The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-11-17
GAINS ARE GENERAL.
AFTER AN EVENTUAL WEEK. THIS
Is THE FINAL RESULT.
On One Side are the rrAnquIliizing and En-
couraging Features of an Averted K2mr
Catastrophe and Settling Back of the
Eastern War Cloud. and on the Other Is
the Gold Export Revival, which IL Ac-
credited to the Unf~vorAble Trade Bal
ance, rs Something InevitabIe-New
York's Loan Total Piles Up.

York's Loan Total Piles Up.
New York. Nov. 1s-Today's stock
speculation was especially interesting.
The movement of prices was narrow as
a rule and the trading at times was stag
lant- The market opened dull. with
changes in a lower direction a firm
tone soon developed and important
fractional gains occurred in some OF
the leading shares. Reading was an
exception, yielding Is per cent, to
7-S per cent, with a subsequent recovery
OF about 1-2 OF The decline. The clos
ing was dull and as a result OF the days
business. light fractional gains appear
in a number of instances.
The weeks operations in stocks have
been based upon influences most OF
which had previously been familiar. The
news that The assumed impending crash
IN Kaffirs and the unsettled financial
situation IN Europe had been tided over
by the intervention Of powerful Euro
pean capitalists caused a more reassur-
ing sentiment ito prevail. II is well
known fact that whenever financial con
dttions become acute, either because
of over-speculation or of unfayorable
trade balances. the great monetary
powers employ their resources 10 pre-
vent general Generalization This is
exactly what has occurred in Paris.
Vienna, Berlin, Constantinople and ST.
Petersburg this week. London. which
had profited by selling its South Afr-
can mining shares 10 continental buy
ers fortunately found itself in good con?
dition 50 that no general aid was neces-
sary. Gradually. too. the general pub
lie is becoming convinced that the po-
litical complications in Europe will not
assume a dangerous phase.
The influence OF these favorable de-
velopments in Europe was felt in our
stock market and securities advanced
rapidly on a wholesale covering move
ment by domestic and foreign shorts
and some purchases by speculative
pools. The result was sharp upward
turn IN stock prices which held until
the midle of the week, an early export
of s1.O00,0o0 in gold apparently falling
fiat The excitement arising from the
continued strength Of the exchange
market that further exports were pro-
bable and eventually the temperance
as a shipper of gold. of the house usual
ly most prominent in such movements.
proved too much for the bulls. The
of additional amounts for
export, bringing the aggregate for the
week to So. 500, caused the loss Of .
part of the early Improvement
The net results for the week, how
ever, show general gains except in Man
ha titan railway and Reading The first
has declined steadily since
the publication OF the annual report
and the last has logically suffered as
the time for the official announcement
Of the plan OF reorganization approach
es. All of the various interests in Read
ing have consistently stated that for
the rehabilitation of the companies
sum of from $40. 900 to So. 900 Will be
required. The latest al
legged details of the distribution of the
assessment Of 1.-THE preference income
bonds is that holders will have TO pay
from Is to 20 per cent, the stock being
taxed at the latter figure. 1t Is also
claimed that the general martgage As
will exercise voting trust for term OF
years. Pacific Mall has been favorably
Influenced by the reported reoonsidera-
hon by that company of the terms Of
tered by the Panama railroad interests
FOR an alliance.
Bearing on the general financial out
ook are the unchanged trade conditions
which have compelled this weeks gold
exports, and the attitude OF foreign In
rsstorS and SPECTATORS toward our Sc
.urfties. Briefly the cause of the ex-
oortatfon of gold at the present time Is
hat our exports of merchandise have
,emained almost Stationary while our
IMPORTS show a heavy increase. Euro
oean dealers ait the moment are appar-
80 h.
my substantial interest in our mar
get.
The only important declines for the |
week are these OF Ia per cent In Man. |
Ia titan and "a per cent in Reading. |
n the other markets. while the full i'm |
,rovemsnt OF the week has not been |
'etained. material net gains are shown. |
The more important are In New Eng |
and 6 l-2 per cent: Lackawanna IA \
'er cent; Metropolitan Traction AIS 4
ver cent; Canadian Pacific "a per cent /
'acific Mail Ala per cent. evils Far
20 "a per cent; Denver and Rio Grand /
referred 3 Ia per cent: Burlington 8 IA /
er cent, and Pullman, Psttsburg Ocsn-
-inns5, Cleveland. Chicago and ST /
outs preferred and Iowa Central pre-
erred per cent The aggregate sales
we're Laos, 700 shares.
The speculation IN bonds today was
Flill and without feature The trans
,ctbons footed up $3.50 and were
1ade at slight concessions on the prices
here was a moderate increase IN the
'olune OF business for the week and I
crocg tone characterized the market
he nte results are IN most Gases sub
oaD..sl gains OF these the principal
we're IN Ancs&son adjustment fours.
then issued. 3 Per cent, and 31-2 per
ent n Ohio river firsts. The total
eaNngs amounted TO 1884, 900.
Governments were well beid through
Ut on purchases aggregating $685. 900.
IN the state issues there was on
hange OF consequence The dealing
ooted UP 81. 900.
Silver certificates were weak On sales
, $4,000.
FOREIGN STOCKS AND MONEY
London. Eng. Nov. Is-The Evening
'osts financial csb;egram from London
AVS: The stock markets were Qusct
nd irregular today and slightly easter
{ the close. Five more failures were
one fairly large. Ame-f-
ans were dull on the failures and Oh
old exports.
Five million sterling was formally
'2osfSTTcd To-Day oy Cltrf2 % TIE ia
sneSe account here Money rates are !
.gher and unless the japanese money
,r1es on ne market, rates Will probzb-
De steady.
LOANS AN CLEARINGs-
New York, Nov. Is.-Tbs New York
.nzncjer tvs week says: The state
eoi OF the Associated banks OF New
ork Tor TIE week ending Nov. Is. does
y 7etiect tie weeks operations By any .
cans. Daring ne week ending vsEh
sunday. over 1900. 90 = god vas
rpo-tsd 20 Europe. Ire s2Sc5e being