The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-10-28
STOCKS AND BONDS.

New York, Oct 27.-The course OF to-
days stock market gave little promise
Of any change from last weeks dull and
narrow conditions. Trading was very
light and the professional element was
still in control. Reports Of fresh labor
troubles among the railroads running into
Chicago were heard. Traders received
no encoura cement from London, where
quotations for the international stocks
were fractienallY lower.
Colorado Fuel and Iron was the most
active feature OF the opening. advancing
over points en- moderately heavy trans
actions, but losing fully one-hah its sd
vantage before the close. Baltimore and
Ohio was actively traded in at an opening
decline and Lackawanna sold up one
point at the first and only offering Of
the day. BY the end OF the first hour
the weakness OF the list became more
marked though with no direct evidence
OF pressure TO sell. Losses Of a point OF
more We're shown by Atchison, New York
Central. Pennsylvania. Baltimore and
Ohio. Reading. Erie. Louisville. Chesa-
peake and Ohio. Norfolk and Western,
Texas and Pacific. Missouri Pacific ST,
Louis Southwestern preferred. Wabash,
Minneapolis St Paul and Ssult Ste Marie.
Toledo. ST. Louis and Western. Canc>enn
Pacific. Sugar. Arnalgsmated Cooper and
Hides and Leather preferred. With scarce
~ an exception tlE HtaNlufFz OF tEfrr
issues continued throughout the day and
in some instances became more acute.
There were a few feeble rallies. but these
were limited 70 fractions and the early
afternoon brought tone Of general weak
ness The selling seemed 70 come from
holders on the long side. London sold
the list impartially TO the extent OF about
80 ,0Go shares and bought moderately Of
Northern Securities
Conn.,. fqsfo-. hosroar ~rfs no Harrfre he
days operations and traders viewed the
situation with Increased indifference The
only noteworthy feature was the decline
in the rate for commercial paper. which
last week was practically unobtainable az
less than the lssai rate. but today teA
70 5I<u5a per cent. This rate was So
cured BIZ borrowers OF first rate CONNER
cial credit and was generally accepted
by Interior banks which prefer 10 loan
money 70 mercantile interests rather than
obtain the higher rate in Wan street
Banking experts viewed this ease as IS
pccizlly Significant In showing The down
vance was SHOWN IN shEdlu % whip
ward tendency q money
a slight advance was shown IN sterling
exchange and u Was believed there bad
been a heavy aceurl ulstion OF CONNER
clal bllls over Sunday. Exchange was
oaote1 Ar $3.50 T. s. 56o. ~ spite q
This Increased armness. gold experts are
regarded - mere remote fhan ever An
other shipmeut q Australian gold 20 this
country was reported by The AnEio-'aii-
f0rnia bank - San Francisco - the
amount. s. sc 90 probably VIII D. trans
ferreG 70 this center ~ an cary day
The final hour found the list ever more
narrow. with further contraction a
business enc n The special feztlres vas
a ten point decline IN BROOKLYN Lnion
Gas. and other hizh priced stocks were
or : 20 points. The closing sas weak.
Further gross and ret returns. some *
them cutie farcrzhle were reported by
Louisville ana Nashville. Southern rad
VA. Mexican Central. Cleveland. Circir-
natl chicago and St Louis. Georgia
Central and Hooking VALLEY. In the way
~ gossip q was sezi-ofTic.ally stated that
there wouId - no early inrrssEe n the
Louisville and Nashville dividend rate.
The heavy sslIing n Norfolk ard Vest
EN- AZ. ascribet 70 TIE belief thss TIE
coming d.vi6e1S announcement concerning
th- Common stock world Be veTy cias5-
pointing
Fhe active bo-6 iss-es we're ~eak al
around OF srnsll drslirxs- Total ssles.
rar vzlue. 8 20 80 United States soacs
E7e-e al urrhauged ca TIE izst caH
The closing stock Quotations wfre 90
frrouF