The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-11-26
ACTIVE SPECULATION
Stock Exchange Closes with
Sugar the Only Weak Share.
Purchasing Movement Heavy and
Steady All Week-IndianapOlis
Cereals Show Few Changes.

Sterling exchange dull and nominal.
Bankers bills. $I.S5lz0LS5A for demand. and
A-SS14q4.SS1z for sixty days. Posted rates,
A-&44S6l.. Commercial bills. $i.S1AG4.S2.
Silver certificates offered at 7OIc. Bar sill
yer closed at 69Ac per ounce; at London,
$3.50.
The New York weekly bank statement
shows the following changes:
Reserve. increase. S5,sG4.TO
Loans, Ecrease............ ......... 3,4S8.91
Srecie, Increase. IU69 SEQ
Legal tenders. increase.-.-......... $3.50, 500
DtIoSttS. Neutrality-suspicious.. 1867 800
CIRCULATION, decrease 244, 700
The banks now hold $40, s5.I76 in excess
o. the requirements of the p per cent. rule.
The total sales of stocks on Change Sat
urday were 170, 200 shares.
There was quite an active speculation on
the New York Stock Exchange during the
two hours of business Saturday. In the
early dealings a very firm tone prevailed.
Sugar was about the only weak share on
the list. The buying was mainly local. for
London was out of the market, prices being
on a parity in the arbitrage specialties. The
purchasing movement was quite steady. and
under its influence the active list moved up
14G3ls per cent. About IL o'clock the mar
ket became heavy. largely on realizing
sales, and from then until the close the
speculation was feverish, and the tendency
OF prices was reactionary. Sugar was
weaker and pressed for sale on the uncer-
tainty regarding the proposed tariff. In
siders are reported TO have bought the
stock on decline. The general market at
the close was weak. but a majority of the
list was above fridays final figures. The
changes in the list on the
transactions of the week so far
as concerns the railway stocks are gem
orally toward higher figures. the princi-
pal advances being Delaware & Hudson.
Ss; Delaware, & Western.
"a; New Jersey Central. 33s: Reading. 1ik:
S~usquehanna & Western, IL; Burlington
& Quincy. rs; Rock Island, 3%s; Lake
ShOre, rs; New York Central. IL: Canada
Southern. 2; Chicago * Eastern Illinois,
Az; Erie preferred, S1z; common, 1s; West
ern Union. 3s; C.. c., c. & St. Louis and
New York. Chicago & St. Louis seconds,
preferred, 3; Manhattan. 2a; Illinois Cen
trail and Pullman. 2: Pittsburg & Western
preferred; pa; Rubber preferred. 8: Tobac-
and Chicago Gas, rs per cent. Among the
Shares which are lower than at the close
last saturday are: Edison Electric. 6s,:
Louisville. Evansville a st. Louis. s: Lee
high a. Wilkesoarre. d.: Cordage. .. Suear
ana Cotton Oil preferred ard Evansville
* Terre Haute, IL per cent. Distilling
closed at the same price as the week be-
The railway and miscellaneous bond mar
ket was strong and the upward movement
Was resumed, the volume of business be-
are 3 per cent. higher with Louisville.
evansville * st. Louis 5s up. The most
notable advances on the week were Louis
VIE, Evansville x St. Louis cOnSOlS fVes.
~ and Fort Worth & Denver skies and
Pacific consols. 6ls. Government bonds
were strong State bonds were inactive,
Ihe following table. prepared by James r..
Berry, Room 16. Board of Trade. shows tho
range OF quotations: