Evening star. [volume] (Washington, D.C.) 1854-1972, 1895-12-20
CAUGHT WHEN STOCKS FELL.
Suspension Of New York Brokers An
nOunced.


nounced.
NEW YORK, December 2O.-The failure
of Nicholas rockingham & Company, an
Lcunced today on tie stock exchange, is an
urimpertant one. C. 8. rockingham Is
the only member of the firm, his member
slip dating from 1877.
The failure is due wholly to the fall in
stocks. Nelson J. Waterbury. counsel for
the house, advised assignment for the pro-
lection OF creditors He says that he be-
lieves the firm will resume business at an
early date.
IF 1t had been a question of banks"
said he. "Mr. c. F. rockingham, who has
been doing business in the street since
an assignment. The assignee is Clinton E.
Sweet"
The failure of S. s. Sands & Company was
later announced on the stock exchange. A
member of the firm said 1t was due to calls
on them for stocks they had in loan The
failure was precipitated by heavy decline
in stocks over night. They have no out
standing contracts. The firm is one of the
oldest on the stock exchange, and has been
regarded as one of the most substantial
De Neufville & Company have announced
their suspension on the stock exchange. j.
j. De Neufville says the failure was due
to the decline on the stock market and
their inability to call in margins Obltga-
tionS are small.
On the London EXCHANGE
LONDON, December 2O.-Soon after the
opening there was d marked depression on
the stock exchange
The Evening Standard referring to this
depression, said this afternoon: The de-
clines were in sympathy with a further
heavy fall In Americans. which went down
from 81 to s., st. Paul leading the way
American bonds were also freely offered,
and unless these are taken up for New
York the outlook is gloomy"
There was extreme depression on the
Manchester and Glasgow stock exchanges
The Westminster Gazette referring to
the condition of the stock market, says
that there was a financial panic in the fall
in prices of American railroads, the de-
clines being: Chicago. Milwaukee and St
Paul. ia; Louisville and Nashville, 3 3-S;
Denver and Rio Grande preferred. 2 3-4;
Illinois Central, 2: Atchison, 1 5-S, and Ca
madam Pacific, -.
Continuing. the Westminster Gazette
says: Mot only Is the selling for the ac-
count OF investors but speculations for
drop have commenced on a considerable
scale"
The Philadelphia Market.
PHILADELPHIA, Pa, December 90
The stock market here today is very weak
and 'feverish. Nearly all of the stocks
traded in on the Philadelphia stock ex-
change opened below yesterdays closing
prices. Pennsylvania railroad was off IL;
Metropolitan Traction dropped from 1OI 10
10 rs. and at l 80 was quoted at 96 "a;
Philadelphia Traction. from 6 rs to 81;
general mortgage As, from % 81 to 30 1-2;
j.ehigh Valley, from IS SIS 20 36I. asked
Some of the local industrials declined as
much as IS a share.
The Boston Market.
NEW YORK. December Ca Boston
dispatch to the Evening Post says: Prices
on the Boston market followed the decline
on the New York exchange today. At the
opening there was little activity, but there
seemed to be in the air a semi-panicky feel
ing, while all the local stocks showed
sharp falling off from yesterdays prices
Montana, the local mining stock, opened
do Hn rs at 20 and then broke to Is. Butte
opened 14I4 off from yesterday, while West
End common was Off ~ to 67A.
The railway lists were also off more or
less, the only one holding its own being c.,
B. and q. Bell Telephone declined n to 3Ol,
and the industrials showed a decline ali
along the line.
Boston Brokers Suspend.
BOSTON, December 20.-Messrs Sawyer,
Clarke & Co., brokers and bankers, closed
their doors at noon. The concern is a
minor one.
Treasury Omcials Reticent.