The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-10-26

70 acknowledgement Combine OF
DistiiIers, Controlling Ninety Per Cent
of the Country's Output, the New
Whisky Trust Sharing seventy-Two Pei
Cent-Bradstreet'swee stock Review
New York, Oct 25.-The bull sensa-
ton of today's stock market was Pa
cific Mail, which, on transactions IN
usually large for that stock, rose 81
per cent. The movement stimulated re-
ports OF a renewal Of negotiations be
tween the company and the Panama
Steamship line. Official confirmation
was not obtained. Another rumor was
that the operations by a prominent
trader recently have represented COW
ering purchases fer an influential
Broadway banking house. Leather
common broke rs per cent and prefer
red SIS per cent The weakness was
considered to reflect further liquida-
ton on account of the figures on sole
leather and also of the denial OF the re-
cent limitations of a settlement. The
important influence upon the general
market was a realization of the fact
that the danger of gold exports had
ibee2 averted for this week at least, ow-
eiSn exchange. The speculation was
not up TO yesterdays limit and the dis
tribution Of business was only fair. The
leaders in activity We're: Sugar, Leath-
er preferred, Distilling, Louisville and
Nashville and Pacific Mail.
The market opened moderately active
but a fraction lower generally. The
downward movement soon abated and
under heavy covering by shorts an up
I'D 49,.
ant gains at the extreme advances,
aside from Pacific Mail, included Met
ropolitan 21z per cent; Minneapolis and
St Louis second preferred "a per cent;
Minneapolis and st. Louis common 1
per cent; Manhattan rs per cent; To-
bacco IL per cent; Consolidated Gas
1$s per cent; Wheeling and Lake Erie
preferred and Illinois Central IA per
cent; Sugar 11s per cent and Tennessee
Coal and Distilling l per cent. West
ern Union Beef company doomed into
prominence in the late dealings ana on
relatively good buying rose ~ per
cent, 12A per cent. The weakness in
Leather shares, referred to, and sales
TO take profits caused general frac-
tional decline from the top figures. An
important item of news regarding l. IS
tilling was OF the formation of a com
bination of distillers representing al
legged control OF per cent of the pro-
ductfon of whisky, in which the -Ameri-
can Spirits Manufacturing company IS
understood to have been accorded Y per
cent of the total capacity. The market
closed quiet and steady.
Trading in bonds was moderate in
volume and the ndertone was strong.
The speculative issues generally re-
cord gains Of a fraction. In some in
stances declines of note were establish
ed. which were, however, confined to
the usually inactive mortgages.
The dealings in government bonds
aggrega ted S30, 900.
n state securieties sales were noted
of $4,000. Virginia centuries and $1,000
Louisiana consol tours.
BRADSTREETS STOCK REVIEW.
New York, Oct 25.-Bradstreets re-
view of the stock market tomorrow will
say: After continued dizziness with
dropping tendency, the market on Wed
nesdlay and Thursday last experienced
a decline. accompanied by more or less
liquidation of speculative holdings. The
Immediate cause was renewed strength
in exchange, and tbs constant t@ac thar
gold shipments would ensue. This ap-
prehens.on was removed by the weak
neSS OF The exchange market on Thurs
day afternoon and Frida. and there
the assurance of a better speculative
tone. The improvement, however,
seemed due entirely to the covering of
short contracts by professional operat-
ors and signs of any public interest
whatever was lacking. Indeed, the pre-
ceding decline was apparently caused
by selling of pong stocks on the part
of tired and Disguised holders, with
the closing out Of stop orders and ac-
counts where margins had been eXhau US
t5d.
London has not been a factor in any
way At the same time this market
has taken little account of the condi-
tion of the mining markets abroad ,nI
FOREIGN STOCKS AND MONEY. /
New York, Oct. 25.-The Evening
Posts financial cablegram: g ei
Lorpdon-T1e markets were better to-
day: led by kaffirs. and closed at the
best The settlement here in mines be-
gins tomorrow. There is good reason
for stating that it will probably go
through here with little trouble. Three
or four brokers are known to be short
OF their differences. They may or may
not be helped over, but. even II they
fail. ample support is likely TO be forth
coming on any decline The bears are
buying back tonight Americans were
Uat Dull CfDStu dDth = IJNtSN- II t~sa
OF large gold exports from America are
now causing undoubted realizatioCs of
American securities here by those who
supported that market few months
ago.
Paris-The markets have been dull
today but closed steadier.
Berlin-The markets were steady with
good buying of mines tonight
London. Oct. 25.-The amount of bui
lion gone into the bank of England to-
day 71,00o.
LOANS AND CLEARINGs.
New York. Oct. 25.-Money on call
easy al 2G72 1-2 per cent; last lean per
cent. closed per cent: prime mercantile
paper 4G5 1-2 per cent Sterling eN-
change easier with actual business bills
al $LSs IA for demand and si.S1 1-fdl-2
for sixty days. oPsted rates S-SSG II
and s4S9Q1-2. Silver certificates esq
IA
Geyrnment bonds steady; state bonds
inactive; railroad bonds strong
Philadelphia, Pa. Oct. e5.-Clearings
81. CO.. o09: balances $1.SS5.693.
St Louis, No. Oct. 25.-Clearings S..
81. AIS; balances si0s. 706; money SAL per
cent. New York exchange $1.25 dis
WOOL MARKET.
Boston. Mass. Oct s5.-Tha Boston
Commercial Bulletin will say tomor-
row Of the wool market: The market