The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-11-16
AFFECTED BY MANY
INFLUENCES ON THE STOCK MAR
KET ARE NOT FAVORABLE

| Not Unexpected, and Therefore Might have
Americans for the Foreign Account
Comes as n Surprise, in View of the Inn
proved Situation Abroad-Gold exports
just as were Expected-Reading, Sugar
| and Sole Leather-FinaI Prices Show
| fractional Net Declines-Bonds Light.
| New York, Nov. 1.-THE stock mar
let today was unfavorably affected by
| a variety Of influences, none OF which
were unexpected, and whose effect
might therefore be regarded as discount
| ed. The exception was a revival of
! sales Of our securities for the foreign
| account This last development had
not been generally figured upon, as
| the street hoped for support in this
| market from abroad, owing to the al
legged more favorable turn in the for
eign financial situation. The engage
| rrIent of gold for export by tomorrow s
J steamer could not be considered in the
| light Of a surprise. as all indications
recently have pointed to a resumption
Of The outward movement. II has also
been believed that severe treatment Of
the Reading Junior securities in the i'm
pending reorpa nizaItFon is foregone
conclusion Bear arguments against
Sugar were based upon expected re-
auctions in the prices of foreign and
domestic grades, owing TO the arrival of
the normal duh season in the industry.
Rumors Of further cutting in sole lea
Their prices were brought to bear against
leather stocks. Reiteration of the I'M
favorable features of the Manhattan
railway reports were also improved
against the stock of the company. The
elimination of part Of the short timer
est In Tobacco appeared to deprive it
Of the most substantial element Of sup
port.
The market opened quiet and at slight
declines, but moderate rally soon en-
sued which for a time proved superior
to the announcement of the engagement
Of s., 25O, 900 in gold for EXPORT, including
the house usually most conspicuous in
gold movements. The effect of the
news, however, was noted in a decreas-
ed volume of trading. Eventually IL
quSdatbon started here and there in the
list, resulting in lower range of prices
generally. Tobacco was the chief suf-
ferer. yielding per cent to 81 per cent
Other conspicuously weak stocks were
leather preferred, Manhattan Cotton
On, Tennessee Coal and Reading. In
tervals of comparative steadiness oc-
CURED in the afternoon speculation,
but in broad way yielding tendency
was rtscernible. The closing was slug
gfsh at slight recoverfes, generally from
low points. The final prices show frac-
tional net declines in most cases.
There was but slight animation in
the trading in railway and miscellane-
Gus bonds, the dealings aggregating
S919. 900 only, the smallest total of trans
actions recorded for a long time past.
The general market ruled firm as re-
CARDS the speculative issues, although
in some of the usually inaotive bonds,
Sharp concession were noted, the more
important of which are: st. Paul, Min
neapolis and Minnesota firsts ~ per
cent; Montana Central fives per cent;
Pennsylvania AIS, 2 per cent; RocheSt-
er and Pfttsburg consols and Reading
third incomes ~ per cent; Grading
firsts and Wabash debentures. series
B, is per cent and Louisville and Nash !
vile unified tours and Northwestern
debeniture fives of 1909, / per cent. Ad- |
vances: Oregon Short Line SKIES and |
Central Pacific skies of sc, IL per cent; |
Oregon Short Line skies and Central Pa |
cific skies of '97 and Wheeling and Lake |
Erie ffr-sts IL per cent, and Denver and |
Rio G1ande firSts. Detroit and NJ. land |
grants and Northern Pacific terminal |
frstS / per cent
London, Nov. 15.-The operators on |
the stock exchange breathed freer to-
day. now THAT settlement is over. Only
one failure was announced. The for
eign bourses are in normal condition
New York, Nov, 15.-Lazard Freres
viii ship 81, 100000 of gold by tomor-
rows steamer. Won Hoffman & Co.
will ship $1,000. 900.
Washington, Nov. 15.-The withdraw
al today of 81, 250. 900 in gold for exprot
from the subtreasury at New York
leaves the true amount of the gold re-
serve $50, 491 ,517.
STOCK REVIEW.
New York, Nov. 15.-Bradstreet's FL
nancial Review tomorrow will say:
The signs OF Improvement which ap-
peared at the close of last week have
borne fruit. A moderate advance in
prices set in on Monday and the fol-
owing days, and n decidedly better
feeling asserted itself IN speculative cir
cles. The export of 81 600. 600 on Tues
lay seems to have been previously dis
but the heavy shipments of the
metal, amounting to s.. $50, 900 by today's
% NCAid ~ N4ANNh IAAE PAOSAtcS /
If the bullish movement. The latter
vas, indeed, almost professional. the
buying coming from the short interest
,r from large traders who sold out be
ore the decline attained Roadway and
we're thus in position to take hack their
stocks. The calmer tone of the foreign
markets, the subsistence of the war
scare and the absence of a panic in the
kaffir settlement at London, were fac
ors in causing a more healthy tone TO
assert itself here. Europe, indeed, re-
purchased some stocks, particularly
It. Paul and Louisville, but these trans
lotions represented a change of posi-
ion by bears, and in no way indicate |
hat the difference with which London |
egards Yankee rails" has been chang |
d. Indeed the foreign participation |
n this market. Another circumst stance
which created apprehension at the end
f the last week was also adjusted. This
vas the continued liquidation in local
ecurities at Philadelphia, some OF
which experienced sudden declines as
in their extent as the pre-
'ious advances. II is understood that |
Sew York capitalists extended substan-
ial aid 20 some OF the speculative in
erests IN the Philadelphia market. and
rally there ensued, which had an in
luence IN the tone Of our market.
DRY GOODS MARKET