Omaha daily bee., 1895-12-08
American Tobacco Company Caused
n acnsnfInm ON 'LIin nnn.


NEW YORK, Dec THE stock market today
opened active and weak genuine sensation
| being caused by the sudden discovery through the
publication Of a morning newspaper advertise
| ment that the directors OF the American To-
bacco company, while declaring the regular
| quarterly dividend on the preferred had formally
passed the dividend The common shares. A
lood Of selling orders was expected and oc-
Cured The first transaction recorded on the
stock tape was OF 5000 shares Mt from 70 to 20,
the low figure representing decline OF points
from, from yesterday,s closing \ rally ensuGd en- EN-
| the last hour sent the price down - 67ls, The
closing was at the lowest of the day and pre-
transactions in the stock footed up oae.haf OF
the entire dealings FOR the day, and amounted
in the first fifteen minutes OF business alone to
1000 shares. The preferred stock Is down 2is
Per cent. The other leading industrials dis
| losing Ia per cent Leather preferred per cent
and Chicago Gas liberal fraction The CON
ccssions in the railway list slight. Soon
after the opening n smart rally occurred. Sugar
recovered 2ss per cent, chicago Gas y, per cent
on Tobacco in the last hour eNerted depressing
influence on the general market, and particularly
Sugar sustained losses OF la per cent each, and
lost naSry ans and sr iSa
and weak, Tho aggregate sales Were 10000
Of the weeks speeulation, Sugar sold up per
cent to l0GSs receded to 102H rallied to 1851. and
made an an early " gain i'm" Of almost per cent to
Ss then fe IT,, to 1SG rallied to IS l, nnd on The
GIb; closing at the low point and at a decline
Of 1tS per cent.
vance during the week, the star gain being made
on Friday, when the stock jumped per cent to
Pitt -Barrows case. This decision was regarded
as practically removing all legal obstacles TO the
ing the long-eontInued speculation This made
the fun rise per cent; on the following day
an advance on the week Of g.. per cent.
The railway shares exhibited dropping tend
effect on prices and the restoration of the divi-
dend on Northwestern common stock to q per
Reports of earnings Of some Of the leading lines
which came to hand We're regarded as disap,
relief legislation, the continued gold exports and
s6np STEADY selling Of our securities for foreign aS,
stock prices. The aggregate sales for the week
cbesH Of whsh a S 6Ga aSngs CONN in
prlsed 1.oo6.iOo shares. Aside from the changes
IN and Gefs %dsoG Ga as o 3
other hand, Baltimore & Ohio declined Az per
market sna dull and o Se S4
tons amounted to s4ss 900. The dealings in bonds
the market had , sasging tsniency, 'H' WITH s5me @
ilregularity OF movement The aggregate sales
in Starch lists, a.. per cent and AtchIson, Colo
rado Pacific lists, AZ per, cent. The chief ad
1sta 6 per cent Government bonds displayed
some irreguarity, but the variations were slight
compared with the preceding weeks close TIE
transactions aggregating s27O0O
The New York Financier says this week: The
statement of averages of the associated banks of
New York City for the week ending December
shows a continuation of the liquidation loans,
which has been q marked feature of this state
ment for twelve weeks past. The loss In loans
since September II has been less than S93. 900
0Ol The loan item for the week ecdng Dec amber
7 Is only $o,0OoOCo in excess of the lowest point
recorded during the present-ycar, April
last Last ood Deposits however on that date were only
just ended. If the gold exports of Saturday had
been figured In the statcnlent, deposits would
have shown decrease but the heavy movement
from the interior is clearly shown in the gain of
Sl,90j, 600 in cash by the Banks. The expansion
promises to continue for some time to come, If
the domestic exchange figures n criterion.
Chicago quoted New York exchange early in the
week as high Soc and 90c. and there have
been advances elsewhere throughout the west.
Although the recent increase in express currency
rates may have had something to do with this
the movement toward New York has undoubtedly
developed strength andT the losses through treas
the flow OF money to this point. OF the cash
increase, 1t might be noted that 81 300 400 of the
total amount was in specie. the total now held
by the New York banks agGrcgating $67. .3l. 800
or gain of nearly s7.o9oS0o since October l2.
The total gold holdings. however, are 1000, coo
less than reported last February
The following We're the CLOSING quotations on
tho leading stocks OF the New York exchange