The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-05-19
MONEY, STOCKS AND GRAIN
Shares in Wall Street Higher on Mod
erately Large Volume of Business.
Nay Be $3.OOO.O00 in Gold Shipped This Week.
Which Fact is Partially Neutralized-in-
disnspOlis Grain More Active.


Railway Issues Strong Again, the Sales
Reaching 81, 1SS,O00.
At New York. yesterday. money on call
was easy at 2G2lk per cent, the last loan
bsing made at 2. closing offered att.
Prime mercantile paper. Gas per cent.
Sterling exchange was shade easier,
with actual business in bankers biIls at
s4S4h04. s. for sixty days aud s4.S9Gis94
tor demand.
The New York stock market. while ir-
regular again yesterday. was in the main
higher. The volume of business was mod
erately large. the sales sggregating 322. 35S
shares. of which %. TAG were unlisted. The
advance in the Bank of England discount
rate from 3ls to per cent. had been ex-
pected. and consequently had little influ-
ence on the market. Money was easier both
on call and on time. and sterling exchange
was less firm than of late, although no ma
terial CONCESSIONS In rates were made. The
eliminates OF gold shipments by Saturdays
steamers vary. some authorities piaclng
the exports 81 $1,000. 600. and others at 49,.
OO0.OO0. The outflow of gold il counter
acted to some extent by the disposition on
the part OF the banks and trust companies
TO grant more favorable terms 10 Wall
street borrowers. The affairs of :he North
ern Pacifc company commanded an IN
usual share of attention. The directors
held long sessions and, 1t is understood. ar
rangements have been completed whereby
the company will be enabled TO pay Oft Its
floating debt The fact that capital
ists stand ready TO take the col
lateral trust notes is regarded O most
Favorable sign. showing. as IL does. feel
lng of confidence In the future OF the finan-
cial situation. At the opening. this morn
1ng. prices for stocks went ND with rush,
the Improvement being equal TO "a % per
cent, and General Electric leading the
rise. During the afternoon there was re-
action of u to lie under sales TO realize
profits. but q rally of Is to * followed. and
the market closed steady.
Railway bonds were strong. The sales
were 81. 1sS, 600. Alton q, Terre Haute in
comes rose 2, To- 100. Wabash debentures.
Series b. fell 9. TO 81. National Starch
hrsts broke to "a. against 99l4 Wednesday.
Government bonds were firm aud State
bonds were dull Closing quotations were:
-Four per cent. reg. 1925 Louis. d Nash 67l4
-Four per CT coup. 1928 /. & New Albany. 1534
Pacific 6s Of 90 Jos Missouri Pacific. 80
Atchison 267s N.J. Central los u
Adams Express $50 Northera Pacific. 14is
Alton * Il. H.. 20 n. Pacific pref. 49, 1868
Alton a T. II. pref. 40 Northwestern. lO7 g
American Exprssll4 NORTHWESTERN pref. 1881 a
Ches. & Ohio 193lN. y. Central 1Ol 3
g. Is. Q-.-.-.-.- 81 Peoria, ID. Il E.. IL
C.. C., c. Il st. L. ~ Pullman Palace 17S
Del. Lack. * W. -l39le Rock Isand.------ T23
Fort Wayne....-15 $50 u. :. Express 53
Lake Erie & w. 1Sl2lW. St. L. d p. Sss
J. T. 4 W. pref. TIA W.. St L. * p pref 173a
Lake Shore. 122 Wells-Fargo Ex-- lao
Lead Trust-.-.-.. 33l2 Western Union. s4A
Bar Silver-At New York, $3.50 per ounce;
n nnA