The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-12-30
MONEY. STOCKS AND GRAIN
Decline in Sterling Exchange Puts a
Quietus on GOld .Shipment Talk.
New York Spectators Bullish. and the List Adj
yancss-At indianapolis Provisions Are
Strong, but Cereals Are Neglected.
THE BOND MARKET.

Railway Issues Show New A~crivity-Sales
SI,444,OOO.
At New York, yesterday. money on call
was easy at4 to 6 per cent, the last loan
being made at 4, closing offered at4
Prime mercantile paper. 506 per cent
Sterling exchange was steady. with
actual business at e4.s5A for sixty
day bankers bills, and s4.s7A for demand.
The total sales of stocks were $4,000
sbares. including the following: Atchison.
6.700; burlington. 1900; Chicago Gas. g.
coo; Lackswanna. 1000; Delaware Il Hud-
son, 5000; Distilling, 24,20O; Louisville a.
Nashville. 5. 200; Manhattan, %. 600; National
Lead, $500; New England. l2.4OO; Northern
Pac.dc. preferred, 5000: Reading. $1,000;
Rock Island, 1890; ST. Paul, 1890; Sugar,
1880; Union Pacific. 4.2O0; Western Union.
b,700.
The temper of speculation ut the Stock
Exchange to-day was decidedly bullish
from start tO finish. Prices advanced right
through the list. and IN many instances
the Improvement was quite pronounced.
The bears attempted TO check the upward
movement by attacking Northern Pacific
preferred, but, as the firms that have been
carrying large amounts of that stock
1lIuiudbcu JCotCA0nJ tnoJ % y I'M
preston on the price. The lowest quota
ton touched was AS, and a rapid advance
of two points ensued. The failure OF Way
land, Trask x Co. had nc effect. because it
was thoroughly understood that the firm
had no outstanding contracts on the
Exchange. The Improvement IN the
stock was stimulated by state
meuts made by director Q. Is.
Wright TO the effect that the company was
provided with the money needed to pay
the lQuuarv Infqreat and was otherwise IN
good shape. The coal stocks were pr0mi-
nent, advancing l TO 3la points. The stories
that the Reading Is to issue Si0.OOO.O 600 new
bonds was denied, and, at the same time,
it was given out that the annual state
ments of the Delaware. LackawaDna q
Western and Delaware Il Hudson would
show earnings largely IN excess of
the dividends paid. Among the indus
trials Disabling and Cattle-feeding and
Chicago Gas were taken freely and adj
vanced la az per cent. The ease In money
and the quIetus put on the talk about gold
shipments by the decline In sterling ex-
change had a beneficial effect.
The banks and trust companies are dis
posed To lend more freely because the
movement of currency from the West to-
wards tins center is steadily increasing
The market closed strong and on the ad-
vance.
The rail market was firm. Sales
to 81 .444,000 against 81 1896, 000
yesterday. Reading bonds were higher.
making q gain for the day of q TO a per
cent. Detroit. Bay City d Aipena firsts
brought IS. the last previously reported
sale. about ten days ago. having been at 62.
Atchison issues ruled a fraction higher.
Chicago. ST. Louis IL New Orleans gold
fives rose 1. TO JIG; Fort Worth firsts l., ia
97Is; Northern Pacific consol ives Ia. to IS
Ohio Southern tours liz. to Ga. and oregon
Short Line and Utah Northern collateral
trust fives /. to 7sls. Alton IL Terre Haute
firsts declined y, to lO6; Green Bay in.
comes trust receipts Ia. TO 37A; Rich
mond Terminal SKIES 3l9. to 71l5, and San
Antonio & ran sas Pass skies of 1885. TO 60
Governments bonds were strong. State
bonds were strong and neglected. CLOSING
nuOtatiOns were: