The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-12-04
SUGAR SHADOWS 1T
MARKET NEARLY RONOPOLIZED BY
THAT PROPERTY.
Industrizis Figure Far Better than Two
Thirds of the Dealings, of which Portion
Sugar il Good for Neutrality-suspicious.
Higher, Advances, Reacts and Closes
Two Points Net Lower-Raiiways are
Subject to UPcommouIy Favorable and
Well Sustained Infiuences-GeneTal Re
action at the Close.

New York, Dec. 3.-The transactions
market today In a total OF 2sl. 700
shares, for the general market. the in
dustrials figured for 210.2 200 shares aI1d
the sales OF Sugar absorbed 15i.Soo
shares of the latter record. leaving only
81, 800 shares for the railroad list SUI
gar opened fractionaily higher al 1854
per cent, advanced on large dealings
to 1Osss per cent, reacted 10 1925 per
cent and closed at los per cent, or
points net lower, as compared with
the final price OF the previous day. The
early rise had been attempted 10 be
explained by a higher market fof for
eign sugars, and the alleged statistical
position OF the company, which. IL was
declared. foreshadowed the declaration
this week. OF the regular dividends.
Shrewd judges of the market claimed
10 detect in the scoop. the mastery ma
nipulation Of the largest interest in the
property.
The general market opened active
and higher on favorable news from
abroad. rumors OF an early Panama
railroad-Pacific Mail settlement, ex-
pectation of an increase in the divi-
dend of the common stock OF the North
west company this week. and estimates
of favorable earnings by the granger
roads In the railroads, although bus
mess was very light, these influences
were operative nearly all day On the
other hand the detection by the traders
of heavy realizing sales in sugar al the
top figures, inspired drive al that and
the other Industrial shares Toward
the end OF the first hour there was
sharp inquiry for the grangers and
other leading railway shares. which was
stimulated by the belief that the eX-
ports Of gold tomorrow would be linn
tied TO the 5000 odd by order by
German-American banking house In
this movement Burlington rose 1 per
cent and Louisville and Nashville i'm
proved 10 an equal extent on buying
for both local and foreign account.
Important fractions were gained by
other shares. The news of a PROPOSE
ton to advance western anthracite
coal freight rates on Friday next was
confined, in effect on the markets, TO
Delaware and Hudson. which gained
8 per cent, only / per cent of the i'm
provement being retained TO the close.
Incidental 10 the early attack on the
industrials, Tobacco, broke per cent
and rallied nearly per cent, although
II closed within a fraction of the lowest
Immense blocks OF sugar stocks were
thrown on the market after midday
and the price steadily receded. Its
weakness, however. did not influence
the general market until the final hour
of business, when a general reaction
set in and some material declines were
cd nm ha
elsewhere noted, proved superior 10 the
general easier tendency and gained
ia per cent. The closing was heavy
in tone and the net changes were di-
vided between advances and declines
The beginning of the anti-consolida-
ton arguments at Chicago today had a
special adverse influence upon Chicago
Gas.
The transactions in bonds aggregated
81. 26S, 900. The market was firm and
higher, with the gains chiefly fractional
FOREIGN STOCK MARKETS.
New York, Dec. 3.-The Evening Post
financial cablegrams from London say:
The stock markets were quiet today
but good, closing at the best. The
better tone in Paris was the chief cause
of the strength here. Home rails and
mines were the best markets.
Americans were good. closing at the
best. but mainly on New York support.
Opinions here looked for a sound mes
sage from President Cleveland on the
currency question but despair OF his
recommendations receiving fair and
patriotic support amidst the conflict
ing interests and parties. The Read
ing scheme is not expected now until
January s..
Paris Dec. 3-The markets today were
firm. The settlement is going salts
factorily. with easy contangoes. There
is a much better feeling.
Berlin. Dec. 3--The markets were
firm today. for one reason, because OF
the satisfactory character Of the en-
peror's speech at the opening Of the
reichstag.
Berlin, Dec. 3.-The statement Of the
Imperial bank Of Germany shows the
following changes as compared with
the previous account: Cash in hand.
decrease 1850, 900 marks: treasury
notes, decrease l60. 900; other securities
increase II. 000. 900: notes in circulation.
increase 81. 10000.
DRY GOODS MARKET.