The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-11-13
STOCKS AND BONDS.

New York. Nov. 12.-Transactions in
stocks ran well over q million shares
today in q remarkable feverish and II
regular market. The action OF the mar
tet gave warrant for the presumption
( that powerful financial interests had set
+ themselves the task OF supporting the
market and establishing CONDITION OF
( equilibrium. Il was assumed II Wan
street that the selling Of stocks had
taken on an indiscriminate character
I tat threatened serious results % sub
stantiaI interests. There vas q further
/ threatening break this morning which
+ was NOT unna Vural IN view OF The rapid
F decline N progress az the close OF ySster-
I DAYS market The impairment thus
caused IN margins and the anxiety
aroused among outside holders OF stocks
Who were not within immediate reach
CT their brokers yesterday afternoon
brought IN heavy selling orders 10 com
mission houses this morning IS q result
Of which opening prices we're from 1 u
/ . points lower for practically all the lead
ing active stocks. These prices were
lowest Of the Gay. although the level
vas approached again or one or two
subsequent dips 1t became quickly man
Ifest that buyers OF unlimited resources
were il the market and ne heaviest Of
ferings were @ uickly absorbed and prices
were vigorously bid up through foods Of
selling orders. The supporters OF the
market had stormy time during the
first hour and prices kept running up and
down a considerable scale IN a lively
end confusing manner, but BY the end OF
the first hour the selling had been
brought almost to a staudstin and sub
stanti5I reC0veries were established all
through the list. The support conferred
in St Paul. AmaIgamated Copper and the
United States Steel stocks. The buying
/ OF these stocks had q notable effect in
reassuriuS speculative sentiment, just as
their unsupported condition on earlier
days Of the week was d notable infiu-
enca in the depression. There were sew
craI special Influences which helped 10
encourage sentiment Chicago and NorLk-
western. after a drop Of three points re-
covered 10 six over last night. on the
action Of the directors in favor OF issuing
new stocks with right 10 stockholders 70
subscribe at par. The issue OF q circular
IT, the Colorado Fuel stockholders. ask
ilE for proxies on behalf OF the inter
est controlling the principal Colorado
railroad systems. disclosed a new contest
( for control OF that property, which re-
suited in q sharp advance in its price
Manhattan was benefited Dy the publ
Z Z
Aside from these developments 10 lndir
7 properties there was very little news TO
account FOR the prices Upon the first
/ recovery after temporary pause at.
tcmpts were made 10 renew the advance,
but the selling Increased a the higher
( Icvel and prices fell back again Through
cut the day whenever prices declined
Ineffective support was forthcoming and
on the other hand any considerable ad-
vance invited renewed selling The clos
ing was firm however and at about the
top level Missouri Pacific offered effect
i've resistance 10 reaction throughout the
day. Money showed = rather easier tone
owing 20 the extensive liquidation and
New YORK exchange AZ Chicago rose again
10 par. but Sterling exchange was firmly
held again. and IL was considered possible
ur 70 late in the say that gold might 20
cut on tomorrow : steamer for France
The market claosed without any amour
cement being made Of 4 gold engagement.
Sends We're not rs wei supported as
stocks ana were rather weak throughout
fetal sales. par value. s. $4,000
United States bonds were all unchanged
ca the last call
Closing quotations of stocks vere as
follows
Atchis0n ........ So South. Pacific - 657
do Itd -------- so-- south Ran way
BALTIC q ohio l,l-s do pfd -.----.-- sl's
do ptd -.-.--- s5-s Texas & Pacific 4
Cana. Pacific -lseli Tol-. 81 J. &
F Czua- southern. - do Did .--....--. =
Clesa- q Chic ~. Union Pacific leg
-lt & Alton -. do Pc .---.-----
Chi, lad. & L - 60 ptd .-..---.-- 49,
60 - .-----~. - Wheel & T.. e.
Chi : E. nl 90 p pfd . sss.
Chi & 9. w. g Wisconsin Cert -
le pf1 ------ ~. do rf1 -.------.. 47-.
Chi * Northw ----s. adams Express. 2l9