The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-04-12
STOCKS ARE STRONG
HIGHER RANGE OF VALUES GENER-
ALLY PREVAILS.
Dealings for the Foreign Account Limited
Chicago Gas Bought Heavily in the
Early Dealings on News of the Councils
Actjon--Contrary View. in the shape Of
An Attorneys Opinion, Prevails Later
Sugar One of the Most Active Stocks
Also General Electric General Market
Closes Steady and Higher--Bonds.


Closes Steady and Higher--Bonds.
New York. April 1.-THE Stock mar
ket was strong again today on light
trading, and a higher range of values
was established in most of the stocks
deal in on the Exchange. In view of
the closing of the board tomorrow and
of the London exchange from this after
noon until Tuesday morning. the trans
actions for the foreign account were
limited. The only stocks which were
at all active We're Chicago Gas, Sugar
and General Electric. The announce
ment that the new board of aldermen
of Chicago had repealed the ordinance
granting franchises to the Ogden Gas
and Cosmopolitan Electric companies,
which were antagonistic TO the Chica-
go Gas company, and the mayor had
approved OF the repeal, induced a hea-
Wy buying movement in Chicago Gas
in the early dealings which sent the
stock up is per cent. During the after
loon Chicago advices reported that the
attorney for the Ogden company held
the repeal TO be void as il would abro-
gate contracts which had been enter
ed into by the company and on this the
hquidating sales were made, chiefly to
take profits. As a result the stock re-
acted 1 per cent, closing at a rally OF
Ia per cent and Is per cent higher
than on yesterday. Sugar fiuctuated
between 103A per cent. which was l.
per cent below yesterdays final sale
The trading in shares was mainly con-
fined to the holders, who desired to
realize profits, and shorts who wanted
to close out their contracts over the
holiday. report originating in Bos-
ton to the effect that the General Elec-
trio and Westinghouse companies had
reached a basis of conference, induced
purchases of the stock after an early
decline Of IS per cent and moved the
shares forward & per cent. In the
afternoon trading a break of per cent
was made on the denial of the story
which led TO selling, a goodly part
thereof being for the Boston account
A final rally of Il per cent took place,
making the loss on the day u per cent
New Jersey Central sold down 3. per
cent in the opening trading, but a
covering by the shorts advanced the
shares is per cent. closing within "a
per cent of the highest. The Leather
shares made further gains, the common
19s per cent and the preferred per
cent. The general market closed very
stead and 1sM1A per cent higher on
the day, the latter Baltimore and Ohio
The other gains were merely fractional
Some few shares show losses, including
Cordage guaranteed IL per cent and
Wheeling and Lake Erie preferred and
Susquehanna and Western preferred 1
per cent.
The bond market was active and
strong during the day. Atchison
issues were the feature of the dealings
and on purchases aggregating s617. 900
the seconds jumped per cent, to 221:
per cent, and the tours rs per cent,
to 20 per cent. At the close they were
quoted y per cent below the highest OF
the day. The total sales were $751;
600