The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-08-15
STOCKS DEPRESSED
COALERs HAMMERED. JERSEY CEN
TRIAL SUFFERING THE MOST.
Quotations Unsettled--Little
a. Change in Local Markets.

At New York, yesterday. money on call
was easy at per cent; last loan. 1; clos
ing, per cent
, Prime mercantile paper, 3i.G4s. per cent.
Sterling exchange was cteady. with
tual business in bankers bills 1T Hs0i2Q
1904 for demand and at s4.sstsGLSsas for
sixty days; posted rates, <i.91di.9l' COM
mercial bills. slSSs4.
silver certificates, o7a677sc; bar silver.
6Szxc: Mexican dollars. 5SAc.
Total sales Of stocks were 1919 shares,
including the following: American Sugar.
1l.500; American Tobacco. 1900; Burling-
ton. 1880: Chicago Gas. 1000; Distillers.
1880: Missouri Pacific. 400; Reading, H.
600; Rock Island. 10000; ST. Paul, 10000;
Southern Railway preferred, 3.1oo: Western
Union, 400.
The share speculation opened dull and
devoid OF feature, and during the first
hour OF business the market unsettled.
apparently awaiting a lead This came
quickly in the shape OF heavy gold engage
ments for shipment to Europe to-day, and
the bear traders, taking the cue. began
a raid on values. which started prices on
the downward turn. Assistance was given
to the operators for the decline by reports
OF prospective frosts In the corn belt and
also by statement that no meeting of the
presidents. Of the anthracite coal roads
would be held this month. which negatived
difficulties of the coal trade had about
been reached. President Maxwell. CT the
New Jersey Central, has gone away on a
months vacation, which would seem to
confirm the announcement that no coal
meeting would be held this month. The
stocks of the coal roads were accordingly
depressed, and, most OF all. Jersey Gen.
trail The reactionary tendency Of the
speculation continued IN force until about
half hour before midday, at which time
American Tobacco had lost ~ per cent.
Distilling and Delaware & Lackawanna
ia: New Jersey Central. 1ss; Leather pre-
ferred, Is; Manhattan, 1. and the general
gains we're made. mainly by reason of a
moderate covering movement the shorts
being seemingly indisposed to press their
advantage. but rather inclined to limit
their liabilities During the afternoon the
trading was Irregular on extremely narrow
insss ana the volume ,,s Of the bus
ranged within fractional limits. except for
Tobacco, which recovered q, sold down rs.
and rallied y per cent. In the final deal
ings the tone OF speculation was distinctly
heavy. and the market closed weak and
generally zsqlS lower on the day. The
losses above fraction are: Tobacco, az :
Delaware & Lackawanna, IL: New JERSEY
Central, is, and Lead preferred / per cent
The graneers are down Aqss per cent, the
market on both sides OF the account, but
Its transactions were on a small scale
The net result OF the days operations in
bonds reveals lower figures generally for
the speculative issues. Among the less an
mated mortgages marked approximations
were made, including 3% per cent In Ore
three-and-one-halfs, l per cent, and / in
Western Pacific firsts. Chicago. st. LOIS &
New Orleans fives and Northwest sinkins,
fund debenture lives. Chicago. ST. Louis a.
New Orleans consols reacted Ia per cent
Louisville & Nashville. Pensacola divi-
sion, skies, Ia. and Kansas & Texas sec
i no
Government bonds were firm. State bonds
were dull.
The following table. prepared by James E.
Berry, Room 10, Board of Trade. shows the
range OF quotations.: