The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1894-11-27
BUYERS STAY OUT
EXPECTED BENEFIT FROM BOND Is
SUE FAILS TO SHOW.
Other Government Issues Receive
Material Aid but Otherwise the
Market IS Irrespousive-Chica o
Gas Railcd-Northwest Dividend
Causes UneasincSs.

NEW YORK, Nov. 26,-The share specG-
lation today did not reflect that buoSaEcy
which might have been, and undoubtedly
was Ia some ciIcles, expected from the
very successful floating OF the government
loan. Loan speculative values did receive
some benefit last week in anticipation OF
the result reached, but IL WAS not OF last
ing character, other circumstances tend
ing to weaken the stock market. The
other government bonds were, however,
materially strengthened by the heavy bids
for the new fives and all of the old Issues
close today higher than on Saturday,
the gains being: Elves registered. Ia
per cent; the same. coupon, l per
cent; tours registered aud coupon,
each ! per cent; seconds registered, per
cent; Pacific skies of '05, go and IS, per
cent; Of 30. , per cent, and vi 80. per
cent. At the opening OF the stock narke.
n firm tone prevailed and most Of the
SHARES traded moved up fraction on buy
ing by the room raiders. based Oh the belief
that there would be good time for stocks.
The buyers did not, however, come into
tue market and Instead a raid was made on
Chicago Gas, which sent II down to l per
cent, Bay State Gas making similar loss
and the general market becoming heavy
aud reActlnS tractlonaGly. A slight rally
followed in the more active STOCKS, while
Delaware and Hudson rose IL per
cent. A partial reaction took
place at about 1850, but speculation was
steady at noon. During the afternoon the
market moved In the same Irregular
CO urse as during the morning, react'Ous
10 lowing Trcoverlrs and the net results
being in most cases lower range or
values. In the final trading a slightly
l. Id IL.
closed about steady. AT no time during
the day was their any amin alton 10 the
dealings, but at the same time there was
no special pressure to sell, except IN St
Paul aud Northwest, some holders Of
these suares desiring To close out their
CONTRACTS in view of the expected
reduct. CD of the rate OF divi
dend of Northwest at tomorrow's
directors meeting. The coal shares were
depressed early In the day by the attack on
the Reading but gained strength III the
afternoon, OIL the belief that tue confer
eucs OF commercial men to be held tomor-
row will help the situation. Delaware
aud Hudson made a gain on the day OF -.
per Cent, and Lackawanna per cent
New Jersey Central opened Is per cent
higher, broke l.. per cent and recovered
y per Cent. Reading declined y per cent
aHd rallied per Cent Reports that the
annual report of the Erie would show
heavy decrease III the act earnings, brought
out considerable stock. and sent the price
down 9. Per cent. Other losses on the day
are: Lake Shore, Ia per cent; 81.
Paul, q per cent; do preferred Ia per cent
Southern Pacific, IL per cent; National
Lehl, per cent; sugar. aud Missouri Pa
c,tc e per cent; Colorado Coal aud Iron.
:. per cent and Louisville and Nashville,
% per cent Ia the list Of advances are
Corudge guaranteed l y per cent; Colorado
Fuel aud Iron, Ia per cent; Pullman,
Canada Southern aud Laclede Gas, per
cent.
The bond market was generally firm
with a tendency toward higher figures.
The transactions aggregated 81, 34l. COO OF
which Southern five, figured for 1854. ZOO.
In the closing dealings there were slight
rrcesslons In the more active iss9es.