The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1895-12-21
an EXCITED MARKET.
The Zen szueIan Question Looms Into Great
er Prominence In Stock Dealings.
FIVE STOCK FIRMS GO TO THE WALL.
A Small Sized Panic Rush 10 Sell as
Soon us the Board Opcncd-r.ocal
Operators Weakened by Recent
Hrcah in Industriais Forced to Sell
Hanks Call in Looms.

New York, Dec. 20-The dealings at
the New York Stock Exchange to-day
were attended with unusual excitement
ana prices broke badly. The Nenezue-
IAN queStiOn doomed into great proIni-
hence and the news relative to the pro-
GeeulnSS ut Washington was scanned
WITH more concern. Before the OPEN
ing of the local stock market II was
known here that prices for Americans
IN London had broken anywhere from
To per cent. The result was u great
rush 10 sell stocks the minute the board
opened, and the movement continued
well INTO the afternoon. London, which
mas been sailing our securities ever
since President Cleveland's message on
Venezuela boundary matters was sent
INTO Congress, turned up.again at the
start with liQuidatng orders and It is
estimated, sold about $4,000 shares of
various American stocks. Local opera
Tors who have become weakened iinan-
ciallE by the recent break in the In
dustrials, were forced to SELL and thus
add to the depression. No discrimina-
tion was used. the gilt edged issues as
wei as the rnttle-trapS all being thrown
OH the market apparently regardless of
price; kunlors OF heavy Withdrawals
OF gold for export to Europe next week
also mad u demoraliznG influence Some
OF the estimates were that ten mil
mons VIII be forwarded. but at the end
O! the Gay no one could he found 10
c"Hiirhl inns or anything like It. Again
money. which has been ruling Mt q nor
cent. and under to stock exchange bnr-
fowcrS. suddenly rose 10 so per cent. ana
u number of banks began 10 call in
ionns: This helped TO swell the amount;
~ offerings OF long stock and three
Suck cNchanEe firms We're forced to the
MaIi. Thc firms in observation-disclosures
,. :. Sands & Co. Nichols, Frothingham
* Co. and De NeufvilIc & Coin an
nouncing their suSpcnsions. stated their
-.
lneir customers TO respond to call for
h;hfSitis. At the Consolidated EI-
changc thero was also two small fail
urrs. he outpouIing of stock and the
,a"h vi Suplort from any quarter. led
70 Il hreak of anywhere from ] TO l5i.
per cent -
National Lead preferred, raclined
~ consolidated Gas 70; Delaware
H H iiuuson. .: National Lead. common.
y: Iaciic hail, Gi.: Pullman !: Omaha
~ Southern Railway, preferred GS;:
tennessee Coal. Z; Manhattan. 81, DER
.eE central. .: New York Central. GIa;
G -; Southern. 6; Michigan Central.
- illinois Steel, 4; l.. &: NJ lOI;: Lac
lche Gas. Si.: Lake Erie ana Nrsi~rn
Ir'i erred s; Like shore. s: General
!-lectllc, w; Denver, preferred. a..
oaac!Sawanna. .; st Paul, 10; Il. G. o..
rs; Northwest. 72 Chicago Gas. 7S;;
missouri Pacific. Sb
ne Canadian h?"ts were among tho
hfsi Ia call on their loans and in am
SWer 10 inquiries eorl" Of the foreign
1','t,liS's Sald that they were com
PEELED to use the money To nurcI, go ~,
change ''''S ~
!iorrowSrs were compelled 10 .c,r,
elsewhere ana near the close tho. r.n
ir2i rust Company came in the market
a'ln ohercd Sao0o0Oo, which broke the
money rate from so To So reI cent In
lhc maj dealings the rate worked bnct
- 30 per cent, The decline in rloneS.
started up q little better demand fC,.
stocks generally, and on purchases nv.
bargain hunters and others n recov-
cry Or IW1 rcr cont. took place. in tho
standard Issues. and eleven pcr cont
in Lend. preferred. Lead. preferred.
rallied II To IS; do. common. 4 10 ".
Consolidated Gas. 6la To Hex; SUGAR
~ TO 36!i; Tobacco. ~; Ia -: Lake
shore, %% TO- 1853. l.. & y. s3i to l2s.
Manhattan . to 100; New Yorl; Central
GA to $751;: Canada Southern. 2H to 49,,
Jersey Central, y. To 1915: Rock Island
= 10 60: Delaware ana Hudson. oLi 10
l29t": Lake Shore. | To 1i6: New Sorl
Central. l%@ to !5'a: Southern Railway.
preferred ~. To 2G9, Rubbcr. to %:
Leather, preferred. ~, TO 64M. ana
Western Union. 27S to S5ss.
ihc Eain was not fully maintained
however. ana in the final trading tho
mhrket was fcvcrish aud unsettled
Net changes for the day show losses of
1i1.2T6 shares.
hallway and miscellaneous bonds
were weak and dcmoraiigcd to-day in
sympathy With the stock market. The
depression. to n large extent, was due
70 sales t"r foreign account pcrcmptcry
ORDERS having been received 10 dis
pose of the active issues ut the market
Tie losses ranged from | 10 IL per cent.
Ihe sales aggregated S3.0950OO.
Closing I;Ids.