The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-12-15
TOBACCO GETS UP
AGAIN LEADS The INDUSTRIALs,
WHICH LEAD THE MARKET.

Advances -Four and Five-Eishths Per Ceot
while Leather Preferred, Chicago Gas
and Sugar Make Gains-Goid shipment
Rumor Is Of Shipments AEgregating
-Four Millions for Tuesday, which has
its Effect on the Raiiways-Panams
Eailroad-Paeifc Mail Deal Is assured
Prominence of Industrisls.
New York. Dec. H-Speculat.on today
was, as usual. chiefly in the induSt-ia.s.
The movement in that group was sharp
1y upward. especially in Tobacco. which
advanced As per cent. 10 1Ss. per cent.
Leather preferred gained per cent.
Chicago Gas rs per cent and Sugar II.
per cent The railway shares were light
~ dealt N and the only changes OF i'm
po-tance in that department were ad-
vances OF Z per cent in Baltimore. and
of IL per cent Lake Erie and Western
preferred and Minneapolis and st. Louis
firsts preferred. Estimates OF gold ship
ments on Tuesday next ranging up 10
81. 600. 600 caused a sagging tendency IN
the leading railways. which contributed
TO an irregular closing. Up 10 late
hour the only definite news OF probable
gold engagements for Tuesday account
ed for but $3.50 900. No gold has act
ually been ordered as yet. The long
drawn Que rumors regarding the pro-
posed contract between the Pacific Mall
steamship and Panama companies were
disposed of today by the formal rati-
flcation Of the agreement by the direct
~.
Panama directcCs had previously au-
thorized che signature OF their preSi-
dent Mr.. Huntington will sign on Mon
day.
The indusitrials also constituted the
greater part Of the weeks market, al
though a number Of new Developments
bearing upon the railway and general
list came to hand. Tobacco and Leath-
er preferred were most noteworthy in
the movement. The first named on the
continued favorable sentiment Of the
dividend episode, and on reported fresh
cuts in prices. dropped AS per cent 10
63 per cent. At the low point insiders
took back some stock and rushed the
shorts TO cover on a rally 10 I6A per
cent. The recovery was stimulated by
rumors of a probable compromise with
the opposition The preferred stock
SuHSTeQ a, decline OF per NcIlf OGN
eventually rallied to and closed at 100
per cent. Leather preferred. after de-
cline Of 3 per cent to ssh per cent, was
taken in hard and put UP 10 20 per cent
by insider interest. The news in gener-
al affecting the railway shares was
mainly Of an encouraging character,
aside from the shipment OF 600 in
gold and rumors OF probably engage
ments OF the precious metal early next
week approximating s4.0OO.0OO. The re-
storstion Of the dividend on Northwest
common to a 8 per cent annual basis
was a notable event, refiecting the be
lief of the powerful and conservative in
terests controlling the property that the
outlook for business encouraged mat
action. The resumption OF dividends on
fhepreferred stock of the Denver and
Rio Grande company after an interval
of about two years; tie ratification OF
the Panama Railroad-Pacific Mall
steamship contract and the declaration
of the regular quarterly dividends upon
Manhattan railway and Western Union
Telegraph stocks were also encourag-
ing Developments. Other bullish in
f1uenceS were the reports. as yet IN
confirmed. Of an impending consolida-
ton of the Gas interests in New York,
resulting in an extreme advance in Con-
solfdated Gas of 1874 per cent. to 1911.
per cent, and the Efforts to restrict the
production OF Anthracite coal TO a point
that will allow profitable rates % the
producers. The serious attention OF in
vestors and Spectators has been at
tracted TO the affairs Of the Baltimore
and Ohio railroad on account Of per-
sistent and circumstancial reports un-
favorabiy affecting the credit Of that
company. Vigorous but general deniaas
by officials were Intellectual in prevent
ing a decline in the price OF the stock
of So per cent The low point today,
ASK per cent, was the lowest price Of the
year. The stock closed ait recovery Of
2 per cent from 1.-THE lowest. The net re-
suits in the general market show irreg-
ulsT1ty with a slight preponderance Of
declines. Important changes, aside
from those noted. are advances Of ga
per cent in Manhattan. Long Island
Traction pa. New Jersey Central "a per
cent and Michigan Central 2 per cent
Illinois Steel is of 4 per cent for the
week. The aggregate sales were l,lse,-
200 shares.
Railway and miscellaneous bonds
ruled active and higher on dealings
amounting ito $685., 900 Northern Pacific
seconds were the features OF the specu-
lation. rising per cent; Northern Pa
cifc colssrerad trust skies ] per cent
The dealing in bonds during the week
was quite active. with the Reading is
sues contributing largely TO the aggre-
gate sales
The movement Of PRICES was irregu-
lar early. in the week, with a declining
tendency In the last half hour MAKER
iaI appreciation occurred from the ear
" low pon3ts The aggregate sales were
1921. 900.
Governments were active and higher
on purchases Of sloi.4o0.
Saver certificates ruled weak and low
er, with sales q s. 600.
NEW YORK LOANS.
New York. Dec. 1.-THE Financier
saws this week: The statement % Tie
associated banks % this city for the
week ending December IL SHOWS an I'M
expected expansion Of s3.l70.9Oo IN loans,
which must be attributed a. Tnoch 70
the speculative excitagneAt q the pas;
ten DAYS as 10 legitimate demand froEn
mercantile sources for money. The IN
terror movement Of currency fo- the
week retred the New York banks not
Jess than two and oTe-hah million dol
lars. This Is probably counted IN the
statement Against This Should be
placed the loss through the withdraw
ais OF legal tenders for the gold Ehip-
nnerscs q hsle last part OF last week and
tbA 81. COO 600 withdrawn during the cur
reDF week
The losses have nearly Offset the gain.
bot the statement dos not show q The
net cash loss IS $50. 530- The s0ecse
5-ss-n IS slowly increasing. bur thss sc-
clr-nula-ion IS ncS a. the expense of the
treasury. which e actually gaining god
only Influence is TIA: me clearing hczzse
banks are gong 20 first sources for Their
specie, perhaps buying assay ofssoe -
CENTS <-om zhe producers OF buIs.Dc