The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-10-31
STOCKS AND BONDS.


New York. Oct So.-The stock market
was again dun adm narrow today. thousl
at times there were indications CT a bet
ter feeling. This may hare been due to
the slight decline in demand sterling.
Which Iessened the probability of early
gold exports. other favorable features
included some more reports Of railroad
earnings and Lcndon's more friendly at
titude though that center dealt very mod
erately on his market and sold quite as
much as It bought. Opening quotations
we're generally q fraction better than the
previous days close. The strong feature
in the early trading included St Paul,
r. & O.. Southern Pacific, Sugar and
Amalganated Copper. Among the stocks
that registered declines at the same time
were Reading. Louisville & Nashville,
United States Steel. 4 further tendency
toward better prices was soon shown and
Norfolk and Western. Missouri Pacific
adm Manhattan were quoted at improved
prices. There was no news to account for
the general Improvement other than that
traders seemed 10 think the market had
4
group. developed increased strength under
the lead of Missouri Pacific and there
was moderate demand for T. & P. The
trading in Pennsylvania. Baltimore &
Ohio. Canadian Pacific, Illinois Central.
Delaware and Hudson, New York Cen
trail and Wabash, seemed to have some
foundation. Northwestern was sensitive
anG declined on small dealings but later
made partial recovery. In the special
class American cotton OIL mace further
gain. but Colorado Fuel and Iron was
distinctively heavy. United States Realty
shares were dealt in for the first time.
the preferred making one point ad-
vance. Speculation became rather irregu-
lar and reactionary toward noon ana
business dwindied to the slinmest pro-
portions. While inside support was not
altogether lacking. it was clear that any
attempts in the direction of activity and
higher level were met with offerings
Of long stock This list held barely firm
during the early afternoon though the
reactions were chiefly due TO room trad
Ing. st. Paul developed unusual strength
in the last hour making a maximum
ard the failure of the directors to take
action on the proposed issue of extra
stock, caused general selling. The re-
mainder Of the list went of in sympathy
ard the closing while easy, was dull
Demand sterling was quoted at 4S6s0 to
1865. The rate for exchange hardened in
Berlin and signs of a recovery in Paris
exchange on London We're lacking Cali
money worked as high as per cent in
the final hour but most of the days loans
We're made between AZ and 3 per cent.
The advance in demand loans were prob
ably due in a measure 10 the final pay
ment on Saturday of s27 100000 for ac-
Pennsylvania railroad. Arrangements to
meet this payment were perfected some
days ago, however, and il is more than
likely that the advance in call money
was largely influenced by the belief that
gold exports must come. The recent loss
O. the banks to the sub-treasury has
been more than made up and the local in
stituisons now show a gain Of about S1,5o0,
lcU Among the trac returns reported
was that of Union Pacific system. show
ing a net increase for September of S234.-
00c
The bond market continued very dali,
but prices were we'll maintained. Total
sales par value. S1.g6t.aG,.
United States S's cupor advanced IA
per cert on tho last call
Closing quotations CT stocks were as