The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-04-14
GAINS ARE GENERAL
STOCKS OPEN FIRM AND GRADU.
ALLY GROW STRONG,
to the Rule are few and Cnim-
Lea ther Shares Notably Strong--Hock-
ing Valley Down--Week's Business less
Active--Bear Raid on the COalers a
Marked Feature--LOndon Cuts Little
Figure--Susar Makes a Good Advance.
Government Bonds Unchanged.

New York, April 1S.-The stock mar.
ket opened quiet and generally firm
and gradually gained strength and ac-
tivity to a moderate degree, the up-
ward tendency continuing TO the close
except that late nthe dealings. some
! few shares made partial reaction.
There Were few unimportant excep-
| tons TO the advancing movement. but
the great majority OF the stocks traded
! in show gains on the days transactions.
The Vanderbilts were in good demand.
/ notably Lake Shore. New York Gem
| trail rose 1 per cent, closing at the
| highest price touched; Canada Southern
! IS per cent with a final loss OF i per
! cent and Michigan Central q per cent.
| The leather shares were especially
/ strong, the preferred advancing ) per
+ cent and the common 1244 per cent;
/ Tobacco 9S per cent; Cotton Oil - per
| cent: Edison New York 3f1s per cent
and Starch second preferred per cent.
Hooking Valley is down 3 per cent: and
a few other stocks smaller fraction.
The market closed in good tone.
During the week the speculation was
less active than for several weeks pre-
ceding. At the opening there was re-
newal of aggressive tacticts by the
bear operators, directed chiefly against
the coal shares. The drive against this
group was caused by a settlement of
the differences in the anthracite dis
tri,ct rumors of reduction in the diVi-
dend rates on New Jersey Central and
reports of an impending hitch in the
proceedings. which We're confirmed
later in the week. The reaction in the
coalers ranged up to AS per cent. this
Delaware and Hudson. The announce
ment OF a reduction in the rate of divi-
dend on New Jersey Central had an
effect other than expected and a rally
was made from 9l5s to 9iss per cent, the
rise being due in part to covering for
the short account. The unfavorable
character of the Burlington annual
statement, coupled with reports of a
Ike tenor of other prominent roads,
aided materially in depressing values.
London was not much of factor in the
weeks trading. Sugar suffered in uni
son with the rest of the list early in the
week but subsequently jumped from
99$4 per cent TO 1885 per cent, retaining
all but Is per cent of the advance. The
buying was largely on the covering of
short contracts. The Vanderbilt stocks
displayed considerable animation and
moved upward. The decision of the
mana cement of Chicago Gas to make |
the dividend on the stock per cent per |
.4flnunl ana the repeal or the Ogden Gas |
charter caused active buying and a |
rise to 70 per cent On realizing sales |
the stock fell to IFS per cent, closing |
at Y per cent. The Leather shares /
We're exceptionally strong. The COM |
mon advanced from lis per cent to |
14l@ per cent, and the preferred from /
so per cent to IS per cent. Sales for the |
week were 651, 451 shares and ia stocks |
We're dealt in. Changes in prices are |
mostly in the direction of higher val
ueS. Lake Shore and Linseed Oil 3I4
per cent: Michigan Central AS per cent;
Metropolitan Traction As per cent, and /
Starch second preferred 5 per cent |
Some few declines were recorded
The bond speculation today was ami
mated and buoyant for the specula tive
issues. the total sales being 81, COS, 900.
During the week the bond market was
in the main strong, the trading being
chiefly in the speculative issues. Sales
aggregated sS,4O6,O00 in POI bonds fig
ured.
Government bonds were quiet with
no material change in prices The az
gregate sales We're SSH, 600 State !
bonds We're fairly firm. the total sales
being $751;. 900. Silver certificates were
dealt in to the extent of $4,000 at
prices ranging from 66lla per cent TO 6S
per cent
When using DR. Prices Baking Pow
a W. Mir [