The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1894-12-16
BEARS TAKE AHAND
UECOMM0NLY BAD LOT OF NEWS
TOLD ON THE STREET.
Stories are Rife Of Scrip Dividends,
Decreased Assets. Tariff Reprisals,
Foreign Exchange, Gold Exports,
and the Iike-Values Tend Down
ward on a Weak Market.

New York, Dec. I5-Sp eculstion on the
oek exchange today was inactive and the
market was irregular and unsettled but
tending toward weakness rather than
strength and most OF the shares dealt in
closed at a decline from the final prices OF
yesterday There was no pronounced
pressure 10 sell except perhaps in Sugar.
but there was evinced n disposition TO close
out contracts, especially in the matter Of
taking profits where shown. Tie current
news OF tie street WAS mostly bear!sh.
1t was rumored that the Chicago
Gas dividend, if declared, would be
in scri pi; that the assets of Baltimore
and Ohio had materially decreased;
that Germany would take action 10 meet
the protective clauses of the sugar seized
ule of the tariff bill; that the foreign ex-
change market was hardening and would
induce increased expectations OF gold, and
that the Reorganization of the DisIiling
and Cattle Feeding company was among
the near probabilities. On the Of her hand
IL was reported that the earnings OF st.
Paul for the second week ia December
would show an increase, and the pur-
Chase of this stock by London and the
local traders were by reason thereof. The
market opened heavy and declined for the
first. half hour. Sugar, Consolidated Gas and
Oregon Short Line leading the downward
movement. Then came rally in which
only Pittsburg and Western preferred and
Pittsbnrg, Cleveland, Cincinnati aud ST.
Louis advanced more than fraction. A
reaction quickly followed, the losses be-
ing fractional except in Baltimore and
Ohio, Chicago Gas. Denver and Rio Grande
apd Oregon Improvement Tue depres-
sion continued to the end, the market
closing heavy. Chief among the losses on
the day are: Sugar, l& per cent; Sugar
preferred, q per ceut; Oregon Improve
ment. Oregon Short Line and Denver and
hio Grande, per cent. aud the Changers,
S@13 per cent.
During the week the market has been
erratic in its course. In the early part the
repeal of the anti-pooling section of the
Interstate commercs act by the lower
house of congress excited favorable in-
fuence in the railway list, and the senate
caucus refusal 10 consider the tariff ques-
tion in its relation to Sugar strengthened
the stock of that company, which Is the
acknowledged stock OF the market.
An Improvement in values conse.
quent upon thess favorable infiu-
ences was partly lost duriug the latter
part of he week, when by selling TO rea
lie profits by Clique maDipuiations and as
regards Sugar, by the introduction In the
GrImap reichstag of resolution To adopt
policy or reprisal 10 meet the protective
duty on sugar, reaction set IN which was
most pronounced in the closing dealings
The total sales of the week were 81, 2l3, 0G0
The trading in the bond market today
was very quiet. but the tone of the market
was firm. The sales reached s49i 900. 4
ma ority of the securities dealt IN recorded
advances.
The volume OF business during the past
week was the largest of any in many
months, and reached total of SS.000,0O
Tue dealings in the more active issues
were generally firm in tone, and in most
cases advances were recorded, but many of
the securities which are infrequently dealt
in deprecated materially in value.