OF internal discussions between the mem
bers OF the pools to account for the hGuqi-
dalton. The very favorable reports Of
the iron trade outlook. including the rise
in the price OF pig iron and assertions
that large orders for steel rails would
go over TO next year. was accepted as
a cheering indication. The announcement
OF the arrival in san Francisco OF q con-
Segment OF s.. 81, 900 IN Austrian gold,
taken in connection with yesterdays re-
port OF a shipment OF q Ike amount
from Sydney. and the large receipts Of
Klondike gold in the last few DAYS
served as a reinsurance 70 those who felt
uneasiness over the future money out
look. The withdrawal from the Bank q
Eneland OF more than $3.50 90 for Ger
many was taken 70 indicate the ability Of
that institution 70 respond 70 demands
upon II in the event Of any real strin-
rency in the New York money market.
The movement Of prices had the usual
effect Of coloring the view OF the day s
events 10 conform TO the new direction
Of prlces. The market closed quiet and
steady at about the best
The principal weak spots IN the bond
market we're IN speculative issues These
rallied with stocks and others were firm
throughout Total sales. par value. 81
co 200. United States bonds were all IN
changed on the last cali