The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-10-19
WALL STREET DOINGS
Fair Dealings i'm Stocks, with
Higher Prices at the Close.
pect of Repeal in the Senate-LOcal
Grain Market Quiet.

At New York, yesterday, money on call
was easy at 11zd2 per cent, the last loan
being made at IL, closing offered at IL.
Prime mercantile paper, 6Q9 per cent.
Sterling exchange was weak and tending
downward, with actual business in bank
ers' bills at $4.S41594Sis4 for demand and
Si.2l2q4S2s4 for sixty-day bills; posted
rates, s4.S4Q4S6; commercial bills. $4S1A@
ASIA.
Bar silver at the Stock Exchange closed
at 7SAc; at London, 332id.
The total sales of stock to-day were
164,1OO shares. The conditions under which
OF the day at the Stock Exchange were
regarded as eminently favorable. The sit
uation at Washington has SO far improved
that strong hopes were again entertained
that immediate vote would be reached
on the silver repeal bill. and as the sue
cess OF the anti-silver contingent in the
Senate is looked upon as necessary to the
stability of values, the prospect of de-
cision on the side of sound finance was
potent influence in imparting strength to
the dealings. The silver question still DOM
mates the stock market, and prices de-
cline or rise as the indications are for or
against repeal. Yesterday the end seemed
nearer than for many days past, and con-
sequently the buying was good both for the
long account and TO cover short contracts.
London was in the market as purchaser
OF nearly all the arbitrage specialties eX
cept Louisville < Nashville, of which stock
there were sales for the foreign account.
Reading. though a triie weak in the open
Ing dealings, was taken back into favor on
the announcement that collateral pledged
for the Speyer loan would not be sold, an
arrangement having been made by which
the sale is postponed indefinitely. 1t is
stated, too, that a syndicate has been
formed TO take up the floating debt, and thus
the company would nave only one creditor
tngs by the St Paul road toned up not
that stock alone, but all of the grangers.
although Chicago. Burlington & Quincy
was hampered somewhat by suggestions
of doubt as to the declaration of divi-
dend for this quarter. Louisville Il Nash
Vile was favorably affected by report
that the option to buy the Chesapeake &
Ohio Southwestern road had been given
up, which was regarded as q wise move
on the part of the management. These gem
eral and special influences were productive
of a strong and active speculation during
the morning hours, the volume of bust
ness tapering down in the afternoon, dur
ing which there were periods of dullness.
The upward movement was not carried on
without occasional set-backs, but after
was established, the closing sales being.
IN a majority of instances, made at the
highest figures of the day, the chief ex-
q Western, which is rs, Lake Shore IL
and Whisky g per cent below the highest
tone at the close, and, compared with the
final sales of yesterday, prices were up
Nd31s per cent. the latter in CONSOLE
2% in Delaware, Lackawanna & Western
and Northern Pacific preferred, 2 in Sugar,
Ia IN Ii6n Paul nd rs IN RSs as Island 9s
Vile & Nashville. Chicago, Burlington &
Quincy and New York & Northern pre-
fsred IL in cnt E a M IN haSe
Pacific and Rock Island New York. Chi
ceptionally weak, and declined per cent.
from the last previously recorded sale.
Phoenix Mining dropped cents
dealings in the railway and miscellaneous
bond market. Government bonuS steady.
State bonds dull. Closing quotations were:
United States Eours. reg: .11 1OsA
United States Fours. COUP. .1l0A
Pacific Skies of '90..........-... ..l02
Atenlson Enrass .......
Alton & Terre Haute. ................... 20
Alton & Terre Haute, pref..............l50
American Express ......-..-..-..........l!
Chicago, Burlington & Quincy. ......... 1874
c.. c., G. & St. $500 81
Delaware. Lackawanna & Western. ..i9S4
Lake Erie & Western. .................... 1iA
Lake Erie & Western, pref.............. 65ia
Lake Shore ........................1H
Lead Trust .......... ....................... 264
louisville & Nashville. ................... 46
Louisville & New Albany Ii
Missouri Pacific ...................... 2l%
New jersey Central. .....................1c9
Northern Pacific ACKNOWLEDGEMENTS. 67s
Northern Pacific, pref. q
Northwestern .1OO1S
Northwestern, pref. ..............138
New York Central. .......................10
Peoria, Decatur & Evansville. .......... 6A
Pullman Palace. 1861
Rock Island ..............-............ G1ss
United States Express ......-............. 80
Wabash, ST. Louis & Pacific............. Z
Wabash, ST. Louis & Pacific, pref. 14iS