New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-11-17
THE VIENNA BOURSE UPSET.
REMARK BY The EMPEROR The CAUSE.


HOW PUBLIC CONFIDENCE WAS RESTORED.
Vienna, Nov. 16.-Therc was a panic the Bourse
on saturday in consequence of report printed In the
"Tageblatt" TO the effect that Emperor Francis Joseph
had stated that the European situation was critical
owing to this rumor rentes fell per cent within an
hour while Austrian Credit shares dropped ten, and
Nordbahn seventy forms. Other stocks shared IN
the fall, and the general decline such as might
on the eve OF Finally the " "Awendpost,'
acting under the instructions ofs Prime Minister Won
Taafe, issued a statement denying that there
truth In the report concerning the Emperor's utter
ances The market then recovered rapidly and public
confidence was in measure restored. The panic
was the greatest that has occurred here since the
great collapse of 1873. Many persons threw their
holdings the rapidly falling market at any price
they could get, and lost large sums of money. Some
of the more cooheaded and less creduous members OF
the Bourse took no part in the selling movement but
as prices gave way under the heavy offerings, ap
pearcd as buyers, with the result that when the
market closed rather frmer AngloAustrian Bank
they were In a position TO take heavy profits. Baron
Albert Rothschild, who had not been seen on the
Exchange since 1873, appeareA on the Bourse and
after an interview with Minister of Finance, sent
all of his brokers TO bug up all available stock
Although the Bourse is weak and unsettled today,
the tone became better In the late dealings. and the
market closed rather frmer. AngloAustrlan bang
shares and Hungarian gold rentes closed one point
down on the day. Lombardo- Venetian railway shares
recovered point.
Notwithstanding the denials made by high officials
Of the statement published in the "Tageblatt on sat
urday that paper to-day insists that its report was
strictly correct. 1t says that the remark quoted was
made by the Emperor upon the occasion OF an audi
ence granted by His Majesty TO the president OF
Polish club 1t reiterates the assertion that In the
conversation that then took place the Emperor used the
attributed to him by the "Tagebatt' on Satur
day. which, in substance, were that the famine whicD
now prevails in Russia has greatly increased the
chances Of war"
SO confident is the "Tageblatt' in the truthfulness OF
the person who furnished the information which had
such serious financial results that 1t has asked the
Public Prosecutor to make close and searching IN
vestigaton as to the truth of the article, ana as 10
the papers good faith in printing the statement Inc
Tagebatt" also urges the committee OF the Bourse 10
support it In its demand that all the facts be mace
clear by an investigation upon the part of the Public
Prosecutor.
At a meeting of the Budget Committee today,
Count Kalnoky assured the committee that the EN-
perors speech, referred to by the Tageblat" oug'
to cause no uneasness; that although the Emperor
drew attention TO the contradiction between the prepara
ons for war and the talk of peace, the Government
hoped that the problem presented by the strained stua
uon would find a peaceful solution Referring 10
SATURDAYS panic on the Vienna Bourse. Count Kalnoky
said that the public did not understand how 10 take
reasonable view of the situation: that one serious word
exaggerated TO serve private ends, was Suhcieht 10
evoke unwarranted panic. ,,..
In speech at meeting OF the Army COmmi'ee
to-day, the Minister of War said that the statement
which had been made by his predecessor. to the effect
that the army ready TO take the Held al any
moment il might be called 10 render service 10
the Government. justified at the time that tlls
utteranco delivered. We're his predecessor IN
Office now however, he would not be able to make the
same statement - the requirements OF the army had
so Changed that IL could longer be said to be ready
for Instant service.
FEELING ON THE OTHER EUROPEAN EXCHANGES.
Paris, Nov. 16.-Owing TO an attempt on the part
of bear operators to create panic in the shares OF
the new Compton d'Escompte, Chairman De Nor
mande on Saturday took the bold course Of issuing
a circular protesting against calumnious reports and
explaining tine position aud transactions Of the Compton
d'Escompte. By this step he war1ed on what ap-
peared to be an Inevitable run on the bank.
Prices on the Petite Bourse closed hrmer today.
Three per cent rentes quoted at 15c above the
official closing price. Spanish and Russian securities
Banque de Paris ct des Pay Bas dropped so francs
to-day.
London Nov 16.-The tone at the Stock Exchange
to-day has been depressed. Little business was DONE
and the greater portion of this consisted of bear transac
tons. Russian securities dropped one point. South
American securities, however, were frmer.
Berlin, Nov. 16.-TheIc were large sales Of foreign
Government securities the Bourse here to-day. Tho
selling was due to unfavorabe advces received from
Paris. There general decline in prices, ranging
from 1-2 TO 1-2 per cent Russian securities were
the most depressed.
Frankfort, Nov. 16.-Tlle stock market here today
was depressed. All foreign Government securities
in ftp h0ur fol 1-Df 10 I CpQ