The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-01-30
DECLINES ON THE DAY
MOST SHARES ON 'CHANGE SUFFER
by REASON OF THE GOLD SCARE.
Mounting Upward-Local Markets
Quiet and Weaker.

At New York yesterday money on call
was moderately active at 2G21k per cent !;
last loan, 2; closed, per cent.
Prime mercantile paper, sac per cent.
Sterling exchange was slightly easier with
actual business in bankers bills at $4.891ldD
4sess for demand and 81 .ssss for sixty
days; posted rates, $4.s7lG4.8i1z.
Silver certificates. 593tc bid no sales. Bar
silver. 59zsc; Mexican dollars 4S1ac AT Lon
don bar silver, 27ssd per ounce.
Total stock sales were 212,676 shares. in
Guiding the following: Atchiscn 3,40o; Amer
lean Sugar, q. 100; Burlington. $500; Chicago
Gas, 10000; Distilling. IL, 100: General Elec-
tries, 1880; Louisville 4, Nashville, 10000;
Missouri Pacific, 800; National Lead, 300;
New Jersey Central, 4,5OO; Northwest, $500;
Reading, 400; Rock Island. 5000, st. Paul,
21,500: Wabash preferred, $500; Western
Union H. 800.
There was a very general belief in Wall
street, yesterday, that the government is
preparing for the issue of a new per cent.
loan and that treasury circular giving the
terms of the loan, is liable to be issued at
any moment. Washington dispatches denied
that such determination had been reached
by the President, but apparently without
any effect on current opinion which held
to it that another bond issue is impending
The chief influence of this belief was on
the money market rather than on the Stock
Exchange and was reflected in hardening
of loans and Withdrawals of mucn OF the
0merngs whcn naTe Of the share spec
ulation were the prospective goiu EXPORTS
the withdrawals of gold from the suptreas.
ury, the heavy London market for American
securities. selling here for the foreign ac-
count and the raising of the issue or silver
sd gold nt n the and in eees
of finance not alone in this country, but be-
yond the sea. At the opening or business
on the Stock Exchange free selling move
mept was inaugurated which caused sharp
decline. the depression continuing up to
midday, at which time losses had been made
ranging from u to Az per cent, the latter
in Canadian Pacific. A dispatch from Lon
don st ating that the establishment of an op-.
the Canadian Pacific and to have govern
ment aid was being negotiated caused the
break Other heavy declines We're Louisville Ill,
preferred, 80; Lake Shore and Rubber. ~ ;
Rock Island, 11a; Distling, 1ss, the latter
breaking on a report that receivers were to
be appointed for the company. After mid
day the pressure to sell was in great meas
ure removed and partial recovery took
heavy declines, notably Louisville & New
Albany preferred, "a; st: Paul preferred,
the market was generally strong in tone and
prices continue to move up to the close. An
exception was Pullman; which broke 2sl per
shares dealt in show declines on the day
including Canadian Pacific, AZ; Cotton Oil
preferred. 31a; Cotton Oil common, rs; Long
Island, 3; Pullman, "a; Norfolk & Western
preferred, 3; Louisville e. New Albany, 1T:
Louisville & Nashville and Lake Shore, 1s4 ;
Rubber and Nickel-plate seconds preferred
w; Distilling and St. Paul preferred, 1 per
cent. Speculation closed strong.
The bond market was weak and active dur
ing the day. There were some material
changes recorded. Kansas Pacific consols
gave way to 20, but recovered to 711b The
aggregate sales were $1,3S9, 500
Government bonds were steady. State
bonds were dull
The following table, prepared by James
T.. Berry, Room 16, Board of Trade, shows
the range of quota lions: