The herald., 1895-11-11
ON THE EUROPEAN BOURSES
Today's Settlement Anticipated With
tine Gravest Anxiety
The Collapse Is So General That No Re-
covery Is Expected to Take Place
This Year

LONDON, Nov. 10. The CRITICAL po-
sition of the different European boursei
during the week has compelled discount
brokers, as a measure of preoaution, to
advance money rates slightly. The
week on the stock exchanges proved SC
disastrous thrt the settlement commence
ing tomorrow is anticipated with the
greatest anxiety. 1t is almost certain
that some failures will then be announced
The fall of London consols and othel
gilt edged securities has been altogether
because they have been already torceo
abnormally high; Decline IN prices il
almost all Of the speculative market
range from to 5 per cent. dealings II
mining securities are very limited
Comparisons W 18th the prices of monti
ago show how serious the fall has beer
even in the best reputed mining stocks
In the foreign markets the greatest col
lapse has been IN Turkish and Italian
develop, it is improbable that any
noticeable recovery will take place this
year
The weeks declines are as follows:
Louisville and Nashville, 6I; Denver
preferred, 5; Atchison, Erie, LAKE Shore
and Pennsylvania, ~; Reading tirsts,
Atchison Erst mortsagss and Wabash
SI4eS, O4 fts Iaul, ODlOu L anu
Wabash, 2; Canada Pacific, AS; Grand
Trunk guaranteed, "a.
MANCHESTER, Nov. 10.-The mar.
ket during the week was Gull and dis
couraging, little business having been
done and stocks accum ulating, both OF
yarn aid cloth, in spite OF the mum Der
of idle machines and the increasing
list OF employees in distress. Lots OF
yarns were sold at an eighth decline, but
regular quotations renamed nomin ally
unchanged. Cloth teels the continued
absence of the India demand keenly,
only small assorted lots being daily sold,
offers for quality and quantity ruling
much below cost.
PARIS, Nov: 10.--M. Doumer, minis.
fnanciers today and it is repoted that
he has cor vened a meeting for tomorrow
for the representatives OF the large houses
holding credit account for the purpose OF
acting in concert ana planning measures
to restore confidence at the bourse.
LONDON, Nov, 10.-The Paris CORE.
spondent of the Times says it is under.
Rothschilds on Saturday prevented the
panic at Paris from becoming positively
disastrous.
A dispatch to the Daily News from
Berlin says that but for the assistance
rendered by the Rothschilds on Saturday
bourse prices would have closed still
weaker. The panic could not have been
worse on the eve OF general European
war.
At Vienna. according to the Daily
News correspondent the newspapers were
thronged Saturday night with people who
were clinging to the hope that Lord Sal
isbury's speech Saturday at Londor
might possibly put an end to the panic
At meeting today at Vienna of the di
rsctors and managers of the princlpa
BANKS 1T was resolved in case the panic
should continue. to initiate collectiv,
action for the purpose of preventing tn,
further fall of securities.
dispatch to the Times from Vienn,
says since Fridays credit mobilier share
have fallen 20 forms. Austrian state rail
way shares 40 forms, Turkish lottery
bonds 20 forms, Turkish tobacco share
A forms.
Since the memorable collapse of 1873 n,
such startling panic has occurred a
Vienna.