The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1894-12-27
NOT ANY FRESHER
STOCKS RESUME WITH LITTLE IF
ANY IMPROVEMENT.
Such Advances as Are Made Yield
Readily to Selling Movements.
Insiders Confident Of RecrSauixa-
ton PLANS Buy Distiliins Stack In
Observation-Disclosures Neglected.

New York. Dec 2s,-The stock market
| ion throughout the greater part OF the
day. There was occasional periods Of
firmness during the morning but the
/ light Improvements made were quick
I ly lost under the influence of selling
movements which. while slight. were ef-
fective in breaking down prices by rea-
son Of the absence of ony supporting
orders. Chicago gas and distilling were
about the only active stocks which re-
sisted the efforts of the bears during
the month. Distilling was in very good
buying demand in the early dealings.
purchasers being insiders who antic-
pated the success of the plan OF reor-
ganization. An advance of rs per cent
was recorded before noon, all but = per
cent Of which was lost during the after
noon, when there was some selling at
the higher figures by holders who are
NOT Sanguine as to the rehabilitation OF
the company on a solid basis. Chica-
go Gas was bought on western orders.
the purchases being for recent sellers
who desired 70 get back their stock
The stock advanced IL per cent TO 1875
per cent before midday and reacted a
per cent in the afternoon trading. which
shares were nota hl.- weak on the hQui-
dalton OF speculative account. in which
the margins We're so nearly exhausted
as to require the stock 10 be sold as
precautionary measure: the guaranteed
stock broke SIS per cent to 1875 per cent
and the preferred 8 per cent to SIS per
cent: the common advanced IL per cent
to per cent, sold down TO Jiz per cent.
rallied to 61s per cent. reacted to 5ss per
cent and closed at per cent, loss OF
y per cent on the day
The bears made an attack on New
Jersey Central during the last hour on
report unfavorable to the company
and hammered the stock down per
cent, the closing price being only IS
per cent above the lowest. Sugar was
comparatively neglected and during
the hour between IL and 1 o'clock only
one sale Of the stock was made; the
shares f1uctuating within the very mar
row range Of y per cent. closing y per
cent down on the day. The Changers
were weak on reports Of poor earnings
for December and closed at declines
compared with Mondays finals Of
per cent in st. Paul and Northwest. q
per cent in Burlington. and Y per cent
in Rock Island. The other material de-
clines on the day are:~ Lake Erie and
Western preferred and Cotton Oil. 2
per cent; Louisville. New Albany and
Cnlcdeo preferred, IA per cent, Deia-
ware and Hudson and Bay State Gas,
Is per cent; Notional Lead common
and preferred and National Starch. /
per cent. On purchases Of 200shares,
Central and South American Tele-
graph. per cent, to 11S per cent; La
celede Gas common and preferred each
made gains of IA per cent and few
others show fractional improvements.
The pressure to sell was heaviest in the
late trading and the market closed
weak at prices at about the lowest level.
The bond market was weak during
the day on a somewhat restricted vol
ume of trading. The Atchison issues
were heavily sold and gave way l..
per cent for the fours and IL per cent
for the seconds, a small fraction being
recovered in the final dealings. The
combined sales of these issues were
s22s,000 out Of a total for the day OF
1917 600