The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-06-29
MONEY. STOCKS AND GRAIN
Wall Street Bears Did Nothing AllDay
but Raid the Share List.
Fear that the Status of Silver Will Hurt Rail-
roads Precipitated Heavy Dec ine-In-
disEapolis Cereals Are Flat
THE BOND MARKET.

Railway Issues Were Decidedly Heavy On
sales of s9I4.oOO.
At New York yesterday money on call
was easy and active. ranging from 10 to so
per cent. the last loan being made at
20. closing at 10 bid.
Prime mercantile paper. 66s per cent
Sterling exchange was weak. with actual
business In bankers bills at SI.s1A for
sixty days and "a. s3I4 for demand.
Barring one or two feeble rallies. the
New York market was heavy and unset
tied throughout the day. The trading ele-
ment. which Is still bearIsh. was even more
demonstrative In its attacks than usual,
owing to q furt her break of loo in silve
certificates and the mercantile EN-
barrassments reported in varions places
ont W est. Selling for Chicago. Boston and
LONDON accounts accelerated the down.
ward movement in prices at intervals. The
favorable traffic returns of many roads
failed 10 exercise any appTeciable int1u-
ence. Denver * Rio Grande preferred
scored the greatest decline. dropping 81,
to ssh. Tins sharp break was due TO the
fear that closing up of silver mines, be-
cause OF low prices for the metal, will eeri-
ouslv diminish the company's receipts. For
the same reason Union Pacific dropped 27s,
10 "a. while Ontario Mining broke gle. to
10 and closed at 3 bid and asked. Jersey
Central declined 4. to 100; Sugar 3. to 1874:
National Lead 3ls. TO ISIS; Burlington "
Quincy to S314; Chicago Gas 2is. TO 665s:
Northwestern 2A, to To-; ST. Paul 2. TO 66:
Rock Island 2ls, to 6Sss; Lackawanna 23s, to
14634; General Electric pa. TO 66as: Lake
shore 2. TO 122; Manhattan 3l2, TO 1913, and
Western Union 2l4. To 1874. The other
losses IN the usually prominent shares
were less than per cent. American To-
bscco. q notable exception, rose steadily
from IS TO %. Near the close when money
got up 10 20 per cent, the bears made q
vigorous dash at the market and the lowest
prices of the day were touched. Specula-
tion left off feverish and weak.
Railway bonds. were heavy. The sales
were S9l4,000. Ohio Southern fours de-
clined 2, to 90; Reading seconds 2. TO 20,
Eric firsts consols pa. to 1884. Govern
ment bonds were steady and State bonds
wsre dull Closing quotations were:
Four per cent. reg1O9 Lous. & Nash. ---.. Gle
-Four per CT. coup..1 10 L. * New Albany. 15l9
Pacific 6's of 95. -103 Missouri Pacific. 81
Atchison- 81 y. j. Central. 100
Adams Express 145 Northern Pacific. IL
Alton 4 It. h. % y. Pacific pref. 32as
Alton & T. H. pref.145 North western a 1OI Il
American Exprssl08 Northwestern pr'f. 1876
Ches. *. Ohlo.--.-. IL n. Y. Central. .1O01
C., Il. Q-------.- S33t PEORIA ID. & E. 9l2
c., c.. c. * St. L.. SO Il Pullman Palace los
DEL Lack. * W. -146ls Rock Island 1900. SO
Fort Wayne------- 40 u. 3. Express $780, 80
Lake Erie Il w.. l6laW., st. j.. & P.... Sl4
J.. Z. & W. pref. 69l4 W., ST. l.. d p. pref 157s
Lake shore. -12l 81 Wells-Fargo Ex-- $50
Lead Trust------.. % Western Union.-.. 793a
bid.
Bar Silver-At New York, CSC per ounce;
at London Bad