The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-01-16
1T CHANGES LITTLE
STOCKS FEEL THE P0STPJNEMBNT
OF THE POOLING BILL.

Prevailing Tone That of Depression--Or-
ders Are Extremely Shy. Foreign Trad
Averse to Taking Hold of Either Side of
the Market--Chicago Gas Very Weak,
but Highest at osing--Grangers Start
Weak and Give Way Altogether Under
| Pressure to Sell.
| New York, Jan. 15-It was dull and
undressing day on the stock ex-
change and the change in prices on the
days transactions are Insignificant ex-
cept in the cases of a few of the spe-
cialties. The commission houses com
planned Of the absence Of orders, the
foreign trading was light and was on
| both sides Of the market and the local
traders were not disposed TO operate
extensively on either side of the mar
Eet. The prevailing tone was depres-
sion and the chief cause was the post
ponement by the senate of the con-
sideration of the pooling bill. At the
opening the market was generally firm
with Louisville and Nashville, Denver
N~@~NN
and Western displaying most strength.
The last named stock was advanced y
per cent in the early trading on the
report that a dividend would soon be
declared on the common stock of the
company which would have the effect
OF breaking the existing voting trust
under which directors are elected by
the preferred shareholders, and giving
the control to the common
stockholders. Chicago Gas was
exceptionally weak on heavy sales in
duced by the legal complications which
nave grown out Of the effort to change
the control of the company. The stock
opened at a decline of rs per cent and
a further break of per cent in the first
few sales. A brisk covering movement,
however, quickly followed, causing a
rally of II per cent. After the first
fifteen minutes a general reaction took
place led by New Jersey Central with
loss of rs per cent, but there was a
prompt recovery in which Burlington
and st. Paul were most prominent
During the second hour Sugar was sold
down 70 per cent and a few other
stocks moved back, including Iowa
Central preferred which fell off 1 per
cent; Denver and Rio Grande at this
time rose l per cent and New Jersey
Central and Cleveland, Chicago, Gin
cinnau and st. Louis each q per cent,
while National Starch first preferred
jumped 5 per cent to As per cent Soon
after midday the Changers which had
shown signs of weakness in the morn
ing, gave way under pressure of sales
and declined, the losses from the early
high point being IA per cent in North
west; rs per cent in Burlington and ST
Paul and q per cent in Rock Island.
Wheeling and Lake Erie preferred
broke 21s per cent and there was very
general decline of fraction except in
st Paul and Duluth and Metropolitan
traction which rose 21s&11s per cent
respectively. In the late dealings
Chicago Gas was bought to cover short
contracts and touched the highest
point of the day at he close. The gen.
eral market was well held in the final
trading and closed steady. Compared
with yesterday the last prices made
show short losses of fraction in a
majority of the active list and Iowa
Central preferred is down 1 per cent
and Wheeling and Lake Erie preferred
IA per cent. Denver and Rio Grande
shows gain of 1 per cent; Metropoli-
tan Traction liz per cent; ST Paul and
Duluth 21s per cent and a few other
specialties a fraction.
There was a firm tone to the trading
in the bond market during the day,
but the aggregate of sales was some
what lower than Yesterday