The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1895-12-22
RALEIGH MARKET.
NEW Y DEK $40

NEW ~ II SAO
NEW YORK, Dec. 21.-The trading
at the opening of business on the Stock
Exchange was even more demoralized
than in the initial dealings of yester-
day. London cables showed lower
prices but reported better tone prev
alent at that center. Nevertheless, the
foreigners continued to unload Ameri-
can securities and the decline of values
in the first quarter of an hour was very
severe and extended to 9 per cent. in
Lead preferred. Subsequently Cord
age guaranteed reacted ID per cent
The decline in the leading railways
was headed by Lake Shore, with
break of per cent. The other Van
derbilt stocks also sagged sharply
The fiurries then subsidized and prices
took a turn upward. The market was
feyerjsh throughout the day and prices
fuctuated rapidly, the changes being
very wide. The announcement of the
failures of two small Stock Exchange
firms served to intensity the unsettled
feeling and sales of stocks under the
rule were made for their account. Con-
solidated Gas broke S1a per cent. to
1876, rallied to 1879, reacted to 1856, re-
covered to 40 and closed at 1857.
In the final dealings there was con-
siderable pressure against the Gran
gers and Coalers, which resulted in
heavy losses. The market closed weak,
at losses on the day ranging up to 10H
per cent in cordage guaranteed The
total sales were 314,958 shares. includ-
ing 10000 in sugar and 80, 800 shares in
ST. Paul.
4 week of intense excitement in
financial circles has Just been brought
TO a close. Seldom, if ever, has the
stock exchange been convulsed to such
a degree and for SO long a period as in
the present instance. Heretofore pan
les have quickly subsidized and the bot
tom has been reached by rapid stages,
but upon the delivery on Tuesday last
of the Presidents message on the
Venezuelan imbroglio the depression
on the stock board has steadily in
creased.
Associated Press advices on Satur
day declared the Rothschild story 10
be a canard and announced that the |
London bankers had resolved to make |
no Withdrawals of American credits
forthe present. As result, declines |
made i'm the opening dealings We're |
partly recovered and a steadier tone |
temporarily governed the shares spec |
ulation. The improved feeling was of
brief duration. and the gains made |
were in many instances almost entire |
" wiped out aud the market closed |
decidedly heavy in tone. The sales |
for the foreign account are estimated |
at about 100000 shares, which breaks |
all previous records, At the extreme !
low point on Saturday, the important |
declines, compared with the high |
prices prevailing earlier in the week |
are as follows Consolidated Gas 24Ha |
per cent; n. j. Central 17zs; Metropoi |
titan Traction 1914; Lead, preferred |
16h; X. /. l6H Rubber, preferred 10; |
Pullman 1874; st. Paul 1917; Lake |
Shore 141s; Burlington 14A; Louis |
vile i41a G. c, G. and St. Louis l4% |
Kansas and Texas 141b; Lackawanna |
and Chicago Gas 1875; Lake Erie
and Western, preferred 1891;
Lead common 1874 Canada
Southern, 1874; Tennessee Caol, 127s;
Rubber, preferred, 1874 Southern.
preferred, 1921; DistiIling, 1875; Sugar,
1915; Manhattan and Iowa Central,
preferred, ~; Pacific mail, 1f35; ST.
Paul and Omaha, ltH; Delaware and
Hudson, 11H; Northwest, 11%; Suque-
hama and Western, preferred, 11Ts;
General Electric, 113s; Missouri Paci-
fic, II; Denver and Rio Grande, pre-
ferred. 1919; Colorado fuel and New
York Central, l0H; Illinois Central,
10; Atchison, preferred, 9k; New
York Central and St. Louis, preferred,
9H, and Tobacco, 8h. The dealings
for the week reached the extremely
large total of 1888, 900 shares.
The decentralization in prices of rail
way and miscellaneous mortgages
which occurred during the week was
attributed to the same influences that
dominates the stock market. The
dealings were unusually heavy and the
depression in prices was very severe in
the issues having foreign market.
The trading for the European ac-
cont was very heavy. The aggregate
sales were 1882 ,000
NEW YORK. Dac. 81 Money on call
opened At so offerep nd 25 I'd, bar d
clintd TO and closed AZ pei cent
Prime mercantile pave 4MM559 per cen.
.tariing change tropg with actual bnsi
ness IN ,anker,' b lis at 4 Sa1la4 S919 for
demand, aud 4.s7Mn4sS for 90 DAYS Post
ed rates ss3%@4 g I'd 40 az 9o19
oommef Bar s os esY Mexican lex ssn dolays
F2x Government bonds Sta e bonds
nothing doing Railroad bonds -.
0 ss 1s~ reg % iish S. S." coupon on" iisH
O AS. reg III . s4s, coupon NV |