The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-10-24
SHARES WERE ACTIVE
Business on New York Change
Had all Old-Time Boom.
Coalers, for Good Reason, Led in the
Adyance-lndianapO Trade
Generally Dull.

AT New York, yesterday, money on call
was easy at 112Q2 per cent, the last loan
being made at liz. closing offered at II.
Prime mercantile paper was cas- per cent
Sterling exchange heavy, with actual bus
iness in bankers bills 1T SaS3z.G4Si for
demand, and s4S1AG4S2 for sixty days;
posted rates. sLS3Q485 commercial bills,
34SO1zQ4S1
Silver certificates, 731zc bid. Bar silver
closed at 73l4c per ounce; at London, 333sd
The total sales OF stocks, yesterday, were
7S77O0 shares. 1t was like what the street
reminiscently alludes to as 1.-The good old
times" on the Stock Exchange, yesterday.
The dealings were on a large scale, nearly
everybody was on the bull side of the mar
ket. and there was an all-pervading air of
buoyancy which carried everything before
1t. AT the opening of business discouraging
advices regarding the prospects of uncon-
ditional repeal scaled the initial sales down
y to ~ per cent, and the indications were
decidedly depressing, but the temper of
speculation was changed with magical
rapidity by one or those special movements
which mark the history of Wall street
and which are seldom based on anything
more solid than rumor. The moving infiu-
Gle announcing that the New Jersey Cen
trail party, led by President Maxwell and
DIS friends, had obtained a controlling in
huence in Delaware. Lackawanna & West
ern, and would hereafter direct the policy
OF that corporation Subsequently a trans
X. Vanderbilt led to the belief that there
was trunk line combination i'm the
coal deal, and despite the remarkable
lack OF knowledge displayed by the
presideny Of the two roads named tie i'm
preston gained ground that the long
anticipated project of a consolidation OF
were current that the Readirr and Della
ware Hudson companies wers involved
mitted to adopt the policy to be 6ntIinel
by the New Jersey Central party and the
all the coal roads would act in harmony
with the trunk lines. AS natural re-
suit the shares of the anthracite roads
were in brisk demand and the upward
movement therein carried forward the en-
tire market. The fate OF the silver bill
was not considered as q. factor of the
situation. IL thought OK at all, and every
lesser extent to the call for an advance
The industrials, with the exception of
Sugar and Edison Electric did not share
Distilling and Cudahy actually receded q
fraction. Compared with Saturday S clos
Ing figures, the chief advances were
nois Central, "; Lake Erie &c Western,
IA; C., c, c. & ST. L., Us, and Chicago.
Burlington & Quincy l per cent
The railway and miscellaneous bond mar
ket sympathized largely in the strength Of
the share speculation, and the issues dealt
In advanced with but few exceptions, the
IaSst notable being Peoria, Decatur &
Evansvtife- seconds which declined s per
cent In the Advancing column was Louis
Vile & Nashville collateral trust fves 4
Government bonds were quiet and State
bonds were inactive. Closing quotations
were:
United States Fours, 1103.
United States Fours, coup.
Pacific Skies OF 95.........................1O 2
AtchiSon ...--...................- 1875
AoanS EXPRESS. ....: .....................1 H
Alton & Terre Haute. ............... 20
Alton * Terre Haute pref. $50
chesapeake y OHIO. ...................... 16%
Chicago, Burlington & Quincy S1&
c.. c., G. & St Louis. OBSERVATION-DISCLOSURES. 30
Delaware, Lackawanna & Western. . 1853
Fort wayne. .:::...-..........-..... ..1F
Lake Erie & Western. 1854
Lake Erie q western pref.............. 6Sta
Lead IruSt q
Louisville & Nashville. ACKNOWLEDGEMENTS. Il
Louisville & New Albany. IL
Missouri Pacific ACKNOWLEDGEMENTS 354
Now Jersey Central. .....................1l9
Northern Pac1f1c... ........................ ~
Northern Pacific pref. %
northwestern .l0S
NoIthWeStern PREF ...................... 1852
New York Central. ......................10 JOB
Peoria. Decatur & Evansville. 71a
EuhIldn TaIace..-. ........................lU
aeOSn isidilu- co.'s
United states Express. Observation-Disclosures. %
Wabash, st. Louis & Pacific. 67s
Wabash, st. Louis & Pacific pref. Is
WELSH argo Express. ....................125
W SSteTn OulOn.