The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-11-09


ated by disturbing reports as TO the
European political situation and the
oyer-speculafion in mining shares and
the apprehension caused by the con tin
! ued strength OF the market for ster-
ling exchange. Fairly free selling OF
number Of the international shares
for foreign account was an important
feature OF the market The heaviest
loss in the railway list occurred in
Louisville and Nashville per cent and
was accredited to liquidation by Euro
pean investors. Selling from the same
source also caused substantial declines
in other shares having a foreign con-
nection- Denver preferred lost pa per
cent; St Paul 21s per cent: Atchison,
when Issued, IA per cent; and Southern
preferred IL per cent.
The fears OF gold exports were again
unJustliled, as no engagements have
been made for tomorrow's steamers
Aside from the foreign OPERA tons re-
ferred 10, and which included stocks
| other than the ones mentioned. the ira
ding was for the most part of profess
sional character. The railroad earn
ings again constituted about the most
important item bearing the share prices
Atchison exhibited decrease for the
system OF sl14,76s in gross earnings for
the fourth week in October. Other re-
ports were uniformly unfavorable.
The market opened active and weak.
Louisville and Nashville and Denver
preferred fell OF rs per cent and Cen
eral Electric l per cent. incidentally
IL may be noted that no confirmation
OF the reported negotiations between
the last mentioned company and West
fFzcrr e ~ !
ward movement soon halted and under
the leadership OF the industrial shares
prices improved throughout. Leather
preferred gained IL per cent: Sugar
IA per cent; Tobacco, Susquehanna
and Western preferred and Wheeling
and Lake Erie preferred l per cent.
Shortly after IL O'Clock the market
again displayed reactionary tenden-
cy on the gold export expectations
and depressing foreign news. Renewed
selling OF the international shares took
place and the general list sympathized
The downward trend was uninterrupt-
ed until just before the close when sup
port appearing in Sugar that stock
gained Is per cent, and other promi-
nent shares improved TO a less extent.
The treasurer of the company was
heard from today in an interview con-
firming the reports of the re-opening
OF the refineries within the next few
days. 1t is alleged that the imports
Of foreign sugars into this country at
this time are niconsiderable and do not
exert any such influence upon the do
mestic markets. The controlling fac
tor in the raw sugar market is the large
stocks of beet sugars in London. The
closing was steady but at sharp con-
cesSionS in prices in some Instances as
compared with the final sales of the
preceding day. Erie Telegraph fell
off to So per cent; ex-dividend OF per
cent, against 81 per cent, the preceding
sale.
Bonds were quiet and depressed with
the declines as rule unimportant- Wa
bash debentures, series 3, gave way
31s per cent: Ohio Southern fours 2h
per cent; Erie second consuls stamped
IL per cent and Savannah and West
ern first trust receipts l per cent Nor
thern Pacific collateral trust skies
gained per cent The aggregate sales
were 81, 409, 900.
Governments were higher on purchas-
es of s44, 500.
In state bonds trade was slow and
sales were $4,000, Virginia deferred
and $1,000 Louisiana consol tours.
New York, Nov. S-Bradstreet's Re
view Of the stock market tomorrow Will
say: The steady decline which has
been going on for some time in stock
prices apparently eliminated in the
early part OF the present week. Ex-
IRENE unsteadineSs characterized the
market and the larger operators were
evidently using their power to force
values as low as possible and thus
shake out such stocks as remained in
weak hands. By Wednesday IL be-
come evident that liquidation had
about run its course and that the pro-
fessionals were inclined TO purchase on
any further depressions rather than
sell on rallies. The increase In the
bear interest is also an element OF i'm
portance. A good many holdings have
apparently passed from weak specula-
tors into the possession OF strong inter
ests The combined influence OF the
enlarged bear account and Of the trad
ers who considered that a rally was
due. resulted in tendency to advance
prices
The troubles IN the foreign markets
which reaSserted their influence on
Friday, are considered as seriously In
q temporary sense Prices have in
some cases ben forced lower but the
selling. save in some cases where for
eign interests were involved. was main
ly for the short account