The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-12-27
SHARES WERE LOWER
AtchisOn and New England Stocks
the Depressing Features.
Declines on Wall Street Ranged from
1-3 TO 3 Per Cent.-IndianapOlis
Wagon Wheat Drops to 56c.

At New York yesterday, money on call
went at I01IR per cent. the last loan being
at 1d1lz. closing at 1G1la per cent.
Mercantile paper. 3lzq515 per cent.
Sterling exchange was dull with actual
business in bankers bills at $4ssi.d4S624 for
demand and at Si4Ha4Sl1z for sixty days;
posted rates. $4S51zd4-ss; commercial bills.
ST. seat s3K
Silver certificates. $3.50 bid Bar silver
closed at sec per ounce. Total sales of
stocks amounted to 246, 400 shares
The placing in the hands Of receivers late
on Saturday of the Santa Fe road was one
OF the several factors which depressed the
speculation the New York Stock FIX
change yesterday. Another depressing intiu-
ence was the uncertainty of the situation
in regard to New England. The payment
OF the January disbursement Is yet in doubt
and there were uncomfortable rumors that
the control OF the road will, in the near flu
ture. il IL has not already been taken out
of the hands of the present management.
There were free selling movements in both
stocks AtchisOn. after a drop of 124c at the
opening, rose l per cent. on purchases OF
$500 shares. Then the selling began anew
and the Improvement was lost During the
rest Of the day the stock was firmly held,
fiuctuating between 13q1Sz4c and closing at
price Of Saturday The general trend of
sentiment seems TO be that the receivership
will not be Of very long duration, and that
the interest of the stockholders will
be carefully looked after. The Stock
Exchange at London being closed
to-day. possibly prevented heavier selling,
as London Is a large holder Of Atchison
securities. particularly of the bonds. which
were very weak in this market. the fours
=. ftwafrR n..1 11rrtr4 .ar
cent. the seconds selling down 312 and re-
covering 3 per cent The announcement
week In December showed a decrease of
over 100 served to depreciate the value
OF the shares. large blocks Of which changed
holders parted with their shares when it
became known that the company had issued
confidential circular TO its customers, say
ing that 1t was not likely increase in
the wholesale prices of whisky would be
made. The other granger shares were also
heavy. Sugar opened u down. rose Y and
receded Is Then came reports that a mod
ihcation OF the tariff bill was in progress
which would assist the sugar refners, and
good buyers came into the market, whose
purchases sent Sugar shares up per cent.
Realization of profits and some short sales
caused reaction OF 1ss during the after
noon. with a final rally of *. the gain of
the day being rs per cent The only other
shares which at the close showed an adj
vance We're: American Tobacco, 81; Sugar
preferred. ], and Delaware. Lackawanna &
Western and Manhattan. y per cent. The
decline, compared with Saturdays closing,
ranges from * to per cent, Distilling
leading the downward movement. Rubber
Is down pa. Minneapolis & st. Louis pre-
ferred and Great Northern preferred 21a,
Illinois Central and Pittsburg. Chicago K
ST Louis la. Louisville x New Albany pre-
ferred Us. Reading, New York, Chicago &
St. Louis. Pullman and COrdage preferred
IL. Louisville & Nashville and Union Pa
cifc IL, and Chicago Gas, Lead preferred,
Consolidated Gas. Lake Erie & Western
preferred. Mobile & Ohio and Wisconsin
Central per cent. The market closed weak.
The railway and miscellaneous bond mar
ket weak all day.
Government bonds were dull. State bonds
were inactive.
The following table. prepared by James e.
Berry. Room 16. Board of Trade. shows the
range OF quotations.: