The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-11-12
CROSSED THE POND
INFLUENCES ON THE STOCK MARKET
CONE FROM ABROAD.

Clearer Political Outlook and Americans
Higher In London are Reported Before
the Opening and there Il . More Cheer
full Taking Hold In the Besfnnins-Ef-
feet OF Gold Withdrawals Discountsd-
Railway Earnings Mainly Favorable
Close Heavy. Changes Generally Gains
Gold Export Situation.
New York, Nov IL Foreign devel-
opments again exerted paramount In
f1uence upon the transactions at the
New York stock exchange markets.
Previous to the opening higher prices
for American securities In London and
more encouraging reports as to the for
eign financial and political situation
caused a more cheerful sentiment. De.
spite the expectation Of gold engage
ments for export Under this stimulus
the market opened strong and active
and material advances occurred on
some on the leading shares. A fea-
ture Of the early trading was the exc
cution Of buying orders from London
for both accounts, of some OF the In
ternational stocks which had recently
borne the brunt of foreign hquida-
ton. The edge Of the Improvement
was soon taken OF by a raid on the in
dustrial group, in which Chicago Gas
suffered TO the extent of 2k per cent.
Other losses in this department ranged
up TO is per cent in Sugar. The SELL
sx,<r 80 u fr-c- attended hX
a revival of the rumors of probable
hostile measures against the company
by the attorney general of this state.
The railway list was also easier al
though the losses were unimportant.
The last named again moved upward
after midday and advances were re-
corded over Saturdays final sales ex-
tending Do 2H per cent in Louisville
and Nashville. Lake Shore gained lis
per cent; St. Paul, IL per cent; Nor
folk and Western preferred and Man.
haitian IL per cent, and AtchlSon pre-
ferred, when issued, and Rock Island
III per cent. The induStlialS SYM
pathized and recovered quite little
of the early losses. Pacific Mail and
Tennessee Coal were conspicuous in the
specialities by advances of "a per
cent and is per cent respectively.
There was no special news regarding
either of the properties.
The engagement OF 81 ,n00. 900 in gold
for export tomorrow by leading COM
mercial house proved to have been dis
counted as the more reassurtng news
from abroad was considered 10 over
shadow il. A number OF returns or
railroad earnings for the first week in
November came to hand and was with
the exception of the southwestern pro-
perties mostly favorable. The specu-
lation as a whole was traders mar
ket, the dealings rejecting IN most in
stances the covering OF contracts. and
the volume OF business fell consider
ably short Of recent full day lots
Metropolitan Transaction sagSed eff
2A per cent IN sympathy with the
slump in Traction stocks In Philadel-
phia- The final realizing sales caused
fractional recessions in the general
market. The closing was heavy but
the net changes were as rule gains.
Bonds were moderately active, with
the changes mainly narrow. Miiwau-
kee and Northern first consols OF $500
advanced IL per cent: Cordage firsts
trust receipts. rs per cent; Atchison
adjustments fours, Lake Erie, ana
Missouri, Kansas and Eastern frsts.
~ per cent, and Lake Erie and West
ern firsts 1 per cent. Oregon Improve
ments firsts fell 21z per cent; Missouri
Pacific consols skies and Oregon Short
Line skies, IL per cent and Reading
Trust receipts unstampel, Houston
and Central general fours. Tennessee
Coal firsts and Birmingham and I'm
ion Pacific gold skies, i per cent The
sales were, 81 So, 900.
Governments were without import
ant changes on transactions Of $4,000.
In state securities $4,000 Virginia de-
ferred skies stamped and 5000 Louis
lana consol tours changed hands
GOLD SHIPMENTS.
New York, Nov. 11.-W. II. Crossnan
and Brothers have withdrawn $1,000, 600
from the sub-treasury for Europe.
Washington. Nov. n.-Today's with
drawls of 81, zoo, 900 in gold for export
by Crossman OF New York, was not in
any sense a surprise 10 the treasury
officials, yet the announcement was not
welcome news. No explanation Is or
fered, and as to the probabilities OF
further shipments the officials seem 70
be quite as much in the dark is out
siders. They do not disguise the fact
that they are apprehensive OF the fu-
ture The last shipment of any i'm
portance occurred on SEPTEMBER q last
when the reserve stood at about fy2.-
500. 600 which Is almost the exact
amount at which II stands today.
FOREIGN STOCKS AND MONEY.
New York, Nov. 1.-THE Evening
Posts financial cablegram says: The
city warmly approved of Lord Sails
bury's speech at he Lord Mayors din
ner and considered it as reassuring on
account of the statement that the Eu-
ropean powers are acting in concert
The stock markets. however, are Ut
terly disorganiZed through the sharp
ness of the fall and uncertainty of the
financial situation on the continental
bourses. The imperial Bank Of Ger
many today raised its discount rate to
4 per cent and its rate OF interest or
advances TO AZ per cent
In the afternoon prices were generally
better, although closing a shade below
the best. Consols have been at lsh
Der cent but closed at IoSIs per cent
The settlement in mining shares bas
commenced here. The differences TO %
met are enormous but the account open
has been greatly reduced and the pos.
ton OF our market Is probably healthie'
than for months past Several failures
are expected a. the general settlement
commencing tomorrow. but IL il hoped
that no big firm will fall The con
ttnent remains the weakest spot -
pecialiy Paris and Vienna II Is under
stood that French bankers have decd
ed 10 support their boUrse by lendias
more freely but nothing VIII be done e
encourage the continuance OF the fur
,her mining speculation there Tn
| English public are beginning 20 bu1
| mines again al the lower prices
Americans opened fat, but later WEI
better and at the close we're steady vii;
good buying for Paris and Berlin Con
l di-ions Kere better from start 20 Hzfes