The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-05-15
UNDER $4,000 SHARES
Total Trades on Change Down to
Low Water Mark.
Outside of Sugar and Chicago Gas
There Was Little Business Done
indianapolis Grain Weak.

AT New York. yesterday, money on call
was easy at 1 per cent.
Prime mercantile paper. 21zG5 per cent.
Sterling exchange was dull but firm, with
actual business in bankers bills at $4.SS%@
4S9 for demand and at $4.S7A94s7h for
sixty days; posted rates. 4.SS12Q4.90; COM
mercial bills. $4.S6hQ4S6h.
Silver certificates. 64Q65c. Bar silver
closed at 62Ac per ounce.
Total sales of stocks amounted to 74,373
shares. American Sugar leading with 1900
and Chicago Gas with $1,000. Stock Ex-
change trading reached low water mark
yesterday, the aggregate of the transac-
tions being under 1900 shares. The sales
of but ten stocks exceeded 1000 shares,
only three went above $500 shares and Su-
gar alone passed the 10000 mark. 1t was
a holiday on the London Stock Exchange,
and the arbitrage houses. therefore. were
out OF the market. Another circumstance
was the occurrence of the annual election
for officers and governors of the exchange.
in which more interest was manifested
than for years, inasmuch as two members
or the board of governors, who voted
against a di-scontinuance of the arbitrage
business with Philadelphia and Boston,
were up for reelection, and members of
the exchanges from those cities were on
the floor actively canvassing for them.
The new cut In freight rates also tended
TO restrict business, especially in the trunk
line shares. as introducing a disturbing
element into the situation which the room
traders did not seem to be prepared to dis
count A firm tone characterized the open
ing dealings, but Sugar. which had opened
u and advanced *. began to decline on
moderate selling and gradually broke rs
per cent. to lo4&. At the low point buyers
came into the market whose purchases
caused a recovery Of q, but renewed sales
in the final trading caused a reaction of Is,
day OF rs per cent. Sugar preferred de-
clined l per cent. The depreciation In
these shares was due to manipulation.
there being no news on the street calcu-
lated TO influence the speculation therein.
Chicago Gas was bought during the morn
ing on orders from outsiders. many of which
came from Chicago, and an advance OF q
pSr cent. was established on moderate deal
ms The entire advance was lost in the
and the stock closed only y above the low
est figure touched. General Electric was
strong during the early morning, then be-
came heavy. rallied in the first part of the
last hour. and weakened again at the close.
The huctuation in the stock was within "a
limit of a. and a gain of u was made on
the day.
The railway list was neglected. St. Paul
alone making any showing in the trading,
and. after declining Y. rallied Il. The other
grangers were dealt in very lightly. and
inc movement tnersin was lnsignincant.
g.sh and the changes generally slight. prices
being held firmly, except for a few special
tlcS, ana the market WdS Sleduy 10 lIHl dt
the close, the only stock showing an adj
vance above a fraction being Mobile 4
Ohio. Cordage common is down 112; Cord
age preferred and Rubber LIS, and Kansas
& Texas preferred and Denver & Rio
Grande preferred l per cent
The bond market was firm during the
greater part of the day. but became irregular
In the late dealings the principal changes
frsts. 2: Third-avenue hrsts, ia; st. Paul,
NJ. & NJ. ives. Northwest sinking fund
fves and New York Central debenture fiveS,
registered. each IA: New York Central
coupon fves. ~; Hooking Valley fyes.
fours and Rock Island hrsts, registered.
each l per cent. Declines-Louisvtlle Il
Nashville generals. St. Louis * Southwest
ern nrsts, each l per cent. St. Louis & San
Francisco cOnsol tours sold at As. against
50 on April q. Chicago. St. Louis & New
Orleans hves sold at lis. against 1nh on
Feb. %.
were steady.
The following table. prepared by James Il.
Berry. Room 16, Board or Trade. shows the
range of quotations..