The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-11-01

u steady selling Tor the Foreign Ac-
connt- Banking Interests Furnish Sup
port and Easier Exchange Encouraees
Shorts to Cover-ApproachinEE European
Holiday Gives Favorable Assurance Re
garding Gold Observation-Disclosures
Situation n Affecting European stocks
New york, Oct. si-The stock mar
ket opened moderately active and went
partly under the influence Of lower
prices for American securities in Lon
don, attributed TO the financial and po-
liticll developments in Europe. There
was also steady selling for the foreign
account in this market. Support was
afforded byx powerful banking inter-
ests as upon the previous day and the
appearance Of the sustaining orders
and an easier tendency in the foreign
exchange market stimulated covering
Of shorts. The rally was only half
hearted. The volume OF business was
about one-third lighter than on We'd
nesday and the largest proportion Of
the trading was strictly professional.
An influence was exerted on specula-
ton by consideration OF the fact tina.
on account OF tomorrow being a holiday
in most parts Of Europe the demand
for remittances abroad would be too
light 10 admit os gold engagements for
this week The news of the day was
meagre. Some disappointment was ex-
pressed over the poStponement OF the
meeting Of the Trunk Line presidents
yesterday, as conclusive action had
been expected. Confidence is still gen.
eral, however, that a satisfactory
agreement will not be long delayed.
Soon after the opening a sharp rally
started under the leadership Of the in
dustrial shares. The Improvement did
not hold and the list was sympathet-
ically affected by a drive at the grang-
ers. Shortly after IL o'clock another
upward movement took place and con-
tinued. on buying for both accounts.
until 2 o'clock. In the meanwhile
number of important recoveries from
extreme low points had been made.
Leather, Tobacco, Missouri Pacific and
General Electric gained is per cent
and Wheeling and Lake Erie preferred
and Sugar ~ per cent. In the usually
inactive stocks some noteworthy fiuc-
tuations occurred. Hooking Valley
jumped ~ points. Illinois Steel react
ed Is per cent and Minnesota and ST.
Louis second preferred IL per cent. In
the last hour the market displayed
heaviness, especial pressure being
noted against Louisville and Nashville
and Tobacco. The closing was weak
with but few material changes in eth
er direction.
The total sales Of stocks today were
POI. III shares. including: American
Sugar 80, 600; American Tobacco Il goo;
Atchison 10.700; Burlington 2l.l00; Chi
cago Gas $500; Distilling $500; General
Electric 200; Kansas and Texas pre-
ferred $500; Louisville and Nashville
1880; Missouri Pacific 1880; Northern
Pacific preferred 300; Reading 1900;
Rock Island 500; st. Paul 24.0OO. Sill
yer certificates 5000; Southern Railway
preferred S.400: Tennessee Coal and
Iron $500; Leather preferred $500; Wa
bash preferred $500; Western Union s.
100; Wheeling and Lake Erie 1900.
An easier tone characterized the
early trading in bonds. In the late ses-
sion, however. prices stiffened all
around and the closing was firm with
the Reading issues we'll supported The
aggregate sales were s1.622.0 900.
The dealings in government bonds
aggregated $4,000.
FOREIGN STOCKS AND MONEY.
London, Oct 31.-The Standards
financial article says: The improve
ment in stock exchange prices toward
the close was due to the Paris Roths-
childs helping the Turkish group. One
large London arbitrage firm arranged
paying Immediately ten shillings on the
pound: but everything is held 10 be
sold. Two smaller firms were reported
in trouble"
New York, Oct. 3l-The Evening
Posts London cablegram says: The
stock market opened fat today on the
financial situation in Paris and adverse
rumors' about the European political
situation. Consols touched 1867. but
oil Il
kets closed better although the feeling
is very uncertain. The two keys 10
the Immediate future OF the markets
are the Paris monthly settlement be-
binning today and European politics.
Americans have been fat but there
was a strong rally after hours.
The coin and bullion in the Bank OF
England increased this week f17e.0oO.
of which f66, 900 came from abroad and
the rest from internal circulation. The
details of the gold movement for the
week were f137. 900 bars bought. $4,000
exported to Roumania and 1900 10
Bombay Eight and a quarter mill
ions sterling was formally transferred
today from the Chinese TO the Japan
csc government, being one-fourth OF
the whole indemnity. The money stili
lies in the Bank Of England but may
OF course be withdrawn in whole or
part at any moment for Japanese re-
duirements The Paris and Berlin
markets were fat today.
London. Oct 31.-Consols for money
and the account 107. Canadian Paci-
fc. 5sA: Erie. 121z; Erie seconds. 77ls;
Illinois Central. 1917; Mexican ordin-
airy. 2OIz: St Paul common. 76k: New
York Central, 1924; Pennsylvania, 5Ils;
Reading, X: Mexican Central new
fours, T1Z. Bar silver, Bid per ounce.
Money, u per cent The rate Of dis
count in the open market for short bills
and for three months bills = per cent
London, Oct 31.-The amount OF bull
lion gone into the Bank OF England on
balances today al. 90.
Berlin. Oct 31-Exchange on Lon
don eight days sight, 20 marks. 4Si9
pigs.
Paris. Oct. 31.-Three per cent rentes
60 francs. s. centines for the account
Exchange on London Is francs. = cen
tines for checks.
LOANS AND CLFARINGS-
New York. Oct 3I--Noney on call
easy 2S3 per cent: last loan 2. closed ,
per cent Prime mercantile paper "a
81 per cent Sterling exchange steady
with actual business IN bankers bills
al a. ssizd4ss for demand and ASiz
G4s7a for sixty days. Posted rates
81 ssIs Gls sis Commercial bills h-sss.-
Silver certificates ga ASH
Government bonds. new fou-s y Per
cent lower: others steady. state bonds
inactive. Railroad bonds firm
New York. Oct E.-ClearInEs Ss4.-
go. 80; balances sss ~ %
Boston. Oct 5i--Clesri1gs f1s.S7s.s73s
balances s2.s47 7sl
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