The daily morning journal and courier., 1896-10-12
s1,547, ,s1se5 $s5s, ,637. .o1 $1, ,ss7, ,os3.7o

Decrease clearings week of 1S96 $349,- 164s05 IVY
 Balances week of 1895, 392, ,s21.31.
 Decrease balances week of 1896, $34,- 184.29
 Clearings week of 1894, $1,57O, 76S,fS'
 Clearings week of 1S93 $1,409, ,3oo,29.
 The current market letter of D. B. Cuthbert, the New York bankers and brokers, who have just instituted a branch office here, says of the stock markets immediate prosperity and out look: 'The depression in the stock market during the week has been due largely to an exhaustion of the buying power and efforts of the local traders who have been operating on the bull side for the past two weeks to realize profits. The market has been affected by the development of financial trou- ble at London and Paris, owing to the over-speculation in those markets Tn Kaffirs. The decline of the past week in these stocks caught some of the large operators heavily long, and trou- ble is expected at Paris through several of them defaulting in their contracts. The tense condition of Spain's finances, with Spanish securities unstable at Paris. and continued dear money at London, together with the fear of fur ther trouble arising from the eastern question, naturally tended to make for eigners more reserved. The lack or support from them in this market, with falling away in the outside buying, placed the local bear operators in con- trol of, the situation, and they have been pressing their advantage all the week. As is usually the case on the eve of national election, feeling of conservatism has cropped out, and, in some places, some apprehension exists in regard to McKinley's election where confidence heretofore prevailed. The remembrance of the developments of the last two weeks in the campaign of 1884, which resulted in Blaine's defeat, has added to this conservative feeling, and has naturally had an adverse in- fiuence upon the market.
 tThe steady decline in the shares of the American Sugar Refining company and the continued pressure of long stock in the grangers from large mon eyed interests, prominent buyers all last week and the previous week, and the absence of any short interest Of consequence, developed feeling of weakness yesterday, which has resulted in a complete change of sentiment in regard to the immediate course of prices, and where the feeling last week was confident in a steady advancing market, it has given way to bearish sentiment and general belief that prices will work lower before election day. This belief has been increased by the policy of the managers of the popo- cratic campaign. by endeavoring to cause a stampede to their candidates by claiming their election is an assured fact, and by consistently asserting that such states as Maryland, West Vir- ginia, Kentucky and Nebraska, which have all along been regarded as sure for sound money, will show a large majority for the Chicago ticket The result of the weeks developments in the market and the changes in the conditions surrounding it. has tended to greatly upset calculations in regard to the course of prices for the immediate future, and the effect will be to place the professional scalping contingent in control of the situation. Under all the l circumstances, a small. narrow, ner- vous, fuctuating market may be ex- pected for the present. with prices dom- 1 mated by the humor and operations of the traders"