The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-10-25
DECLINE KEEPS ON
AMOUNT OF BUSINESS DONE IN
SHARES rs MUCH LARGER
Liquidation by Dissatisfied Holders IL .
Feature-Exchanse Situation Operates
to the Same Resuit-London sells Inter
nationals-General Weakness Displayed
Eariy-Lesther Shares Continue . Gem
ter of Anxious Intsrest-Two Rallies,
the Last One Very Weak. Followed by
Renewed Declines-Net Losses General

New York. Oct. 24-The downward
movement in stocks continued today
upon a decided increase in the volume
of business. A feature OF the dealings
was liquidation upon a fairly large
scale by actual holders OF securities,
who have become dissatisfied on &C
count of the prolonged reactionary ten
dency Of the general list. The strength
Of the exchange market attracted I'M
favorable attention. Trading was brisk
at The opening, with prices somewhat
irregular. London selling OF information
al stocks was apparent IN the initial
dealings. General weakness was soon
displayed, although the losses scored
did not reach full figures. The selling
movement soon abated and recoveries
followed. extending to l per cent in
Leather preferred and Consolidated
Gas. Some buying Of the first named.
for long account, was said TO be based
upon rumors OF visible settlerpnent in
the leather market fight through the alb
sorption by the trust OF independent
tanneries The early announcement OF
an advance in the posted rates Of ex-
change by leading drawers TO 4Ssis and
1895, and a stiffening in the prices for
the market, inducing liquidation. espe-
cially in Manhattan and Tennessee
Coal. A feeble rally followed about
noon, but was soon succeeded by an
other slump which was practically I'M
interrupted up 10 the last hour. The
more important losses were in Manhat-
tan 2ts per cent; Lackawanna 2L per
cent; Tennessee Coal 2 per cent and
Missouri Pacific, Louisville and Nash
vii a1,a I'd
preferred IL per cent. There were sew
eral other declines reaching full figures.
Some surprise was expressed at the
weakness OF the anthracite coalers, in
view of the more favorable condition OF
the industry. Sugar was notably IN
steady within a range of about 1 per
cent and made net loss on the day OF
about 3 per cent. Around delivery
hour the selling pressure in the active
list abated and covering OF shorts caus-
ed a general fractional recovery. Spec
ulation left off quiet, but steady at the
rallies Final prices show general net
losses. in most instances fractional
The increased animation In the stock
speculation did not extend TO the bond
list. the dealings being but normal. The
movement Of prices, while toward a
lower level. did not reveal any especial
pressure in any Of the securities traded
in. The total sales were 81 800, 900.
FOREIGN STOCKS AND MONEY.
New York, Oct 24-The Evening
Posts financial cable from London says:
The coin and bullion in the Bank OF
England increased this week 34s. 900
pounds, of which only 81 900 was gold
Imported, the rest coming from internal
circulation. The details of the gold
movement for the week are 1884,
pounds in bars, $4,000 imported from
Australia and 5000 from Chill and 100.-
900 exported to Constantinopie. 1000. 900
to the Cape and 10000 to Argentina
The report cabled yesterday about
the Rothschilds coming to the rescue In
Paris is practically confirmed and it
has for the moment at least turned
the tide. A bank is being formed in
Paris with a capital of 100000 sterling
for the purpose Of facilitating arrange
ments at the next bourse settlement
The position here was materially i'm
proved today. Prices were all better
but It is still feared that the settlement
in Paris at the end of the month will
be serious II is impossible to say mean
while that the panic is over.
Americans were fat and closed at the
lowest on r1unors of further rise in
exchange.
London. Oct 24-The weekly state
ment OF the Bank of England issued
today shows. as compared with the
previous account: Total reserve in
creased $500 pounds: circulation de-
creased 10000: bullion increased 357.-
9S3; other securities increased PSI 600:
other deposits increased 167, 900; public
deposits Increased III 600: notes re-
serve increased 796. 900: government Sc
curfties decreased 5000. The proper
ton OF the Bank of England's reserve
to liability, which last week was 1892 |
per cent, is row 5s.06 per cent
Paris, Oct. 24-The weekly statement |
of the Bank OF France issued today |
shows the following changes as CON- |
pared with the previous account: Notes |
in circulation decreased 5000. 900 |
francs; treasury accounts increased |
DDS. 600; gold IN hand decreased 2.07O. 900: |
bills discounted increased 1925. 900: sill |
yer IN hand decreased s50. 900 francs
BANK CLEARINGS.
Philadelphia Oct 24.-Clearings ST., |
e5s. 9O5: balances s.. ss1 400.
st Louis. Oct 24.-Cleartngs 3,fs3.- |
7es; balances s4ss.722. Money 5G7 per I
cent New Yor~Aexchange sL25 dis !
count bid.