The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1894-10-04
SUGAR LED AGAIN
THAT STOCK PLAYS a LIVELY SEE
SAW WITH BUYING ACTIVE
Sales in Big Majority Of Days Trans
actions. closing Slightly Better
Insiders Considered to Have Ma
nipulated the Stock-War Iiur,ors

NEW YORK. Oct. 3-Again tolay was
Sugar the leading feature of the stock -x-
change speculation. the sales Of the stock
reaching the heavy total of lS9, coo shares,
which exceeds the combined Transactions
IN all other stocks dealt in by several
thousands. After AL opening break OF g
Der cent. Sugar came into good Buying de-
mand for the short interest. and rose 25s
per cent. Free supply of stock Offering
suddenly checked the upward movement
and bear demonstration was made which
sent the price back TO s3S. per cent.
The depression was but temporary
ard a report that an inside in
terest had decided TO support the
stock until some of the present short
interest had been shaken out, seemed To
be verified in the strong buying which
took place. sending the stock up To So,
Per Cent. The high figures Induced a.
other drive which resulted in Il loss of 25s
psr Cent. the shares touching So Pee
cent, and at the close raliyin.sto So per
Cent, being gain OF per cent on the
day; sugar preferred advanced Is per cent
There was 10 development to account for
the heavy Trading III the shares and the
street was without news affecting the trust
so that II l. not unlikely that insiders Gu
gagged in Ii game of manipulation which
may be understood after it is played
TO flush. Purchases to cover
short contracts in Chicago Gas
sent that stock up IS per cent in the early
trading, but sople large orders to sell at
the price brought about a reaction which
was helped along by the bear traders aud
break of % per Cent was affected before
ii O'Clock. Al this point fresh covering
caused rally of s per cent. OF which S
per cent had been iust ut the close, the net
net decline being 3 per cent. The rest OF
the industrial group was comparatively
neglect ed. and moved within nHrrow linn
its. Rubber on sales of hundred shares
declined Il per cent. Lead is down per
cent. and Cordage 3. per cent. while Dis
tilln2 Is = Der cent higher
The railway list was depressed at the
opening by selling movement in Amer
lean securities on the London stock eX-
change. due to the reports of strained rela-
lions between Englsnd and France over
the Madagascar question. 1t did not take
long, however. 10 discover that there was
nothing in this scare. and the market took
on firmer tone, the early declines being
recovered, aud, in most cases, a higher
range of values being established. When
the heavy break came In Sugar the general
list reacted in sympathy. but quickly rail-
lied. During the afternoon the trading
was light and the movement irregular,
upward. LII the late dealings = slightly
better tone prevailed and the market
closed barely steady.
Declines have been made of / per cent
in Delaware and Hudson, Pittsburg c. c.
g. st. Louis. aud American Gable; | y per
cent in Erie preferred and Manhattan, II
per cent In Baltimore and Ohio aud per
cent in Louisville IS New Albany prefer
red. In the grangers, st. Paul and North
west are unchanged, Rock Island is down
Ia PER cent aud burlington IL per cent
higher Some few shares have made gains
of a fraction and Lake Shore aud Long Is
land traction have risen per cent The
bond market was active but generally
heavy and closed weak. The sales aggre-
gated S1,221, 900, east Tennessee Consol
Old Elves being most prominent III the
dealings.
The changes on the day ar. mainly frac-
tional aud as Ii rul. are in the direction of
lower prices st. Paul seconds as declined
81 per CENT, Duluth South Shore and At
j"utic lives y per cent. Oregon Naviga-
ton tives trust receipts IL per cent, New
York Central debenture tours Is per cent.
Louisville and Nashville unified fuurs IL
per cent, St Louis rnd San Francisco gem
eral fves aud Oregon Short Liue SKIES
per cent, and Oregon Short LIue consol
lives per cent.
Advances-St. Paul, Chicago and Mis-
souri, River fives, East Tennessee cousol
old fves, union Pacific Sinking Fund
eights and Richmond and Dauvilie
stamped tives, per cent.