The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-12-07

| cision Setting that Movement In Opera
tion in Chicago Gas at . Lively Rate, the
| Stock Closing at Five Per Cent Over
| Thursday'sCiose-Gen List Strength
ened, IN Spite of Gold Shipments of Over
| Two and q Half Million Announced.
| New York. Dec. 6.-Three industrial
stocks practically constituted today's
/ stock market, Chicago Gas, Sugar and
Tobacco. The last named figured first
IN point Of activity. The principal ele-
ment in the speculation was the cover
| ing OF the shorts.
Interest at the opening centered en-
| tirely on Chicago Gas. being stimulated
| by the Unexpectedly and sudden and
| favorable decision OF Judge Showalter.
which was interpreted by the traders
| as practically removing all legal obsta-
| cles to the plan Of consolidation OF the
various properties. There was excep-
| tional activity in the stock al the out
| set. the shorts rushing eagerly to COW
er. The first transaction reported over
the ticker" was 5000 shares at from
67i2 per cent to 69i2 per cent Addi-
| tional purchases of $500 shares sent the
price up TO 6sas per cent. a net advance
OF per cent over yesterdays closing.
At the top. realizing sales caused a
drop OF per cent. The reaction was
eventually followed by a recovery 90
6919 per cent at the close.
The buoyancy Of Chicago Gas had a
strengthening influence on the general
list despite The reported engagements
Of gold for shipment tomorrow. aggre-
eating $1,000. 0O0 OF this amount, all
but $1,000 comes out Of the treasury re-
serve. Liberal gains were made in the
other industrials. Soon after the initial
dealings recessions occurred. also due
to the taking of profits Before midday
the bulls again assumed control Of the
market and accordingly Sugar was
marked up 312 per cent. TO 1915 per cent
and Tobacco 21s per cent, 10 79A per
cent. Material gains were alsOscored
by Delaware and Hudson. Leather pre-
ferred. Consolidated Gas. Western IN
ion, Illinois Central, Burlington and
Rock Island. Baltimore and Ohio gain
ed IA per cent, but subsequently dis
played weakness a nd closed at loss OF
l per cent. The heaviness In this stock
has recently attracted marked atten-
ton, but has not been satisfactorily ex-
planned. II is attributed TO declining
rates for business and high rate inter
est bonds. The development OF the
property. since the recovery in general
business, has been disappointing to in
vestors and some liquidation has been |
induced on that account. The close was |
active and strong at best prices and at |
general net gains on the day.
In the early dealings the bond mar
ket exhibited a dropping tendency. In |
the late session. however. there was a |
general stiffening in prices. which i'm |
parted "a firm tone to THE closing. The |
sales were $4,000.
FOREIGN STOCK MARKETS.
New York, Dec. 6.-The Evening |
Posts London cablegram says: The |
stock markets were stagnant and dull |
today. Public dealings appear to have |
stopped for the present year, a condi- |
ton favored by the political situation. |
Americans opened dull on New York |
quotations but closed a shade better. |
The rumor that Chinese loan for &c. |
000.0 900 sterling may come out in Berlin /
and London early next year is quite |
premature.
Paris, Dec. 6.-The markets today |
were stead to firm on the satisfactory /
conclusion of the sediment, but there
was no business.
Berlin, Dec. 6.-The markets today
were steady.
GOLD SHIPMENTS.
New York, Dec. 6.-Lazard Freres &
Co. will ship s1,500,00 in gold and l.
Won Hoffman & Co, 81 100 900 by toznor-
rows steamer.
Barring Magoun & Co. bought $500 900
Of gold bars in open market for ship
ment tomorrow. making total thus
far of s., 600.o 900.
DID ADS,~rp I-E~r,C cT0CV DEUrEw |
New York, Dec. s-Bradstreets FL
nancial Review tomorrow Will say:
Congress has met and the presidents
is published. The latter docu-
ment agreed with previous anticipa-
tons. but as no legislative action is
probable until after the first OF January
the disposition in speculative circles Is
to wait Chicago Gas, after being de-
pressed on adverse legislation, enjoyed
a quick rally. due TO a decision in favor
Of the consolidation. while American
Tobacco and United States Leather
were the objects OF more or less manip
ulation. The railroad shares on the
whole were neglected and to a certain
extent irregular in their course. The
return Of the Chicago and Northwest
ern TO a half-yearly dividend rte OF "a
per cent. or l per cent higher than the
dividend declared on the stock six
months aro. seemed TO have lAtle effect
Some attention was paid 20 the very IA
yorable earnings OF the St Paul road
while those OF the Rock Island cor
Doration were sufficiently poor 20 have
/ bearish influence Very Ettle indeed
vas done IN other portions OF the stock
list, leading interest seeming inclined
% wait until there is some definite
knowledge in regard the attitude OF con
yress in regard 10 the currency compli-
,ations Europe was also inactive.
hough Il would seem that the idea q
ne failure OF congress % act on the cur
-ency.a nd the possibility OF a revived
Igitation OF tariff questions in this !
,ountry. has had an unfavOrable effect | |
n the standing OF American securities !
abroad. The exchange market was
-ery dull all week and scarcely counted
IS a factor IN speculation though ne (
shipment % s.. 100. go in gold 20 Europe !
lad a slightly unfsvoraole influence al I
ne close Of the week
THIS IS MISS AUB's CONFESSION
ensstionAi document that has sst New