The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-08-27


cue-Sugar Under Pressure-Boods.
: New York, Aug. e6.-The week opened
on the stock exchange with an active
and buoyant speculation on the rail-
way list, the Granger shares being the
features of the trading. The buying
was exceptionally good and was well
distributed and the commission houses
were in receipt of a greater number of
orders to buy than for some weeks past
Among the causes which led TO the i'm
provement, the excellent character OF
the crop adviceS was most potent The
street also accepted the Erie reorgan-
cation plan as a factor for good for
the general market, as it is calculated
to encourage holders of shares in other
insolvent corporations 10 hope for a
speedy rehabilitation. The heaviness
of sterling exchange, the small engage
ments of gold for shipment 10 Europe
tomorrow and the belief that this
weeks expectations Of gold Will be
small. materially assisted in the stea-
dy upward movement OF values in the
railway shares. The last prices made
were generally at the best OF the day.
Chief among the gains are St Paul
is per cent; Rock Island rs per cent;
II
g per cent; New Jersey Central. Ia
per cent; Lackawana Ia per cent:
Delaware and Hudson ! per cent: Chi
cago, Cincinnati, Cleveland and St
Louis preferred 1h per cent; New
York. Chicago and st. Louis first pre-
ferred 1 per cent: New York. Chicago
and ST. Louis seconds preferred IL
per cent; Illinois Central l per cent;
St. Paul and Omaha 1is per cent: Peo-
ria and Eastern IL per cent and Great
Northern preferred pa per cent: Erie
and common and preferred Atchison
and New England advanced Is per
cent each. and Northern Pacific pre-
ferred q per cent. all four of the COM
panies being in the throes OF reorgani-
Zation. The Industrial groupe was
weak in the early dealings. Sugar
was under heavy pressure. due to an
other reduction in refined sugar and a
report that further reductions must be
made to compete with Germany. a
sharp break was made in the stock
followed by a rally in the covering OF
short contracts. a subsequent reaction
and a final rally in sympathy With the
buoyancy Of the railway stocks restric-
ting the net loss to Is. per cent. Chi
cago Gas after an early gain of per
cent reacted IS per cent and rallied
Il per cent. Tobacco broke 20 per cent
with final rally of a per cent. Leath-
er preferred, Illinois steel and Colorado
Coal were each down l per cent. Most
of the other Industrials are up a small
fraction on the day and Tennessee
Coal has made a gain of IL per cent
on a report that negotiations looking
to the advantage of the company We're
pending.
Bonds were active and strong. Erie
second consols stamped sold up 5i4
per cent. Chicago and Erie incomes
per cent; Chicago and Erie firsts IA.
per cent; Lincoln and Colorado firsts
pa per cent: Oregon Navigation fives
trust receipts 2z per cent; Origon
Navigation collateral fiveS trust re-
ceipts 1 per cent; SuSquehanna and
IVES tern Terminal firstS 2 per cent;
Atchison, Colorado and Pacific firsts
and Northern Pacific onSols Ia per
cent do trust receipts 1A per cent:
Atchison adjustment tours when issued
ia per cent Colorado Midland firsts
trust receipts IL per cent; Cordage
firsts trust receipts Ia per cent; st. Jo-
seph and Grand Island hrsts trust re-
ceipts Ia per cent: Oregon Short Line
6 per cent; trust receipts IL per cent
and Burlington. Cedar Rapids and Nor
thern fives and Chicago and Indiana
Coal fives. Minnesota Street Railway
frsts. Louisville and Nashville fives
Morris and Essex firsts and Rock Is
land debenture fives I per cent De-
clines-Ohio and Mississippi consol
sinking fund sevens pa per cent; Lake
Erie and Western seconds 2is per cent
and louisville and Nashville unified
tours l per cent The sales were 81
427 900.