The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-12-11

New York. Dec. 1o.-The industrial
shares again absorbed speculative at
tenIion, despite several favorable int.u-
ences on the other markets. These con-
sisted OF the declaration OF the resu-
lar dividends on Manhattan railway
stock and the recommendations on the
part Of the executive committee OF the
Western Union Telegraph company al
soday's meeting securing the declara-
ton Of the regular quarterly dividends
by the full board tomorrow. The nom
engagement OF gold by tomorrOw's
steamer was favorable influence. The
bears had for hong time past profess
Cd the belief that a reduction IN the
Manhattan dividend, and possibly n
chat of the Western Union, was GSSur-
ed at this time. The first mentioned
stock gained per cent and the last
per cent on 'uhe favorable news. but IN
each case only half OF the advance was
retained. In the first half hour the
railway list was practically ignored by
the traders.
The industrials opened depressed and
moderately active. a vigorous raid
was soon started on Tabacco. on rumors
favorable to the company. and the price
yielded 3A per cent. Leather preferred
was forced down Is. per cent, 90 5912
per cent, in the first fifteen minutes.
After 1015 o'clock and in the subse-
quent dotngs. until the last hour, the
bulls controlled the speculation To-
bacco rallied Az per cent, 10 7252 per
cent; Leather preferred 3ls per cent. to
62ss per cent; Chicago Gas Is per cent,
to 6SA per cent. and Sugar l per cent,
10 107 per cent. Consolidated Gas on
trading that might be considered very
heavy for the stock, sold up 8 points.
to 1851 per cent, by noon, the best price
Of the year. The movement was vari-
ously explained by r-umors of the prob
able declaration of an extra or stock
dividenda nd to the alleged favorable
outlook for consolidation OF the New
York gas companies. on lines similar TO
those carried out by the Brooklyn com
panies. The same reports have fire.
quentiy been made to do service in Ehe
past No official confirmation OF them
ait this time has been obtained. on
general principles, however. the argu-
ments would appear to be plausible.
Grading was the most active and
weakest OF the railroad list, losing l
per cent
About 2 O'Clock the bears made re-
newed demonstrations against the mar
keta nd succeeded in bringing about
material recessionS in Sugar, the Lead
shares, Leather preferred. Consolidated
Gas. Chicago Gas and Tobacco. The
last mentioned closed unchanged IN
price, al compared with yesterdays
final sale. The market closed dull and
heavy in tone.
a l. ia
more animated and irreguiarTty in price
was quite marked. The sales were 81
100, 900. The more noteworthy changes
we've: Advances-Galve Houston
and Henderson flrsts 4 per cent, Savan-
nah and Western firsts, trust receipts.
23s per cent, Northern Pacific terminal
firsts incomes 2 per cent, Northern Pa
cific terminal seconds incomes i per
cent, and Norfolk and Western firsts,
Maryland and Washington division,
IL per cent
Government bonds made a further
slight advance on purchases OF $4,000
A block of 1000 Virginia centuries
changed hands at unchanged quota
tons.
FOREIGN STOCKS AND MONEY.
New York, Dec. 10.-Evening Posts
financial cablegrams:
London@The stock markets are sui
and featuraless except the fatness OF
silver. Americans were first today.
mainly on ruhe reading scheme. wthbch
bids fair, together with the currency
situation, to eNtingutsh any hope OF a
revival Of speculation here in Arneri-
cans. A new CHILEAN loan Is expected
doom
Paris and Berlin-Markets We're duh,
taking their tone from London.
Berlin, Dec 10.-Tho weekly state
merit Of the Imperial Bank OF Germany
shows the following changes as COM
pared with the previous account Cash
in hand. decrease 4. 06o. 900 marks; treas
ury notes. increase. 240. 900; other secu-
rites, decrease a, go. 900: notes IN clrcu-
lation, decrease IS. 1000 marks.