The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-09-20
SHARES HEAVILY RAIDED
NEARLY ALI SECURITIES DOWN ONE
TO TWO POINTS.
Tennessee Coal Leads with Nearly
ditions Excite Much Uneasiness.

At New York yesterday money on call was
hrrner at tHa2il per cent: last loan. ia per
cent
Prime mercantile paper. 4a4lsa5 per cent.
Sterling exchange easier. with actual busi-
ness in bankers bills at s4.s7d4-s7iE for demand
and $4s3404ss% for sixty days: posted rates.
us4g4 s41z and Sass; commercial bills. sis21s@
asa.
silver certificates were s2A9ssEc: bar silver.
ezssc; Mexican dollars. 4s54c. Silver bars sold
at IS 13-16d an ounce in London.
Quite severe inroads made on prices be-
fore trading had stopped on the Stock Exchange
yesterday. and average leve! was established
considerably lower than the low point touched
Monday morning before the rally commenced.
The difficulty OF continuing the advance, which
was felt Tuesday and was emphasized yesterday
morning prompted the traders to take their prof
its. and the days advance was efrectually
wiped out After the speculative holdings which
had been bought on Monday were dislodged the
market came a pause and rallied slightly but
Il was attacked again in the last hour, and sold
vigorously by the bears, making the closing easy
ssnd near the low level of the day AS re-
suit long list OF prominent railroad and miscel-
lsneous stocks show net losses ranging from one
to two points Tennessee Coal the
conspicuous for weakness, and fell over four
points on large selling closing with net loss
OF 3z- The weakness the more conspicuous.
as other stocks in the steel group were relative
" steady up to late hour. The local fractions
were conspcuously weak group. The prop
osition require the Brooklyn Rapid Transit
Company TO put its wires under ground was in
ferpreted expression of general munich
pal policy towards these corporations. Tobacco
suffered to the extent OF 21z Peoples Gas was
relatively firm, but yielded to the late selling
movement. The days weakness in stocks must
be explained by general disQuiet over the anthra-
cite miners strike and the money market out
look. The announcement of advances in the
prices OF coal unfavorabe factor In the
market The money market continued firm in
tone, and call loans commanded per cent. at
the maximum. Although there a slight re-
action in sterling exchange. IL Is thought proba-
BILE that further gold will 90 out, and there were
rumors of multiplying foreign loans to be placed
I'm New York. which found confirmation. Dis
count rates continue to harden abroad. and the
speculative world recalls last years ex-
perience. when the foreign needs drew gold in
the very crisis OF the money stringency, precpi-
tating the December panic Money continues to
move to the interior in large volume. both by
Geographic transfers through the subtreasury
and by express and registered mail. The sub
treasury has paid further drafts on gold deposit
ed on the Pacific coast.
Bonds which active In the market were
weak. but others held firm. Total sales a par
value 81 065, 900. United States refunding
twos, when issued. and the fves declined u in
the bid price.
Following are the days share sales and the
Al