The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-12-13
Is LESS EXCLUSIVE
STOCK MARKET NOT CONFINED TO
INDUSTRIALS

Baltimore and Ohio, for Instance. Finds q
Swarm of Rumors Buzzins about its
Ears and the OniciaIs are Hard Put TO IL
to Dispense Them-Denver and Iio
Grande Resumes Dividends on the Pre-
ferred Stock-Anthraeite Operators to
Reduce Their Output by Half-Inquiry
for Bond Reissues
New York. Dec. 1.-The stock market
today retained the irregularity OF move
ment that has recently characterized
the dealings. There was a point OF
difference. however in the fact that the
volume OF business was not so exclusive
" in the industrials as heretofore. The
speculative movement was interesting
and on a diversity OF influences BalIi-
more and Ohio made a further extreme
break OF go per cent. TO II per cent, and
closed at a rally OF 1 per cent. The
steady downward course OF this stock
has aroused considerable apprehension
on the part Of the security holders. es-
pecially as IL has been attended by
variety Of persistent bear rumors insinu
ating acknowledgement. financial en-
barrasssment and over-capitalizat ton
OF branch lines. Officials OF the COM
pany make sweeping denials of the ru-
mors- Another interesting develop
ment of an encouraging character was
the resumption Of dividends on the pre-
ferred stock OF the Denver and Rio
Grande railroad during an interval OF
over two years. The news that the
presidents OF the anthracite coal COM
panies had recognized the absurdity
of mining at least double the quantity
Of coal salable a profitable rates and
had recommended at so per cent re-
striction Of the output had a logical
good effect on the market.
Speculation opened moderately active
and heavy in tone. Prices Stiffened
soon after the initial dealings. but
sagging tendency soon developed. and
several recessions occurred in General
Electric, Louisville and Nashville, Ten
nessee Coal, Union Pacific and Leather
preferred. The last mentioned scored
the great decline, rs per cent. The an
thracite coal stocks doomed into promin-
ence in the afternoon dealings on the in
fiuenceS above noted. advances being
scored extending TO Az per cent in New
Jersey Central. The strength OF this
group carried the other marke and note
worthy gains were made Leather pre-
ferred roce 2h per cent over the early
low figure. Consolidated Gas, after
some irregularity of movement. closed
at the best Of the day. and al a gain Of
22s per cent. Attention has been tlse
where called to the downward move
ment in Baltimore and Ohio. The de-
NAL OF the stories by President Mayer
failed TO cause more than a partial re-
covery. The official announcement OF
-, a ,Ha,- a
on Denver and Rio Grande preferred
was reflected in a gain of about l per
cent in the stock in the final dealings.
Sugar on the other hand lacked support
and lost about as much. The closing
was fairly active and generally firm.
The railway bond market was easier
in tone until the late dealings when a
brisk inquiry rose for reissues. The
trading in these bonds figured for ST.
5000 out of d total for the day Of ST.
s73 900, and they recorded material
gains extending in the first and third
preferences to ia per cent. The buoy
ancy Of these bonds helped the other
issues and fractional rallies occurred.
The St Louis and San Francisco consol
fours at IL per cent, sellers 20 per cent,
and at A per cent regular. against so
per cent the preceding sale on Dec. 9.
The more notable declines were in the
Union Pacific sinking funds elghths. )
per cent; Wisconsin Central trust re-
ceipts per cent, st. Joseph and Grand
Island firsts pa per cent; Louisville
and New Albany fives rs per cent, and
Mahoning Coal fives IL per cent.
FOREIGN FINANCES.
London. Eng, Dec 1.-THE weekly
sta tement of the Bank Of England is
sued today shows the following changes
as compared with the previous account:
Total reserve, increase $50. 900 pounds:
circulate decrease 249. 900 pounds:
bullion, increase 3S5.s; pounds; other
securities, increase 10000; other de-
posts. increase S34.0 900 pounds; public
deposits, increase 1000 pounds; notes
reserve, increase 665. 900 pounds; gov
eminent securities unchanged. The
proportion of the Bank OF Englonds
reserve to liabilities, which, last week
was 60.5S per cent. Is now 60.S3 per cent
Bank of England rate of discount re-
mains unchanged az per cent.
Bar silver closed 30 pence.
Paris, Dec. 1.-THE weekly state |
ment OF the Bank Of France. issued to-
day. shows the following changes, as
compared with the previous account: /
Notes in circulation, decrease 32.O75. 900 I
francs; treasury accounts current. in |
crease $500. 900 francs; gold in hand. de- /
crease 425, 900 francs; bills discounted. 4
increase "A 5o, 900 francs; silver IN hand. /
decrease LIE. 900 francs.
GENERAL MARKETS