The Indianapolis journal., 1895-10-30
FOUR ACTIVE STOCKS
COMPRISE THE BULK OF DEALINGS
on NEW YORK EXCHANGE.
Reading Leads I'm Activity, with To-
bacco Trust Ncxt-LocaI Markets
Active and Firm.

AT new 1Ork. yesterday money On Cali
was easy at 2as per cent; last loan. IA;
closed, 2is.
Prime mercantile paper. 1854 per cent
Sterling exchange was firm, with actual
business In bankers bills at a. 4sS1zq4. sSss
for demand and sfs71saLs7sl for sixty days;
posted rates. Ass1za4.s9 and $i.s9q4ss1s;
commercial bills. s4Ssss. Silver certificates.
eSls9sS1zc: bar silver. 677sc: Mexican dollars,
5ic. AT London, bar silver was up to aSsd
per ounce.
Total sales OF stocks were 2S5.925 shares.
including the following: American Tobacco.
$500; American Sugar. $500; Atchison.
400; Burlington, $500; Chicago Gas, 1890;
Distillers. 7.6D; General Electric, 400; Kan
sas & Texas preferred. $500; Louisville &
Nashville. $500; Missouri Pacific, 400;
Pacific Mail, 400; Reading, 6s.400;
Rock Island. 800; st. Paul, 15,40o; Tennes-
see Coal and Iron. 300; United States
Leather preferred. 1890; Wheeling Lake
Erie, 500.
Four stocks comprised the bulk of the
dealings on Change yesterday. In the rail-
road list Reading was the feature and the
stock and bonds sustained material de-
cIiaes. Heavy selling OF the stock during
the past two days Is now credited to Eu-
rope. The decline was attended by a variety
of rumors in connection with the proposed
reorganization of the property. The reports
were conflicting and indefinite. They in
volved theories Of change of personnel in
the reorganizers and OF more severe treat
ment of the junior securities than has hith-
erto been figured on. especially of late, con-
sidering the Improvement that has taken
place in the anthracite industry. 1t had
been held that the higher prices and freight
rates for coal that have haan eetahlfsho1
in the past few weeks would temper the as
sessments upon the stock and preference in
come bonds of the Reading in the reor-
ganization- There was. in addition TO the
foreign selling, considerable liquidation for
domestic account and the bears improved
the situation fully. The stock led the entire
market in point OF activity and declined 3A
per cent to 145s, closing at the lowest point
OF the day. The other most prominent
Tobacco. " Chicago G. Gas and % ST. Paul. The
arguments which have now become IA
miliar topic were reiterated against the two
first mentioned and Chicago Gas was ham,
mered on vague rumors OF an impending
legal attack on the consolidated plan. Trad
ing was moderate at the opening, with
prices irregular. A bear attack was soon be-
gun on the industrials, with especial pres
sure against Tobacco. That stock yielded
an an excsptional yss per cent, to 81 Ihe gen
Covering by shorts induced a rally after IL
O'Clock, extending to ia per cent. in To-
baeco, in the face of an advance in posted
rates Of exchange by some prominent draw
ers, to A.SS1z and S4.S9iz. and higher rates
for actual business. Near noon another re-
dictionary movement set in, causing the loss
of most OF the raise Toward 1 o'clock
prices again stiffened, with Sugar. Tobacco,
Chicago Gas, Leather preferred and Pacific
Nail most conspicuous. In the final hour the
market appeared to be practically without
support, prices generally breaking severely.
In the usually inactive stocks some note
worthy fluctuations were recorded. Erie
Telegraph broke to 50. as against 671z the
rallied TO 81 bid, then fell 10 571a and So sell
ers- The closing figure was 56 bid. A direc-
tor of the company. in an interview, at
tributed the movement to bear manipula-
tion and stated that the regular quarterly
dividend would be declared this week and
that the report then presented would be
favorable. Pittsburg, c., c.. & st. L. pre-
p1st preferred jumped AZ. to 49lk. The mar
ket closed active and weak. and at the
lowest figure OF the day with material net
losses general
Bond prices were erratic in the early trad
ing. In the late session. however. the trend
of prices were generally downward. The
speculative mortgages gave way sharply,
ness of these securities was attributed to
rumors of more radical treatment OF the
junior securities under the reorganization
plan than had been anticipated. The reports
could not be traced to any respoSible au-
thority. The aggregate sales were 81. .o00
Government bonds were practically neg
lected. the sales being only $1,000.
The following table, prepared by James e.
Berry. Room 16. Board of Trade. shows the
OF QtIOtatiOus-