The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1894-09-27
MADE NEW RECORD
DISTuLERY STOCK GOES LOWER
THAN EVER BEFORE.
Outside Holders Very Uneasy Over
Reports Of Receivership and That
President Greenhut Had Made
Unfayorable Admissions
Common American Su-
gar Stock Crosses
same Preferred
on Report of
Refueries.

made by DI>tilllng today, that stock being
marked So per cent, the lowest touched
previously to having been Q per cent One
OF the leading brokers employed by the
trust officials in their operations on the
stock exchange was u heavy seller of the
shares IN the morning and be bad large
following among the room traders, the
combined sales sending The stock down TO
per cent before noon. The short interest
covered some of their outstanding con-
tracts at this figure, possibly believing
that, as before. it would bring outsiders
to the Rescue. and rally of y per cent
was made: but the recovery was
merely temporary aud on a renewal
of the selling a reaction TO So per cent
took place. Good buying was met at this
point which resulted in q recovery Of 3
per cent, which was subsequently, lost AID
the stock closed within per cent Of the
lowest point touched Unfayorable
rumors regarding the company were cur
rent all day, such as that recsivership
was imminent. and that President Green
hut had admitted that no progress WAS
being made toward adjusting the com-
psny's finances. causing very uneasy
feeling among the outside holders OF the
shares.
The common stock of the American
Su gar company, which has been gradually
IN owing back toward the preferred shares.
crossed the latter today, selling down to
944 per cent. This has not happened in n
very long time and is due to
the report. subsequently denied. that
sll trust refineries are TO be closed down.
The early decline IN Sugar common WAS
rs per cent, of which II per cent had been
recovered AT the close. Sugar preferred
lost per cent on the day and 94% per
cent was bid for both at the close. Further
hquidatious took place today in Reading,
which WIS largely for the Philadelphia
account and entirely due TO the poor
ception which has been accorded 10 the
OIcott-Esrle reorganization plan by many
holders of the stock and bonds OF the
company In this city as well as abroad.
During the morning very little WAS done
in the stock and the price was fairly well
maintained, but after midday the selling
orders came in to the EXcha nge in bulk,
breaking the price 2 per cent from last
nights final dealings. limiting the loss on
tie day TO Ia per cent.
The movement in the Changers was ir-
regular, the buying for the short account
i'll the early trading causing fractional
improvement, but during the afternoon.
especially after delivery hour, there was
sharp selling in the shares, with declines
from the top figures of the morning OF rs
per cent in Burlington, y per cent in 81.
Paul. Is per cent in Rock Island and Il per
cent III Northwest. st. Paul and Rock
Island closed y per cent above the bottom
aud Burlington q per cent. Chicago Gas
stands unchanged from yesterdays clos
ing, having fuctuated within limit of -
per cent. Rumor was silent about the gas
company for once London sold some
small lots of Louisville and Nashville
without making much impression thereon,
but in the general depression OF the after
noon the atock eased of = per cent. rally
ing 4 per cent at the close. The cordage
issues were unfa-orsbly Influenced by the
withdrawal from auction sale of 1880
shares of the guaranteed stock, supposed
to be some of that which was recently
knocked down at 9 per cent. The common
stock broke Il per cent, and the preferred
% per cent, while the guaranteed was Of
fered down to 53 per cant, against the last
sale of the board at 60. In the rest of
the list the dealings were light and the
market generally heavy. Atcbison lost
] per cent and recovered g per cent
Cotton oil preferred Is down per cent;
Pittsburg c. c. C.. ST. Louis preferred and
Erie preferred, IL per cent; Toledo and
Ann Arbor. Missouri Pacific and Cheses-
peake ana Ohio. rs per cent. New York
Central rose = per cent on the declaration
of the regular divided but lost II per cent.
National Linseed shows a gain of l per
cent. Central Pacific = per cent and IA few
other speculative shares n small fraction.
Speculation was weak nj the close.
The bond market was weak all day on n
moderate volume Of business, sales aggre-
eating S997 500. L he Reading and Atch-
ison issues were most largely dealt In and
were also the weakest OF the list. Read
ing A. show a loss Of IL per cent: do. first
preference, e per cenT. do. seconds. 81 per
cent and d.. thirds per cent. Atcbison
As are of = per cent aud do. seconds ] =
per cent. Inc other important losses are:
Kansas Pacific consoss. per cent; Pitts
burg aud Western, firsts. per cent;
Brooklyn City firsts and Wabash seconds.
IA per cent; Baltimore ard Ohio. D,
Northern Pacific consols. 81 and Toledo.
Ann Arbor and Grand Truak. frsts, ] per
cent Sorae OF the securities traded in Zee
crded advances includinQ: lake Shore
seconds registered and Georgia Pacific first
trust receipts, Der ceDt.