The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-12-30
STOCKS IMPROVING
Pressure to Sell in Wall Street
not So Pronounced.
General Market on Change Opened
Weak, but Firmed Up Later-No
Calls for indianapolis Grain.

At New York. yesterday. money on call
was easy at 1G1E per cent. the last loan
being at ;, closing offered at ~ per cent.
Prime mercantile paper. 31z9515
Sterling exchange was hull with actual
business in bankers' bills at $4S5Ka4s6 for
demand and at $Is39s Ass for sixty days;
posted rates, $IS5aLs71a; commercial bills.
s4S21kaLs2za.
Silver certificates not quoted. Bar silver
closed at Csc per ounce. At London. bar sill
yer was offered at 31asd January; bar gold
lower. at us 9lzd per ounce.
Total sales OF stocks amounted to 49, 600
shares. The temper Of speculation on the
Stock Exchange was much improved. the
pressure TO sell was at no time pronounced,
except. perhaps. as TO Atchison London was
a considerable buyer OF the arbitrage spe-
cialties more particularly Of Louisville e.
Nashville. and majority of the shares
traded in recorded an advance on the days
transactions. Atchison was sold freely on
report that the plan of reorganization TO
be proposed would call for an assessment OF
$40 a share. This, coupled with runor
that a big block of the stock was to be mar
keted, induced a movement to sell. which
was participated in by both the long and
short interest The result was a decline of
In the final dealings. and there was only Il
per cent rally at the close. Boston and the
West were both sellers of Atchison Louis
VILE K Nashville opened q higher, reacted
a, and then began 10 move upward showing
an advance of PA shortly after noon
turing the afternoon a reaction of X Der
cent. TOOK place, followed by q recovery OF
a per cent in the final dealing. the last
sale being at an advance of ia on the
DAY There was an active speculation in
and he
mined drives at the stock, but never de-
pressing the price more than p per cent
I peiGM me 20, opening There Was strong
nut IN the ftnal dealings q fractional reac-
ton ensued. and the stock lost Il per cent
the day. OF other granger shares Chi
cago, Burlington & Quincy recorded an
advance of 1 per cent; St. Paul &, Omaha
~ and Rock Island & Northwest. Is. New
England was comparatively neglected.
There was some selling during the morn
Ing, resulting in n decline of a per cent
which was quickly recovered. In the af-
ternoon the trading in shares was COM
OF % per cent, which was the net loss
the day. The short interest i'm the Gen.
eral Electric became frightened at the
strong support given TO the shares, and
rushed to cover, sending the stock uD II
per cent Then some realizing occurred.
which brought about a reaction of -. IN
the nnal dealings a recovery of q per cent.
ensued, leaving net gain OF = per cent
The general market opened weak but
closed fairly firm. and in the interim the
fluctuations, which were frequent, but not
very wide as a rule. tended toward higher
figures, and the final dealings showed a
pretty general advance OF 14H17s per cent
in which Louisville & Nashville, Delaware
q Hudson, St. Paul & Omaha, Chicago
Gas and Chicago. Burlington * Quincy
were most prominent. In exception to the
upward movement declines were recorded
OF per cent in Minneapolis & st. Louis
preferred, 212 in Tobacco and st. Paul a
Duluth preferred, ? in Atchison. l = I'm
J.ackawanna and Louisville q New AL
bany, la in Wheeling * Lake Erie pre-
ferred and l per cent. in Baltimore & Ohio
and Consolidated Gas.
The bond market was weak. Govern
ment bonds were steady. State bonds were
dull.
The following table. prepared by James E.
Berry Room 16. Board OF Trade, shows tho
range OF quotations.: