The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-10-20
STOCKS ARE HIGHER
Yesterdays Advances Ranged
from 1-8 to 2 81 Per Cent.
Spectators Thought the Situation at
Washington Was Favorable to
Repeal of the Silver Act.

At New York yesterday money on call
was easy at 1lkG2 per cent, the last loan
being made at IL, closing offered at IL per
cent
Prime mercantile paper. 6QS per cent.
sterling exchange was heavy, with actual
business in bankers bills at s4SH. 04S4l5 for
demand and s4.s2AQ4S21z for sixty-days;
posted rates. s4.S3IzQ4 S51s; commercial bills.
s4S1k.
Silver certificates. 73G7Slkc. Bar silver
closed at 73c per ounce; at London, 3324d.
The clearing house committee of the New
York associated banks has leased vaults in
the Mercantile Safe Deposit Company in
which will be stored the gold received on
balances daily. Against this gold will be is
sued clearinghouse gold certificates for cir
culation among the banks only, and which
will be included in calculating the reserves
I'm the weekly bank statement
The total sales of stocks yesterday were
$4,000 shares. On the Exchange yesterday
the speculation was almost featureess and
the dealings were a very small scale
The only time when the market could be
called at all active was shortly after
O'Clock. and even then the transactions were
mostly confined to a few shares. The
street is in a state of expectancy on the
silver question, and operators are not dis
posed to buy sell very largely pending
the settlement OF the Washington situation,
which speculative interests affect to be-
lieve is rapidly coming near. After weak
opening prices took upward turn and
quickly recovered the early losses, the mar
ket becoming firm. There was a fairly
steady trading for about hour, when a
reactionary movement was inaugurated,
which carried values down, the
fraefio r1gs%ent ow 9slns range 1Ss a of
figures being established before noon. Dur
ing the next two hours the traders engaged
In an embarrassing contest for points the
fluctuations being narrow and the volume
of business light. After delivery hour the
temper of the speculation underwent "a
change, and for while there was brisk
market. The short interest undertook to do
some covering and purchases were made for
ton that plan had been agreed upon to
bring the silver Senators to a vote Under
the influence of this buying the market
took an upward tnrn, and the best prices OF
the day were touched. The improvement
was well maintained TO the Close the gen.
eral list closing at or near the best prices of
the day, with gains. as compared with the
sales of yesterday, OF 2% per cent. in Pull
man. In Canada Southern, is in B. & o.
dated Gas, Lake Shore, Cotton Oil, pre-
ferred. Consolidated Fuel and Iron and
Northwestern. 1 in Missouri Pacific and
Rock Island, and "a per cent in c.. b. e O.,
Western Union and Buffalo, ROcheSter &
Pittsburg The rest of the list showed adj
vances Of hGf9s per cent, with some few ex-
ceptions in which declines were recorded.
the greatest being / per cent, United States
Rubber, preferred, and New York Northern,
preferred, Chicago Gas, Erie, Louisville and
Wabash being down 1sQ1a per cent
The market for railway and miscellane-
Gus bonds was quite active, and, in the
main, strong, although some issues were
weak Government bonds were strong,
while State bonds were dull. Closing quo
tationS were:
United States Fours, coup.
Pacific skies of 90. .lO2
AtchlSon. $4,000. ..........'...........-. 1913
Adams Express. -..............-.......l4l
Alton & Terre Haute.. 20
Alton & Terre Haute, pref. 150
American Express ........................u
CheSapeake & Ohio. Observation-Disclosures. 154
Chicago, Burlington & Quincy. ......... 1912
c., c., c. & st. Observation-Disclosures. 324s
Delaware Lackawanna & Western. ..155
Lake Erie & Western. ................... 15A
Lake Erie & Western, pref............. BOZ
Lake Snore e12
Lead trust '''''''' 40
Louisville New Albany. ......... IA
Missouri Pacific ...-...................... rs
New Jersey Central. ......................lU 9
Northern Pacific ..........................
Northern Pacific, pref. .............-H
Northwestern OBSERVATION-DISCLOSURES. .lO0Ss
Northwestern, pref. LII
New York Central. ......: :.............l UOf4
Peoria, Decatur & Evansville. ..........
Pullman Palace ............-............. .loo4
United States Express. ............-.-... 81
Wabash, st. Louis az Paclf1c..... bB
Wabash, st. Louis & Pacific, pref. 143s
WellS-Fargo Express. ...................l2o
Western Unlon.... oz1s