The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-03-28
DEPRESSED BY SALES
LIQUIDATION IN STOCKS CAUSED A
LOWER RANGE OF PRICES.
Coal shares Adversely Affected by
Certain Rumors-LocaI aIarkcts
show New Activity.

AT New York yesterday money on call was
easy at 2g24 per cent; last loan, 2; closed,
per cent.
Prime mercantile paper 4a5ls per cent
Sterling exchange was firm, with actual
business in bankers bills at siS9AG .S91s
for demand. and at s4.SS04.sSl4 for sixty
days: posted rates. sisShd4.S9 and $4,000
4.90l2; commercial bills s4.s714a4S71s
Silver certificates, 64la9t645sc; bar silver,
64c; Mexican dollars 50a4c; at London bar
silver closed at 29i4d per ounce.
The total sales of stocks We're 24s 500
shares, including: American Sugar, IS 100;
Atchison 400: Burlington, 4,400; Delaware
& Hudson, 1000; Distilling, $500; General
Electric, 9,400; Louisville & Nashville, $500;
Missouri Pacific. 81, 400; New Jersey Central.
10000; Northwest 500; Reading 1850;
Rock Island. 400; ST. Paul, 1850; Southern
Railroad M,so9; Wheeling q Lake Erie,
$780,
There was liquidation of long accounts
OH tho Stock Exchange yesterday and some
selling for the short account, with the re-
suit that lower range of values was es-
tab]shed on the days transactions, rang
ing from n TO per cent. At the opening
the market was moderately active, and as
rule the first prices made were below the
closing prices of Tuesday. exceptions being
Delaware & Lackawanna, which was up IA
per cent. and New England and Susque-
hanna Western, which were q higher.
A sharp selling movement set in, under the
influence of which the coal shares broke
3ia per cent; Delaware & Lackawanna,
"a; Reading. i5s, and Delaware & Hudson
(Which had advanced / per cent?, ~ The
pressure on the stocks was due to re-
port that there was some hitch in the ne
EotiatfoflS between the coal-carrying COM
panies, and that the meeting to-day would
fell Of lsQ1. the latter Hooking Valley
alld a i pittsbgrg c. ,, s. l. pTeferr ed
market, whose purchases infused tempo
rary strength into the speculation, eand
place. The latter in Reading, while Distill-
Ing. trust receipts and Canada Pacific rose
each l per cent. Prices were fairly well
held up toll o'clock, and during the hour
following the market was irregular on mar
row fluctuations. In the last hour. how
ever. an active selling movement was in
progress, and under the leadership of Gen>
eral Electric, New Jersey Central, Della
ware & Hudson. Wheeling 4 Lake Erie
preferred and Reading reaction of 1s@1A
took place, the market closing weak and
near the lowest figures of the day: Com
the more important losses are: New Jer-
sey Central per re cent H. Wheeling 8 Lake ak
Southern preferred, Us; Delaware & Hud-
son. Missouri Pacific and r, g, G. 4 ST.
Nashville. g, and the grangers, A@A per
cent. Some few shares recorded fractional
advances on the uay. ana Canadian racine
made a gain of ] per cent. The chief cause
OF the depression in the general list was
the unfavorable rumors regardin; the con-
ference of the coal-carrying roads.
There was less activity in the bond specu-
lation and lower quotations were registered
for the speculative issues. The Reading Sc
curities were most active. and the move
ment therein was irregular. The aggre-
gate sales of these bonds were SAG. 900 out
OF total for the day of s1511. 600. Quite
number of the inactive mortgages made
substantial gains, including Louisville e.
Nashville flrsts Nashville, Florida & Shelf
field flrsts, per cent: Nashville, Florida
a Sheffield est. Louis division) seconds, i;
Peoria Decatur & Evansville seconds, 2;
ST. Louis. Vandalia & Terre Haute seconds
guaranteed, /. misunderstanding first in
comes and Northern Pacific and Montana
firsts ! per cent. New Jersey Central first
convertibies OF 1902 sold at ia, against ~
on Jan "a.
Government bonds were steady. State
bonds were dull and unchanged.
The Following table, prepared by James +.
berry. Room l6. Board of Trade. shows the
range of quotations.:
Open High Low Clos