The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-06-29
PANICKY I%NDUSTRIALS
LARGE LINES OF LONG STOCK
THROWN on MARKET YESTERDAY.
M Communicated to the
Shares-Loca1
More Active and Firm.

At New York, yesterday, money on call
was easy at 1izG2la per cent; last loan. 2;
closed at 2 per cent.
Prime mercantile paper, 2i1xd3 per cent.
Sterling exchange was quiet and steady,
with actual business in bankers bills at
$4&hq4S9A for demand and A.SSAa4.SsA
for sixty days; posted rates. $4.s994.s9h
and A.SOQ49O12; commercial bills, $.S7AQ
ASS.
Silver certificates. 664d67c; bar silver,
6614c. Mexican dollars. 53Ac. At London
bar silver was so SLED.
Total sales of stocks were 476. 7O6 shares,
including: American Sugar. $1,000; Ameri-
can Tobacco. 1900; Burlington, 1890; Chi
cago Gas, $500; Distilling, 10000; General
Electric. $500; Kansas & Texas preferred,
100; Louisville * Nashville, $500; Manhat-
tan Consolidated. 400; Missouri Pacific, A.
300; National Lead. 11.60O; Northwest, A.
SW; Pacific Mail. 500; Reading, $500: Rock
Island. 800; st. Paul. 1880; Silver GER
tihcates, 1900; Tennessee Coal and Iron,
1850; United States Leather, $500; United
States Rubber. 20.eOO; Wabash preferred,
100; Western Union. $500; Wheeling &
The feature OF the speculation OF the
Stock tXchange yesterday was the break
IN the industrial shares. Large lines OF
long stock were thrown on the market
and the bears sold freely. On the way
down stop, orders were uncovered, which
added to the volume Of the sales and the
speculation became almost pan!cky. In the
middle or the afternoon the decline was
checked by q covering movement which
caused a sharp rally. but a slight reaction
occurred in the closing dealings. The
posting Of a notice on the Stock Exchange
that the United States Rubber Company's
stock would be stricken from the list if it
dld not comply with the request Of the
governing committee to furnish a state
ment OF it's financial condition added ma
tcrldllV TO the fpycriShnaSG of fha no IL.
aIthough 1T was announced that a state
ment was being prepared which would be
fluctuations in those industrials which
infatuated most widely are: Tobacco adj
vanced Is per cent. to 1li9s; broke to 1O7.
rallied to 1l2H. closing IL per cent. lower
on the day. Tobacco preferred declined .
per cent. to 113. Rubber dropped SK. to
SIzt, recovered TO 1914 and reacted to 3s24.
preferred sold down Ia to 91%. Sugar.
a iosie s an early gain of n, fell off 5s to
ls down from Thursday. Chicago Gas
opened q lower: rose Z to SIS. broke to 90
ana rallied to SIS which is rs per cent.
below thursdays final sale. Distilling adj
vanced Is. fell Off 2 and regained q, losing
1 per cent. net. General Electric rose q
per cent. to 81, receded TO 34ss. closing al
a rally of rs. The general market was. of
course. affected by the break in the in
dustrials: but only to a limited extent.
trading prices rose 1sG2is. The improve
ment was .ascribed. to the feeling of conf
1chSC ihSpIcu Dy TIE trunk line agreement.
Then came the great collapse in which the
grangers receded lass per cent, the lat
ter Burlington; Tennessee Coal, 2; Colorado
Coal, Ia; Pacific Mail, III, and the gen.
eral list, 1sQ1A per cent. During the after
noon there was a rally OF ia in Burlington,
1a in Rock Island, 1s in Tennessee Coal.
rs in Wheeling & Lake Erie and h61 per
cent; in other stocks. The market was ir-
regular in the final trading and closed un-
settled in tone.
The bond speculation was strong in tone
during the early dealings, but subsequently
generalization of the stock market led TO
a shattering of values of MORTGAGES. The
sales were. I.f76.Ooo. Susquehanna & West
ern seconds sold at %, against IS the last
preceding sale. Other noteworthy losses
were: Virginia Midland generals, 2 per
cent, and Ohio Southern firsts, l per cent.
Advances: Erie reorganization first lien.
2a per cent; Canada Southern seconds
registered. 2; Western New York & Penn
sylvania firsts and Wheeling & Lake Erie
firsts. Wheeling division. L per cent.
Government bonds were steady. State
bonds were quiet.
The following table. prepared by James E.
Berry. Room 16, Board of Trade, shows the
range or quotations.: