The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1894-10-11
VOLUME rs SMALL
STOCK TRANSACTIONS LIGHTEST
FOR MANY MONTHS.
Jewish Holiday ard Heavy Storm
Keeps Many Operators OF the
Market-BearS Get Fright on
German Beet Sugar Reports-Buu
Pooi Still Work Chicago Gas.

NEW YORK, Oct. I0-The trading in the
stock exchange today WAS the IghIest IN
volume for many weeks past and the spec
ulation was of but little interest Except
in Sugar, St Paul and Chicago Gas. the
sales did not exceed $500 shares in any
single stock and but one reached that fig
ure. The arbitrage business was small,
owing to the fact of it being Jewish hol-
iday, which kept many OF the leading op-
orators off :he market, both here and in
London. At the opening the market was
heavy and a small fraction lower but
there was quick recovery, after which
the dealings became irregular aud dizziness
was the prevailing characteristic of tue
situation up TO midday. In the early
afternoon selling movement OF small
force set in under the Influence of which
prices again declined. About l o'clock a
rally took place, prices being well main
tanned until shortly before the close, when
another reaction took place. the market
closing weak and generally at decline
from the closing features OF yesterday.
Sugar led in the transactions aud was III
demand to cover short contracts, the bears
having taken alarm at the cable advices
reporting the German sugar trade to
have been ruined by the protection
clauses OF the new tarlf bill.
These purchases sent the stock up
2I4 per cent to s4sI per cent,
but in the latter dealings there were fairly
free offerings of the SHARES, causing re-
action to S23t per cent, which left ouly Is
per cent of tue gain. The preferred stock
scored an advance OF Il per cent. st.
Paul was the most active of the railway
list aud under sales by London and the
traders, induced by the heavy decrease in
earnings for the first week in October. re-
coded per cent, closing at that low
point. The other grangers were not
largely dealt in, and moved in n narrow
range. Burlington standing unchanged on
the day and Rock Island and Northwest
losing Is per cent aud ( per cent respect
lively. After AN open decline OF Is per cent
in Chicago Gas, the recently formed
bull pool in the shares set to work TO ad-
vance the stock and sent 1t up Ia per cent
to 7il per cent. the movement culminat-
ing about delivery hour. Lack OF sup
porting orders and some realizing sales re-
suit ed in loss of y per cent. at the close,
the efforts of the clique being rewarded
with q net gain of q per cent. Western
Union was not prominent in the transac-
items until after O'Clock, when upon
the publication of the annual report. which
was generally regarded untavorable,
drive was made on the stock which caused
n depreciation in its value OF Is per cent
from the best price of the dsv. The Cordsge
stocks were marked down 235 per cent. Oh
the common ami per cent on the pre-
ferred, on the liquidation Of a long &C
count There Is no news touching the
company TO account for this decline and
the last prices made were at recoveries of
IL per cent aud q per cent respectively.
Lake Erie and Western preferred aud st.
Pau and Omaha preferred each declined l
per cent on the day, the other losses being
In the smaller fractions. National Lin-
seed rose 81 per cent on sales of 800 shares,
Delaware and Lackawanua recording an
advance of ~ per cent. Great Northern
preferred anu Bay State Gas each per
cent.
The bond market was irregular on a
moderate volume of business, the total
sales being $4,000. The changes in
prices on the days transactions are mainly
confined to fractions. The only import
ant movements being advances of per
cent in ST. Paul firsts,. sour Invest division.
and Toledo aud Ann ArbOr firsts; J. per
cent in Northwest cousols s-veus anu per
cent in Louisville AMI New Albany general
fivrs and Toledo, Peoria and Wesie rn
frsis. Declin-s-BrUokly elevated tirsts,
per cent; Kansas and Texas seconds and
Uunit-d States cordage iirsts, l per cent;
Minnesota and St. Louis seconds sold at
IL J., Der cent