The Indianapolis journal., 1893-08-10
MONEY. STOCKS AND GRAIN
Another Day of Big Decline and Re-
coyery on the New York Exchange.
Little or No Support Given. the Ist Till
Bears Had Raided with Vengeance
Indian polls Cereal. Quiet AM Lower.
THE BOND MARKET.

Railway and Other Issues Closed Firmer
Along with the Rise IN Stocks.
At New York. yesterday. money on call
was easy. the last loan being at 8. closing
offered at 8.
Prime mercantile paper. TO 12 per cent.
Sterling exchange was stronger. with ac-
tual business in bankers bills at s4.s2ls
0Ls2a4 for sixty days. and s4.S7la a 4.ss for
demand.
Silver certificates were neglected. clos
lng at 75l4 c bid and nc asked. Bar silver
closed at s5c per ounce; Mexican dollars at
6Ol2c. AT London bar silver closed at
SALAD.
The total sales of stocks were 249 600
shares. The dealings at the Exchange
were characterized by weakness during Q
great part OF the day, and IN some in stances
sharp declines were recorded. The bears
were unusually aggressive. having been en-
ooursged in their operations by the closing
of the Madison-sqnare Bank. the
continued high premiums paid for
currency and gold. and rumors
tafterward depied) that the General Elec-
sric Com pany's paper bad gone TO protest.
On the other hand there was little or 10
support from any quarter. The heaviest
declines were 6ls IN General Electric. 3l2 In
Chicago Gas. SIS In Western Union. ga In
wanna and Ia In Manhattan and Rock
Island. The offerings were not Darticu-
larly heavy, and the losses resulted chiefly
from the lack Of supporting orders. As on
yesterday. the selling for the long account
was mparatively light. fact which
made itself felt during the last hour of
business, when the whole market took
on strength and al vanced any where from L
20 points. Sugar and General Electric
led the upward movement, the latter on
"a a r. m N m m naa aTF1a a "a slf ha
company had provided the $1,000. 900 neces-
sary TO iiquidste the floating debt. When
she hears attempted TO cover. they found
the supply of stocks much smaller than ex-
pected, and the result was regular scram-
BILE 10 purchase near the close. The heavy
Influx of gold was not without its influence
IN stimulating the late recovery. The
transac tons aggregated 2i9. l16 shares, in
GLIDING S9,1S7 unlisted. Speculation left
off strong In tone with quotations IN q
number OF instances above those of yester-
day.
Railway aud miscellaneous bonds were
heavy In the early trading. but closed
6rmer in sy mpathy with the rise of stocks.
The sales were sos Zoo. Chicago Peoria II
81. Louis consolidated fves fell 3, TO 9S: Chi
caRo ~ Erie incomes :. to 20: General Elec-
trio debentures. lives. 2. to 6S; Wabash. De-
troit & Chicago extension firsts rosei2 to- 90:
Erie consolidated seconds declined IA to
O.. and recovered to CA Richmond Ter.
D'lnal fives fell liz. 10 II. and later rose to
19. Government bonds were strong. State
bonds were dull. Closing quotations were:
Four er cent. reg 100 Z Louis. & Nash. -. 55ls
Four per CT coup-.1l0 l.. Il New Albany Ii "A
Pacific 6's os '9o.- "IO2 Missouri Pacific 2l3s
Atchson..-------. t54N j. Ccntral...... 92
Adams Express. 1875 Northern Pacific ia
Alton * Il. H. 25 y. Pacific pref. 2l y
Alton & Il. II. pref. lao Northwestern. 93l9
American Expr' .1O4 NORTHWESTERN pr'f. 13u
Ches. & Ohio----.- l54N. Y. Central.... %
G.. Is. Q..----.~.. s59s Peoria. ID. Il E..
C.. O., c. x ST. L.. 323i Pullman Palace -141
Del. Lack. * W -135 Rock Island .-. 575s
Fort Wayne. e.-------l4O u. s. Express. 43
Lake Erie 4 w l3l2 W., st. L. * P
l.. l.. & W. pref. 56 W, -. l.. * Il. Pref l3
Lake Shore. l2lo Wells-Fargo Ex. $50
Lead Trust 24 Western Unon.... rs