The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1894-09-29

NEW YORK. Sept. 2S-The stock market
was Irregular throughout thu day with
the general tendency In the direction of
| lower prices until late in the afternoon
when shares had reached about the lowest
level. AT this time a good buying move
ment set in which brought about a recovery
In most OF the issues traded in and some
| shares advanced on the day Sugar and
Chicago Gas were the speculative features,
| and the first named being by far the most
prominent in the transactions. At the
opening Sugar receded i per cent and
quickly advanced e per cent. but the
offerings We're 80 heavy as TO
| check the rise promptly and under
free selling. which was continued
during the morning, a break of "a per
cent was effected. The shares were I4irly
without support and both long aud shorts
were alike sellers. During the esriy after
noon. rallies aud reactions folio wed in sue
cession but il was not until after O'Clock
that a well defined advance set 10 by pur
chases of large blocks of stock and lust De-
fore tue close of 81 per cent was touched.
being gain of 21s per cent from the low
point or the moruIDg a reaction of = per
cent taking place at the close, leaving a
net Improvement of u per cent.
Sugar preferred. on lignC selling. fell
on L per cent, but recovered per cent
To va per cent. There was talk on
the street to the effect that the refining
company was getting ready TO compete
with importers of German beet sugar
when the new crop begins to arrive next
month and this was not calculated to help
the stock, but the shorts took alarm LATE
In the day and closed out their contracts.
Chicago Gas rose per cent in the early
dealings but on western selling. supple
mented by that of the local traders, n
break OF 2ba per cent was made before
noon. During the afternoon a partial re-
covery took place and in the late trading
an additional advance was made. the total
being rs per cent, still leaving u less of y
per cent on the day.
The Granger shares show declines on the
day of l Is per cent IN Burlington and go
Il per ceut in the rest of the group, de-
spite the fact that both Burlington and
st. Paul show gains in August net earn
ings. Burlington, however, made its in
crease wholly by lessening operating ex-
penses and ST. Paul makes the major part
of its gain in the same way, to which facts
are due the lack of speculative apprecia-
ton OF the company's reports. London
was buyer OF st. Paul in the early trad
Ing. The changes in the rest of the list
compared with yesterday are generally
slight Advances are shown in Cotton Oil
preferred, Tobacco common and preferred
lows Central and Del ware and Hud-
son, per cent. Louisville. n. A preferred.
81, aud Metropolitan Traction, 2H per
cent; Central Pacific and Manhattau adj
vanced II per cent; Cordage, per cent,
and Edison Electric. per cent; Brooklyn,
2 per cent The market closed strong.
The bond market was fairly firm, but
became easier in the afternoon. In the
late dealings, however, there was rally in
the more rctive issues. The sales for the
day We're $4,000. The principal changes
on the day were: Missouri Pacific consols
6s, advanced Ia per cent; Susquehanna
aud Western refundng Is, per cent, aud
st. Paul consols, Norfolk and Southern 5s
and Erie consols gold Is, per cent.
Decines-Union Pacific sinkin2 fund s.,
per cent; ST. Louis and San Francisco
consols IS, IA per cent, and Iron Mountain
Is, Ia per ceuu