The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-08-30
TEMPTED TO SELL
RECENT ADVANCES IN STOCKS
MAKE PROFIT POSSIBLE
Occasion Il Improved BY Holders to Sell
and by Bears to Put Out Fresh Lines of
Shorts, Though No Concerted Raid En-
sues-Buriington's July Report Is Dis
eouraEins to the Granger Group-To-
bscco Confronts q Possibility Of Legal
PrOceedinss-Eond Trading Active, At
Higher Prices-Absorptiou OF Reading.

New York. Aug. e9-The large ap-
precautions in values OF the past few
days Offering temptation 10 realize
good prifits which were taken advant-
age OF today, and the bear element took
advantage OF this selling TO put out
fresh lines of shorts. There was no
concerted attack upon the market as a
whole for some Of the shares were well
supported and moved upward. The
July report OF the Chicago, Burlington
and Quincy railroad was unfavorable
and had a bad effect on the entire
Granger group. which. coupled with
London selling of St. Paul. had de-
pressing influence generally. The mar
ket was weak in the early dealings.
Tobacco being pressed for sale on a
report that the attorney general OF mis-
state contemplated an action TO declare
the trust Illegal a slight reaction oc-
CURED in the rest of the list. Before
long the leading industrials came in;o
good buying. Sugar rose IL per cent.
Tobacco made a similar gain on the
failure 10 confirm the rumor OF the at
torney generals proposed action. Ten
nessee Coal sold UP IL per cent. The
Cordage shares also advanced 1ieea2i =
per cent. Pacific Mail rose IL. per cent
on buying orders by the rumor OF a
settlement OF its differences by the
Pan-American Railway company. In
railway list the only change of import
ance was a break of .. per cent IN
Rio Grande Western preferred In the
second hour of business the selling oil
Tobacco was renewed and a reaction OF
"a per cent ensued. The & eneral mar
ket also became weak and sagged on
1aM1 per cent, the latter in CordaSe
guaranteed and Erie Telegraph Short
" after midday the declining tendency
was checked, Sugar selling up 2 per
cent; Leather preferred and ConSoli-
dated Gas IL per cent: st. Paul and
Omaha. rs per cent; Minnesota and ST
Louis seconds preferred. Us per cent;
the Changers, sal per cent. Toward
delivery hour Tobacco was again at
tackled and lost "a. per cent. and the
general market became irregular and IN
the main lower. Sugar receded lls
per cent; New England, Ia per cent
and ST. Paul, Pacific Mail. Leather
preferred and Consolidated Gas 1 pei
cent. In the final trading Tobacco raj,
lied 1h per cent; Michigan Central
rose l per cent.
Trading in bonds was active and
higher prices We're established The
speculative issues were a bsorbed free
~, particularly the Reading lines The
aggregate sales were S4.099.0oo. The
more notable gains are: Cordage small
bonds, 71s per cent; Cordage small
bonds first trust receipts, l per cent
Denver and Rio Grande fives, Pa pei
cent; Kansas Pacific consols, rs pei
cent; Kansas Pacific trust receipts, Ia
per cent; Toledo, St. Louis and Kansa:
City first trust receipts, Ia per cent
Rochester and Pittsburg consols, Erie
fourth extended and Reading Tours, IL:
per cent; Rochest and Pittsburg con
soils, second incomes. per cent; Roch
ester and Pittsburg consols. third IN
comes and Union Pacific, Denver anC
Gulf firsts. IA per cent. and C. {.
and l., general: Hooking Valley fves
Illinois Central tours of 1898, 1nterna
tional and Great Northern firsts. Kan
sas and Texas seconds, Louisville
Evansville and st. Louis consols nves
Terminal Railroad association or ST
Louis consols fives. Union Pacific sink
ing fund Fights and Wisconsin incomes
per cent Declines: Erie secont
consols. stmped. q per cent, and Louis
vile and Nashville W. Z H., and N
frStS. ga per cent