Newspaper Page Text
YOL. XIH, NO 156.
WICHITA KANSAS, SUNDAY MORNING, NO VEMBER 16, 1890.-TWELVE PAGES.
WHOLE NO, 2033.
THE STOCK EXCHANGE AGAIN IN
f 1 1 S&47 &&
123 to 127 North Main Street.
We Will beat any Closing Out
Sale, on Earth. It may Cost Us
some money "but we can stand it.
We never do keep quiet and see
trade going to Closing Out Sales.
We can, and 'We will, keep you
trading with us.
Every yard and piece of colored dress goods at cost; big lots
less than cost. Cost at our store means 1 5 per cent less than it
would mean at houses with cramped or limited credits.
Buy of us because you can buy cheap and besides you give your
patronage to a representative house that is always ready to protect
Our Prices this Week are Record Beaters!
Some more of those fine lustrous 19
inch black surahs at 48c.
21 pieces 19-inch colored Faille silk,
fforth $1.25 at 79c.
3 pieces 19-inch black Armure royal
silk (very new weave) worth $1.10, at 75c.
5 pieces French (40-inch) black all
wool satin stripes, worth $1.00, at 69c.
10 pieces 40-inch all wool flannels
with side bands for trimmings, worth
50c, at 29c.
8 pieces 40-inch all wool flannels,
checks, sober colors, worth 50c, at 31c.
5 pieces 54-inch all wool plaids, bright
colors, worth $1.00, at 69c.
4 pieces heavy cheviots, bright fancy
plaids, worth 75c, at 49c.
8 pieces 19-inch plushes, white, cream
light blue, pink, etc., worth $1.25 yard,
5 pieces 19-inch black striped velvets,
At 49 Cents..
20 pieces Nainsook checks at 5c per
15 pairs of fine $7.00 blankets at $5.00.
Special values in bleached Daniasks
it 65c, 75c, and $1.00.
Don't miss our yard wide Oxford
suitings at 15c a yard. They are going
15 and 20c sateens make fine com
forts, 10c a yard.
10 dozen white and gray -Jersey vests
ai small sizes, worth 1.00, at 75c.
Buy your millinery now. During this week we will offer all
our trimmed and untrimmed hats and bonnets at ONE OUAR
TER off the regular selling price. This offer at this season will be
a pleasant surprise for ladies needing fashionable hats and bonnets.
We will offer to our patrons this week bargains that have never
been approached for greatness of value. Every prudent buyer ought
to inspect the goods we are offering at deep cut prices,
' Be Here With the Crowd Tomorrow.
MUNS0N t & : MCNAMARA
Jackets worth $18.00, at
cheviot Jackets worth $9.00,
10 navy blue Beaver Jackets with
gold cord and heavy long cord fastenings
worth $16.50, at $12.50.
10 Astrachan Gapes worth $10.00,
10 Astrachan and plush combination
capes worth 10 at $6.50.
10 Astrachan capes worth $5 at 3.25.
10 Astrachan and plush combination
capes worth $5, at 3.50.
15 black diagonal Newmarkets with
Astrachan trimmings worth $6 at 3.50.
25 plain and fancy Newmarkets sell
ing from $16 to 20, at 11.50.
20 plain and fancy Newmarkets sell
ing from $20 to 328, at 16.50.
15 fancy and dark striped Newmar
kets worth from
10 Dozen Foster colored undressed
kids, worth 1.75 at 1.25.
50 Dozen ladies' white handkerchiefs
fancy drawn borders, worth 10c, at 5c.
50 dozen ladies' white hem-stitched
handkerchiefs, worth 25c, at 15c.
30 dozen ladies' black wool hose,
rib top, worth 45c, at 35c.
The Report of the Financial Dif
ficulties of the Barings
Causes a Panic.
A Wild Rush to Unload by Terrified Stock
Gamblers An Appalling Slump
in List Prices.
The Inner History of the Present Un
easiness in the London Pinancial
World A Meeting orl New York
Bankers to be Held "Weekly
New York, Nov. 15. The stock market
todav for the two hours' session was the
liveliest since the great slump of Decem
ber 15, 18SG, and for the space o an hour
or more there existed a perfect panic
among the holders of securities, especially
railroad stocks, and the declines estab
lished during that time were greater than
ever before seen in the same time. The
only cause of the excitement was the
announcement from London that the
great firm of Baring Bros. & Co , had
been forced to seek assistance to tide them
over the present financial crisis. The
holders of stock become panic stricken
over the news, without leflecting that the
danger had really already passed, when
the Bank of England and the Rothschilds
come to their help. Reflection, however,
is the last thing a man thinks of when his
pocket book is m danger, and every one
went in to save as much out of the wreck
as possible, by selling out in the quickest
time. Advices from London were reassur
ing, and the crisis was represented as over
there, and continuing the improvement
First prices were generally fractionally
higher than vesterday's figures, with
Northern Pacific preferred at 59f. The
announcement about the Barings was
thrown at the market immediately, how
ever, and the good feeling disappeared in
an instant, and, from prospective buyers,
the whole room became sellers at the best
prices obtainable. The force of the de
cline may be gathered from the fact that
in the short space of an hour Lackawanna
had dropped 9 per cent, Jersey Central
7, Atchison o, Pullman 5, Rock
Island 5, and the other leading stocks
from 2 to 5 per cent. each. The drop in
Lackawanna is entirely inexplainable up
on any known hypothisis, but the selling
of Atchison was based npon the fear that
the holdings of the Barings would in all
probability have to be liquidated. The
stocks were sold merely upon the scare.
The drop, however, feoon came to a
standstill, and the bears joined in to realize
profits accrued upon the tremendous drop.
The early selling soon developed the fact
that there were large selling orders in the
market, and the trading and professional
element soon took the market nway from
the sellers, and innumerable selling orders
were quickly uncovered, rendering the
stampede more serious.
A few minutes after 4hp downward
movement was checked, the bank state
ment was issued, showing a material gain
in the surplus reserve, and the growing
strength of the banks leaves no further
feeling of apprehension in "Wall street,
and the general imDression is that as
London becomes really quieter, there will
bo no disturbing influence found here.
Some investment houses now report that
they have more orders for ths purchase of
securities than they can fill, and these
purchases are all for investors who take
securities away from the street.
The rally obtained in the last hour ex
tended to 4 per centand over in someof the
most pronounced cases, but the upward
movement was insufficient to make any
thing like the losses incurred, and an ex
tremely feverish and unsettled condition
marked trading to the close, but it
was very active.
Tnere is talk of a meeting of influential
bankers and capitalists, to consider the
situation over Sunday, and come to some
conclusion as to what can be done to allay
the excitement and apprehension on the
The final losses are very material.
Lackawana is off i per cent, Jersey Cen
tral 5, Rhode Island 4, Missouri Pacific 3,
Atchison and Chicago Gas 5; C. C, C. x
I. 2. silver certificates 2, Northwestern
and Canada Southern each 1, Western
Union 1, New England IK, Wheeling
and Lake Erie 1, Texas Pacific 1 and
bugar refineries 1.
THE SUX OX THE SITUATION.
NEW York. Nov. 15. The Evening Sun
prints the following: "The facts in re
gard to the extraordinary monetary situa
tion which has prevailed in London for
the past ten days may be summed up au
thoritatively as follows: Owing to the
extent of their operations in railroads and
land in South America, the Messrs, Baring
have been more or less embarassed for over
six months. It was not thought that it
was serious, owing to the reputation of
the firm in respect to its resources, and in
respect to nearly a correctness of the most
successful conduct of the banking busi
ness upon a high and honorable basis,
which has given the house a world wide
reputation equal almost to that of the
Bank of England itself.
"On last Thursday week the Messrs. Bar
ing, at the conclusion of business, decided
thatit was impossible for them to con
tinue. On Friday morning, the 7th Inst.,
they notified the directors. The govern
ing committee of the Bank of England im
mediately reconvened, and, as will be re
called, startled the whole financial world
by raising the rate of discount. The pro
ceeding was almost unprecedented, and
called a halt in speculation at every money
center in the world.
"The present week has been one of the
most pamtul suspense in banking circles,
and this feeling hns been reflected in a
minor degree in New York, where the
more important houses having European
connections have been aware of the real
nature of the difficulty in London. The
report of the committee which had to
deal with the other private hanking
houses, as well as with that of the Barings
was made yesterday, and as the outcome
had been prettv generally antic'pated, the
Bank of England and the private financial
associations" which acted with it, were
ready to meet the situation. The strength
ening of the resources of the Bank of Eng
land had been carried out successfully
during the week, the Bank of France hav
ing come to its aid, so far as the supply of
gold was concerned, and a circular was
this morning sent to all the institutions in
London concerned, in which it was stated
that 7,000,000 had been supplied by the
Bank of England, and .7,000,0) by other
members of the relief party When sent
today, the more private cables covered this
extraordinary transaction, and they are,
as might be supposed, a reflective reassnr
aat to the London situation.
"If persons interested would stop to
consider that the credit of the Bank of
England and the strongest financial in
stitutions in Great Bntian had betn sub
stituted for the impaired credit af the
houses affected , it would be seen that no
faith worK remedy had been thoughs of.
In taking charge of the aets anu credit
obligations of the Barings, the term of
three years has been reserved in which to
effect "the necessary readjustment of their
affairs. What has been done in New
York in acascremotely parallel that of
This week we will place before the buying masses volumes of Dry
Goods at prices only to be seen at the
$25,000 worth of New Goods arrived at our store in the past
week, including; several thousand dollars worth of Christmas Goods,
which must be displayed, therefore we will
dise at exceedingly low
"We thank the generous
response to our last weeks
ad. Hundreds of patrons
and many new faces was
seen at the Globe this past
To Start the Ball.
Monday we start 100
-nairs white Md gloves, CH0IC&
button hooks. Foster's
j, par- iln
s, on VJ I '
d 1.50 x u v
nfitent. sizes 5i. 5?. 6 and )
6J, pretty for balls, par-
ties ana tneatres, oi
Monday we start them,
worth SI. 1.25 and l.o(
per pair, xou can mi-
agine how quick they "er Pr
While talking of interesting
subjects and comments of the
day, what do you think of that
big hat big hat sale consisting of
all new goods?
Ladies felt hats,
worth 75c to $2.50.
700 was the amount last Wed
nesday, tomorrow may be 400
left and still one of each kind
for you to pick from. Help
Far greater has been the suc
cess of our ribbon sale. When
we do anything we do it right.
We generally have enough to
Black, all silk, satin edge, best
No. 2, our price 3c, wth 5c.
" 4, 5 our price 6c, wth 8, 10c
" 7, 9 our price 9fa wth 13, 15
" 16 our price 15c, wth 23c.
" 22 our price 19c, wth 29c.
" 30 our price 25c, wth 34c.
" 40 our price 27c, wth 39c.
150 pieces left out of 600,
Fancy ribbons, 2 to 4 inches
wide, worth 20, 25, 30, 35 and
40c a yard, at 10c.
A lot of No. 5 to 16 cotton
ribbons at 5c per yard.
Special sale for three days,
Monday, Tuesday and Wednes
day, in our millinery depart
25 per cent discount for Mon
day, Tuesday and Wednesday.
Mail Orders Promptly Attended To.
Send in Your Mail Orders.
M. B. COHN,
GLOBE, 418 E Douglas Ave.
as Awe Dry too
Two great sales con
tinued from last week.
Our grand Ribbon sale
and Hat sale will go on
again this week.
Last week we had a sale on
Monday, before noon; many
came in the afternoon as they
understood it to be all day.
This one for Monday all day.
Newmarkets all day, sizes 32
to 40. New markets all day for
misses 12 to 16 years, worth
$5.00, 6.00, 7.00 and 8.00; our
price on Monday 8.23, 3.48,
8.73 and 3.9S. Now, come on
Monday at these prices.
Now read. Monday also. A
lot of misses cloaks, 4 to 10 yrs,
and a few larger ones worth
2.50, 3.00 and 3.50, at S1.29,
1.48, 1.73 and 1.98.
A lot of cheap ones, goods is
cheap, also price; sizes 6, 8, 10,
12 and 14 yrs, worth $1.00, 1.25,
1.50 and 1.98; Monday prices
are 49c, 59c, 69c and 79c. Very
low for these.
Jackets, not heavy, medium
weights; we bought them at a
price. They are worth $2 50,
3 00, 3 00, 3 50, 4 00 and 5 00;
on Monday yours at $1.73, 1.98.
Boys Overcoats Only about
ten in all, sizes 6, 7 and 8 yrs,
worth $5 00 to 7 00; Monday
choice $3 48r
Pocket Books and Purees
A lot of 275 purchased at a price
They are worth from 15 to 50c.
Two prices on them this week,
choice 10 and 14c each.
Hair Ornaments Nearly 800
bought at a price; worth 25 to
50c; yours at 10c each.
Ruching worth 25 to 40c yd
at 10c a yd; ladies linen collars
worth 15 to 25c each, 3 for 10c,
are moving very swift; only
once in a great while that you
get such bargains, and then only
at the Globe.
15reversable Beaver Shawls,
worth $3 00 at 1 89; 50 all wool
baeakfast shawls, worth 50 to
75c, at 33c; lounge comforts at
49c; boys outing waists, worth
50, at 33c; boys all wool under
shirts, worth 65 at 39c; boys
grey undershirts, worth 30, at
22c; black Windsor ties, worth
15, at 10c
let out lots of merchan
Looked like olden times
last week, 3 or 4 days es
pecially. Sorry we caused
you to wait. Intend to
bring double the crowd
this week. Read:
For This Week.
10 -nieces new cloth. 33-inches
wide, Armenian cloth, worth 25o
in handsome plaids, on sale at
15c a yard.
Plaids and Stripes, all wool,
38-inches wide; 15 pieces, worth
65c, this week at; 49c.
Plaids and stripes, not all
wool but good wearing material,
5 pieces, worth 39c a yard, on
sale at 25c.
Black and white Jamestown,
old stand by stuff, sold every
where at 39c, on sale at 25o.
Dark plaids and stripes, for
childrens school wear, autumn
cloth, worth 121c, this week at
9c a yard.
We offer 500 mens line percale
shirts, sizes 14 to 17, worth
$1.00, 1 25 and 1 50, at C9c each.
Undressed kid gloves, in tan,
dark and medium, button, sold
everywhere at $1 bo 1 25, this
week we clean them up at 75c.
Knife trays, oblong waiters,
dust pans, all at 10c this week
Neckwear for men A few left?
from last week; worth 50c to $1,
at 29c, 4 for $1; also a few 4-in-hands,
worth 25 to 50c, at 15c,
4 for 50c.
Veilings, black and white
dots, just arrived, prices 10, 15,
23 and 18c a yard.
Nickle plated Ansonia. clocks.
50 on sale this week at 79c.
Glassware and Tinware lv
havn't the room to give this de
partment, so come and see what
we have. Prices 'will be made
to clean them up.
Underwear for men
Grey wool, worth 1 00 at C9c
Fancy stripe worth 1 25 at 75o
Fancy stripe worth 75c at 49c
Grey merino worth 75c at 60c
Holiday toys arriving daily.
Due announcement of Santa
Glaus' arrival will be made.