The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-12-01

tonat declines. Except lSke >hore.
which Goes on Two and an Eighth
How the kaffirs have Demorslixed
Message Awaited with Interest
New York, Nov. o-The stock market
today was fairly active for half holiday.
and reflected chiefly professional opera
tors The opening was very duh. but
sharp covering movement started in the
industrials early, led by Sugar. That
stock rose IL per cent; Tobacco nearly
IS per cent. Chicago Gas over . per cent.
and Leather preferred and Western
Union ] per cent The railroad list was
unfayorably affected by lower London
prices and foreign selling in this market
In the last hour the abatement OF the
covering demand caused recesS!ons gen.
orally ard the market closed active and
irregular. with special pressure against
the railroad list. Lake Shore ended rs
per cent net lower. Rubber preferred
gained net IA. per cent, and LAX Erie and
Wstern preferred l pr cent The other
changes were fractional declines. The
sales for the day were itl, 700 shares.
The speculation for the week has not
been especially interesting. At the out
Sc IA fairly well sustained rally in prices
came in respone TO an encouraging tone
in foreign advices, which appeared 10 in
dicate that the complications OF the
eastern question were less acute Europe.
however, IL turns out. Is still struggling
with its liquidation of South Africa min
ing stocks and this IS reflected, not only
in the absence OF demand in Europe for
our railway securities, but also in spor-
adic sales OF good stocks in order 10 pro-
tect the deprecated Kaffirs. Foreign ex-
change continues at the gold export point.
but the shipments for the week have been
considerably less than the exports Of the
previous week. as the last temporarily
relieved the market. iFinanc!ers and
operators are looking forward anxiously
TO the report of the secretary OF the
treasury and 10 the presidents message
IN so far as they may bear on the cur
rency situation. Currency reforms are
usually active at the present and I'm
press upon the financial community that
the reason gold continues 10 go out Is
because our currency Is diluted with de-
preciated silver In fat paper. They for
get that France. which has within the
last twenty years accumulated the largest
stock Of gold the world has ever seen,
contains in its currency q vast volume
of this so-called deprecated silver and fat
paper: Why is it, then, that France &C
cumulates gold while the United States
is steadily losing it? The answer would
seem TO lie between the difference Of the
economic policies OF the two countries.
The unfavorable foreign news late in
the week, together with a disappoint-
Quincy for October, had a depressing In
fuence upon the railroad stocks. The
nidustrtals. however. monopolized the
chief attention as more susceptible TO the
manipulation of the traders. The old
arguments were employed against the
usual leaders in this group with varying
degrees OF success. Chicago Gas was
temporarily oversold IN the late weeks
move against the consolidation plan by
the attorney general of this state. The
news for or against other members OF this
group do not need recapitulaticn. At the
finish the railroad lists still retained part
OF the mid-week gains, while with the
exception of Sugar, which shows a net
gain Of ~ per cent, and Ruber preferred
OF Ia per cent, the leading industrtals
closed oliver than a week ago. The
more important advances were in Mich
igan Central. per cent; Denver preferred,
2ss per cent: Sugar, "a per cent: Rubber
preferred, "a. per cnt; Atchison preferred.
when issued. rs per cent; Rio. Grande
Western preferred, IA per cent. and Ten
nessee Coal and Northern Pacific prefer
red, X per cent. A number of gains OF
! per cent were recorded. The moro
noteworthy of declines were IN LaClede
Gas prferred. AZ per cent: Hooking Val
per cent. and American Tobacco. ~ per
cent. The aggregate sales were $50, SS3
shares. Today's railway bond market
was only moderately active. The trans
actions amounted TO s7s5.ooo. There were
few important changes. Mobile and Ohio
general fours and Oregon Short Line,
union consols, rose 81. per cent. The de-
clines consisted OF slight fractions.
The trading in bonds for the week was
fairly large, and the final results showed
gains and losses about evenly divided
The largest gains were IN Oregon I'm
provement first threes, Chesapeake and
Ohio r. and A. second consols, Omaha
and St. Louis firsts and Cleveland. Lor-
aine and Wheeling flrsts. per cent: Tex
as Pacific frsts ives and Atchison adj
justment fours. when Issued. rs per cent,
and Denver and Rio Grande consols fours.
IL per cent. The more important losses
were in Wisconsin Central frsts, 81. per
cent; do trust receipts and Union Pacific
collateral trust skies. 81 per cent; Ann
Arbor fours, when issued. ~ per cent:
Reading general fours trust receipts and
United States Cordage trust receipts,
$4,000
Business in governments footed up $685.
900. The registered OF 1897 closed y per
cent lower. while the fours coupons ad-
vanced IL per cent
The transactions In state bonds con-
sisted OF $1,000 In Virginia centuries and
SO 90 In Tennessee threes, small bonds
Silver certificates were dealt IN for u.s.
0c0 at s7sgS71z per cent.
LOAN MARKET.
New York. Nov. 3a-The New York
Financier says this week: The state
ment OF the Associated banks OF New
York City for the week, ending Noven-
Der 30 Is nothing more or less than a
belatei report Of the business Of the pre-
vious week The changes are due partly
TO the gold export movement Of the ear
lir part OF the current week. but they
include also the later shipments Of the
preceding week
According to the statement the banks
lost in cash during the week g. 300. OF
which s. "a 30 was IN legal tender and
q n ~ III 49, y
cess of interior receipts a. thls point dur
ing the same period 70 that the decrease
IN cash more nearly represents the actual
condition OF the banks. although the
in showing the real standing OF the banks
at the close OF the week The ontrac-
ton in loans for the week was = s2,-
sOo due perhaps TO liquidation OF the spec
ulative account. more than from meroan-
tile sources
Deposits have been contracting rapidly.
the loss since September e having been
10 less than EI.cpocc. The ranks there
case earlier IN the season, ard tbs spas
mode advance IN the money rates ot
late ara JUSTIFIED thus far as they are
controlled by the showing.
In The month % April, May and I'VE
last the deposits 90 The New York banks
went from Snoo.0 go 10 s7s.0o.elo and tie
reserve increased s2Sc.1"a Whethsr a
RAPID advance a. present n TIE money
would start another such influx is doubt
full Bankers reuo-t ths. the south has
been slow n RENTING OF iats. ard tne
movement from there - remarkably Hight
The business transacted a. the clearing
house AS; week. with holiday irterve En-
Ing amounted 20 fsI41z - II put IN ons
dollar bills, this Tcult make = rirdis
iorz enough % reach srou-i The earn
nearly two AID one-has t3les
GBAIS Markell
(rErrAr0