The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-12-05
WORKS DOWN LOW
STOCK DEALINGS LIGHTER AND
DECLINES GENERAL

Affected by Realizing Sales At the Early
Bulge than by Legal Proceedings of AN
Anti sIonopoiy Nature baltimore and
Ohio's Big sIump-General Losses.
New York, Dec. 4-The stock market
with hardly an exception worked low
er today. The volume of business was
considerably lighter than on Tuesday
The dealings in Sugar stock were only
about half as large as those OF yes1er-
day, but constituted about one-third
OF the total. Early in the day gener-
al advances in foreign and domestic
grades Of Sugars served as an argument
TO bull the stock, and a gain OF per
cent was recorded in IL. At the top
figures, realizing sales were encountered
and unfavorable rumors were current
in regard 10 probable legal attacks up
on the company IN this and other states
In the afternoon the rumors crystalized
into the serving OF papers upon the sec
rotary and treasurer OF the company
in a suit TO restrain IL from doing bus
mess in the state of New York. The
stree; regarded the movement as large
~ speculative in character. The stock
was practically unaffected by the news
and left of at net gain OF per cent
being sustained by expectations that
the regularly Quarterly dividends upon
the preferred and common stocks will
be declared tomorrow. Rumors were
current OF hostile proceedings 10 be
brought in Massachusetts,.
The general market was adversely
aIiected by foreign selling of the inter-
rational shares, by disappointing ex-
hibits Of railroad earnings, and by ex-
peciations that a fairly large amount
OF gold would be shipped 10 Europe at
tie end of the week Activity was
greatest in the industrials and Grang-
ers. The last mentioned group was de-
pressed on the publication OF the Rock
Island earnings for the month OF No
vember, showing an increase in gross
or only a little over 5000. The ST.
Paul exhibit for the same month. pre-
senung an increase OF sSg7,674. failed
10 stimulate its market price. Trad
ing was fairly brisk at the opening.
the trend of prices being downward
The grangers and Louisville and Nash
vile We're chiefly depressed in the rail-
ways. In the industrials Tobacco
was under the hammer and broke al
most 2 per cent, while Rubber, I1eath-
er preferred and Chicago Gas yielded
sharply Sugar reacted about ! per
cent on the influence noted at the be-
ginning OF this article. There was lit
tie interest in the afternoon in the spec
ulation, the market ruling quie. and
comparatively steady until the last
hour. when the bears became more ag-
gresSive and caused declines IN the
railway list to the lowest OF the day.
Baltimore and Ohio was conspicuous
in the f1ntl dealings by a break OF 5N
per cent. The slump was attributed
to unfavorable rumors as TO the extent
of the company's floating debt, The
closing was quiet and heavy at the
lowest of the day at sharp concessions
in some instances. The only notable
exception to the general losses. aside
from Sugar, was Consolidated Gas,
which gained Is per cent.
Railroad bonds were moderately &C
tive today and firm IN tone, despite
some irregulartty in prices. Conees-
sions as a rule were only made in the
active class. The sales were 81 1888. 600
New York, Dec. 4.-Evening Posts
financial cablegrams:
LOndon-The stock markets have
been good today but closed dull except
for conSols and other investment stock
Americans closed at about the lowest.
Mines have been good but the closing
was dill again
ParIs-The bourse was firm. It will
be pay day" tomorrow, but no i'm
portant difficulties are expected.
Berlin-The markets Were steady to-
day but quite inactive.