The Providence news. (Providence [R.I.]) 1891-1906, 1895-10-09
FINANCIAL NEWS.
The American Tobacco Co.
Losing Thousands Daily.
Large Operators Still Laying Stress
on Kaifir Situation.
Special to The News.

NEW YORK. Oct. 9.--It is stated on
good authority that the contest between
the A. M. I. and the Western producers
of plug tobacco is more serious, in imam
cial sense, than has been generally under
stood. 1t is said that the A. NJ. II. is
making an actual loss Of at least $4,000
per day on the brand OF plug tobacco
with which they are fighting the Western
producers, and in addition there must
be given away upward OF 80, OOO, OOO
cigarettes per month. The next annual
report should show large decrease In
the surplus and some holders OF the stock
have been sellers recently for fear that
Congress may take some action in view
of the publicity which has prevailed re-
Gently in tobacco trade matters.
There was very little market yesterday
outside of Chicago Gas. London was
not q factor and the commission house
selling which depressed prices Monday
was not very conspicuous. Bear traders
depressed values little as Gas declined.
but In the main devoted themselves TO
that stock. Gas furnished one quarter OF
the total transactions and its decline was
credited TO Keene and Moore and Schley.
Large operators lay stress on the kahir
situation as a menace 10 advance They
say that nobody wants to undertake any
large deals i'm the market less distur-
bance In Keffirs should upset the field
st Paul earnings for the first week OF
October should be out tonight. II is
the best month the company has and last
year was exceptionally poor In October
because of the failure OF spring wheat.
September earnings for the first three
weeks averaged $706,000 weekly. The
earnings due tonight compare with 1867, =
30l in 1884, 1881, S65 in 1893; S79l, 23S in
1892; s7S4, ,676 in 1891 and s707, 6s3 In 1890
IL is estimated that October earnings Will
average at least S775, 900 this month.
The trade was excited yesterday after
noon on a posted notice in the Sugar
office asking all brokers to see Mr..
Osborne, the sales agent The room
was crowded. but Mr.. Osborne did
time. He said that what he had to say
TO the brokers was not OF Q nature which
he could state publicly. II is supposed
that there may be some trade regulation
which II is proposed to establish.
GENERAL FINANCIAL NOTES.
London is practically unchanged.
Illinois Central earnings for the month
of Septem Der increased f112, 1858.
In a few hours, $40, 600 600 new stock
OF the Bay State Gas was subscribed.
A grain rate OF five cents has been
made from Duluth 10 Buffalo.
The Leather dividend of per cent. is
the regular ulvldenu, not tpeclal. Inls
makes 8 per cent. regular dividend and
per cent. special so far in 1926.
London spot copper 10 3-s lower; fu-
lures, as "a.
Joseph says: "The same Inen who.
in July last, caused Gas TO break TO 5 are
working the present stock iobbing deal.
In order that you may not be sacrificed
let the following historical facts be re-
called: One OF The present manipuiators
OF Gas put up the Charlton 10o-share re-
ceiver trick in 1890; the same authority
gsnization OF Sugar. The history OF the
past six years shows that these black
mailing suits are short-l!ved. y
IL 10 said that the Keene crowd bor-
rowed 10000 Gas on the loan crowd yes
terday.
Reading is strong on the report that at
the forthcoming election Vanderbilt in
terests will be found to ccDtrol zoo, 00o
shares Of stocgS