The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1894-10-07
BEARS FIGHT SHY
WEEKS CHANGES SHOW ABOUT
EVEN ON BOTH SIDES
Bulls Get in Taeir Work on Chicago
Gas Stock-Reading Stock Bought
to Secure Voting Priyileges-Re-
vivified Bull Pool BoomS Western
Cnion-Graugers small GaiLs.

NEW YORK. Oct. 6.-The stock market
was strong toGay during the two hours OF
business and prices advanced steadily on a
small volume OF business. Tue buying
WAS largely for the short account, the
bears having apparently concluded that iu
tue present temper of speculation il was
the better part of wisdom 10 keep their
lines we'll in hand over Sunday.
The fea' ures of the trading were Chicago
Gas, Reading and Western Union. Re-
ports touching the favorable effect of the
contract with the Universal Gas company,
on Chicago Gas We're used by the
bull Clique 10 the stock to
move it upward, aud an advance
Of T.. per cent was made, Of which ~ per
Cent mad been lost ~ tue close. PhIIdGel-
phia houses were good buyers of Reading
for purposes of voting at the annual cleo
ton III January, stock having TO be held
for three months before the election TO
qualify the holders to vote. An advance
of y per cent resulted, the last being the
best price of tie day. The purchasing
movement in Western Uuion is said to
have been by an old bull pool in the s. ock
which has again begun operations under
the lead of we'll known trader. Tie
shares rose ] Is per cent TO S9s4 per cent,
Closing at IS per cent oeloW Tue
highest price touched. Sugar WAS
neglected in the general improvement.
common gaining l per cent and preferred
= per cent. There was brisk coverings in
the grangers but the price did not appre-
ciate materially, the closing quotations
showing advances Of only per cent in
Northwestern aud II per cent IN Burling-
ton and Quincy, st. Paul and Rock Island
standing unchanged on the day. Dis
fllttnSy nnyaR 13L on small
trading. Bay STATE Gas of Boston was
this morning admitted TO she unlisted de-
partment of the stock exchange and WAS
dealt in to the extent of g. 200 shares open
ing at 30% per cent, recedIDg to 80 per
cent, advancing TO 81 per cent and closing
at 3l$! per cent. Those who were instru-
mental in having it listed gave it the point
that gas combination WIS impending
in Boston, but it is believed that
the trading IN the stock Was
confined TO the insiders altogether. The
dealings in the rest OF the list were APP
parent, though fractional advances were
made therein, with the exception of Bruins
wick which has advanced 81! per cent.
Louisville and New Albany declined ia
per cent and then sold up 2 per cent. tue
total transactions therein being 200 shares.
The market closed strong On the week
the changes are pretty evenly divided on
both sides of the market, the principal AL
vances are: Chicago Gas. Al per cent: St.
Paul, MINNEAPOLIS and Manitoba. 80 Per
cent; Adams Express. per cent; Rea ing,
rs per cent; Consolidated Gas, 21l per
cent; Burlington, rs per cent; Western
Union, per cent.
In the list of declines are: Sugar, x
per cent; Pittsburg, Cincinnati. ChicaIu
and st. Louis, % per cent; Cordage. l%
per cent: Louisville and New Albany, Ia
per cent; Baltimore and OHIO, Louisville
and Nashville, Kansas and Texas, !. per
cent; Pittsburg and Western preferred,
3 per cent; St. Paul and Duluth and Rub
Der preferred, per cent.
The bond market was steady and fairly
active. The total transactions were
649, 600. The changes on tue day are:
Reading, third preferred, advanced Il.
per cent: Fort Worth and Denver frs!s,
rs per cent; Minneapolis and St. Louis
equipment skies and Union Pacific. Dem
Yer and Gulf firsts, 1 per cent. Union
Pacific, Lincoln and Colorado firsts sold
at 40 per cent against AZ per cent GU Sep
TENDER l.. Other declines were Consum
ers' Gas of Chicago firsts, per cent; Gal
weston, Harrisburg and San Antonio
SECONDS, aud Union Pacific sinking fund,
per cent.
The bond market has followed the share
speculation pretty closely during the week
and the result of the trading Is that about
as many declines have been made rs ad-
vances recorded. The principle gains are:
Toledo and Ann Arbor and Cadillac firsts,
AZ per cent; Louisville and Nashville
general skies, A. per cent; Georgia Pa
citic consol fives, trust receipts per cent.
Declines-Hastings County Elevated tirsts.
IL per cent; Dallas and Waco fives. 81
per cent; Union Pacific, Lincoln and Coo
RADIO fivs<, Oregon Short Line skies, 81.
Paul srvens, 81 per cent; Wheeling and
Lake Erie fir,ts, Wheeling Division. per
cent; L. S. Cord-ge firsts, Consumers
Gas of Chicago. firsts. aud ST. Paul and
Northern Pacific registered Pacific frsts,
per cent.