The daily morning journal and courier., 1895-12-21
WALL STREETS EXCITEMENT
4 WILD TIME ON THE NEW FORK
 STOCK EXCHANGE.

Five Failures Announced-drain Markets Also SIumped Badly.
 New York, Dec 2O,--Wall street had bad day to-day and the excitement was intense. A panicky feeling was deVel- oped at the start, with enormous sell ing orders in the market and no sup port. Prices of stock melted away rap idly. The whole list was affected, Five firms failed, three of them being stock exchange concerns of high stand ing and the other two houses with Con- soIidated exchange representatives,
 The proposed special meeting of the chamber of commerce has been aban- doned.
 The clearing house banks have not yet decided to take united action to check the course of the market, not re- sarding the, situation as serious enough yet to warrant it.
 Rates for short time money advanced from 3 per cent. to so per cent. in the excitement.
 Three million five hundred thousand dollars of gold has been withdrawn for shipment to Europe. Foreign exchange rates remain firm.
 A conservative estimate of the shrink age of values in listed securities since Monday places the amount at $500 OOO- 0O0
 The Venezuela trouble and the resent ful attitude of English investors is as- cribed as the cause of the financial dis turbance.
 About 75O000 shares were sold in the stock exchange before the close of busi- ness, making the transactions the larg- est in years.
 The resentment of English financiers as expressed by their steady sales of American securities since the presidents Venezuelan message was published on Tuesday finally showed its effect upon American operators and security-hold- CTS, and this morning they prepared for the most unfortunate developments that might result.
 They threw over their stocks and bonds upon the market in such quant- ties and with such little regard for prices obtained that unfortunate after unfortunate was forced to announce that he was ruined.
 FIVE FAILURES ANNOUNCED.
 Up till o'clock three failures were announced on the stock exchange and two on the Consolidated The failures on the stock exchange were of houses of importance. They were Nicholas Buckingham & Co.,, s. $. Sands X Co. and August de Neufville. The failures on the Consolidated exchange were by B. Fenton and l.. A. Feldman. Mr. Fenton had been large operator.
 The first failure announced was that of Nicholas. Buckingham & Go. This firm has offices in the Edison building.
 $5OO, 100000 sHRINKAGE.
 To even approximate closely the de- crease in the value of American securi- ties which has taken place since the Venezuela message was sent to congress would be the work of many days. To- days panic has struck off hundreds Of millions of dollars from their value. As an indication of what to-day has meant to investors the decline in the price of the twenty stocks in which London has always invested and dealt may be talk en, The following table shows the change in prices of these securities since Monday night and the total capital of the companies:
 A.. T. and s. F.-Monday price, 16a; price. 111b; securities affected, $100,0OO,- GOO.
 B. and O.-Monday price, AS; price, 42; securities affected $25, 100000.
 Chesapeake and Ohio-Monday price, 171h: price. 1873; securities affected, $60,- 5O0,0OO.
 e., M. and St. P.--Monday price, 7514; price, 6234; securities affected, $46,000,- GOO.
 Denver and Rio Grands preferred Monday price, 49; price 39; securities af- fected $23, 500, 00O
 Illinois Central-Monday price, 97& securities affected, $5O,OO0,0O0.
 Louisville and Nashvilie-MOnday price, 53; price, 39; securities affected, $52,S00,000.
 Mo. K. and T-Monday price, 135s price 9; securities affected, S47,000,000.
 Mo-, K. and T. preferred-Monday price, 32: price, 1874; securities affected, S1S,OOOOOO.
 New York Central-Monday price, 100s4; price, 93; securities affected S1O0,- 100000.
 Southern Railway preferred V. ct,- Monday price, 331s; price, 2312; securi- ties affected, $54,3OO,OOO.
 Union Pacific-Monday price, 71s; price, 51a; securities affected, S60,S0O,- GOO.
 Canada southern-jMonday price 55; price, 45; securities affected, $15,OOO,- 0O0
 N. Y. L. E. and W.-Monday price, 121s; price, 97s; securities affected, $7S,- 0OO,0OO.
 N. Y. o. and W-Monday price, 15% :; price, F; securities affected, $5S,OOO,- 900.
 Northern Pacific preferred-Monday price. 1514; price, F; securities affected, S35, ,OOO 0OO
 Philadelphia and Reading-Monday price, 9; price, 65s; securities affected s41 100000.
 Southern Railway Y. ct.-Monday price 10; price, 715; securities affected, S119,9OG coo
 Wabash-Monday price, 77s; price g.; securities affected 2S,OOOOO0.
 Wabash referred-Monday price 1S7s: price, 13; securities affected, SEA-