The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-11-20
CLOSES AT LOSSES
STOCK MARKET DEPRESSED BY
VAR GUS INFLUENCES

| Old Bear Arguments Reproduced London
Sells Internationals- Foreign Political
Situation Renews Uneasiress-Harian's
Western Union Decision Further d.
presses that stock-Iobacco suffers
from . Legal Opinion-Trunk Line News
of Importance Comes Too Late-Market
More Active-Close ut Net Losses
New York. Nov. ia variety Of in
fiuences depressed the stock market to-
day. In some instances the reiteralion
Of old bear arguments operated effect
lively. London was unpleasantly active
as a seller Of most OF the international
stocks and foreign advices in relation
/ to the political situation renewed un-
easiness. Reading was not particular
ly affected by the publication OF semi
| official synopsis of some OF the features
OF the proposed reorganizat ton plan as
they now stand Rumors of possible
active defensive action by some OF the
junior security interests were circulate
ed, but did not command much attsn-
ton owing 10 the radically unfayora5le
condition Of the property and lack Of
practical equity in the stock The de-
cisien Of Justice Harlan in the Western
Union-Union Pacific case was again
used with decided effect against the
stock None Of the counsel OF the COM
pany had received the text OF the de-
cision today and there was consequent
ly no official statement from its stand
sfr1~ III o., Ill
The decision OF Attorney General Han
cock in the Tobacco trust litigation was
also improved as far as practicable by
the hears. Gold engagements for To-
morrow's steamer aggregating $l.75g,-
900 and we'll defined execution OF the
shipment of at least 81, 900 900 addition
al on Thursday. constituted another
bear card. The attacks on Manhattan
were renewed and the decision in the
Tobacco case induced raids on all OF
the other Industrial shares. The news
that the presidents of the trunk lines
and connecting roads had ratified the
plan for the establishment of profitable
rates and the maintenance OF harmony.
was not made public until some time
after the close OF business.
The market was more active than on
Monday. with the bulk Of the dealings
distributed in half a dozen stocks.
exceptional activity being noted in
Western Union Trading was large at
the opening and a weak tone prevailed.
The selling pressure was general and
was directed chiefly against the indus
trials and international shares. The
dealings during the rest Of the day were
upon an irregularly weak range of pri-
ceS. Tobacco declined TO s69s per cent,
los 81 a l..
with an indifferent recovery. Leather
preferred dropped an extreme "a per
cent and Western Union per cent,
with a light fractional rally. Louis
vile and Nashville and Denver and
Rio Grande preferred on foreign sell
ing scored declines of 2h per cent res
pectively. The closing was quiet and
steady at improvements from the low
est points extending to l per cent in
Sugar, but at general net losses, which
were material in some cases.
The course Of the bond market was
again mainly towards a lower level,
although irregularity was noted and
the volume of business showed an in
crease over that OF the previous day.
The dealings in governments footed
up $4,000. There was a general shad-
ing OF prices on the last call.
FOREIGN STOCKS.
New York, Nov. lathe Evening
Posts London cablegram says: The
stock markets were fiat today at vir-
tually no recovery at the close. The
depressing influences were the Arab
rising in Turkey and further forced
liquidations here and at Paris, where a
large speculative account was taken
over from the last settlement, which
closed today. This especially affected
Americans, large blocks of Louisville
and other stocks being thrown out
Mines were fat on the POPULATIONS and
also on unconfrmed reports that the
f1rsts crushing returns from one Of the
Witwatersrandt deep level mines are
disappointing. The general financial
outlook Is uncertain If IL were not for
the weakness elsewhere. Americans
believed there will be a 8 per cent bond
issue by tn United States goyernent
before long.
Paris, Nov 19.-The bourse was fiat.
A large account was closed and there
were many forced sales.
Berlin, Nov. 19.-The markets were
dull to fat
GOLD SHIPMENTS.
New York. Nov 1e.-Lazzard Freres
will ship 81, 900 gold by tomorrow's
steamer L. Won Hoffman & Co. Will
forward $500, 900 gold.
BANK CLEARINGS.
Philadelphia, Nov. 1e.-Clear1ngs
SIS. 500. 456; balances s1s.0s1.7s
St Louis, Nov. 1e.-Clearings $780,
673; balances 1862. 405. Money 5 and 7
per cent. New York exchange 50 cents
premium
Memphis, Tenn. Nov. Clearings $685.
ssh: balances s155.7e0. Exchange $50
New Orleans, Nov. 1s.-Clearinss So