The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-09-27
COAL STRIKE
END IS NEAR
Which Caused Considerable
Advance in Reading Stocks.
LOUISVILLE is WAY UP
That and St. Paul Show the
Largest Gains,

New York, Sept. 25.-There was show
of considerable strength in the stock
market today The principal movement
was in St Paul and louisville < Nash
vile and the extreme advance OF - in
the latter and So in the former had con-
siderable sympathetic effect on the rail-
road list generally. There was brisk buy
ing Of Reading nOminany based on the
supposition that the end Of the coal strike
is near. Manhattan was largely bought
by the speculative interests which have
been accommodating the stock FOR some
time. There was a notable disposition 10
advance on the part OF a number OF
minor low-priced industrials. especially
the railway equipment companies. Dur
ing the final hour the professional opera
tors, whose buying had advanced prices.
took their profits very generally. with
the result that final prices for a number
OF leading stocks are from ! TO points
lower than the best. Net gains are very
generally indicated FOR the day neverthe-
less The special ground for the move
ment in ST. Paul was the publicatio OF
report that important stock subscription
privileges are 10 accrue shortly Louis
vile & Nashville was helped by the color
of authority given TO report that the
control Of the system is 10 be lodged with
the Atlantic coast lines This would sat
isfactorily solve the problem that has
much puzzled Wall street ever since the
control Of the road was snatched from its
ct i'm
speculative campaign Money rates con
tinued high today. but n supply was
available and the feeling was engendered
that the banks viii make strong show
ing in the statement tomorrow The
money lent in the market was said 10
come from the trust companies and in
fiuential bank officials disclalmed any
lending in the stock market on the part
Of the banks. Secretary Shaw's supple
mentary offer TO purchase government
per cents at los had a favorable senti-
ment upon the market Like the offer
70 anticipate government interests for
the fiscal year. II IS felt IN Wall street
that the effect OF this measure viii DE
sentimental rather than practical Pre-
vious 10 today the last sale price for the
5s was 104 but the ruling quotation is
1854 bid and 1864 asked and there We're
sales on the exchange at 1861 after the
treasury department offer was promul-
gated Bond dealers are emphatic in the
expressed opinion that the secretary
price viii bring ont no important offer
ings Of the bonds. The preliminary fig
ures Of the week : movement Of money
indicates that the banks have lost over
81 oa0 900 during the week. including pay
ments by the sub-treasury and the assay
Office on account Of gold deposited al Pa
cifc coast points and on account Of the
81 10000 in gold bars which arrived from
Europe Considered In connection with
last weeks deficit in reserves Of over
81 500 900. it Will be perceived that a very
extensive reduction Of loans and deposit
liabilities must have taken place in order
10 brink the banks reserves up 10 the
legal limit again. Spectators today pro
fessed great confidence. however. that
considerable surplus would be revealed
by tomorrow bank statement An incl
dent OF the day was the rather frmer
tone for sterling exchange in connection
with the lessened stringency in the money
market
The bond market was firm in tone.
otal sales par value. $4,000
United states old fours. coupon, de-
clined 4 per cent on the last call
Closing quotations Of stocks were as
follows.