The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1894-12-30
THEY RUN TO COVER
SHORTS GIVE THE STOCK MARKET
A TONE OF FIRINE.S
Renewed Attack on New Jersey Cen.
tral-Gas aud Cordaye Stocks Al
vance-Grausers Among the Chief
Gainers-Ma-ket Closes Decidedly
Stroug-Week's Features.

New York. Dec. SIT was a very ssr,a
ana undressing market on the Stock
exchange today. The general tone OF
speculation was one OF Ermness, which
was due 10 the Inauguration OF a covering
movement. the shorts being DESTROYS OF
closing OUT their contracts There was
some Small buying for the foreign account
anu some sisn, local buying for the long
account The market opened a fraction
higher. and was held firmly until = re-
newal or the war upon the New Jersey
central forced that stock. which had adj
Nanced : per cent In the opening trading.
down per cent. 10 ss& per cent. The
rest or the list was not affected nv the
raid. and IN fact some of the snecsaii;ies
made material gains during the progress.
notably Bay State Gas, Laclede Gas pre-
ferred and Cordage guaranteed. When
the selling of New Jersey Central lost its
force. the shares quickly rallied and ar
the close had regained Il. per cent OF the
carry decline. making gain on the day
or y per cent. Chicago Gas was In good
buying demand throughout Closing al
the best hgure touched and l per cent
above yesterdays final sale. Reading
was very scarce IN the loan marked ana
after an early decline of Il per cent
rallied y per cent. closing a Per cent
below the highest. In the late dealings
closed at or about the best OF the iav
the chief gains being Cordage Guaranteed
20 Pet cent, SoruaSe preferred ia per
cent; Cordage common Is per cent: To-
bacco per cent and the Grangers IS7S.
cent.
one of the features of the trading dur
ing the week was the persistent diva
against the Coriage shares. The NAL
sales OF last week were: Common. ! per
cent: preferred. In per cent: guaranteed.
~ per cent At the low point OF this
week. the common had declined Is. per
cent; preferred. tis per cent TO sis per cent
and guaranteed 6is per cent TO lea rer
cent In the later dealings the shares
rallied and the guaranteed is the only one
OF the group which shows a material loss
on the week. Compared with last Sarur-
day, the guaranteed Is of > per cent The
nrSt mortgage bonds were also depressed
during the Week and sales were made az
- per cent, sellers 90 per cent and 90 per
cent regular against eSi. per cent las,
saturday. Subsequently, the price was
advanced 10 % per cent, which Is the cur
rent quotation. A drive against the
93Sa down o.. per cent to Gi1 per cent
Lackawanna DROPPED per cent from l6a
per cent 10 las per cent and Delaware and
Hudson S7s per cen, from lasSs per cent
10 10 per cent During the latter part
OF the week these shares were released
from pressure and made a quick recovery.
Lackawanna rcgatned y per cent. DSia-
ware and Hudson per cent and New
Jersey IL per cent. Sugar moved within
confined within a radius OF las per cent.
the stock showing a loss OF only IA per
cent on the week. The preferred is down
II. per cent. The total sales for the week
were 46e. 421 shares.
The trading In bonds today was light
the total sales being only siSs. 1000. The
course OF values was In an upward dt-
rection. but the appreciation WAS slight.
On the week. the changes In prices arc
IN majority OF cases toward lower
figures.