The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1903-10-15
STOCKS AND BONDS.

! New York, Oct. 14.-Attempts on the
/ part of professional traders to advance
I stocks prices today were disturbed by
! thed evelopment of a number of weak
/ points in very much the SANG manner
as yesterday. The advances which were
achieved were in consequence generally
wiped out and the last prices We're be-
! low last night as j rule. The strengi h
! in early dealings was helped by the
! higher range of prices in London, where
the financial community felt great en-
enlargement over the prospect of avert
ing hostilities between Russia and Jaran.
The stock market situation at PittsbuIg
was much improved today. and market
values of steel went much toward repair
ing done by Yesterdays break. The re-
sponsiye pressure on steel preferred was
relieved in consequence. The official de-
NAL of some of the disturbing rumors re-
garding the business of some of the in
dustrial corporations indicated the ac-
tivity of hear manipulation in dissemin-
ating the rumors anr pTomted TO some
recovery. The break in the Canadian
group of stocks offered less interruption
TO the advance ana served 10 add to the
anxiety caused by yesterdays rumors Of
financial difficulties in Montreal The eff
ect on the general list was not very mark
ed ana attempts We're made to contest
the reaction. The market was without
any animation. however. after this de-
velopment Later in the day the weak
ness of Amaigamated Copper over
Swallowed the whole situation. This stock
and reflected quite an active speculation
based on tomorrow's dividend meeting.
The late break to 50 IS a low record
for the stock. caused all sorts Of sur
misses about tomorrow dividend action.
The weakness OF the American Smelling
stocks seemed TO be associated with that
Of Amalgamated Copper. The violent
break In American Car stock toward the
close Of the session also had an unset
Ting effect The common fell 3 3-S and
the preferred 81 The premium com
manded by these stocks in the loan crowd
this morning. indicated an over extended
short account. and the covering by the
bears rallied them in the early marke,
The effect upon sentiment Of the later
break was correspondingly greater owing
to this supporting influence OF the mar
ket No news developed regarding tic
property. Several attempts were made
to rally the market after the vari0us
points Of weakness had developed. one
of these took the form Of q hi6ding up
OF the Vanderbilt group This SCENE
designed To give the impression that the
leading members OF the ramily In control
newly turned from abroad. vas buyinE
the stocks Bur hteir subsequent release
pointed II the movement as a tradet's
device. There was buying movement
at one time in Reading also. The resum2-
ton of tie hearing IL the United States
Shipbunding suit seemed - have d.
pressing eject on tie trading The DAYS
returns II railroad earnings were gener-
ally favorable and the decline n imports
and the corresponding benefit % the
countries favorable trade balance as re-
ported by the bureau u statistics i1 tle
September foreign trade return indieafed
a favors BE factor in the sit-ati7r- Bur
these considerations Teitef 90 hold n,
late market against reaction.
United states Steel bonds rose : a.
one tire bit los; rraeticaily Al of the
eain. The bond raarsei generally v-as
uuinportent Total sales. par value, g.
l7acpa
United States lords wsFe uncaaHsa o.
the las; cali
Quotations were as follows.