Omaha daily bee., 1895-12-21
STOCKS AND n
Developments of the Day border ON
the Scus%ntlounI

NEW YORK. Dec. ao.-In a general way the
average Wall street habitue was prepared after
the close Of business yesterday for probable de-
preston in the stock market today on account
OF the Venezuelan message episode and the re-
newed heavy outward movement of gold. The
actual developments Of the day. accordingly.
not been eauaied since the Barring panic. in fact
In some particulars that gloomy event was over
came In the shape OF a panicky market In
American securities In London, with declines ex-
lower. The successive cables reported great ex-
element at that center and wholesale liquidation
OF the international stocks at rapidly receding
figures. Before the opening here IT was def
nlteiy stated by gold shipping houses that s2,4oo.-
600 of the $1,000. 900 that was expected to go out
tomorrow would be arranged for today. The
combined influence OF the developments noted
was reflected in Il wild opening in the local
stock and bond markets. Trading was very
heavy from the outset, and in the initial deal
st, Paul. After a momentary recovery of from
l to " per cent a fresh outpouring OF stocks
selling. reflected chiefly liquidation by scared
siaS loss and ari,cI pris Ssro 'r rumble q, right Iarrs and n5,r left:
and this. of course. accelerated the downward
Slight rallies occurred several times during the
forenoon, but the continued selling pressures swept
per cent in Lead preferred, Were made around noon.
Rubber preferred dropped TN per cent. Other
Gas. 10 per cent; Iouisville 4 Nashville and st.
Paul, 10y per cent; Rock Island. Kansas &
tom hon"S i Pi per- cent; Il Ru PSs 's Common Ms.'G ieps par a aent
General Electric. az per cent; New Jersey Cen
sashanna 5 : ' Western G prsfsrreG 3 81 S pSr c sns;
sugar and Manhattan. sA per cent; Tennessee
eSd' h Iea t sen@on cas- and Il Ld nsr f Erie ! k'E Western ssqTe
s per cent: Michigan Central, Northwestern. Mis-
cage Gas "t'' X I pSr e e%T.'n and De Ia 4 pfe S 6 HUDSON Gn,,
ana pullman : per cent. A great many de
noted, occurred in other stocks, incidental to the
failures of Nicholas, rockingham & Co, and De
NeufVille d Co., which were announced. Sales
u securities under the rule were made, The
volume or business was on a tremendous scale.
al; 4si shares, and in the first hour 24s. 1856 shares.
Trading in bonds was also on an almost CORE
up to Is per sent in wisconsin Central first trust
receipts, The unfayorable general considerations
sensational advances I'M the call money market.
The first figure quoted was 6 per cent. AMI by
Large sums sums We're v"s p' loaned siS at p'u and "P be " esf t isns;
figures. The sterling exchange market also ruled
I'd over yesterdays rates. while several leading
to tg% g. sS SSvanS Tewd pSS' { o .GnStRt, ,bs ,a fHT sight nres bills
abatsd and a sharp rally In prices occurred. fol
to 50 per cent. Il" highest fssure' Of the day. 4
Sssa IKE Z last R Sour. 'Se Causing sfl@n' rss61es l!esFn from na'i tRs
extreme low points, ranging up to II per cent in
L! Lead 8 q pref ssdii n ms n ins %S1s 9 Ssns shares ,Re s,s as
money again stiIshed TO so per cent, and closed
the improvements po,ed and contributed to an ir-
regular closing. The market left off unsettled at
Paul Pss ae'' 'The as ssreaataS sales 'H " sel per as ss rs shares n ss.
lls, 100 in Sugar and leo 500 In ST. Paul.
The railway and miscellaneous bond market
was in as demoralized a condition as the share
oyer on liquidating orders. The foreign selling
was very large. and the international issues sus-
tanned material losses. In this class. Kansas g.
a subsequent recovery of " per cent OF the loss.
Wisconsin Central LIST trust receipts fell away 10
per cent to 80 and d. closed at 50;
the rule for account Of one of the failed firms. In
sympathy with the stock market there was n
sharp rally In the late afternoon trading. the re-
coveries In prices reaching 6 per cent. Deal
900. or about three times the recent daily average.
Governments sagged sharply on sales Of $50. 600.
The Evening Posts London cable says: There
was a severe panic in the Stock exchange here
today. All American securities, shares and
bonds alike are practically unstable here. The
panic today was not based so much on politics
or a war scare as on a predicted financial crisis
in America. Five million more dollars in gold
are said to be engaged for shipment from New
York tomorrow. making $40. 900. 900 in all, but
this is not absolutely confirmed. 1t is. however,
only a question of time when more gold will
go. The decline in consols was not on investors
selling. but on bear selling. In Americans, on
the contrary. the rush of genuine holders to real
lie was enormous. the shock received by the
by its acceptance by the house of representa-
tives. being one of the severest ever expert
enced here. Other markets were fiat In sympathy
with the small business. It is rumored that
chIlds for shipment from America. The report
comes from a good quarter. Prices closed a
fraction above the worst. At Paris the bourse
was fiat out of sympathy and for the reasons
weak. but were the steadlest of the European
markets.
The following were the closing quotations on |
the leading stocks OF the New York exchange