The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-01-15
BIG DROPS N STOCKS
Selling Movement Gains In
creasing Force on Board.
CLOSE IS WAY DOWN
Net Losses Run From to 6
Points in Principals.

New York. Jan. i4.-There was consid-
cradle disturbance OF speculative se7ti-
ment II the stock market today and the
movement 10 sell gained increasing force.
The weakness became rather acute n the
final hour, when the heaviest selling o.
the day was done, and the market closed
active and weak and generally at TIE
lowest. net losses running all the way
from I 10 { points for the principal stocks
There were some special causes OF weak
ness OF individual stocks, which affected
the general market BY sympathy 10 some
extent. but the movement as whole was
due 70 general causes. which have been
gaining in influence for several days past
All minor difference OF Interpretation over
the standing OF the case against the
Northern Securities company are sunk N
the general consideration thar the legality
OF the combination IS 70 De submitted 10
determine BY the courts and that ths
value OF is securities are 70 be IL aeey-
ance during a probable prolonged Dti-
CATION The bearing Of the decision II
ether combinations, not only those made
but some others IN contemplation, makes
the decision OF this case OF vast import
ance to the whole securities market. The
difficulties developed in the several n
dustrials combination which have SUI
rise 10 a much more conservative spirit
among lenders OF money and buyers OF
securities. Today's upset n the gram
markets resulting from over commit
ments in speculation, brought some Efui-
darion directly upon the stock market
Besides these general considerations, " al
Street had rumors that a new bend issue
by the Erie Railroad company IVES i'm
r1inent. and on these the stocks OF the
company declined IL and % points The
remark made by the president OF the
Erie IN his last annual that ~ would
seem a. though the day is now ap-
preaching when arrangement for new
capital can be Jrobtably made, was re-
sarced as a substantial basis for these
rumOrs. The cut in the prices OF refined
sugars cost that speciality points
There was noticeable weakness In
group OF stocks in which there has been
speculation on hopes Of dividend IL
Creases or the beginning OF dividends
There were fears that these hopes would
be disappointed. The New York Chicago
End ST Louis stocks, the St Louis and
San Francisco stocks. Lake Erie aao
Western. and United States Express
might be included in this category The
Atchisons were heavily sold on continu-
ing dissatisfaction over the cebenture
bond issue Aside from these instances.
the selling was pretty we'll distributed
There was a period OF somme strength
in the morning. led by Manhattan, with
rise of IL. but that stock fell Nitn tho
rest of the market Glucose rose IS n
face OF the general decline Sterling eN-
the suDpositiOn that gold may not be eX-
ported after this week, but the market
was little affected by this development
and by the liberal gains of cash n The
sub-treasury operation. The payment to-
day OF Ssl9, go IN redemption OF the Ha-
waiian loan assumed by the United
states viii accrue 10 the benefit or the
market Active bonds weakened IN SYM
uathy with stocks. out some less active
issues held their early gains. Total sales
par value, $4,000. United States bonds
were all unchanged on the last call
Closing prices Of stocks were as follows.
AtchisOn -....-.. l5.z south Pac.
do ufd ....... SIS south Ry s-.s
BALTIC. x Ohio---l lois 90 pfd $3.50 =
do Pfd ...-.-.- 95 Texas < Fac 80
Tan. Pacific FOL. s. l. & " Ia
: Fan. South coz 90 ptd -.------ - =
/ -hesa. & Ohio. s. Union Pacific
+ S,hl K Alton. 81 do pfd ......-. Sos
do rfd ....--.. sJ-s IS abasn o.. $1,000 y p
/ chi. Ind < L. 81. 90 ptd -.-----. 81 :
do pId $1,000 - 81 heel q l. e li--
3 -hi x T.. Il-...15a no 81 pfd .... =
chi. q c. w Nis- Central 200
do y pfd do pfi 10000 e.
do r pfd 1890 s. ADAMS tx lbs
hi < NortnW -1ii Amer TX .--..-.-i1
Chi. Z. 7. & P-l--- T. : EZ .-...---14
chi. Term & T. u Wells Fargo lis
DO pfd -..---.. 81 Anal Copper -
Cello. South 49, i Amer. car * r. ss.z
do lst pfd do pfd .-...... si-t
q DO % pfd --.- - Amer. In : Oil l57s
Bel Del. { T. H Z Va IA DO gsa ( Rs. "a.
/ Denver & r G A. DO pfd ....... ~
DO pfd -------- 80 Ana Mining Co. =
f Ere .-.-....------ - Brook. r Tran 80
Do lst Pa ---- = Colo r e L.. $
90 "a PIC go Consol Gas ---- IA
= Nor ilo---i s--5s General Fec o. cT6's
JOCK -lley go - Giuec0se Sugar g
co PFC -------- - Hook Coal ----. -
- SssilIe- ;'----s- Int Paper .---.-. y
+ iowa ts,aAlE@L go - b, do ia ----.-... y
90 Pa - Z. Int Power $500. -
Lake Z. & w s. ra~rase C.as Is
90 Pa 80 - Nat Biscuit .--
Manhattan J. .-lso So SO -
Met 81. Ry...-.l7n - - -
-, 49, S- - - North Amer ---- -
MINI. K 81. L-.-lf peris5( Non 80
- Peoples Gas ..-1sas
W - q Press. steel Car -
E = = -. = --- Pull Pal Car. -ls
= - Republic Steel u
co pfd ...---.-- 3
IT e. West. 49, -.
I Pennsylvania --l+f 49, = q ~ -
Reading .-------- -.s-- ---r
< Leather 81. 1Tiz
- - Do pf8 .-....-- 81
= = q - q = Rubber --- IA
- ~ "a 80 DO rfd = =
GO - - - r. s steel 80. 81.
- DO pfd .---..-. st-
rs-f 1az 50 1iou .--.
DO pld ..---.--I.5i- 49, -.