The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-12-19
SELLING ALL DAY
INTERNATIONALS EXPERIENCE BUT
SLIGHT RALLIES
General List Shows Declines In the Early
Trading. With Rallies ON shorts Cover
Ing in the Final Dealings-WAr Talk 10
Aided In Unsettiing the Market, by Fin
ancial Discussion and the Gold Export
misunderstanding Exchange Rates Ad-
vance and Gold Bills Appear-Railway
News Falls Flat.

New York, Dec. 1s.-The re-echoes OF
Cleyeland's Venezuelan message were
the dominating influences on the stock
market today. London prices for AM
erican securities showed declines, ex-
tending TO rs per cent in Louisville
and Nashville and the international
shares were sold steadily with but
slight rallies throughout the day. This
class OF securities displayed the great
est weakness Of any OF the set In
the first fifteen minutes OF the list the
loss referred TO ranged 10 Ia per cent
in Kansas and Texas preferred. The
dealings in the International stocks
We're unusually active in the forenoon
and were roughly estimated at about
$4,000 shares. Some comment was sx-
cited over a decline CT nearly Il per
cent in British consols and coincident
fractional advance in United States
new and old four per cent bonds. In
the general market lower prices were
recorded in the early trading, the de-
clines being in some instances fully as
great as IL the internationals. About
the end of the first half hour substan-
tial recoveries were made in most cas-
veloped. Throughout the day at in
tervals rallies occurred but were al
ways met by renewed selling for both
accounts except in the last hour when.
around delivery hour. on covering OF
shorts mainly. rallies from the extreme
low points ranging up per cent were
made.
The unsettling effect OF the war talk
upon prices was heightened by depresS-
ing discussion OF our financial problems
and by the execution of further heavy
shipments of gold. partially on account
Of the foreign selling OF our securities.
Sterling exchange rates were advanced
slightly and the appearance OF gold
bills was considered TO foreshadow an
advance 10 a point permitting shipment
to London by Saturdays steamer. The
unfavorable condition noted caused
the publication of satisfactory exhibits
Of railroad earnings. including an in
crease by the st. Paul of 500. 900 for thu
second week in December, TO fall flat.
The expectation Of the declaration OF
the regular dividends by the directors
of the Vanderbilt roads at tomorrow's
meeting and the announcement or the
informal plan of restricIion Of produc-
ton by the anthracite roads were al
most totally ignored by the traders.
In the specialties the extreme losses
ranged up to 4 per cent while in the
standard railway shares Lake Shore
declined an exceptional 2% per cent
In the last rally the most conspicuous
stocks were the industrials, Tennessee
Coal, Manhattan and New Jersey Cen
trail The closing was active and
strong. at net losses for the active
stocks OF rs per cent and in the less
49, 49, -
Bonds were active and weak. the de-
clines in a number of issues being OF
Importance. The market moved in
sympathy with the stock speculation.
The sales aggregated s1,s27 .000
FOREIGN STOCKS AND MONEY.
New York. Dec. 1s.-The Evening
Posts financial cablegrams:
London-The stock markets were dull |
today but near the lowest. Consois /
have fallen q per cent with no heavy /
sales, merely a marking down by JOB /
hers. President Oleveland's message !
has created profound concern and /
The city, however. refuses at 4
present to recognize any complications |
sufficient TO warrant apprehensiOns OF /
war. / have interviewed most OF the /
representative financial houses here. IN /
GLIDING those connected more part.cu- /
larly with American securities All ex- |
press establishment at the tone OF the /
and consider that Il bids fair /
to drive the death nail into the Ameri- |
can railroad market. to accelerate gold /
exports from New York and to precipi-
tate a currency II not a financial crisis
In America Americans rallied on New
York support but finally closed at the
lowest point.
Paris-Markets today were fat. led by
a further fall in Spanish securities
Financial disturbances OF politics ad-
versely affect these stocks and they are
held in Franco.
Berlin-The market here today was
weak and featureless.