The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-01-19
MONEY. STOCKS AND GRAIN
Wall Street Full of Confidence and the
Share List Making Steady Gains.
Almost Steady Upward Tendency Throughout
the Session Yssterdsy-At Indianapolis
Was Active Bidding for Corn and Oats.
THE BOND MARKET.
Extreme Activity Still Marks the Trading In
Railroad Issues.

Extreme Activity Still Marks the Trading In
Railroad Issues.
At New York, yesterday. money on call
was easy at 263 per cent. the last loan
being made at pa per cent, closing offered
at pa per cent.
Prime mercaa tile paper. Ga 06ls per cent.
Sterling exchange was quiet but firm
with actual business in bankers bills at
ez.s6 for sixty days and s4.s7ai for demand.
The total sales of stocks were S65.OO0
shares. including the following: Chicago
Gas. 600; Lackawanna. $500; Denver IL
Rio Grande preferred. 600: Disabling, 6l,-
800; Lake Erie 81 Western, 4,200; Lake Erie
& Western preferred. 1920: Louisville ~
Nashville. 1900; Manhattan, IL. 500; New
England. 1900; Northern Pacific, 2SsOo;
Reading. $500; Richmond * West Point,
$500: Rock Island. 400; st. Paul, $500;
Sugar, 5000; Union Pacific. 5000; Western
Union, 5, 400.
Notwithstanding the slight setback
given TO the stock market Tuesday by the
liberal realizations and the operations of
The bearish traders. the street yesterday
was again full of confidence. even in the
face of threatened outgo of gold on Satur-
day. The increase In the note Issue of the
Bank Of France IS expected to facilitate
the movement of gold to the center. ana
the scarcity of commercial bills preserves
stiffness in exchange rates W hich keeps
the market MP 20 the exporting point. or
nearly so. all the time. To offset these IN
fiuenees there Is remarkably easy money
market, with practical assurance of It's
continuance for q long time TO come. and
rates are already down to an extremely
low figure. call loans being effected at pa
per cent, while the feeling that gold ship
ments are imminent prevents q further
decline. The stock of silver at New York
held on certificates has been reduced TO less
government are small ana the price Of the
commodity shows decided strength. The
stock market paid little attention to ad-
verse influences. and the course of prices.
with some few Interruptions and excep-
tions. was almost steadily upward through
out the session. Among railroad stocks
there was moro strength In Louisville IL
Nashville on purchases by London. The
effect of the threatened outgo OF gold only
restricted trading IN the general list. and
even this effect disappeared as soon as the
temper of the street made itself felt. The
opening advlces were added to but slowly
until late in the day, when the upward
movement became more pronounced and
every thing moved forward, the close being
strong at or near the best prices of the day.
Railroad bonds were still extremely active,
and the urgent demand for many of the
speculative issues did much to stimulate
the bullish feeling in stocks. Conspicuous
IN the upward movement were New YORK
and Northern seconds which advanced
from q N TO SO, and the Texas Pacific issues
each of which scored substantial gains on
large transactions.
Government bonds were dull and steady.
State bonds were neglected. Closing quo
tations were: