The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-04-25
SETBACK FOR BULLS
sT0Ck BOOMERS RECEIVED 4
HEAVY BODY BLOw YESTERDAY.
Nearly All the Prominent Shares i'm
the Last Few Weeks Sufered-Lo-
cnl Markets Doing Better.

At New York. yesterday. money on call
Was easy at IN02 per cent; last loan, 1a;
closed at ls per cent.
Prime mercantile paper. $780, per cent.
Sterling exchange was firm with actual
business in bankers bills at s4S9asG4.S91s
for demand and az s~4.Ssasn4.S81a for sixty
days; posted rates, $4.S9@4S9h and $4,000
4.901s; commercial bills, A.s7lAMiS7A.
Silver certificates, 67sG6Sc: bar silver,
663sc; Mexican dollars. 53c.
Total sales of stocks were 2SS. $50 shares.
yesterday, including: American Cotton Oil,
3.400; American Sugar, p. 700; American To-
bacco, $500; Atchison, $500; Burlington, 49,
800; Chesapeake & Ohio, $500; Chicago Gas.
1880; c., C., c.. & st. L.. 500; Delaware
& Hudson, 1890; General Electric, 1900;
Kansas g. Texas preferred, 1900; Long
Island Traction Company, 1900; Louisville
& Nashville, 5000; New Jersey Central.
500; Northwest, 9 $500; Reading. 1920; Rock
Island. $500; st. Louis & Southwestern, s.
400; st. Louis & Southwestern preferred,
300; St. Paul. 10. 700; Southern, 300; south
ern preferred, $500; Wabash preferred,
$500; Western Union, $500.
The bull movement on the Stock Exchange,
which has been in force for some weeks
past, has occasionally shown a reactionary
tendency, but has not met with a serious
setback before yesterday. 1t must not be
understood, however, that the entire market
has given way, or that the bottom has
fallen out of the market, but nevertheless,
1t is a fact that the result of yesterdays
trading is a depreciation in values of the
active shares with very few exceptions, and
the heaviest sufferers are such speculatives
as the coal stocks and the grangers among
Cordage among the industrials. There was
a special reanon for the depression in the
cision of the presidents of the anthracite
coal roads. made yesterday, to absolutely
refuse the demands of the Reading COM
pany and to suspend negotiations looking to
an amicable settlement of the percentage
question. The movement in the coal stocks
has. since the beginning of what is known
as the presidents conference, been largely
dependent on the favorable or unfavorable
report OF the progress OF the conference.
naturally caused iquioations. TIL decline
in the granger stocks was largely sympa-
affecting these properties and the selling is
believed to have been mainly for the pur-
aaisa IN order il most Of the nther stnckss
which have been in line will the advanc-
ing column. Not that the selling was all for
taxing advantage Of the situation, put out
some lines during the late afternoon and
materially helped the downward movement.
There was no evidence of weakness at the
opening of business, the market being active
and strong, but the dealings gradually as
suIned a heavy tone and rallies and reac-
lions followed each other in succession
throughout the day. the declining tendency
OCiIiS " MA III liz iiidl cdiiHS
and the market closing decidedly heavy.
Chief among the losses We're Delaware &
L~ackawanna, 5 per cent: Delaware & Hud-
son. 2h; New Jersey Central. 2; Reading,
rs; the grangers, A@B; Baltimore g. Ohio,
49, Cordage preferred. IA. and Chicago
Gas and Manhattan, l per cent. In the COLI
umn of advances are Southern, rs; South
ern preferred. 1: Alton & Terre Haute and
Starch. ~; Baltimore & Ohio Southwestern
preferred and Tobacco preferred, :, and
New York Central. 2ts per cent.
The dealings in bonds yesterday were
again of large dimensions. with some
irregulariW in the speculative issues. The
closing sales, however, were. in the main,
above Tuesdays final transactions. aThe ag-
gregate sales We're $2.97s. 600, of which s442.-
900 were of Reading issues. $500 0 Atchison
issues and 1921. 600 Northern Pacific consols.
The gains on the day are as follows. Keo-
krik & Des Moines firsts, = per cent; Cleve-
land. Lorraine & Wheeling firsts, 1A; Chi
cago & Eastern Illinois consols. 2; Chesa-
peake e Ohio fves and International &
Great Northern thirds, 1ia; International &
Great Northern seconds, Lehigh Valley, of
New York, firsts, Reading tours. st. Louis
W fysts, Wabash seconds and
Southern California and Georgia f1rsts, |
per cent. The only material losses were l
per cent. each in Northern Pacific consoI
fves and Colorado Midland firsts.
Government bonds were firm. State bonds
were duh.
The following table. prepared by James E.
Berry, Room Is. Board OF Trade. shows the
N.r4 ~ Orrnttn0s