The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-12-23
FEVERISH DECLINES
Fluctuations Were Wide in Stocks
and Speculation Active.
Industrials Suffering Among the Heay-
lest and Changers We're StrOng-NO
Improvement on the Local Board.

At New York. yesterday, money on call
was easy at 191l5 per cent. the last loan
being at l, closing at per cent.
Prime mercantile paper, 312GfI2.
Sterling exchange was dull, with actual
business in bankers bills at SAS6sf6I4s7 for
demand and S.srlG4Sfs for sixty days:
posted rates. 81. s5Gt4S71z; commercial bills,
SSAa4S1z.
Silver certificates. $3.50 bid Bar silver
closed at 691ac per ounce.
Total sales of stocks amounted 10 223. 100
shares on the Stock Exchange, to-day,
the speculation was feverish and unsettled.
some heavy declines being recorded in GER
tain Of the speciaIties due TO the fact that
they happened 10 be offered for sale on a
weak nlarI<et rather than by reason of any
specially unfavorabe conditions of the prop
critics themselves. In the active list the in
dustrials were heaviest. but occupied less
attention than usual. the dealings being
well distributed throughout the list Atchi-
son was actively traded In, and there were
evidences of quiet covering of yesterdays
short contracts made during the little furry
consequent on the death of Chairman Ma
goun. OF the board of directors. 1t was
stated that the company paid off a loan
or 100000 Thursday which ii could have re-
newed, and that other indebtedness matur-
ing this week had also been paid. The
course of the stock was reassuring under
the prevailing conditions. which were favor
able 10 the discovery of weak spots New
England Leu in the dealings. and met the
attacks OF the bears without sustaining
serious injury. II is reported that Presi-
Boston. have settled their differences
and Joined forces for the advance
the ent lines t6 gSS aw YORK interests on
according TO the present plans The grang-
ers were among the strongest of the act
I've list. the grand showing on Northwest
on net earnings for November which almost
wiped out the heavy decrease in gross re-
them af PrGxhg the fPeaf factor in holding
the day. st. Paul was sold freely late i'm
the afternoon and after an early advance
recovery at the close. the net loss being
per cent. Rock Island also deprecated
cent Western Union was subjected to Sc
we're bear pressure accompanied by the usual
cago Gas was weakest Of 1.-THE the ind4striaIs on
selling orders from the West closing M
i ,. lowest 2y point touched; rs per cent. be
show the heaviest declines from Thursdays
final ngures are Evansville q Terre Haute
41s; Rubber. 4: Pittsburg c.. c., c. & ST.
Louis preferred. %; Manhattan. 214;' Pull
man and Lake Erie preferred. 2 per cent
and New York Central and wheeling
a Lake Erie preferred. per cent
COrdage preferred advanced and Nationai
Linseed. Ia per cent.
The bond market was strong up to noon
with the AtchisOn issues the feature but
during the afternoon became heavy i'm svm-
pathy with the share speculation At the
close the TOURS show advance of - and
the seconds a decline of 3. The other lead
Ing changes are: Decentralization Col
orado ard Pacific firsts and Western New
York a Pennsylvania seconds each ~:
Northern Pacific consol fives. rs; Iowa
central hrsts; IL; Chesapeake & Ohio,
four-and -a-halfs per cent. Advances
st. Paul, Minnesota * Manitoba seconds
IL; East River Gas fves Chicago & East
ern Illinois fves. Hooking Valley fves and
Chicago x Northern Pacific firsts each |
per cent. Peoria, Decatur &, Evansville
sold at p against 3D. on Dec. 10; Toledo
Peoria 6 Western frsts sold at 81 against
S2i2 Dec. u
Government bonds were dull while State
bonds were inactive
The following table. prepared by James E.
Berry. Room 1e. Board OF Trade. shows tina
range OF quotations.