The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-01-04
"BISAR" FEELING PREVAILS.
1t Is Thought Here that There IL



Big Deal On I'm Citizens Stock.
The impression seems to prevail here that
there has been some inside dealings in the
stock of the Citizens Street-railroad Com
nany that are responsible for this Phila-
delphia failure. That the rumor of the sale
of the company to r. 7. Mcdonald. which
was started last Saturday. was denied SO
alphabetically by H. Sellers Mckee. is given
as an indication that he and Murray YER
ner, the principal owners of the stock, have
been bearing" it, while there has been an
other force at work to keep it up The re-
port of the sale was denied by the local
officers Of the company. as we'll as by the
is owned by Mr.. Mcdonald, although they
all seemed to feel that something, they
knew not what, was working in a manner
TO seriously affect the standing of the
stock. Confirming this belief is the report
of transactions in the stock for some months
past. The stock reached, last year, as high
as 50, and touched ~ in its downward trav-
els 1t opened last January at SO and closed,
Dec 81 at 81. The work Of the last few
days. however, has had a most depressing
effect upon it, and yesterday it was quoted
in New York at 241a to Is, making fall Of
more than 10 points in three days. 1t was
George j. Marott buying some at that fig
ure This great fall in the price, considered
with the rumors of sale and their prompt
denial, while the rumors themselves cannot
be traced to any reliable source, has in
creased the feeling here that the stock is
being purposely pulled down, and that the
rumors were set afoat by interested per-
sons. The fact that President Light, of the
Broad Ripple company, and Leon Bailey,
r. T. McDonald's attorney, have been with
him in Fort Wayne for several days, and
that it is during this time that the stock or
the Citizens company has dropped so heavi-
ly. adds another weight to the bear senti-
ment.
President Mason yesterday said the fail
ure of the Philadelphia company would
have no effect on the street-car company,
for there is no connection with it. The
trust company had acted as agent of the
street-car company, but 1t now has only
about 81. 100 OF the company's money on de-
posit. This money was to pay interest on
coupons that have not been presented.
paid at the Indiana National Bank Mr..
Mason said he could not see any way in
which the failure could affect his company.
R. w. Clay holds some stock. but he did
Mr.. Mason denied that there is any reason
to believe that any one is trying to bear
the stock for the purpose of obtaining a
controlling interest at low figure.
Murray Werner has been in the city for
several days. but has carefully avoided
newspaper men, Last night ne was at the
closeted in his room for a long time. An
attempt was made to see him, but the re-
porters card was returned with the
the citv is a matter of some surprise, as he
usually remains here not more than two
DAYS and a night
The Trust Company's Finances.
Last July. according to the Bankers Di-
rectory. the Solicitors Loan and Trust
Company had paid-up capital OF 500. 600;
surplus $275 900; undivided profits. $4,000:
deposits, subject to check, $4,000. This
company acted as financial agent when tie
sale of the street-car company was made
by the Chicago people. 1t furnished the
money, and in some way secured an inter-
est in certain funds or bonds that were to
grams indicate that the trust company. or
some of its officers, has been trying to
counterfeit the supposed attempt to bear
the stock.