The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-11-19
STOCKS AND BONDS.

New York. Nov. 1S.-The most notewor-
thy feature OF todays market was the
steady ad persistent. though moderate.
liquidation. Operations were again COM
parariyely small and professional through
out, such Improvement as was shown at
times being due chiefly TO covering by
shorts aside from the scarcity of time
money, which is loaning at rates practic-
ally equal to and per cent for 60 days
and 50 days. there was no very unfavora-
bic news. Can money was easy and in
very moderate demand. and gold exports
seemed not nearer than they have ben for
weeks past IL Is clear however, that
pressure is sin being directed against
certain Of the pool stocks, and that the
substantial interests are Offering no real
support
Opening prices. were irregular and
rather under the London level Manhat-
tan was the conspicuous feature of the
day opening with a gain ana selling to
the extent Of 13i,00o shares. with net
gain Of 2ssc. The movement in this stock
still lacks explanation. other features
of the early trading were Erie. United
States Steel and Colorado Fuel. all OF
which showed Improvement. on the
other hand. Reading. Union Pacific. Can
ada Pacific were heavy. though rot to a
marked degree. The professional element
took the short side all through the early
sessions. in spite Of the steadiuess Of
sugar and Manhattan. The demand for
sugar appeared 70 come from insiders.
Louisville * Nashville was steady. pre-
sumably as a result Of the ratification Of
the Atlantic coast deal
Prices held barely STEADY In the early
afternoon. though renewed pressure was
brought to bear against St Paul and
Louisville lost all of its early gain. Rock
island also ran of and Reading which
was freely offered. sold a point lower than
The previous days close. The steaainess
of sugar was partly attributed 70 tho
advance in the refined products. but that
stock closed without change a reaction
airy tendency was manifested by Colorado
Fuel and Tennessee, CoaI and Iron. while
the steel stocks. American Smelling and
Amalgamated Copper appeared TO have
some support. Later St Paul rallied a
tride as did Reading while Manhattan
sold at the highest point OF the day and
the top figure reached in a long time.
The coming dividend in sugar was offered
ut ~ per cent which suggested the pos
sibiiv Of reduction in the dividend
from 10 per cent
In the final hour the list reflected re-
newed selling which, though moderate.
was again persistent and scattering This
uorom mt carried prices down practically
through The list with the exception of
3lanhattan. which retained the greater
part of its advance There was an utter
absence or commission business. London
bought and sold equally to the extent of
2a.09 shares. All Of an arbitrage charac-
ter and tho closing vas decidedly weak.
In the local financial situa..on the only
feature of interest was the payment by
the ssb-treasury Of ses9.o 50 on telegraph
transfer from san Francisco This is be-
iieved to represent Australian ard Klon-
dixie gold received at that center. The
sub-treasury transferred soo.oe9 TO New
Orleans.
Railroad bonds showed hesviness
throughout the day but declined in the
active issues which were small
Total sales. par value S.9s.ooo United
States bonds unchanged on last call
Closing quotations on stocks were as