The daily morning journal and courier., 1895-12-21
E1naucyaL,
Most Unusual Excitement Attended the
 dealings on the Exchanges.

Most Unusual excitement Attended the
 dealings on the Exchanges.
 New York, Dec. 20.-The dealings at the New York exchange to-day were attended with unusual excitement and prices broke badly. The Venezuelan question loomed into greater promi- nence, and the news relative to the proceedings at Washington was scan ned with more concern. Before the opening of the local stock market it was known here that prices for Ameri- cans in London had broken anywhere from one to four per cent. The result was a great rush to sell stocks the minute the board opened for business and the movement continued well into the afternoon. London, which has been selling our securities ever since Presi- dent Cleveland's message on Vene- 2uelan boundary matters was sent ito congress turned up again a the start with liquidating orders and it is es- timated,, sold about fifty thousand shares of various American stocks Local operators, who nave become weakened financially by the recent break in the industrials, were forced to sell and this added to the depres- sion.
 No discrimination was used, the gilt edged issues as well as the rattle traps all being lthrOWn on the market ap- parently regardless of price Rumors of heavy withdrawals of gold for ex- port to Europe next week also had a demoralizing influence. Some of the estimates were that ten millions would be forwarded but at the end of the day no one could be found to confirm this or anything like it. Again money, which has been ruling at 2 per cent and under to stock exchange borrowers, suddenly rose to 80 per cent and a number of banks began to call in loans This helped swell the amount of offer ings of long stock and three stock ex- change firms were forced to the wall. The firms in question, Sands & Co.,, Nichols, Buckingham &5 Co. and De Neufville & Co.,, i'll announcing their suspension, stated their insolvency was due to the failure of their customers to respond to calls for margins. At the Consolidated exchange there were two small failures. The out-pouring of stock andthe total lack of support from any quarter led to a break of from to 1515.
 National Lead preferred declined 151a to 73, Consolidated Gas F to 139. Della ware and Hudson ' to 11S, National Lead common 8 to 20, Pacific Mail 61s to 221a, Pullman to 150, Omaha to 31, Southern Railway preferred GA to 2215 Tennessee Coal '. to g, Manhattan Sa4 to 95, Jersey Central to 97, New York Central 6ia to 91&,. Susquehanna pre- ferred 9 to 1878, Canada Southern to l4l2, Michigan Central z3t to g., Illinois Steel i to 59 Louisville and Nashville l01i to g, La Clede Gas S1s to 1415. Lake Erie and Western preferred to 8, Lake Shore s to 142, General Electric ]4 to 20, Denver preferred 615 to 391a. Lackawanna } to 1882, Colorado Fuel 7% to 201a, St. Paul 10 to 62%, .Burling- .on and Quincy 62s to II, Northwestern "A to 94, Chicago Gas 7af to 61as, Kan sas and Texas preferred 9ts to 1S5l, and Missouri Pacific 814 to 19ta.
 The Canadian banks were among the irst to call in their loans, and in an iwcr to inquiries some of the foreign capitalists said that they were com 1eiled to use. the money to purchase ex- -hange. Borrowers were compelled 10 seek elsewhere. and near the colse the Central Trust company came into the market and offered $5.0OO,00O, which