The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-11-12
Caused by the War Scare and
the Mining Collapse.
ALIAYED BY LORD SALISBURY.
The Austrian Parliament Asks the
Government 10 Investigate.
In Paris Baron Rothschild and Others
Come To the Rescue-The Imperial
Many small Failures Expected in
London.

Vienna Nov 1.-THE speech OF the Mar
quis of Salisbury had auieting effect ueou
the bOurse here. The situation has GER
tainly improved. Many purchasing orders
were executed during the day for secari<
ties the Official list. There was greAc
excitement. however. when the markes
opened. all the banks being heavy purchas-
ers. but later prices became easier. In the
Teichsrath today, after a speech by Chuv.
sllor de Bilnski. minister of finance. wno
declared the hourSe 10 ne ia a sound cons
diton, a proposition from some Of tho
members that the government assist the
bourse was rejected. A motion asking tho
government 10 inquire into the report upon
The causes OF the panic Of last Saturday
was carried
Paris, Nov. IA semi-ofileial note was
issued this afternoon. saying: AS a resrtd
Of conferences ihis morning at the minis
try Of finance. measures have been taken
20 remove the panic prevailing on the
bourse. Baron R0thschild has conferred
with the principal Paris bankers, and 10
is understood ihe latter have decided TO
intervene" Baron Rothschil1 and the mln-
lister Of finance. NJ. Domer. had a conferences
lhis morning. and subsequently the latter
received the governor Of the Bank Oh
France and a syndicate Of tho agents ex-
change The speech Of the Marquis OF Sa<
lisbury had good effect here.
The Temps, referring 10 the financial
situation says: Whatever form the in
tervention of Baron Rothschild and tbs
other bankers take, il viii not aim at rails
ing prices. Such result would facilitate
the settlement Of foreign bourses on thu
Paris market. 20 the detriment of the lat
ter IL VIII suffice TO arrest the fall OF cer-
tain stocks which have declined heavily,
removing the fears OF small investors and
obliging spectators TO settle at any cost
before the end of November.
The Courier Soir learns that the bank
ers have formed guarantee fund of ao,-
100000 francs for the purpose of facilitate
ing liquidation OF the bourse.
Berlin. Nov. 11.-lrhere was better feel
ing on the bourse here today. as a rssuit
of the speech OF the Marquis OF Salisbury
in London on Saturday. The official
Reichszanzeiger this evening says that at
a meeting of the Imperial bank today
Dr. Koch. director Of that Institution, ex-
planned that the raising of the bank rate
was unavoidable. Public deposits for ths
past week. he added. had decreased 3d.
aoo.0o0 marSs. S9.n0o.90 marks in gold had
been Withdrawn since December last. and
the note reserve was 80. 600 GOO marks lower
than on October 3. Therefore. In view
Of tho fact that private discount has risen
as high as the hank rate. and taking into
account the strtngency OF money. the I'M
perial bank was compelled 70 raise Its
rate.
London Nov. 1.-THE market opened
strong this morning. the speech of the Mar
gus of Salisbury az the lord mayors BAN
quat having had a reassuring effect. Prices
were better in all departments. The re-
covery would have been more marked but
for anxiety felt regarding the coming set
tlement. The accounts OF firm interested
in 900 shares are now being closed. Many
others. mostly small, WILL IL is feared. sue
cumb