The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-02-19
LOSSES IN A MONTH
HEAVY DECLINE IN THE PRICES OF
STOCKS IN A FEW WEEKS.
New Jersey Central Leads with n
Loss of ~ l-2 POints-Yesterday's
FIuctuatiOns-LocaI Markets.

AT New York, yesterday, money on call
was easy at ~ per cent, and closed at 11a
per cent.
Prime mercantile paper, 3lsM5Is per cent
Sterling exchange steady, with actual bust
ness in bankers bills at $IssA "a. SS1s for de-
mand and AS7A for sixty days; posted
rates AS7lzG4.Ss and $4.s9qLS9la; CONNER
cial bills, s4.s6.
Silver certificates, 6olsc bid Bar silver
closed at 5s7sc per ounce; Mexican dollars
&C. At London bar silver closed at q 7-16d
Total sales of stock yesterday were 129,-
az shares. including: American Sugar. 21,-
900; Burlington, 1890; Chicago Gas, $500;
Delaware. Lackawanna & Western, $500;
ID. q G. f., II, 200; Erie $500; l.. & N, 800;
New Jersey Central, 500: Northwestern,
LOO; St Paul, 100; Southern railroad, TO-
600
The week opened on the New York
Stock Exchange with heavy tone to the
speculation. which was largely due to the
depression In American securities in the
London market. There was foreign selling
In the international stocks, chiefly in st.
Paul and Erie, the latter being unfavoraby
affected by report that the stock will be
called to pay a heavy assessment under
the plan Of reorganization. The discussion
In the United States Senate on Saturday
on the silver question had dsqueting ef-
feet In this, as well as In the London stock
market, and impaired an unsettled tone to
the trading, which was not counteracted by
Senator Sherman's declaration yesterday
that all obligations of the United States
should be paid in gold where gold is de-
manded. The coal shares were weakest
OF the active list. Delaware & Hudson sold
Off 21a from the opening price. New Jersey
Central broke rs rose 2 and reacted "a;
Delaware. I.ackawanEa & Western declined
Ia, recovered ~ and reacted e: Reading
was neglected. only 400 shares being sold,
the stock receding ss and regaining n;
Susquehanna & Western made a loss Of
IA. The heaviness Of these shares was due
TO rumors unfavorable to trade prospects,
OF which the bears took advantage to raid
or about month ago the low point Of yes
terday shows depreciation of 1919 in New
Lackawanna & Western, 81 per cent. in
Delaware g. Hudson and in Susquehanna
The selling Of Erie was quite brisk. both
foreign and home interests iiquidating their
holdings on the theory Of heavy stock as
final recovery of "a; the preferred broke
21a. Since the middle of January, Erie COM
mon mas ,is lost 2M and the prefe rred 81. The
Gay, put In the last hour the market came
into better tone. there being quite a good
prevailed at the close The final figures
made made are very irregular compared with
saturdays closing quotations, but in a ma
1ority of cases are higher, notably Cordage
guaranteed and Nationl Linseed and Edi-
son Electric of New York. 1la: st. Paul and
Omaha, IA; National Starch second nre
ferred, I; Lead preferred and Dstilline
g; Huntington and Sugar, Is, and Sugar
preferred q. In the list of declines Are
Susauehanna and Western. ~; Delaware
q HUDSON, 1ss; Delaware, Lackawanna &
5 5iay state Gas, rs; Erie, Is; Erie preferred
Union Pacific. ". Northwest is up X: st
Paul ~ down "a and Rock Island stands m
changed on the day. ~
mere was a moderate amount of busi-
ness ness IN railway and miscellaneous bonds to-
gay nut the fluctuations IN the specuIatiye
1ss les were insignificant Total sales We're
government bonds were firm. State bonds
:, me FOLLOWING table. prepared bv Jame.
=. berry. Room 16. Board OF Trade. shows
the range Of quotations:
nranv, L