The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-06-26

closes Close to its Louest-Generai
Market Neglected. Only the CoaIsrs
Show Some signs Of Revived Animation
slight Losses the Rule Throughout
the List-Riss in Silver Certificates
New York. June 25.-The stock mar
ket today displayed sagging tendency,
which was almost entirely due 70 q re-
newal OF liquidation in Sugar on a
lage scale. Insiders were evidently re-
sponsible for the course OF the stock
and alte-na tely appeared a. buyers and
sellers. causing . decidedly Irregular
movement of prices. The bears made
determined onslaught against the
specialties and, coincidently. heavy
blocks OF long stock were pressed fo=
sale. The result was a slump OF 3Is
per cent. 10 us per cent, the lowest
point touched in the present movement.
The sub>equnt fluctuations were marked
by the regularity that has character
lied the stock OF late. and il left OF
within II per cent OF the lowest The
market for foreign beet and domestic
raw sugar were frmer today and the
quotation for certain grades OF the re-
nnsd product were advanced but the
speculation ignored these considerations
The general market presented but few
features or interest and was practically
neglected, although there was show OF
reviving animation in the anthracite
coal shares, based upon the statistical
strength Of the industry and the well
defined prospect OF q prosperous fall
and winter season. Reading was the
leader in point OF activity, but scored
an unimportant gain On the other
hand Delaware and Hudson rose IL
per cent and New Jersey Central rs
per cent The movemnt Of values gen
rally was irregular within a narrow
range, except IN few Instances. The
changes in a few OF the usually inactive
shares were especially noteworthy. Hook
ing Valley preferred jumped 81 Per
cent, 10 55j< per cent, and New England.
after long period OF neglect, sold at
4312 per cent The closing, however,
was at a reaction to SO per cent, with A.
per cent asked. The list trended to-
ward higher plane during the after
noon session and although the ne:
changes recorded slight losses as rule,
there were gains over the low point
The closing was fairly steady.
The total sales Of stocks today were
1881 shares, including: Atchison, To
peks and Santa Fe. 300: American Su-
gar. los. 800; Burlington, 200; Louisville
and Nashville. 200; Northern Pacific.
1000; Reading, 500; Rock Island. $500;
81 Paul, i. 100. Silver certificates, 1885,
co.,
The market for railway and miscel-
Tcr L., =
tributiOn OF the business was fair and
included a number OF usually neglected
mortgages A firm tone was generally
apparent, although some irregularity
was noted. Oregon Improvement irsts
broke 2iz per cent. osbensibly on ac-
count Of the efforts to oppose the re-
organization plan. The consol fives.
on the other hand, gained sharp frac-
ton The advances extended 70 IL
per cent The sales were S655. 900.
Govrnment bonds were dull but steady
on dealings OF SIS, 900.
Silver certifica ties were strong 10 the
early trading and rose TO 20 per cent,
the best figure that has been recorded
for long time. Subsequently a con-
cesSion occurred 10 6912 Per cent or
realizing and seller 10 options. The
final sale was at SOS. per cent. The
aggregate transactions We're Si95, 600.
New York, June 35.-At a meeting OF
holders OF the consolidated five per cent
bonds Of the Oregon Improvement CON-
pany today a committee OF three was
appointed 10 confer with the Waterbury
reorganization committee and 10 en-
deavor 70 secure an extension OF time
beyond July /, in which securities could
be withdrawn. A plan was approved
fixing the assessments at $40 on the con-
sol fives and preferred stock and per
cent on the common stock. The plan.
as outlined, favors the creation OF about
81, 2oo, 900 Of 4 per cent second mortgage
bonds TO be given, dollar for dollar, for
the assessments.
New York. June ga London cable
gram 20 the Evening Post says: The
Uruguayan Iona Is announced. The
amount IS 1867 900 pounds and the In
terest per cent The price OF issue ia
III per cent.