The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-06-23
ENDS AT DECLINES
STOCK MARKET OPENS LOWER AND
CLOSES IN WEAKNESS.
Sugar II Attacked In tho Last Hour and
Sales--Activity Of Low-Priced Shares Ii
One Of the Weeks Features--Pullman
Jumps for JOY on the Adjournment of
the Illinois Legislature--Bond Trading
for the Week Light but Strong--Govern-
ment Bonds Neglected.

New York, June 22.-The stock mar
ket opened with a fair degree of ami
nation today but prices were generally
fraction lower. New England, how
ever, was strong and an advance of
per cent was noted. Up to IL o'clock
speculation presented but few features
of interest. During the last hour the
market was heavy and the bears made
a determined attack upon Sugar, which
broke per cent under heavy sales.
The general list also yielded fraction
while New York Central and Tobacco
declined rs per cent and Susquehanna
and Western preferred 1 per cent. In
the specialties, Duluth, South Shore
and Atlantic preferred advanced per
cent and Chicago and Alton sold up to
1591h per cent against $50 per cent the
last sale. AT the close, however, only
153 per cent was offered for the stock.
The market closed weak and generally
1sG2Hs per centlower.
A feature of the trading during the
week was the unusual activity and
strength of the low-priced shares. Fa-
vorable reports were received touching
many Of the these properties and the
dealers looked upon them as affordlng
opportunities for making greater pro-
fits on the bull side of the market than
the higher-priced stocks which had al
ready appreciated largely. Pools were
formed to purchase several of these
stocks. The adjournment of the Ill
inois legislature was regarded by friend
of the Pullman corporation as a Ia
vorable incident, inasmuch as 1t pre-
cluded any unfavorable action against
the company for the present. On this
point the stock jumped 81 per cent. to
17Sa per cent. The subsequent call for
a reassembling Of the legislature gave
rise TO talk of possible unfavorable
measures being promulgated and the
price receded to III per cent. The gen.
eral market was irregular and the ac-
tive list shows losses on the week. The
more important changes are: Declines
-Susquehanna and Western preferred
and LaClede Gas Az per cent; LaClede
Gas preferred per cent; Ohio South
ern per cent; Sugar 3$s per cent;
Northern Pacific preferred 25s per cent
and Erie preferred per cent. Advances
Chicago and Alton 9h per cent; Ten
nessee Coal AIS per cent; Colorado Fuel
per cent; Wheeling and Lake Erie
preferred 81 per cent; Wheeling and
Lake Erie common rs per cent; Cincin-
natl, Cleveland, Chicago and st. Louis
preferred 3A per cent; Minnesota Iron
2$s per cent; Minnesota and st. Louis
second preferred, Kansas and Texas
preferred. Long Island Traction and
Duluth, South Shore and Atlantic "a
per cent; do preferred 3h per cent. and
Lake Shore, Missouri Pacific and Hook
ing Valley preferred per cent. The
sales of the week aggregate 1.47S,OO0
shares and 155 stocks traded in.
The bond market was dull the total
sales being only 761 900, but the trad
ing was firm in tone and prices general
ly advanced.
The bond trading during the week
was right light in volume but the mar
ket was characterized by considerable
strength. Advances were as follows:
and Western general fives
6 per cent; Mahoning Coal fives 51a per
cent; Northern Pacific scrip per cent;
st. Louis and San Francisco trust fives
and Oregon Improvement Consol fives
AZ per cent: Dies Moines and Fort Dodg
2h's 4S per cent; Tennessee Coal firSts,
division, and Long Island
consol fives per cent Pennsylvania
four halls red Az per cent; st. Joe and
Grand Island firsts trust receipts 3A
per cent; Cincinnati, SanduSky and
Cleveland firsts, st. Paul and Duluth
seconds and Virginia Midland general
3 per cent. Declines-Union Pacific CO.
lateral trust AIS, trust receipts Az per
cent; Missouri Pacific trust fiveS per
cent and LaClede Gas fives 8 per cent.
The sales Of the week were $11 ,665, 900
and 2S2 bonds figured in the dealings.
Government bonds We're neglected,
the sales reaching only $4,000. State
securities in small demand, sales only
$50, 600 The sales of silver certificates
were $4,000 at 81.