The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-12-28
FOOLS THE TRADERS
LONDON QUOTATIONS. CONE LOWER
INSTEAD OF HIGHER.

ness Increased by the Gold Export Es,i-
mates, the General Unsatisfactory FL
nanci.l Conditions and Unfavorab.e
Railway News Close is at the Lowest
Break in Bonds-London Loan Talk.
New York. Dec. 27.-The temper OF
speculation today was feveriSh and un-
settled A variety OF influences cen
trsbuted TO bring about depression. In
-the first place. instead Of higher range
of prices fer American securities in the
LoIScol market. as the local traders ex-
pectsd. although upon what basis could
not be reasonably explained. quota
tons from that center showed declines
IN the tnternatsonals. extending 10 IL
per cent in Louisville and Nashville.
The weakness was set down TO dissatis-
faction over the terms OF The proposed
new revenue bill. This criticism met
with only partial acceptance.
TIE local trading was unfavorably
affected. sympa ohetioally, and material
~. declines were recorded al the outset
Of the busiress, especially in the granS-
er's and induStriass. To account for
the weakness, stress was also laid upon
the estimated shipments Of gold by to-
morrow'S steamer. which Were only par
lily verified; upon the unsettled fnan-
csai conditions generally. upon a dis
appointing exhibit of earnings by the
Chicago, Burlir gtoa and Quincy for No
velnber and the eleven months up TO
November p, an3 finally. upon the ru-
mcrs affecting the credit Of the Balti-
more and Ohio railroad. A specific de-
nal Of OF
The reactionaCy movement was soon
stemTned by covering purchases for
shoTN account ard, TO a moderate ex-
tent, by commission houses. The i'm
provemerfts resulting We're, however.
1-co-s2deraoLe. except in one or two in
stances. Chicago Gas responded to
me news of denial by Judge Bischofr
or the motion TO make permanent the in
Junction restraining The committee
from perfectdng the plan OF consolida-
ton, by an advance of "a per cent. The
attack or Baleimore and Ohio resulted
in a decline OF ~ per cent. and incl
Centally caused drop of 81 per cent
in Western Union. on the inference that
the alleged financial difficulties OF me
first mentioned company would COM
pei the sale of Its holdings OF Western
Union, amounting to 80 600 shares. A
decline OF Per cent in Lacka wanna,
following the announcement by Presi-
dent Shan rtls't the regular quarterly
dividend Of IN per cent would be de-
clared later IN the day was ore Of the
anomalies Of the speculation. It was
also aUthorftaltively stated that the
Delaware and HUDSON canal Will main
tain Its per cert dividend rate in 1896.
This condition Of things is supposed TO
be due 10 the decidedly unsatisfactory
condition of the anthracite trade. The
market during the last hour of trade
displayed prUrouEced heaviness Sugar
scored a net decline of per cent, Chi
cago Gas lost all of the early improve
ment and other leading shares lost from
i TO 2ss per cent net, the last in Louis
vile ard Nashville. The closing was
fairly active and at the lowest figures
of the day
The early trading IN bonds was char
acterlzed by firmness. In the Kate ses-
sion. however, break, mat er-ial in some
Instances, occurred. The dealings ag-
gregated $685. 900.
The dealings in government bonds
aggregated only $1,000. There were no
notable changes In prices.
GOLD EXPORTS.
New York. Dec. 27.-Baring. Morgan
& Co, will ship $500, 900 gold tomorrow
for the account of Peabody x Co.
Others have decided to make ship
ments also and the estimated amount
OF gold TO be sent out tomorrow Is be-
tween three and four millions.
The s2,0e0.000 in gold which was en-
gagged for expectation has been ordered
at the sub-treasury and assay office.
OF this amount 81, 600, 900 will be IN bars
and the balance in coin.
LOAN TALK IN LONDON.
New York, Dec. 27.-The Evening
Posts financial cablegram says:
London, Eng, Dec. FL understand
that active negotiations are proceeding
relative TO placing Il United States loan
here. Il says much for the improve
ment II the general situation that the
matter appears to be receiving serious
consideration. In certain quarters, a
4 per cent coin bond at par Is spoken OF.
and it would go here, but II is believed
that congress may authorize the issue
of a 3 per cent loan Much. OF course.
depends on politics. An Official utter
ance from the United States OF friendly
and peaceful sentiments is all that Is
required to insure the successful float
ton Of loan here at a. rate not much
below the previous loan. At present
a big house looks askaace at the mat
ter.
AlC IflfT htNS were pNLEpT All rnU0u to-
day. closing at the best. except for
Americans, which have been wei IN
der parity all day. There was smart
recovery in foreign stocks and mines on
Continental buying.
The general settle ment has commenc-
ed. ConEangoes on Americas were IS I
per cent Heavy differences are 70 b. 4
met In that department. but no ;rou-
bic Is feared here. All The continental .
courses were bstter today. Paris ard 4
Berlin lead.
FOREIGN BANK STATEMENTS.
London. Dec. 27.-The weekly state 4
nent OF the Bank Of England shows the !
changes as compared with the /
previous account: Total reserve. de-
,reaSe ass. 600 pounds: circulation. n
,rease $4,000 pounds: bullion. decrease /
"a, PA pounds; other securities, increase
rs. oo0 pounds: other deposits. decrease
!. $4,000 pounds; public deposits. tn
'rease $1,000 pounds: notes reserve. de-
,rease LBS. 600 pounds: government Sc
,urices, increase 10o. 90 pounds.
The proportion Of the banks reserve
o liability. which last week vas COZ
,er cent. = now 5s.s2 per cent
The amount Of bullion gone into the
Bank OF England is %. 90 pounds. Gold
= quoted a. Buencs Ayres 70 day 254sG.
Madrid 1872; Lisbon .. -. Petersburg.
%: Athens -; Rome 1910: Vlena I01.
Berlin. Dec. 27.-ENchsuEe on London
ight days sigh; zeia marks. "a fen
l!gz.
London Ezg.. Dec flowing . holi-
lay Tegu.Terne MS. czsh Ess gy-e Ia-gs-
y ;-no circulation The Park Of Eng
and's corr and bullion are dOxn tbs
reek s4i 60 pyu-s3s. and tt1e reserve
sctes and Cofa are down orse s-gi a kzlf
rlliltO-E. 3. 90 pounds gold o. was I'm
soTTszi foy tEe week. he details being |
-. 60 bars bought. - Co imported f11nn
Io1srd and 1860 frp<n Lkboa. znd lis. J