The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-01-31
THE INDIANA TRUST COMPANY
OFFICES S. Meridian st.
WHISKY MEN WRATHY
APPOINTMENT OF RECEIVERS FOR
THE TRUST HURT SPECTATORS.
Trust Shares Led Actively New
York 'Change Yesterday-LOcal
Markets Weak and Dull.

AT New York, yesterday, money on call
was easy at per cent. all day.
Prime mercantile paper, 3Qp6 per cent
Sterling exchange was strong, with actual
business in bankers bills at $4.s9AG 4S9Ia
for demand and at s4.ssA@4SS1a for sixty
days; posted rates, S4.S9d4.S91s and $49t0
1907; commercial bills, $4S7A@4S71a
Silver certificates, 6Oc bid; bar silver Coo;
Mexican dollars, 481ac; at London bar silver
was q lied per ounce.
Total sales of stocks were 1856, 439 shares
including: American Sugar IL, 400; Burling-
ton, $500; Chicago Gas, 1900; Distilling,
1890: General Electric, $500; Louisville &
Nashville, $500; New Jersey Central. 800;
National Lead, 300; st. Paul, 10000; South
ern, preferred $500; Western Union. $500.
The fact of the appointment of receivers
for the Distilling and Cattle Feeding Com
pany, which was known to few after the
close of business Tuesday, became public
property yesterday morning through the
medium of the newspapers and induced SELL
Ing of the stock, but only to a. moderate de-
gree. less than 5000 shares having been
dealt in up to noon and only about 1000
shares during the rest of the day. On the
early selling the stock declined "a per cent
TO rs, but subsequently recovered the full
loss, reacting to g. and by noon rallying to
S4. During the afternoon the shares fuc-
tuated between sas and s1s. closing at the
lower figure, being only Il per cent down
on the day. Severe criticisms were passed
by the street on the action of President
Greenhut in endeavoring to forestall the
stockholders protective committee in it's
investigation of the company's affairs and
Judge Grosscup did not escape condemna-
tion for having made the appointments out
Of court. thereby affording an opportunity
1or the Withholding of the news from the
public for about thirty-six hours The
n mol GrIvnV fA1
cumstances and the bears were deferred
ny TINS tact from putting out many short
made by the protective committee for the
removal OF the receivers. The committee
claims to have proxies for large majority
OF the capital stock, which have been for
Warded to Chicago, to be used for the pur-
pose of the committee at the annual meet
The national financial situation was a
source OF much anxiety to the operators on
on the Stock Exchange and the uncertainty
undoubtedly restricted the transactions and
unsettled the speculation. The announce
Inent that Secretary of the Treasury Car
New York bankers was made early in the
day and caused discussion to whether
a bond issue or to take up the gold shin
ment question. Subsequently it was learned
mat ua., Mr.; Carlisle was not going, but that
ASSISTANT secretary Curtis was on his way
70 New York and 1t was at once accepted
as fact that he was the bearer of a COM
mission to treat for the floating of new
bonds. which, rumor had it, were TO be 4
per cents. The Withdrawals of gold from
the subtreasury were $3,600,000, all of which,
u is SAID, VIII go forward on Saturday next.
Considerable discussion was created by The
National Bank of Commences resolution
calling on the clearing house assoc AT. on
70 fesclnd It's rule against the opening of
special gold accounts by the banks.
would speak on the subject condemned the
proposltion as putting gold in a preferred
CLASS or money, and all agreed that if the
clearing house should grant the request (of
Wnicn there Is believed to be no possibility,
the drain on the treasury gold would be
eth heavier than 1t is now All of these
circumstances tended to an irregular stock
market. and during the greater part of the
gay the general list huctuated frequently
the close there was fairly good buying,
when impaired strong tone to the final
dealings. Compared with Mondays closing
figures, the last prices made are ma nly
number of heavy losses were made chief
~ In the specialties notably Mobile e
ONO, SIS; Edison Electric, of New York 2:
Hooking Coal, TX; St Paul. preferred, IL:
press. !. and New York Central and Sugar.
preferred. Y. Among the more important
sans are chicago Gas and Cordage guar
anteed ~; burlington, g, and Rock Island
There less activity to the trad,n,gs' IN
bonds To-day and the temper of Speculation
was generally heavy. Towards the close
tnere was squirt in some of the speculative
Issues. but an unsettled tone prevailed at
the close. The total sales were 81 OIL 5O0
Government bonds were generallv STEADY
but weak for the tours which have declined
1s@% per cent on report that the expected
bond issue will be of per cents State
bonds were dull.
The following table. prepared by Jamea
T.. Berry. Room 16. Board of Trade shows
the range OF quotations.: