The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-08-20
TAKES TO TOBACCO
SPECULATION LARGELY fAKKl UP
WITH THAT ARTIW,E
Recent Expsrssses ef The Shares q - H.
haeco Trust b Oss Of HarasAlp - ~
sstse-InAspsaasak Aaauen@eaeusD 60
for An They are WessA-T0 Dayo osss
d slkde from llA ia Pse Csas - - ~
Csst-sines saturday n l-a - Csas
Goes-Brsak Affects Tie Gsassna Iass-
Closs - neay-Boads ssroae.

New York. Aug. la-rhe speculatjon
In the stock OF the American Tobacco
company dominated todAy's share mar
ket- During the past few days rumor
has been busy with the Affairs OF this
property and there are evidences Of the
working OF plan to depress the values
or Its shares. the leader OF which an
pears to be well-known bear operator
who Is noted for the methods he adopts
10 create speculative situations. When
the attackson the Tobacco trust was be-
gun reports were circulated that sn3e-
pendent tobacco manufacturers IA the
west and south were combirg against
1t with the purpose OF creating q gen.
eral liquidation OF the company's stock.
AT the opening OF the campaign about
ten days ago. the stock stood 1t llSx
per cent and from then 10 last SATURDAY
night IL was put down from I to 3 per
cent a day. closing Saturday night As
IONS per cent. This morning under in
duced pressure. * opened as the stock
exchange Official quotation gives Il. .
500 shares from 1854 TO io1. which
means that sales were made In the To-
bacco pool at the high and low figurso
al about the same time, so heavy WaD
the rush 10 sell Throughout the entfso
day the selling movement was carried
on and the last sale made was at 90. tho
lowest figure touched. which Is lsk per
cent below the final figure OF Saturday.
Charges have been made that insidern
IN the company after creating q mar
ket far the shares. have been unloading
them upon the public. The preferred
stock broke per cent, 10 I0S per cent.
In the general market speculation was
nrm at the opening Chicago Gas was
notably strong and advanced Ia per
cent. the demand for the stock coming
from the same houses which recently
have been buying 1t with the alleged
purpose or securing a controlling inter-
est The shares were somewhat scarce
and there was some covering by reason
OF that fact. Manhattan was I'm brisk
demand. the purchases being credited
mainly 10 insiders and the recent SELL
ers. and moved up rs per cent and later
an additional Ia per cent. When the
break came in Tobacco most OF the 9TH
er sahres dealt in became heavy and re-
seeded. notably Sugar pa per cent: CHI
cago Gas ia per cent: Leather preferred
Ia per cent: Cotton OIL Ia per cent:
Tennessee Coal Ia per cent and Dsssili-
ing and Rubber y per cent. The rail-
way list did not participate in thu
downward movement to any great ak
tent except that Lake Erie and Western
declined 1S per cent and Lake Erie and
Western preferred and Oregon I'm
provement per cent In the Afternoon
the pressure was renewed and on COW
ering OF short contracts Sugar recover
ed Ia per cent: Chicago Gas. Lacka-
wanna and Lake Erie and Western IL
per cent: Lake Erie and Western pre-
ferred 1% per cent: Leather preferred
x per cent and other shares q smaller
fraction In the anal dealings there
was a renewal OF the depression and thu
market closed heavy In tone with the
net changes evenly distributed between
gains and losses but mostly In the frac-
tons The foreign trading was very
light
Bonds were strong with sales Of a.
$4,000.