The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-12-22
Much Interest I'm Prospective ship.
ments OF Gold TO Europe This Week,
Estimated mt sI0,000,000.
INTERVIEWS WITH BANKERS
ONE IMPORTANT FAILURE REPORT
ED AT PHILADELPHIA.
Losses ON the Quaker City Exchange
Estimated at s5o,ooo, ,ooo-specuIs-
tors mt Boston I'm q Panicly State.

LONDON. Dec. n--Public attention here
is almost entirely diverted from the polit-
ical to the financial aspect OF the vene-
zuelan situation. The rumor circulated in
this city that the Rothschilds had decided
to Immediately withdraw f5.0oo.0oo ca. .ooo.-
ooo) from America is attracting great at
tention. But the Rothschilds informed the
Associated Press to-day that this report.
as we'll as the report OF the collapse %
negotiations for United States loan. were
utterly untrue; that no negotiations were
pending regarding a loan. and that no
Withdrawals Of gold from the United States
had been ordered on account OF the Roth
schilds. A representative OF the Associated
Press also called at Morgans. Brown 4
Shipley's. Morton & Roses and num-
Der of other leading banking houses and
especially those connected with the United
States. They generally regarded the stu.
alton as being more favorable. The head
OF one OF the prominent banking firms
said: 'It seems that the political question
is now laid at rest by the authorization OF
the appointment of a commission Of sensi-
BILE men who will have time to make their
influence celt. My kilograms show no no.
tices OF withdrawal for boarding" Con-
tinuing. the banker said: 'T am satisfied
that nothing serious viii come OF IL"
The manager of house whose influence
is felt in every big financial transaction
remarked: IF European investors take
everything seriously there is no knowing
where the decline will stop. But the outlook
Is somewhat more favorable to-day. After
all, the merchants and bankers must make
their influence felt, and we have indications
that the really serious business men OF
America are anxious to undo the harm
the jingoes have done"
The stock Exchange opened w1tn tend
ency to panic. All classes Of securities
were freely offered. foreign government
securities were heavy and the American
market was quite disorganized. In fact,
IL was difficult to obtain quotations Soon
after the market opened Milwaukee feu
points, Louisville 4, Canadian Pacific "a
and Denver preferred Sl. This was fol-
lowed by a partial recovery, and the mar
ket closed steadier. There was recovery
from the worst points shown. though the
prices reached were below those OF last
evening. The general feeling on the Stock
Exchange here was that It will be diff
ficult task to restore the confidence OF or
binary investors in American securities
They were largely dealt in, however. on
the street after the close OF the Stock Ex-
change and a better tendency was noticed.
The official finish prices were fully main-
tained on more reassuring reports from
New York.
Most of the afternoon papers publish
comparative tables showing great differ
ence between the prices Of American stocks
before President Cleveland's message on
the Venezuelan matter was sent TO Congress
and fha nrices of fo-d8y
Correspondents View.
NEW YORK. Dec. H-The Evening Posts
London financial cablesram says: The
stock market here opened iiat this morn
ing, but improved on a report that the
Senate was sitting TO consider means for
relieving the financial situation. At p.
m. prices were still more steady, mainly
on bears covering here and fairly large pur-
chases from Amsterdam. louisville. which
has been 80. is now 425k ard so on. II would
be impossible, however, to exaggerate the
seriousness Of the blow given here to Amer
lean credit. The largest and most re-
sponsible newspapers here warn investors
against throwing away their stocks In
panlcky markets. but with each recovery
there is a rush TO realize, especially In
public that il sentiments towards England
expressed i'm the manner chosen by the
President are really indorsed by the Amer
lean nation the United States Is no longer
a safe resting place for foreign capital.
The other markets still share in the gem
eral slump. including mines. although many
persons urge, and With reason. that mines
will now attract more speculative capital
than ever"
Opinions Of French Bankers.
PARIS, Dec. PA representative OF the
Associated Press has had interviews with
the principal importers OF gold from Ameri-
ca. including the house OF Aliard. Hirscn.
I4azard LAzard, and the Compton,
d d'Escompte and Credit Lyonnaise. with the
view OF obtaining their opinion upon the
financial situation I'm the United States
The substance OF their remarks is that II de-
psnds entirely upon the action or Congress.
n Congress does nothing they claim the
situation VIII. unavOidably. become serious.