The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-10-23
UTTER LACK
or INTEREST
Was the Chief Characteristic
of Stock Market.
FEAR OF GOLD EXPORTS
ADDED to the General Apathetic
Tone of Market.
FEAR Of GOLD EXPORTS

New York. Oct PIN its essential feat
ures today's stock market reelected prsc-
ticaliy all the previous days character
isties. in gliding an utter lack OF public
interest and increasing fears q sold ex-
ports. Sterling exchange vas quoted IS
high as $500 In fact. foreign exchange
market was the feature OF the day and
developed most interestingly, with an in
creased demand for sterling az this cen
ter and higher quotations for bar gold
and American coin IN London.
The local advance was al the more
interesting in view OF the inadequate
steamship facilities tomorrow. these pro-
V4clng only slow boat for banks 10 use
IN forwarding remitJances. The demand
was especially strengthened by further
sales Of stocks Tor London account IN
this market and represented altogether
total inquiry for exchange. This may
nave been the substitution Tor gold bulls
as form Of international remittance.
demand bills for remittance next SaJur-
DAY he'd ~ S4.S5s5 and the quoted price
Tor next Wednesday was tAS559
business was even lighter in volume
and the tone O. the list Was professional
throughout Reading was the only strong
stock at the opening. several fairly large
lots being taken at fractional advance
over the London price. The rest Of the
list was generally lower, Baltimore and
ohio, New YORK Central ST Paul Mis-
souri, Pacific and several other active
stocks all suffering declines The mar
ket dragged ali through the morning sss-
sion, with no marked tendency, save for
q few feeble rallies, but there were in
variably followed by declines. Some Of
the stocks already mentioned participated
IN this regular movement, as did Norfolk
and Western Louisville and Nashville
and Illinois Central There were 10 great
recesssioNs, nor was any pronounced
pressure shown except perhaps against
Baltimore and Ohio and St paul. The
rather favorable statement Of the Brook
Ign Rapid Transit company failed 10 de-
velop any demapd for the stock West
ern houses Were buyers OF Colorado Fuel
and Iron, which suggested a revival OF
the recent fight FOR conotrol OF that prop
crty.
London again took an unfavorable view
of local monetary conditions and sold up
estimated that London has unloaded fully
$4,000 shares OF international stocks on
this market in the last week.
The afternoon session brought general
recoyeries and early losses were. for the
most part, wiped ont. The strong feat
ureS CT the day We're Northwestern. which
made a good showing for September. ST.
Paul. Missouri Pacific. Toledo, ST. Louis
ad Western preferred. Sugar ard Colo
RADIO Fuel The weaker stocks were IIl-
ois Central. Norfolk and Western. Metro
politan Street Railway ad Sheffield
Steel
Among the days favorable develop
ments were an announcement Of another
importation Of gold from Australia and
the continued ease OF demand money.
Can loans We're made at between and
per cent. Time money was quoted az
per cetn for an dates Up 10 six months.
Ii was practically Impossible. however. 10
get sixty or ninety day loans az this rate.
j ional purchases OF bonds 10 the
amount Of $l-oo0.309 par value were made
by the sub-treasury. The latest treasury
report shows an increase Of government
expenses over receipts OF more than ST.
o0o.0oo
The bond market was very irregular
today, bat fluctuations were narrow and
trading very small Total sales. par value.
N,lS5.Ooo Tilted States bonds we're al
unchanged on the last call
Closing quotations q stocks were as