The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1894-07-12
AGREE TO RESUME
WALL STREET sPEOULAT0RS START
BUSINESS AGAIN.
Active Day on the Stock Exchange
Winds mp With a General Advance
III Prices-Improving Tenor of
News From the Strike CEN
ters Looscns up Traders
Purse Strinss and
Much Buying Re
sultS Stock
Quotations.

NEW YORK, July 1L-Tbis was an active
day on the stock exchange aud although
there We're periods OF depression. taken as
whole, the market wa III good toue and
very general advance In prices was the
result OF the days trading. Occasional
bear raids were made in Certain stocks,
notably Chicago Gas, but Sugar and 81.
Paul Were also attacked without sending
their prices below the opening. News
from tue various strike ceuIers became i'm
proved in tenor and as speculative opera
tons are for The present mainly governed
by The labor s!tusrO1, the trading gained
IL strength with the reported improvement
in the railway camp. Tue failure OF the
general strike ordered by Grand Master
w Workman Sovereign was a factor IN the
stock market aud was TO some extent re-
Garded A. the beginning OF the end Of the
railroad strike
Sugar, which furnished more than
third OF the total sales. was strong AT the
opening and In such good demand TO
cause the shorts to cover with "A CELEBRITY
that sent the stock speeding upward at a
rapid gait, an advance of per cent having
been recorded before noon. At the higher
ngures there was some realizing aud "A re-
Hcilon OF per cent took place in the after
noon, but on new purchases, some OF
q
higher level. 991S, was reached, being a
gain of IS, the closing sale being at "A
hgure only 4 below the best of the day
and rs above the closing price OF yester-
day. Orders TO sci! Chicago Gas were on
the board at the opening, which sent the
price down "a, t. 721s. tue selling being
by the timiC holders who feared the con-
sequences OF general strike IN
Cblcngo. There were good supporting
orders at the decline aud before
midday gain of Is was eff
fected, followed by reaction OF y aud
an advance of IL. bringing the
shares up TO 80 with fiual reaction OF Is,
the advance Oh yesterdays closing price
being per cent. St. Paul lost : ut the
opening but quickly rallied and on Il brisk
purchasing movement in which London
was prominent, sold ND rs with final
reaction of Is. Burlington, after An open
log decline OF =, rose IL, subsequently,
receding =; Rock Island Iell off 4 At the
opening, sold up l . and reacted IS; North
west made a gain of IL, closing at the
highest. The improvement in the Changers
was largely due TO the excellent showing
Of the corn crop in the government report
made public last evening. The general
market WAS strong rule during
the afternoon, the best figures of the day
being current just before O'Clock, after
which realizing caused some recessions,
which were partially recorded, the specu
lation being decidedly firm &C the close
with prices mostly higher than the last
figures of yesterday. Pullman made the
greatest gain, D per cent, on purchases Of
800 shares.
The additional s55000O Western Union
stock listed on the exchange was issued
for the purchase of the American Rapid
Telegraph company, which been operated
by the Western union on lease. but
which was recently bought under foreclo-
sure.
The bond market was firm during the
morning, but was easier in The afternoon.
closing rather heavy. The principal
changes in the day are: Dtcliues-Louis-
vile, st. Louis ami Texas, tirsts. 3; North
ern Pacific. seconds, 25s; do. thirds, 2js:
do. Montana, firsts, l: Wabash. seconds.
2$4; ST. Paul. NJ. & VI. consols. p; do w
~ VI. 5s y; Chicago, st. Louis aud New
Orleans. D. ,: Southern Pacific consols. rs
l. ACKNOWLEDGEMENTS Central, frsts. 2>..