The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1903-11-29

cash by the banks was what was esti-
mated. but the decline in deposit liabiii-
ties was low Additional gold was received
by today's incoming steamships. and re-
ports from London indicate prospect
that part OF Sc. 900. 600 oarrive next week
will be engaged in New York The week
ly bank clearings Indicate that the shrink
age from last years level is stil Confined
to the four speculative centers In the
East. while the three large cities in the
West. in the South and the other cities
OF the whole country continue TO show
clearings in excess Of last year. The tone
OF the weekly report OF the mercantile
agencies was considered encouraging as
to the agricultural districts and the mer
camille and distributive lines. although
the manufacturing and Industrial inter-
ests are somewhat slow. The railroad list
and the usual stock which have already
gone through a drastic process OF con-
traction today We're comparatively firm.
and they even made some slight headxay
against the current. But the violent de-
Giles going on in the minor stocks dis
couraged activity and this coupled with
the interruption Of the Thanksgiving hoif-
day resulted in duh and uninteresting
market. outside Of the special movements
referred to- The breaks were the result
Of a systematic act OF wedding out pro-
cess. The neglect into which q long list
II securities has fallen IN the daily trad
ing in stocks ia itself makes them unde-
slrable as collateral for loans by banks.
which is important. The course OF prices
this week under this process n an cGec-
a.
nucn or the collateral for the purposes
1oT which il vas held. There W.T. little
specific news 20 account for the move
meats IN This department. In fact there
was notable tendency for the violent
breaks 10 occur or what could be regard
81 as goosi news. such as divided deciaTa-
tons on preferred stocks concerning
which vague runors OF doubt may have
been current. Distrust Of the Whole Ia
dus,Tiai outlook and a conviction that
traction and contraction IN the steel trade
must be stsid IN ali lines were ~ work.
While fabric Of organization ef the usua'
corporations Is under suspicion and every
ne~ evidence OF insgfsicienry of WORKING
capital wheTe liberal dividends have ben
distributed and Of threatened nsw capital
issues ahead q stocks 10 supply this de-
lcIency, serve 20 intensity this EsGspicion
and aggrsvate the pressure - securities
On the narrow market Beyond the pres
eut Situation looms up a lfpspect II rev
competition when Industry shall revive
The cxter sioG Of fi3e term = the intsTns-
tional Marine Underwriting syudscsis
from December I. tron which u was to
expire. 10 March J. ~. - INTERCEPTED "a
2 measure - the present hDslezsneae q
ISOLATION Of usual secuElflfs The cornpars-
tive armEess Of the Unitsd States Steel
securities duriaz the renewed scaliag
SoSn % yaises la other quarters Eo@s 70
show shat an adjustment ~ tire Who'll i-ss 1
10 The basis ax24 on that premier security
- rfantsT5 has been ~ sor1s soTr a.
tensss
Farther gold has started frgzn Isons0n.
-. or e I-nites scale szd he Park g /
F.nrlana has psed shs customary mans j
% rsofs q IN London ssoek 81 gold Lib
srai supplies n * fsSaEe hare e1s-ae ssso
;ss Men York 4rxet. ard y = cgsnrzouiy
ss.lsxs-g that . part q ffe abssrysLSs IN
ss.-cslIsd Easestss~f1 aeooTnf II T. pre-
sa~asio4 sor tie fzfaFe- 4 rizs 10 fbs esa
-o0ssr rate aeszsasss fhc sEei4@f e mar
*; b. f-Seaslag sapSlses ssnsi srssrses
shsse 81 easing - H. esN soaa ras> 81
saesz asE s=~est-zers 1s--sns fer ct
rtan~~ - EJECT tie eeissstsen 20 s-s-
.hznxe osAeafssas - I>ofdez pree~ssss
sxeert ~h~s she hzizsee q Efoft farzs -
- otAeY str
EEc.res over rhe rziisezs essEsc~sx az Ia
.ssnaa 30 ;rrn % ik~ eeszs7ss - fssfszscs-
-sert "a s<g,ensifsTs- ~ t~issrrs~rstE sf-I
sxsn 80 sesss<e cass - ses-zEss7 ~
-~aao-nsss 6s-xsiax szs tH~ isrEe E<r-
-ss4~rs hssfeFrsszsts s1eft~t 6-r4rx ss<
zse ;stefEserus1s S~fsos.
Issaes A.4s 5<xa 114 ard rssher h.