The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-12-21
LONDON LEADS BACK
CONTINUED from First Page.)

vile and ST. Paul, IoK per cent, Rock
Island, and Kansas and Texas prefer
red, 91a per cent; Metropolitan Traction
| IL per cent; Rubber common, 101s per
cent; General Electric 81 per cent;
New Jearsey Central and ST. Paul and
| Omaha 8 per cent; Susquehanna and
Western preferred S7s per cent; Sugar
| and Manhattan So per cent; Tennes-
see Coal and LaClede Gas S1z per cent;
Lake Shore. Lead common and Lake
Erie and Western per cent; Michigan
| Central, Northwest, Missouri Pacific
| and Burlington ~ per cent; Chicago
! Gas ~ per cent and Delaware and
Hudson and Pullman per cent. a
great many declines, material. but less
! extensive than the onse noted, occur
| red in other stocks incidental to the
| failures of s. s. Sand & Co, Nicholas
Prothingham e. Co.. and De Neufville
| & Co, which wehre announced. Sales
| Of securities under the rule were made
The volume of business was on a ire
/ mendous scale. The dealings in the
| first half hour registered H. 94 shares,
| and in the first hour 243,1S5 shares. The
| trading in bonds was also on an almos,
| correspondngly large scale, and the
| losses ranged up to Is per cent in Wis
/ consin Central first trust receipts.
CALL MONEY.
The unfavorable general conditions
| affecting the specula ton was aggravat-
ed by sensational advances on the call
| money market. The figure quoted was
per cent and by u o'clock the price
was bid up to % per cent. Large sums
were loaned at and between these fig
ures. The sterling exchange market
also ruled firm and higher, actual rates
for demand rising Il pence over yester-
tls Ia
advanced posted quotations for sight
bills TO s4901s
Towards I o'clock the selling pres
sure abated and a sharp rally in prices
occurred, followed by a reaction. in
| which large part of the improvement
was lost, on a jump in call money TO so
per cent, the highest figure of the day
| A break 70 per cent stimulated liberal
] buying in the last hour causing recov-
cries from the extreme low points rang
ing up to II per cent in Lead preferred
and in the more active shares up to s
per cent in Manhattan. Near the close
money again stiffened to so per cent and
closed at that figure. This fact caused
recessions from the improvements not
ed and contributed to an irregular clos
ing. The market left off unsettled at
net declines extending to 8%s per cent
in St Paul. The aggregate sales Were
1925 shares. including 1890 in Su-
gar and 100.50O in ST. Paul.
BOND MARKET.
The railway and miscellaneous bond
market was in as dernoralized a condi-
ton as the share market and heavy
blocks of bonds were thrown over on
liquidating orders. The foreign selling
was very barge and the International
issues sustained material losses. In
this class Kansas and Texas seconds
dropped 1873 per cent, to 451H per cent,
with subsequent recovery Of one-half
the loss. Wisconsin Central firsts trust
receipts fell away Is per cent, to so per
cent, and closed at SO per cent. Sales
of Kansas and Texas seconds We're
made under the rule for account of the
failed firms. In sympathy with the
stock market there was a sharp rally
in the later afternoon trading, the re-
coverieS in prices reaching per cent.
Dealings We're on a heavy scale, aggre-
eating s3,24s,0 or about three times
the recent daily average.
Governments sagged sharply on sales
of $4,000.
THOSE WHO FAILED.
New York, Dec 20.-The failure of
Nicholas rockingham & Co., announc-
ed today on the Stock Exhange, is an |
important one. G. S. rockingham !
membership dating firm 1877.
The failure was due wholly to the fall |
tnstocks. Nelson ]. Waterbury, coun- !
sci for the house advised an assignment |
for the protection of the creditors. He |
says that he believes the firm can re-
sumo business as an early date.
The failure of S. S. Sands &, Co., has |
been announced on the Stock Exchange. |
a member of the firm said it was due |
for calls on thin for the stocks they |
had in loan. The failure was precipi- |
tated by heavy decline in stocks over |
night. The firm is one of the Oldest |
on the street and was regarded as one |
Of the most substantial.
De Nuefville & Co., announced their 1
suspension on the Stock Exchange. De |
Nuefville says that the failure is due /
to the decline in the stock market and 1
their inability TO call in margins. Their /
obligations are small.
Boston, Mass, Dec. 20.-Messrs Saw
yer. Clarke & Co, brokers and bankers
closed their doors at noon today. Their
assets and liabilities are not given.
DENVER IS NOT HURT.
Denver, Colo, Dec. 20-The Wall
street panic did not seriously affect min
ing stocks on any Of the exchanges in
Colorado. Orders were received from
eastern holders Of some OF the higher
priced stocks TO sell at once as the
money was needed TO save losses in the
market there. The local market prompt
ly absorbed all offerings and though |
such stocks as Isabella, Anaconda and
Union dropped from to 10 points, they
quickly recovered and closed strong at |
nearly the same figures as yesterday.
None Of the low priced stocks suffered
and on the whole the market was quite
strong. Brokers are generally conf
dent that the panic in New York, based
as il IS on the shipments of gold. will
rather help gold mining stocks than
IN OTHER MARKETS.
Boston, Mass. Dec. 2o-Prices here
the decline in the New York
stock exchange today. There seemed
TO be a semi-panic feeling and all local
stocks showed a sharp falling OF from
yesterdays decline.
Philadelphia, Pa, Dec. 2o.-The stock
market was very weak and feverlsh.
Nearly all stocks closed lower.
THE PANIC IN LONDON.
New York. Dec. 20.-The Evening
Posts London cablegram says: There
was severe panic IN the stock ex-
here today. All American Sc
curities. shares and bonds alike, are
practically unstable here. The panic
today was not based 50 much on poll
tics CT a war scare as on a predicted |
financial crisis in America Five MD