The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-08-04

e cH~nSers busy "eeA -~t~t"~
Manipulation of Sugar Continues-van-
derbilt, Gould and Cordage shares
Prominent-Bonds.
New York, Aug S.-The tendency Of
speculation today was in the direction
OF higher prices Reflection over
night seemed 10 have changed the cur
rent OF opinion regarding the specula-
tive situation, so far as u may be gov
ernei by the expectation OF gold. and
yesterdays shipments were not view
ed with any alarm IN view of the now
well authenticated fact that the bond
syndicate has resources OF supply up
on which they can draw 20 reimburse
the treasury for any losses 10 the gold
reserve fund due shipments 20 Europe
The opening prices were practically
unchanged but a bear raid on Sugar
early sent the stock down a fraction.
The general list was not depressed and
Sugar quickly sold up 20 lis per cent
which is la per cent above last nights
closing. with a final reaction of X per
cent leaving a net gain OF y per cent
Other stocks traded in moved up. no.
tally Chicago Gas, Rock Island and
Consolidated Gas, but in the late trad
ing reactions caused a slight reaction.
breaking "a per cent and closing l.
per cent above the lowest The market
closed firm with prices generally A6s
rs per cent above the closing sales OF
yesterday.
The volume OF business this week
shows a slight increase over last week
and the trading was more distributed
An unsettled tone, however. character
lied the dealings and the market wac
mainly in the hands Of the profession
ais. In the early operations the gran
gers displayed marked strength and
touched the highest figures OF the
year. the advance being stimulated
by favorable crop advices. Later IN
the week less encouraging reports OF
the wheat and corn crops caused
change of sentiment which induced re-
aliZation and sales for the short ac-
count and a lower range OF values was
esta hlished. \ rally was made In the
final dealings and the net changes were
slight except that Burlington Is down
per cent and st. Paul preferred Is
up S1s per cent. A very large business
was done in Sugar. which was moved
solely by clique manipulation The
Vanderbilt and Gould stocks We're
bought on the strength OF the expected
maintenance of rates under the Trunk
Line agreement and the anticipated
large grain crops. The Cordage shares
ment that the plan OF reorganization
OF the Waterbury committee was de-
clared operative and that a majority
Of the bonds and the greater part OF
the stocks have been deposited with
the company. on the rise there was
some profit taking which brought
about reaction but the shares closed
o per cent higher for the guaranteed
II. per cent for the preferred and 4
per cent Tor the common. The an
nouncement by the management OF tbs
United States Leather company that .
new issue OF stock to the amount q
s, 600 600 was to be made. exertesi an
unfavOrable influence on the preferred
stock Of the company. which had adj
vanced l per cent and which broke
3 per cent, 70 So per cent: recovering
IL per cent in the final dealings. The
week closed with prices generally high
er. The total sales were l. 40. 600 shares
The bond market today was quiet
but firm in tone. sales agsreEating
$3.50. 600
The bond market for the week was
moderately active and generally strong
total sales being 1859 600. The more
important gains were. Iron Mountain
guaranteed per cent: Colorado Mid
land frsts 5 per cent: Atchison fours
AZ per cent; Northern Illinois firsts
per cent and Tennessee Coal frsta.
Tennessee division ~ per cent. Kansas
City and Omaha fives declined i4is per
cent and Missouri Pacific collateral
:iyes s per cent.
Government bonds were quiet and
slightly easier with sales OF 81. 600
state isues were dormant. the sales
being only 81. 600.
The only sale OF silver certificates
was $4,000 al eSEs cents.