The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-11-18
STOCKS AID BONDS.


presented few i any marked characters
ties today. although London prices
showed Improvement. the opening here
was decidedly irregular. This was prob
ably caused by The liquidation Of those
ho withstood last week s depression, as
well as tie proat-taking Of spectators
who bought during the same period.
These uneven conditions gave way 70 a
better feeling before The end Of the first
hour. when it becam vidnt that crtair
vague runors OF trouble were un1ound-
ed The feature of the early tracing
as we'll as OF the entire day was Man
haitian. which was exceptionally strong
and active, making q maximum and net
gain of over 5 points on transactions
that more than exceeded one-dfth Of the
days total operations. The rise in this
stock. which was bought openly in big
blocks BY brokers who usually represent
Gould interests revived the old story
that Manhattan is to be taken over to
the New York Central on a uaranteed
dividend. No confirmation of this was
obtainable, nor did any great amount
Of credence attach 10 it.
The other transactions were fairly
strong in sympathy Metropolitan on
very light transactions gaining over a
point with fractional advance in Brook
lyn transit Considerable attention was
drawn TO st. Paul by reason of its rather
irregular movements and the stock closed
with slight loss. New York Central
much of its advance. and Baltimore and
which maze an early gain of IL, lost
Ohio fell over a point from the top in
spite of its good showing in earnings for
the finance year. Other active railway
issues that displayed heaviness included
the Pacific group tho pressure against
Union Pacific alone being very marked.
In the special class Colorado Fuel.
United States Smelling. Sugar and few
others were steady, sugar making n ma
terial net gain
Fer the most part, however, changes
were important during the early session
and the market was narrow. troders
showing a disposition to await develop
ments in the local financial situation
The chief feature in this quarter was
the transfer Of $3.50, 600 to San Francisco
and $4,000 to New Orleans. making d
total of 81. coo 900 TO the first named cen
ter in the last four days. This drain
i on local resources was not regarded with
favor. There was practically no change
in foreign exchange, demand sterling
ruling al s4S7 While bankers say they
look for no immediate exports. the fact
that three fast ships landing at French
ports leave for this city during week
created some uneasincss.
Call money was as high as and as
low as 3D. the bulk of loans being at
~ per cent London bought 25.O00 shares
in the early declines and sold the greater
part on the rise.
The increased dividend in Norfolk and
Western Common failed to bring any
material Improvement TO that stock. al
though dealings were moderately heavy.
The decline of 80 points in General Elec-
trio resulted from labor troubles at the
company's plant at Schenectady. Trading
in the last hour brought recessions to
number Of active issues. and while
the market rallied the close was irregu-
lar. The question Of increased railway
wages continues 10 be q matter Of seri-
Gus discussion as vel as the. CONGESTION Of
freiht traffic on the leadin roads and it
is becomin clearer daily that the capae-
ity Of practically every trunk road will
be taxed TO the utmost.
Bonds were reular on a small range
Total sales. par value s2.ei50co. United
States old As declined per cent on the
last call.
New York. November 1.-THE leading
stock quotations were as follows: