The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-05-16
STOCKS AND BONDS
MARKET HAS MANY CAUSES FOB
APPREHENSION AT ONCE.
There ID the Illinois Legislature to Watch
ings AgAiost Sugar Trust Men to Affect
That Property and the Administrators
Little Encouragement to Buyers-Bears
Attack the Grangers-Slisht Rally At
the Ciose-Week's Review.

New York, May 15.-Chicago Gas ard ST.
gar absorbed over one-th;rd OF the total
sales at the shc-t sess.cn OF the srocs ex-
change today, the dealings beint about
equally divided between them. There was
so little to encourage selling in the course
Of the prices for Chicago Gas that the
motive for 1t must be attributed to doubts
or the value Of the stock being equal to the
price. There were, in fact, evidences OF
feaVy liquidation in that stock, based on
apprehensions that the consolidated meas.
Ure will fal Of enactment in the Illinois
legislature and with II the arrangement,
for division of territory with a rival COM
pany which was made contingent upon its
passage. Stop orders were reached on the
way down, bringing large blocks Of the
STOCK on tie sagging market Sugar also
snowed weakness on the probable effect os
pending proceedings against members OF
the company for contempt OF the senate,
but recovered the loss. The grangers also
were subjected to special attack by the
pears on account OF the weakness OF the
wheat market. There was but little en-
coura cement TO buy, in the course of the
London market, where Americans were
largely neglected and prices were weak
There was manifest apprehension also as to
what phase the Cuban question may have
taken On the time trading 3 resumed Mon
cay. The impression prevailed in the
street that the Intentions of the admins
tration towards Cuba are in a farnative
state. with possibility OF taking on an
aggressive tone. The anthracite coaIers
displayed some firmness, due TO covering
OF shorts The Gould shares also manifested
continuance OF the strength they dis
played yesterday, but Il id not last and
their prices declined IN the late dealings,
involving them in net losses. There was
general covering movement at the close of
the session which rallied prices slightly,
nearly al through the list from Il 10 y pc.
cent from the lowest. the latter in Chicago
Gas Some OF the extreme declines were:
Cn:cago Gas, rs per cent; Burlington. IL
per cent; Northwest. ! per cent: ST. Paul
= per cent; Rock Island, per cent: New
York, Chicago and St Louis second pre-,
ferred, IL per cent, and Omaha, Is per
cent
THE WEEK REVIEWED.
Prices generally os securities are quite
substantially lower than they were g week
ago. But there have not been lacking en-
cuoragilg features in the weeks trading
The subsistence of the fears engendered by
the war between Turkey and Greece led
TO quite q notable revival of activity IN the
foreign markets for securities, and although
Americans were given less attention than
other securities, their prices In London did
improve, especially on Monday and Tues.
day. and there were good many thousand
shares bought in the New York market for
foreign account The subsistence of the
buying from this quarter was apparently
due to New York's persistent failure to
reflect the confidence manifested by the
foreigners in American securities. After
Wednesday, London ceased buying. New
York remained persistently duh. and IN
open to bear attacks. Com
mission brokers are inclined to lay stress
CT the dealings in bucket shops 20 account
for the loss Of interest by the outside pub
lie in the market. and the stock exchange Is |
engaged in very energetic efforts 10 stamp |
put bucket shops by legal proceedings. The |
ack Of interest in the market was, OF |
course, a prime cause of the check TO the |
advance in prices. That the balance OF in |
errational merchandise credits was materi- I