The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1894-10-17

LARGE PORTION OF DEALINGS FUR.
NlSHED BY THAT STOCK
Activity and Upward Movement in
Sugar Stock Credited TO Inside
Manipulation-St.P Paul Stock Next
in Actisity-Light Touch on Gran
gers-Gold Export Cuts no Figure

NEW YORK, Oct. 16.-Nearly one-half of
the business done on the stock exchange
today in the shares Of he American
Sugar Refining company. Good buying
was developed in the stock in the early
! dealings, which was credited to pronIi-
nent iusider. The board traders followed
the lead thus given ard without any i'm
portant reaction. an advance of 2s! per
cent was recorded. the last being the nigh
est price of the day. Reports were put III
circulation that the sugar trade was i'm
proving a1d that the rehneries of the trust
would soon again be put in operation.
Il is not TO be said. however,
| that these reports bad any special
influences upon the course of the prices in
stock, the upward movement being purely
the result OF manipulation, 81. Paul Was
second in point of activity and during tie
morning WAS sold by London and the ira
ders, with the result OF decline of = per
cent which was later recovered, the nna.
sale, however, being Is per cent below yes
terday's.
The erangers were but lightly dealt in
and fiuctuated within limits Of 4 per cent,
Burlington gaining 4 per CEN aud Rock
Island - per cent ADD Northwest standing
unchanged on the day. There was brisk
selling of General Electric III the open
deals which were attributed to an iusider
and which broke the stock l per cent,
the full decline being recovered before
noon on the revival of the report that 1t Is
the Intention of the comDtny to shortly
reduce its capital stock. During the after
noon the shares reacted = per cent aud
rallied per cent at the close, Leaving
net loss of per cent. Chicago Gas
opened y per cent lower but quickly
moved up IS per cent, subsequently, re-
acting - per cent and rallying y per cent,
the latter fract iOn being the Improvement
on the day. Western Union Was in better
tone today than on yesterday and
moved up = per cent on small bus
mess, closing at the highest point
touched Manhattan recovered somewhat
from yesterdays depression and some Of
yesterdays sellers were buyers today but
there still remain some short contracts un-
covered. On the buying Of today II per
Cent gain was made, the closing sale being
at the highest price made. In The rest Of
the list very little business was doue, and
the tendency of the market was downward
during the greater part CT the day. The
gold export scare bad little If any Influence
on the market aud in the final dealings,
although The trading was Intensely ouil, a
good tone prevailed aud the market closed
firm. The more important declines on the
day not already noted are: Ia per cent in
Delaware aud Hudson aud Cordage pre-
ferred, Is per cent in Norfolk and Western
preferred, l1s per cent in Baltimore and
Ohic, and East Tennessee second preferred
II per cent in Wheeling and Lake Erie
preferred. rs per cent in Illinois Central
aud per cent in New Jersey Central and
Piltsburg. Cincinnati, Chicago and st.
Loui-. Distiiling. Atchison, Missouri
Pacific aud Northern Pacific preferred
closed at yesterdays figures.
A general easier tone prevailed in the
bond market during the early session.
After midday, however. the weakness WAS
more pronounced, particularly for General
Electric deb-nture 81, which sold down 80
per cent to $50 per cent aud finally closed
NJ 81 per ceut. A fair amount of bust
ness was transacted, the sales amounting
to 1855. 500. The more important changes
are:
Declines: Union Pacific gold 6s per
cent; Atchisop, Colorado aud Pacific l.,
aud Colorado Midland Is, Der cent;
Cleveland aud Canton Is, ia per cent;
Tennessee coal and iron. Birmingham Dr.
vision l., = per cent; Erie - consOl trust
receipts. T. per cent; Atlantic and Pacific
A., II, per cent and Kansas Psci tic cOnsols,
Manhattan consols A.; Milwaukee, Lake
Shore and Western Is; Oregon Improve
ment cousol D.; Richmond and Danville
equipments Us, aud Colorado Is, z per
cent.
Advances: Oswego and Rome seconds
per cent; Wa bash seconds Il per cent aud
ct. Paul Gold sevens and Toledo Ann Ar
Dor trsls, l per cent.