The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-05-06
CLOSES WITH LOSS.
STOCK SPECULATION. DEsULToRY
AND TENDING WEAK.
Shares Much Neglected. Only the
IndustriaIs showing Anything Like Ae-
tivtty - Professionals Monopolize the
Market and Pressure 10 Brought TO
Bear-Tobaeeo, Leather, Rubber and
the Gas Companies Attract Artention-
Bond Market Dull aEd E2sier-Goy-
ernm.nts Strong and Higher.

New York. May $50 far as the gen
eral market was concerned the speculs-
ton was again today desuItory, with a
weak tendency IL certain OF the indus
trial stocks The standard railway
shares were practically neglected and
I in the industrials the only stocks that
attained even comparative activity
were Leather preferred and merican
Tobacco.
The only definite engagements OF gold
made thus far for Thursdays German
steamer aggregate about 81 SO. 600 bat
/ fl IS expected that additional shipments
viii be made on Saturday. The ad-
vanced freight rate marks UP CORES
pcndingly the point at which gold ship
ments are practicable, the increased ex-
pense being chiefly borne BY the buyer
OF the gold bills The premium OF sic
cent required for gold bars = sill pro
hibitory and the market for sterling ex-
change today displayed slightly easier
J tendency owing 10 the offering OF the
bills against gold exports In exchange
circles, the weakness in rates is. II IS
! believed, only temporary. A fair
amount Of coin can be secured, and II
is cheaper by about 10 cent to ship the
coin than 10 send out gold bars.
Speculative interest today conferred in
the industrials. The professional trad
ers had the market 10 themselves and
favored lower prices. The pressure
against the list was general and was
marked in some instances La Clede
Gas attracted attention by a break OF
81. per cent, OF which anly y was re-
covered The explanation OF the slump
that was given publicity was the delay
of the supreme court in handing down
decision regarding the case Affecting
the charter OF the company. The Rub
Der shares again displayed weakness
The common sold down 10 % per cent
and the preferred broke SSs per cent 70
sol. per cent. one time II per cent was
the best price bid for the last mention
ed stock but IL recovered 10 50 per cent
al the close. The wires from Boston
were kept hot with gossip regarding
combines between the Bay State Gas
and its competitors, which were con-
firmed after the close. and on the
strength OF the report this stock was
marked up az the ouset rs per cen
Profit taking resulted in drop or
points, but eventually there was a re-
covery 70 last nights closing figures.
Leather preferred lost a smart fraction
on the denisls OF the reported improve
ment in trade conditions and 50 that
on preferred was stimulated somewhat
by the declaration Of the regular semi
annual dividend OF 3 per cent, which
had been believed 70 be discounted To-
bacco declined y per cent on selling
believed 70 be long stock and closed at
the lowest. IN the railway shares the
grangers, Missouri Pacific and Louis
Vile and Nashville scored fractional
losses. The market closed weak al gen
eral concessions
The bond market was duh and slight
ly easier IN tendency. The sales we're
s., 03S 900.
The government bonds were strong
and higher on transactions Of SOL, 900.