The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-12-02
FIRM AT THE CLOSE
New York Stocks Recovered After
Several Early Declines.
Better Investments by Europeans No
ticed-Dull Day on Change at In
dianapolis with a Decline.

AT New York, yesterday. money On call
was easy at lu1A per cent, the last loan
being at IL. closing offered at IL.
Prime mercantile paper, 31zG5R.
Sterling exchange firm with actual BUSH
ness in bankers bills at $4.s5d4.S6A for de-
mand and at A.S3hd4S3A for sixty days:
posted rates. S4S4i5Q4.S7; commercial bills,
s4s2Aq4S21s.
Silver certificates, 69%c bid. Bar silver
closed at 691sc per ounce; at London,
81 15-16d.
Total sales OF stocks were POI, 200 shares.
There was an ~irrugularity about the
dealings on the New York Stock Ex-
change yesterday that demonstrated there
are distinct groups of traders operating
without concert of action in the several
speclalties which are most active in the
transactions. In many instances prices
were moving up in one point while in an
other they were receding. The financial
collapse in Rome had no effect on the
speculation In stocks and a leading firm
or italian brokers expressed the opinion
that the suspension OF the credit mobiIier
would be only temporary and that il
would eventually meet all its liabilities.
The buying for the London account was
heavier than for many weeks and there
was an activity among the houses with
european connections, which gave evil
oence OF an increased inquiry from abroad
Tor American securities and led to a
oeilef that the financial and political
disturbances in Europe would be
rejected in heavy investments in the bet
ter classes of railway shares and mort
cages in this financial center. One of the
notable features Of the speculation was
the strength developed by Union Pacific.
based on the reorganization plans and the
report that Receiver Mink would lend his
assistance thereto. Sugar, after a l-per-
cent advance in the early dealings on pur-
chases to cover short contracts, was at
tackled again by the bear contingent. and
broke 3 per cent, to so, recovering TO S1H
IN the hnal tradings. At the very OPEN
ing $500 shares OF Distilling were thrown
on the market, selling down from 26A To
I'd at a jump. The final figures were 27D.
The appreciation in these shares was due
10 washington dispatches announcing thai
a material advance would be made i'm the
tax on spirits Chicago Gas was bought
largely on western orders during the morn
ing. In the general market one of the
niOSt important moves was a drive against
chicago. Burlington & Quincy, due to re-
ports or a bad November statement. The
market at large was strong at the opening
and IN the early dealings. Denver a. Rio
Grahde recorued the greatest advance, Ia
per cent, OF which ii held Ia at the close
Inc dealings became unsettled yerv soon
and continued ~rregula during the dsv
with frequent fluctuations between strength
anu weakness. In the last half hour the
temper or speculation underwent a marked
cnange, and there was a SharD inward
turn which restored values to within q
traction of the best figures of the morning
III many cases and beyond them in others,
some shares. however. sharing only siightiy
In the advance compared with Wednesdays
closing sales.
There was a strong tone TO the bond
market throughout the day. The chief adj
yances were: Kansas Pacific consols. 3I:
Toledo x Ohio Central firsts, Isl; Atlantic
q Pacific TOURS, = Erie seconds, u: Gin
cinnati, Dayton * IrontOn fives, III. Chica-
90 a Erie incomes sold at IS. against SO on
Oct. 81.
bonds were inactive.
The following table. prepared by James e.
Berry, Room 10, Board Of Trade. shows the
range of quotations.