The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-11-05
UNLOADING STOCKS
LIQUIDATIOx n ORDER OF BusI-
NESS ON STOCK EXCHANGE.
Continued strength of Foreign Ex-
change Exerts Insettling InHu-
ence-Local Markets Active.

NJ New York, yesterday. money on call
was easy at 2 per cent.
Prime mercantile paper. .G5I4 per cent.
Sterling exchange was firm. with actual
business I'm bankers bills at N.SsaGlSo fer
demand and at A.S7@m4.ss for sixty days;
posted rates. s4.ssla and $780,: commercial
bills. ~A.S5EalS4.
Silver certificates. esaesl4c: bar silver.
6s<c; Mexican dollars. 54izc. Bar silver
was Gid per ounce at London.
Total sales of stocks were 1895 shares.
Including the following: American Sugar,
$500: American Tobacco, 100; Atchison,
$500; Burlington, 24.S00: Chicago Gas, 49,
oW: Distilling. 1900; General Electric. 81
200; Kansas & Texas preferred. 5000:
Louisville q Nashville. 16. 100: Missouri Pa
ci3c, 500; Northwestern,6 100; Reading. 49,
200; Rock Island. 500: St. Paul. 80, 100;
Southern, $500: Southern preferred, $500:
Tennessee Coal and Iron. 500; United
States Rubber. 400; Wabash preferred.
400.
Liquidation was the order Of the market
for Stock Exchange securities yesterday,
all of the stocks and bonds having an in
ternational range being conspicuously
weak. The movement was unexpected in
Wall street, as cables from the leading for
eign financial centers were more reassur-
ing The approach OF the eiection-day hoI-
1day. too. had been expected to be marked,
as usual, by the evening up of short con-
tracts TIL continued strength of the for
eien exchange market still exerts an unset
ting influence. although it is alleged that
members OF the late government bond
syndicate are ready 10 play an effective
part. IL necessary, to prevent gold exports.
Lsallroad earnings presented were mainly
Tor the fourth week and month of Octo-
Der. and were favorable in all important
cases. the ST. Paul making a notable ex-
nioit. The company increased gross for
October &s0.9S. The volume of business
was close to the highest recent average.
About the only stock in which there was
any semolence or support was Sugar. and
Il scored second in point of activity. Aft
ports of lower prices for foreign beet
sugar 1t advanced IA per cent. and after
final figure The General markei nnena5
weak, AID, aside from a slight halt at the
opening and again around delivery hour,
ward. In the usually inactive stocks ex-
csptionally severe declines occurred. The
distribution OF the dealings was wider than
Tor a long time past. Important declines
were general. with an extreme loss at the
low point of rs per cent. in Louisville &
tive shares the recessions extended TO 81
per cent. in Erie Telegraph. The foreign
selling OF securities IN this market was
fariously estimated at from 10000 to 10000
shares. In the late operations the dealings
were ~erratic, but the closing was weak at
close TO the lowest of the day.
Marked animation characterized the
dealings in bonds yesterday. the average
sales footing up $500 900. The pressure
against the Atchison and Reading issues,
which had been a conspicuous feature of
che trading in the preceding week, was re-
stunned. The heavy selling of AtchisoE
bonds for foreign account is attributed to
q Misunderstanding or uncertainty as to
the probable personnel Of the board of di-
rectors. The general list was notably
weak. and the dealings included a number
OF usually neglected issues. The more i'm
portsnt declines are: Consumers Gas of
Chicago frsts. Us per cent; Kansas &
Texas seconds, Wabash seconds. Erie
tours extended. Northwest sinking fund
fives and Atchison second trust receipts,
Ia. Kansas a Pacific consols trust re-
eeipts and Reading first incomes, Ia: Kan
sss & Pacific seconds, 2: Kansas & Pacific
thirds. liz: Kansas & Pacific fours. trust
receipts, Brooklyn Elevated hrsts. Interna-
1icnai and Great Northern seconds. Min
nesota & st. Louis consol fves and Union
Pacific collateral trust four-and-one-haIf
trust receipts, 1; 81. Louis Southwestern
firsts. rs; 81. Louis southwestern seconds,
liz per cent.
Dealings in governments amounted to ST.
On. In State mortgages $4,000 Tennessee
settlement threes were dealt in.
The foliowine table. prepared by James r.
Berry. Room is. Board of Trade. shows the
range OF quotations..