The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-07-04
STOCK MARKET DULL
LESS THAN 10000 SHARES CHANGED
HANDS YESTERDAY.
transactions at New York Smaller
than Ever BcfOre-Sugnr Lower at
the CIose-LOcaI Markets.

AT New York, yesterday. money on call
was easJ at l per cent. the last loan. being
made az l, closing at / per cent.
Prime mercantile paper. 22a441a per cent.
Sterling exchange steady. with actual
business in bankers bills at s4SSA for de-
nand and at s4.s714 for sixty days; posted
rates. A.s5a4Ssl5; commercial bills. $i.S6.
Silver certificates. 64a65c. Bar silver closed
at 62lzc per ounce; at London, 2s24d.
Speculation reached the acme of stag
Nancy on the New York Stock Exchange
yesterday. the aggregate of the transac-
lions being less than $1,000 shares. a point
fower. perhaps. than has ever before been
touched on full days business. The
fluctuations. too. were in keeping with the
smallness of the trading and the changes
oil the day were confined to the smaller
fractions. except in the cases of a few
of the inactive stocks. But there was
tone OF firmness 10 the market which was
remarkable. in view of the strike stua-
tion, which, as yet. shows no sign of i'm
provement. There seems 10 be, however,
no desire the part of holders of shares
of railways affected by the strike to sacri-
flee them. and. under the circumstances, it
is remarkable with what frmness the
grangers and trunk lines are held. Wall
street appears to look upon the defeat of
the strikers as a certainty by reason of
the lack of justice of their cause. The
London market reflected the confidence of
foreign holders in the stability of values,
and there was good buying in this market
OF ST Paul. Atchison. Louisville & Nash
Vile and Union Pacific, and moderate pur-
chases were made of some other of the
srbitrage specialties. The vote in the Sem
ate by which the sugar schedule. went
through did not improve the price of sugar
stock permanently, although the shares
opened Is hlSher large selling movement
was inaugurated in the early dealings,
based on the adoption Of the amendment
putting the schedule in effect on the pas
sage OF the tariff bill, which is looked upon
filming Company. y decline OF IL per cent.
was recorded in the morning, with a rally
during the afternoon of rs. and a final re-
action OF y. making a loss the day of
ing decline of =. rose sharply on buying
for an inside clique. making "A gain of
H. of which - was lost at the close. leav-
ing an advance OF a per cent. on Monday $
closing prices. The grangers fiuctuated
within limits of i465s, and closed at an
Improvement of ia p. the latter St. Paul,
which led the group in the trading. Erie
rose ia, appearing in the transactions for
the first time i'm some days, rsacting J.
Erie preferred advanced IL on the purchase
of hundred-share lot. Wheeling & Lake
Minneapolis a st. Louis preferred broke )
per cent, to %. rallying to 25I2. with sales
of only 3O shares in all. Long Island
Traction sold down per cent. to 121s,
clined per cent. The other changes were
very slight. Although intensely dun. the
market was firm on late dealings and
closed in fairly good tone.
The railway and miscellaneous bond mar
ket generally firm all day, the changes,
as a rule. being slight.
The following table. prepared by James L.
Berry, Room To- Board of Trade, shows the
of quotations.