The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-01-24
IT GOES BEARISH
STOCK MARKET HAS MORE ACTIV-
ITY TO 1T, HOWEVER.
Opens Weak and Lower and Runs Down
wayd Until Near the Close-American
Securities Heavy Abroad and London a
Big SelIer-Large Liquidations of Re
ceivership Stocks-Shorts Come in for
Their Share at the Low Point and the
Last Half Hour is strengthening
Lower Than Ever.

Lower Than Ever.
New York, Jan. 23.-The share specu-
| lation today was more active than for
some time past but the transactions
were mostly on the bear side of the
market. The market opened weak and
lower and except for feeble rallies
about 1880 and l o'clock the swing of
prices was downward up TO the begin
ming Of the last half hour. London was
heavy seller in this market and the
foreign advices reported American Sc
curities abroad heavy in tone. a bear
selling movement was set in progress
and there was large liquidations of
long accounts in the receivership stocks
and others of the active list, including
the coalers, Missouri Pacific, Chicago
Gas and Southern. About delivery
hour prices reached the low point of
the day and this time the more import
ant losses from yesterdays closing, or
when advances We're made in the early
trading, the best figures Of the morn
ing Were: Reading, 2l2 per cent; Mis-
souri, Pacific, 2H per cent; Baltimore
and Ohio, Lake Erie and Western pre-
ferred and Oregon Navigation and lii
nolS Central, per cent; Lead, Us per
cent; New Jersey Central, Is per cent;
New England and Canadian Southern,
II per cent; Chicago Gas and Leather
preferred, rs per cent; Delaware and
Lackawanna, IL per cent; Southern
preferred, Northwest and La Clede
Gas, l per cent; St. Paul, Rock Island
and Manhattan, q per cent; Delaware
and Hudson, Susquehanna and West
ern and Burlington, 3, per cent, and the
rest of the list A&1s per cent The low
figures made induced some buying and
the shorts began to take part of the
profits of the decline. Both factors
combined to make strong market dur
ing the last half hour and rallies were
made ranging from Il per cent to Is
per cent, the latter in New Jersey Cen
trail and Missouri Pacific. In the final
trading New Jersey Central reacted Is
per cent and few other shares lost
kQas per cent but the market gen
orally closed firm to strong, although
at prices below yesterdays last sales.
Sugar moved independently of the rest
of the market, opening unchanged. ad-
vancing Il per cent, reacting u per cent,
selling up rs per cent and finally re-
acting u per cent, leaving gain of
y per cent on the day. Louisville and
New Albany preferred shows similar
improvement and Union Pacific is I'M
changed. Reading reached lower
level than ever before SA per cent.
Northern Pacific also broke the low rec
ord, dropping to 3 per cent, and the
Cordage at 5$s per cent and S12 per
cent are also at bottom figures. North
west at 943s per cent is below the low
est figure of last week and the Southern
Shares made the low point also. Sew
eral other stocks were forced below
any previous prices since the opening
of the year, including Missouri Pacific,
Canadian Southern, Northen Pacific
preferred, Chesapeake and Ohio and
Lead.
Bonds developed the same character
istics as that which marked the trading
on yesterday. There was slight in
crease in the volume of business ac-
companied by a steady drop in values.
The aggregate sales were S1194,000