The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-07-26
PRICES RANGE LOWER
SALE OF 800 SHARES OF PULLMAN
KNOCKS OFF 3 Ia PER CENT.
Changers Depressed by Reported In
jury to Corn CrOp-At indianapolis
Wheat Is Dull, Corn steady.

At New York, yesterday, money on call
was easy at l per cent.
Prime mercantile paper, $40 per cent.
Sterling exchange was firm, with actual
business in bankers bills at $4.SS&sG 4-SS13
for demand and S4.S7}sq4S712 for sixty days;
posted rates. $4.SSqLS9; commercial bills.
S4S6ssQ 4s6lz
Silver certificates, 64d65c. Bar silver at
New York was 625sc per ounce; at London.
3 I-16d per ounce, and Mexican dollars, at
sgd, were in demand in connection with
lie Corean war. Silver also wanted
cor rhe French minis and prompt shipment.
Total sales of stocks reached 1l72O3
shares. with Sugar having 5000 of the
amount and St. Paul $4,000. The result of
yesterdays trading on the Stock Exchange
was the establishment of a lower range OF
values in the greater portion Of the SHARES
traded in, the only prominent exceptions
being Sugar and Iowa Central preferred,
both of which are l per cent. higher tnan
at the close Tuesday. The volume of bust
ness was light, but was better distributed
than usual. with Sugar III the lead, ST.
Paul, Distilling Chicago Gas, Burlington
& Quincy and Missouri Pacific coming next
in the transactions In no other stock did
the sales exceed $500. London was a small
buyer of st. Paul in the early dealings,
and later sold few hundred shares of
that stock, but was not in the market 9TH
erwise. In the Sugar pool there was jubi-
lation over the failure of the Senate Dem
ocratic caucus TO reach a compromise.
There was good buying at the opening, and
an advance of IL was made before 1O:15
o'clock. Washington advices to the effect
that another conference on, which
likely TO bring about some agreement,
checked the purchasing movement in the
shares and induced sales under which the
entire Improvement was lost by IL o'clock.
During the rest OF the day the stock
erratic, moving within a narrow range but
making gains which at hte close reached
1 per cent. Reports of injury to the corn
crop by excessive hot weather depressed the
srangers. all of which closed at the low
est of the day, making losses Of in Rock
Island. Is in St. Paul and Burlington &
quincy, and a in Northwestern. There
was a question raised as to the payment
of a dividend on Rock Island for the cur
rent quarter, and the bears are now ques-
tioning whether ST. Paul and Burlington
will pay dividends at the regular rates.
DiStilling rose "a i'm the opening dealings,
but the rise brought out large offerings,
which forced the price down Ia, with a
final rally OF "a. The bears tried TO ham,
ing on a report that the Universal COM
pany was prepared TO start in to lay its
mains within thirty days, but the shares
were well supported and only receded 3.
In the early afternoon there ad-
vance OF "a, of which y had been lost at
the close. Liquidating sales caused a de-
cline of Ia in Missouri Pacific, of which
"a was recovered in the final trading. Com
pared with Tuesdays closing quotations.
the last prices made show declines ranging
from Is TO l. Pullman notably weak,
and on sales of 500 shares broke ga with
out a rally.
The railway and miscellaneous bond mar
ket was generally weak and lower, the
principal changes on the day being: De-
clines-St. Louis & San Francisco general
skies. 6; AtchisOn fours. 49, Colorado Mid
land tours, Fort Worth & Denver City
trsts, lla; Louisville & New Albany con-
soils, Rio Grande Western firsts, l per cent
Advances-Illinois Central three-and-one
halls. l per cent.
Government bonds were firm. State bonds
were dull.
The following table. prepared by James
l.. Berry, Room 10. Board of Trade, shows
the range of quotations: