The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-11-08
MORE MAKE GAINS
STOCK MARKET DEVELOPS AN AD-
VaECING TENDENCY.

STOCK MARKET DEVELOPS AN AD-
VaEcIEG TENDENCY.
London Both Buys and Sells-Railrosd
Earnings Favorable for October-Lead-
ing Europeaa Financial Centers send
More Measuring News bat Sterling Tx
change ID Sitter, which Is Taken Ad-
vantage of by the Bears-Railway
Shares Receive Good support-Bonds
Active and strong-Markets Abroad.
New York, Nov. 7-But little trans
red today bearing upon the speculation
of stocks. London was alternately buy
er and seller in this market. In most
instances the railroad earnings published
for the fourth week IN October were ia
vorable- Advices from the leading Eu-
ropean financitl centers were more re-
assuring. Per contra, the rates OF sterl-
ing exchange took a sitter turn, al
though 50 far as can be learned no ar
rangements have yet been made for the
export of gold. The continued scarcity
of commercial bills excites unfavoraole
comment. Reports that practically all
of the large sugar refneries except the
Franklin OF Philadelphia, would resume
operations this week. failed to exert a
permanently sustaining influence upon
the price of the stock. The aggregate
volume of business was fairly large,
with the grangers and leading indus
trials attracting the greatest attention.
As a whole, there was less liquidation,
although several noteworthy exceptions
were in evidence
The market opened moderately active
and irregular. A hardening tendency
soon developed, and on increased deal
ings, prices began to move upward.
The improvement extended to 2 per cent
in Tobacco and Leather preferred. Fol-
lowing their usual program, the bears
started a raid about IL O'Clock today,
taking advantage of an advance IN
sterling exchange figures. Chicago Gas
was depressed 2h per cent and less ma
terial losses occurred in other shares.
After midday excellent support appeared
in the railway shares and advances
were made in them TO the best OF the
day Toward O'Clock sales OF both ac-
counts caused a slump in values, in
which Leather preferred sold down TO 90
per cent, as against 90 per cent. the
early high point The decline was re-
garded as largely due to renewed hqui-
dataon. The shutting down Of the tan
neries of the United States Leather COM
pany has not caused ripple in the sole
leather market and business in dry
hides is at proctical standstin, al
though prices are quoted steady. In
the late speculation a firmer tone was
discoverible and the closing was strong
with many stocks recording substantial
net gains. In the usually inactive
shares, New England broke to 40 per
cent, against 81 per cent, the last pre-
ceding sale on the first instant. Nor
folk and Sou thern rose to 40 per cent,
against So per cent the previous trans
action. Wheeling and Lake Erie pre-
ferred advanced is per cent, declined
3 per cent and subsequently rallied IFS
per cent.
Bonds We're moderately active and
generally strong. Chicago and North
ern Pacific firsts trust receipts. Alton
and Terre Haute firsts and Wabash
seconds rose IL per cent; Brooklyn ele-
waited seconds IL per cent: Atchison
seconds trust receipts and do ADJUST
ment tours, when Issued. IN per cent;
Union Pacific. Denver and Gulf firsts,
1h per cent, and Erie firsts consols.
Kansas and Texas seconds and Cotton
Oil Fights, l per cent. Declines: Louis
vile and New Albany consols per
cent; Pacific OF Missouri firsts Ia per
cent: East Tennessee reorganization
lien fours and fives IL per cent and
Cleveland, Cincinnati, Chicago and ST.
Louis, St. Louis division, fours. Mime
sofa and St Louis oonSol fives. New
York and Manhattan Beach firsts. Cor
dage firsts trust receipts and Iron
Were s1.742. 900.
Governments were steady on trans
action of 5000.
FOREIGN STOCKS AND MONEY.
New Yor. Nov. THE Evening Posts
finacitl cablegram:
London-Of the decrease of sol pounds
in the Bank of England's coin and bull
lion this week. 491, 900 pounds was gold
exported and the rest went into cfrcu-
latiOn at home. The decrease Of over
100, 900 pounds in other deposits shows
that the market supplies of cash are
less plentiful and justifies rise in dis
count here. The details OF the golc
movement for the week are $4,000
pounds to Egypt, 100. 900 pounds to Tur-
key, 100000 to Paris. 5000 TO Malta,
"a. 900 bars were bought. 5000 imported
from Australia.
The stock markets were dull to nat
today under steady liquidation in all
departments by those who are forced 10
realize in order TO pay differences In
mines The political situation also de-
pressed the markets.
Americans were weak, closing a frac-
ton better.
Paris.@The bourse opened firm but
closed ull. The firm mentioned yester-
day paid ten shillings on the pound with
a promise of further installments.
London. Eng, Nov. THE weekly
statement OF the Bank OF England. Is
sued today, shows the following chang
as compared with the previous account:
Total reserve decreased $50 900; circula-
ton increased As 900; bullion decreased
sol .3S5: other securities increased lOs,-
coo: other deposits decreased i. $4,000:
public deposits decreased 5000: notes
reserve decrea sed s23, 900; government
securities unchanged
The proportion Of the Bank Of Eng
lands reserve TO liabilities which was
last week s.i3 per cent, Is now $50 per
cent
BANK CI>ARINGS.
Philadelphia, Pa. Nov. 7.-Clearings
SIS. Zs. 5si: balances 1885, ,5si-
St Louis. Nov. 7.-Clesrt1gs A.42s.-
1s7: balances t5fs, is4. Money SAL Per
cent. New York exchange % cents dis
count It'd.
DRY GOODS MARKET