The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-05-21
STOCKS WERE HEAVY
BRISK SELLING BY FOREIGNERS
MARKED TRADING ON CHANGE.
With Exception of Sugar. the Trust
shares We're Hammered DOwn-LO-
cal Markets Dull and Weak.

At New York, yesterday. money on call
was easy at 1@fis per cent; last loan.
Ia: closing. 11s per cent
Prime mercantile paper, 25.N4ia per cent.
Sterling exchange was dull, but firmer.
with actual business i'm bankers bills at
s4sIlaniS1&i for demand and As6IbFi ises,
Tor sixty days; posted rates, SIS7GIs7Ia
and ASSa4ssl2; commercial bills, Ag5IbGD
4.Sss
Silver certificates. 6714467%c; sales. 3O,COO;
bar silver. Csc: Mexican dollars. SIC. At
London bar silver has declined to 30 11-16d
per ounce.
Total sales OF stocks were 33s, 95s shares,
including: American Sugar. 1890; American
Tobacco. 100; AtchIson, 1000: Burlington,
1900; Chicago Gas. 1880: Distilling, IS. iO0
Kansas & Texas preferred, $500; Louisville
4 Nashville, 1900; Missouri Pacific 3,1O0
New Jersey Central, 3.4Oo: Northern Pacific
preferred. 500; Northwest. n.7O0; Reading
$500; Rock Island. 5000: st. Paul. 1850:
Silver Certificates. $4,000; United States
Gordase, 5000; Wabash preferred. $500
western Union, 500; Wheeling & Lake
Erie. IL. 900.
with heavy market, in sympathy with
the weakness Of American securities in
London. and under brisk selling both for
the home and foreign accounts prices de-
elned during the first fifteen minutes.
Northern Pacific preferred made the heav-
lest loss-2 per cent.-the extreme depres-
sion therein being due TO the circulation
OF reports that the reorganization plan
would call for heavy assessments on both
the preferred and common stock. In the
rest of the list the reaction did not ex-
coed ! per cent in Distilling. Sugar came
into good demand and sold UP liz. and
on covering of shorts, Northern Pacific pre-
ferred rallied Ia per cent. while the gen.
eral market moved up fraction with the
exception of Baltimore & Ohio. which sold
down ! per cent, and the Cordage stocks.
t Tsich broke la P per cent fts the latter in
prices moved back a trifie, but quickly re-
covered, New Jersey Central recording a
gain of liz. Baltimore & Ohio 1. La Clede
Gas l, Great Northern preferred liz and
other shares isdl per cent. Toward mid
onstfati0nss and-the market again gave
way, becoming dull and featureless in the
next hour. and gradually growing weak.
During the last two hours the tendency of
figures was downward. the specialties
which have been most prominent in the
recent advance. the grangers and the coal
stocks, leading i'm the decline Speculation
closed heavy, with prices in the main
1416s per cent. lower. the latter in Great
Northern preferred. ? per cent. in Wheel
ing & Lake Erie preferred.
The early dealings in bonds were char
acteriZed by the buoyancy OF the Northern
Pacific issues, but they, in common with
the general market broke badly in the
S2SHO 600 The main declines are: Corda ge
firsts per cent: Pittsburg x Western
frsts. liz. Advances-Ohio Southern tours,
81. per cent.
Government bonds were firm. State
bonds are inactive.
The following table. prepared by James E.
Berry Room 10, Board OF Trade, shows the
range OF quotations: