The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-10-25
GOOD DAY ON CHANGE
Vanderbilt-Maxwell Combination
BOOms the COalers.
Silver Compromise Also Furnishes Much
Strength-IndianapOlis Grain Ac-
tive and Wheat Higher.

At New York, yesterday, money on call
was easy at lzQ3 per cent, the last loan
being made at 2 closing offered at per
cent
Prime mercantile paper. 51sl8 per cent.
Sterling exchange was easy, with actual
business in bankers bills at $4S3s 4Q4.s4 for
demand and s4aAd4s2 for sixty days;
posted rates, $4S3Q4S5; commercial bills,
s4s01zQ4S0ss.
Silver certificates. 7s1zq74c. Bar silver.
1880 per ounce; Mexican dollars, 5S7sc.
Bar silver at London. 80 15-16d.
The total sales OF stocks were $4,000
shares. Speculation the New York
Stock Exchange was on a scale of magni-
tude to which Wall street has long been
stranger. The pent-up forces held in check
by the uncertainty of the financial situa-
ton, and which, 1t was expected, would
not be given rein until the silver question
was definitely solved, were unloosed by the
Vanderbilt-Maxwell combination in the coal
stocks. The acquisition of Vanderbilt in
terest by the coal roads was looked upon as
going far toward placing the shares of
these companies in a position from which
they might be taken out of the purely
speculative list and given investment
character. When the fact became known
that William K. Vanderbilt was already a
large holder of Lackawanna, and was in
touch with the Maxwell party in New Ter
sey Central, the street took a great deal
more for granted. and at once figured out
great futures for the stocks of all the coal
roads. Reading was made a center of at
traction and large blocks of the stock
changed hands. The sales of these shares
alone aggregated over 11S.OOO. Sugar was
the feature of the general list. Opening at
Monday nights closing price of 9724, the
stock, on brisk buying, moved up TO 1O41s, an
the morning. This great movement in
Sugar was attended by considerable ex-
citement The, phenomenal rise induced
realizations and bear attacks, under the
combined influence OF which the price broke
to 9915. the quotation at the close, a de-
cline Of As from the top notch, but an adj
vance OF Ia from yesterday. The general
market was regular during the morning
hours. but became strong in the afternoon.
Some of the chief advances were: Lead,
preferred, 81; Evansville & Terre Haute.
4: Pittsburg < Western preferred. 3; c.. c..
G. & ST. L., 2ss; Toledo, Ann Arbor &
North Michigan, "a.
The railway and miscellaneous bond mar
ket was strong until near the close, when
reaction occurred.
Government bonds were firm and State
bonds We're dull. Closing quotations were:
United States Fours, coup.
Pacific Skies of 5.........................1 O2
Atchlson .....................-...... 203s
Adams Express
Alton & TeTre Haute. Observation-Disclosures. 20
Alton & Terre Haute, pref. $50
american Express Il
Chesapeake & hio...................1 71k
Chicago, Burlington & Quincy. S3is
G, c.. c. & st. ACKNOWLEDGEMENTS. 81
Delaware, Lackawanna & Western. 1864
Fort Wayne ...........................
Lake Erie & Western. .................... I6Is
Lake Erie & Western, pref............. 50
lake Snore .'....''......'........... ....l&
Louisville & Nashville. Az
Louisville & New Albany Is
Missouri Pacific ...................... 245s
New Jersey Central. .-..............f1S
tsoItucrH Gdclllc IA
Northern Pacific, pref. 223t
SNorInWeStern .l0i@s
Northwestern. pref. ACKNOWLEDGEMENTS is
New York Central. ACKNOWLEDGEMENTS 1921
Peoria, Decatur a. Evansville. ..........
Pullman Palace. ..........................I72K
....O
United States Express. 50
Wabash, St Louis & Pacific. ........... GA
Wabash. ST Louis & Pacific, pref. 1875
Wells-Fargo Express ACKNOWLEDGEMENTS 5
Western Union. ..................-........S sc