The Washington times., 1894-04-17
MARKET WAS QUITE ACTIVE
Sugar and Chicago Gas Were the Feat
ures of Speculation.
PRICES SHOWED AN ADVANCE
Better Trade Prospects Supposed to be Re-
sponsible for the Large Purchases in
STRAIGHTFORWARD Rumor Had Something
to Do with the Dealings in Chicago Gas.

New York, April 16.-The feature OF the
speculation at the opening of business this
morning was Sugar. and this stock monopo-
lized the dealings up to noon, the rest oil the
list being stagnant. The stock was bought
by the same brokers who manipulated the
deal on Saturday, and presumably for the
same clique. Buying was quite brisk, and
within less than three-quarters OF an hour an
advance of % per cent. had been estab-
lished.
As usual. the probability of a change in the
tariff bill more favorable to the reflners was
claimed to be the motive for the improve
ments, but it was not unlikely that better
trade prospects had good deal to do with
the advance Before II O'Clock the purchas-
ing movement had lost its force, and the price
began to sag off gradually. the last sale being
made at a figure "a below the highest point
touched leaving only gain OF q on the day
After midday Chicago Gas jumped into
prominence on heavy purchases based on a
report that the attorney general OF limos
had decided not to institute the quo warranto
proceedings An advance of 394 per cent. was
quickly made before there was time to inves-
tigate the statement regarding the attorney
when such a rumor was started inquiry re-
suited in the discovery that the story was
without foundation in fact, but the stock was
well supported and in the subsequent deal
inGs only IL per cent. of the Improvement
was lost, the closing price being IL per cent
higher than the last sale made on Saturday.
The strength OF the shares was largely due to
covering by shorts. who had put in some long
lines last week and who feared the effects OF
a disposition of the litigation favorable to the
gas company. The advance brought out very
few realizing sales, which indicates that the
shares are in strong hands.
At the close the tone of speculation was
heavy. and compared with Saturdays closing
prices were irregular, the changes above a
fraction being decline of 21s in Hooking
Valley, IL in Duluth, South Shore and Allan
tic preferred, and IL in Minneapolis and st.
Louis preferred and New York, New Haven,
and Hartford, and an advance OF - in Sugar
preferred, and 4 in Delaware, Lackawanna,
and Western. Pennsylvania Coal sold at 80,
against 800 the last previous sale.
The railway and miscellaneous bond market
was active. but rather weak all day. although
some shares scored gains. The principal
changes are as follows: Declines-St. Paul. NJ.
and NJ seconds. %; Flint and P. NJ, Port
Huron division 5s, 2; Peoples Gas and
Coke Company of Chicago firsts, consols, 155ss
Northern Pacific thirds and Reading firsts
preferred, each IL Chicago and Northern
Pacific firsts and Ohio Southern As, each per
cent. Advances - Pittsburg and Western
frsts. 21; Canada Southern seconds. 1A; Illi-
nois Central As of 1858, rs; st. Paul gold Is
and do. II. and D. Is. each per cent.
Houston and Texas Central firsts receded
per cent, subsequently rallying IL; Toledo
and Ann Arbor 6s were 63 bid, against 81, the
first sale on April 5.