The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1895-11-12
MORE HOPEFUL /; TONE.
BIRD SaIishary's Speech Had a Reassurlng
Effect On the Market Abroad.
ii MARKET QUICK TO RESPOND
. Paris the Rothschiid's Were Active
In the Work of Restoring CONF.
dcnce-st. Paul's Splendid Show.
tug for the First Week of tho Cur.
. rent Month.

g. New York, Nov. 11-Lord Salisbury's
&peech last Saturday had a renssuring
Effect on the markets abroad end the
Keeling extended to this side. Consols
recovered briskly In London and Amerl-
IAN securities moved up In sympathy.
m Paris the Rothschilds We're active in
8he work of restoring confidence-a more
tone characterized the deal
8ngs at the bourse there. Our market
6vas quick to respond to the improve
8nent In London and the standard is
fues moved up gradually. The gain
(which ranged from n to 2A per cent,
8Pas most marked in the international
ISSUES, such as st. Paul and L. * N.
8'YIly 10000 shares of various stocks
9yare taken for London, principally f,r
Il lie purpose OF covering short con-
q racts In anticipation OF the fortnight
~ settlement on Thursday. +. &N., st.
Paul, which have been heavily oversold,
Asatned the most the former rising from
H,1R to 538. and the latter from 1919 to
III. St. Paul's splendid showing for the
4lrSt week of the current month, the
EARNINGS having increased nearly SETS
H)00 over last year, contributed not u
little to the strength of the shares.
B9harp recoverieS were also noted in
Lake Shore. r. l.. Burlington. North
8"est, Atchson, Missouri Pacific, Can
#lda Southern, Big Four, Manhattan. x.
t. preferred, Erie, Southern Rail-
3%ey.. preferred. Wabash, preferred,
4Western Union and Pacific Mail.
Afhe last named were bought
Aoy a firm supposed to he iden-
5tihed with insiders. 1t was also re-
ported that the negotiations with the
t'anama Will be reopened shortly. Be-
fore midday. however, Chicago Gas de-
aveiopea weakness and no free sale
3ofoke from 65A to 63ll. a rumor was
52Eit aiioat to the effect that the Flower
ST0leott Committee had dissolved but
s.his was officially denied and rally to
454Ss followed. subsequently another
3story was circulated that Attorney
5General Hancock would be asked to pre-
went tthe reorganization of the COM
3pany.
The heaviness of the stock affected
ithe lndustrlals unfavorably, but the
railway list maintained its strength un-
I'll the close. when prices were shaded a
little on realization. General Electric
was decidedly weak at one time, falling
4 70 2SS4, a decine OF 1k per cent Later
ION, advices from Washington that the
Supreme Court had decided the Nc
keesport case In favor of the Company.
the stock rallied to SO6129as
sugar first rose l to 100S and then
Tell to 9S% Tobacco, Distilling and Cat
tie Feeding and Leather. preferred sold
down 1@lA per cent, and later recov-
cred part of the loss.
In n general way the Industrials
were weakened by fears OF hostile
legislation by Congress. Sugar. Il is
intinated, Will be the first corpora ton
taken up by the new House. The with
drawal OF S1,000,010 gold from the sub
Treasury by William II. Crossman e
Bro. for shipment to Europe by the
Spree. Tomorrow, had no influence
whatever; neither did the talk about
heavy exports later In the week There
was a sprinkling of commercial bills
to-day, but the offerings were quickly
ebsorbed.
Expectations in stocks closed steady.
Net changes show advances Of u 10
pa per cent The Industrials, however,
generally lost X TO rs per cent.
Railway bonds were firm and higher:
the sales were S1,73O,O00
The sales of listed stocks aggregated
1S0,37S shares, and of unlisted stocks.
|33, $50 shares.