The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-12-10

Nut Less tnan tno ordinary fiSure-
stagnation i'm the London Market
New York, Dec. s-The dealings in
the railway list were relatively inSig-
nificant, beside the operations in the
industrials. Out OF aggregates sales
for the day OF little over 3IO. 900 shares.
Tobacco counced for 20S, 600 shares
Speculation for the week began with
an active market and a lower tendency
10 prices. Naturally enough, after rhe
exciting episode in Tobacco on Satur-
day. large crowd Of traders conferred
around the post in that stock this morn
ing and anxiously awaited the sound
of the gong. The first transaction re-
corded was 5000 shares at from So TO Sc
per cent. as against Sis per cent. the
final sale OF last week. The price soon
receded to IS per cent and then ranged
between "a and 60 per cent. until the af-
ternon, when an unmerciful milking
process carried the price 10 y per cent.
a rally of per cent from the lowest OF
the day. The stock left off with a net
gain on the day Of As per cent. The
preferred stock broke So per cent in
the early dealings, but subsequently,
improved with the common and closed
with only small fractional loss.
Heaviness was the characteristic Of
the industrials at the opening. Chicago
Gas and Leather preferred declining
sharply and sugar making an import
ant fractional gain, but was unable 10
hold the advance. The market soon
evinced a tendency toward higher
prices and substantial gains followed
in Sugar, Leather preferred and Chica-
go Gas. The gains in the railway list
were uninBportant. Before the expira-
ton of the first hour an effective drive
was made against the induStrials and
together with selling 10 realize profits,
accelerated a decline. Leather prefer
redd yielded 81 per cent, Sugar ia per
cent and Chicago Gas about a point. In
the afternoon the tables We're turned
and the bears were driven sharply to
cover. in some instances marking
prices up on each other in the high
priced industrials. AS was the case
earlier in the day, the improvement in
the railways was slight. Leather pre-
ferred was marked UP 22s per cent. Su-
gar ! y per cent, Consolidated Gas ~
per cent and Chicago Gas l per cent.
Late in the day IL was learned that on
application for an injunction temper
arily restraining the carrying out of the
consolidation plan, made by holder OF
a lUO snare certlflcate, anu upon winch
some stock was sold, had been granted.
In the early trading a decline OF is
per cent occurred in Reading. which
was chiefly due 10 sales by holders efrh-
er unable or unwilling 10 pay the 20 per
cent assessment impending on all OF the
Reading junior securities under the
proposed plan OF reorganiZa ton. Event
ually a recovery was made OF about
half of THE declfne. IT was believed THAI
but for the erratic movements in the
induStrials, the Encouragement of gold
and the belief that none would be ship
ped on Saturday would have enabled
the railway list TO make a better show
ing The market closed active and
strong.
The railway bond market was quiet
and lower. The declines were confined.
however, to fractions. The sales were
$500, 900.
Governments ruled higher on pur-
chases of S45, 600
In state issues g. 500 Virginia centuries
We're dealt in at a fractional advance
New York, Dec. 9.--The Evening
Posts London cablegram says: Stag
ma alton characterised the stock markets
today. There are no signs at present
of a revival OF speculation, the only
favorable indication being the prospect
of cheap money for a long period.
Americans were fat, closing at the low
est. This was notably 50 of Reading on
apprehensions OF a heavy assessment
Paris and Berlin Were quiet.