The Wichita daily eagle., 1895-06-30
FRIDAY DONE OVER
NOTHING NEW DEVELOPS IN STOCK
TRANSACTIONS
Speculation is Feverish and Unsettled and
tho Industrials Again Lead--Market
Closes with Industrials Generally Lower
and the Railway List an Even Break
Weeks History is of Early Tendency
Toward Higher Figures, to . Raid ON In
dustrials as Aforesaid, and Depression
of Nearly the Entire List-Bonds.

"a xNCAxiy tu0 AISL-bOuOSs
New York, June 29-The share specu.
lation today was feverish and unset
tied with the industrials again the lead
ers Of the market. There was nothing
new in the situation and the trading
was almost entirely in the hands of pro
fessional operators who made all posi-
BILE use of yesterdays disturbances.
At the opening Of business the market
was remarkably quiet, prices as a rule
recrding a general improvement. Wheel
ing and Lake Erie preferred and Tenn
essee Coal advanced each rs per cent
1t was not long however, before the at
tack on the industrials was renewed,
Sugar breaking 2K per cent, Chicago
Gas 35s per cent. Tobacco 27s per cent
and distilling rs per cent. The gener-
al market suffered to a lesser extent.
Before IL o'clock the downward ten
dency was checked by purchases to COW
er contracts, but there was quick re-
action on a renewal of the pressure
to sell and the recovery was moro than
lost. At the beginning of the last hour
there was a rally of k@1k per cent.
in which Tobacco, Chicago Gas, Rub
Der and Sugar led. In the final trad
ing, however, the bears again held the
mastery. Chicago Gas sold off 2 per
cent, Sugar, Tobacco and New England
1 per cent and Hooking Coal 11a per
cent. The market closed weak with the
industrials generally lower and the rail-
road list about evenly divided on the
day.
During the week there have been
some notable fluctuations in the share
list. In the earlier dealings the tenden-
cy was mainly in the direction of higher
figures, but during the last three days
determined raid on the industrial
group not only caused serious break
in these properties, but depressed the
entire list and most of the stocks dealt
in show declines on the week. Sugar
which started steady, is down IA per
cent since last Saturdays close, chief
ly owing to unfavorable trade reports
and liquidation by prominent opera
tor. Chicago Gas, on the veto of the
Lowenthal bill and reports of renewed
activity of rival concerns, coupled with
talk of temporary suspension of divi-
dends, led to a general liquidation, and
a deluge of stock was thrown on the
the bears adding largely to the
volume Of sales. AS a result the price
dropped to 81 per cent. Covering Of
short contracts sent the figures up to
64A per cent, but in the closing deal
ings the bears again put the figures
down to 60 per cent with a recovery of
only u per cent at the close making
the net loss 1875 per cent. The most
important changes in the prices were
Declines: Consolidated Gas and Mine
apolis and st. Louis second preferred
2k per cent; Tobacco 2ss per cent; To-
bacco preferred 2A per cent: Rubber
2A per cent and Ruber preferred 3K
per cent: Advances: New York, New
and H 13H per cent; Adams
Express SIS per cent; Metropolitan
Traction 2as per cent and Susquehanna
and Western preferred per cent
There was an absence of the previous
weeks strength in the bond market
during this week. The sales were $10,-
$4,000 and 271 bonds were traded in
Advances were established of 7Is per
cent in Toledo, st. Louis and Kansas
City firsts; AZ per cent / nOregon Short
Line Sonsols fives and per cent in Sa-
and Western firsts trust re-
,eipts. Chicago Gas firsts lost 6 per
cent.
Government bonds were featureless,
he sales aggregating but $4,000.
State securities We're neglected, only
'34 900 changing hands.