The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1894-10-06
CHANGERS LEAD UP
BEARS SHEATEE THEIR CLAWS AND
TAKE A DAYS REST.
Stocks Take Higher Range aud Spec
ulatiOn is Firm-ReceiyerSh
and Gar Stories Alike Fail TO
shake it-Sugar Stock Skillfully

NEW YORK. Oct. 5-Sp.culation on the
and the movement of prices upward. the
occasional slight reactions occurring being
merely the unimportant recessions incl
dental TO rising market, and due 10 real
lziog sales and bear spurts but did not ser
lousy interrupt the tendency toward n
higher range Of value. Ii was in the rail
way list that the improvement was most
marked aud OF this group the grangers
were the leaders. A prominent tactor OF
the situation was the firmness OF Ameri-
can securities on the London market, al
though beyond some small buying of ST
Paul, the foreign houses were not in
the market to any sppreciable ex-
tent. Yesterdays covering movement was
continued and most of the room traders
were on the bull side of the market and
there did not seem TO be any bear argu-
ment on which the shorts could operate.
30 firm was the tone OF the speculation
that no effort to hammer stock was made
on the announcement OF the appointment
OF a receiver for the firm of Coffin * Stan
ton, which appears TO have been due rather
10 disagreement between the partners
than to any financial embarrassmont,t their
relations having been strained Tor some
time past. The rumored death of the Car
WAS also without effect on the market and
no better evidence was needed than that
neii her of these circumstances Caused the
slightest furry.
Under ordinary conditions the depres-
sion at least would have followed the one
or the other. Sugar led i'll the tranSac-
tions aud was so successfully manipulated
as To be closed exactly AT yesterdays price
OF S596. after having been run up TO SIS
and sold down 10 S43s. There is growing
belief that the controlling interests are de-
sirous or keeping the price down for effect
on congress and are not averse to increas-
ing their headings at that lower figure.
Chicago Gas also stands unchanged on the
day, having moved within range of
per cent. Early IN the day a
deal of this stock was sold to
take the profits of yesterdays
advance, while in the later dealings there
WAS good buying of the shares. 1t Is
thought the bull clique, disiiking too
the weaker holders by letting the price
down few points.
The principal gains on the day are: Bur
lington, Lake Shore, Erie preferred, North
srn Pacific preferred aud Tobacco pre-
ferred, per cent; Chicago aud st. Paul,
rs per cent; Pittsburg. Cincinnati. Cleve-
Land aud st. Louis, l J! per cent; Denver
ana no Grande preferred, rs per cent
New Jersey Central and st. Paul pre-
ferred, 4 per cent; Adams Express, per
cent. Declines We're established of l per
cent in st. Paul and Duluth, Ohio South
ern aud American District Telegraph.
Ia the final dealings trade was light in
volume but the market closed strong.
The bond market was firm all day and
trading active, the sales aggregatng
81. 46S. 900. Chesapeake aud Ohio as. Texas
n sernpHS and fehi.nn h.r
most prominent in the dealings. The
changes are mainly confined To fractions.
Advances were recorded in Minneapolis
aud st. Louis ones and Southwestern OF )
per Cent; Georgia Pacific consol tives trust
rrc ipts. per cent: Iron Mountain. Csiro,
Arkansas aud Texas ones. , per ceut;
Oregon Short Lin. consol fives. per cent;
Chicago. and st. Louis and New Orleans
tiyes, rs per cent; st. Paul firsts south