The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-12-27
ROBERTS
Continued from FRS, Parel

Continued from First PareO
conditions continued. 81 Is quite likely
that We should have soon been precipi-
tated into a state Of wild bullish spccu-
/ lation. followed by a much worse coll
LAPSE than witnessed last week By a
singular combination Of good and bad
conditions a very wholesome check has
been applied 10 this speculative tendency.
and there is little prospect 81 seeing It
renewed upon the former scale.
LAS stated in our previous sdvices tight
money was the instrument by which these
Specuiations were held iu check The
higher rates for money induced BY tha
activity OF all branches % trade and in
dustry. could only be regarded with sat-
tsfaction: and Il Is worth while empha-
sizing the fact that good mercantile bor-
rowers have found no difficulty whatever
IN securing thu accommodation they
needed on 6G7 per cent basis. II was
the speculative borrowers, particularly
those carrying inflated industrials, that
met with discrimination; and the day OF
reckoning was simply fastened by the
heavy absorption OF funts BY the treas
ury as well as the efforts Of the great
banks OF Europe 20 replcnish their gold
reserves Secretary Gage made strenu-
Gus efforts 20 counteract the effects Of
the treasury IN the monez market. but
they have only been partsNly successful
Gold IS beginning 20 go outwards nora
freely. probably about 5000 10 leaving
this week. but this need cause 10 sps-
cial alarm. We have a plentiful supply
Of gold here and he worlds output this
year VII IN all probability be larger
than last year In spite 81 the temporary
stoppage Of Trsnsvaal production. All
that We send % London Will simply 90
where IL is most needed and do the most
good
when the panic was ~ iis height. tho
clearing horse banks and several ~ our
leading bankers coursacou-ly came 90
the rescue and offered some So o00.o1g %
call money. This had the desired effect.
Il prevented further disaster AMI theirs
IS little question but that the worst hss
been seen. I.osses have been severe in
some quarters and any decided improve
ment may So deferred until the FUN -
feet o. these has been determined ard
The latter should be forthcoming after
we fairly gct into TIE new year The
enormous liquidation Of the last fex days
must result Ia q large contraction Of
loans: currency is nov coming from TO
Interior more freely. and a. nc treasury
ig increasing SIS deposits with che banks
from now On there is Eood reason 20 sx-
pect easier conditions IN the monsy maj
kst. though much wll depens UPON tks
Trausvaa, war and SIS Influence 81 Lon
don. The struggle between Bosr ard
Briton threatens so prove a r1ueh more
se-i3ua affair than anyone Anticipated \
considerable issue % British coHaois r.
% be expected. ard thfr wf1 TEMPORAL
iiy hut rot seriously 8e-aurs ihe foreign
financial markets Tse-lpera'to7 rom
the shock 81 last Monday eaoed -
more rapid. after ihr tsrn comes. than
usual after panic tsesure q ths saana
conditions vaich prevail o7istse % ths
industrial speculation. ana isas1n hss
been Iearne8 that should isn1 towards
Eresfer stability tn re fufsrf.
a close watch sho1a - given the FOR
sfgn eIsuaHan TEers are evidences p
strain IN Lsnssn ard ou ths oonfias1t
which ral2h; temporarily a3g 60 tae non
et8ry Gifgra.ties here An7fhsr facf9f b.
fhe narket. walrh e. iupartzrt = trss.
IS TIRE rguor thst one or $50 strong
cliaaes are strazziiaz fsr e9nffoi - GER
tasa pr8psrflss Nh p Aave s~fn pr9mi-
neat fu speculation. Hrafa zisrfs are -
war 81 81 Sea- eor tas average operator
- rernafu = saertatgr - zee pregerztsa
iavsivsd A. rHls u1.lex fhs narErt -
faI - snsaFqfs8-s runners. many q
wbieh have ~ faen1sts9n- ugrisx fha
coming week fartaer ffr1sxfrrY ia moa~T
y o3I1 rauss ~ aa-.rles wing - Slet-
5e1s preparation. as. af.~r re fairy 81
into fne us1afa - Jsnssry she anssrlsi
q sEsas pierre shpis begin 90 assEatss.
General csaGEtsaa are sozs4. snd Eru
} crk a posasn ~ - So st9ra center. re-
po4ss from tse west saaTi1E fsa4 tas
5sssurbsa-a bers "a sa6 att.e - ~ 81
,sc;- FOR ths Srszeat hessvsf. ~ 80
vlas b1Y1ag eaiy O. ths sasrg efsafs
srze sef8rx % sc ra,asz Csrfa.a isrEa
operators hass h~~u f1aessf - t4asasis.
- sazt raey ere reH S--sfsf - ther
.s&yg ssrseaa s14 fae ~ 8Afl1H 81 rraig
hs asttsr <eT 81 z aall eaatia4e. hsa-
srsr. 20 srgs s1ffe-ze esaaerss -iszs IN
l. v,Ffr.a1 H.sTfrz