The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-10-17
ADVANCE in STOCKS
SUGAR TRUST SHARES GET A NEW
HOLD AND Go UP z 81 PER CENT.
Nearly Half the business ON New York
Change I'm This stock-!ndian-
apoIfs Markets Weak.

Al New York yesterday money on call
~as easy at / per cent.
Prime mercantile paper, zAq4h per cent.
Sterling exchange opened strong, but
closed slightly easier. with actual business
at AS7Aq4S1A for demand. and $I.SG2,0
4S7 for sixty days: posted rates, $4.S7h@
Ass and s4.SSkQ4.S9; commercial bills, $4.S6
Q4S6h.
Silver certificates. s3ssc old. Bar silver
closed at 6S1zc per ounce; Mexican dollars.
5lAc. At London bar silver closed at
% Q 16d.
Total stock sales were IL, 272 shares. in
Guiding: American Sugar. 81, 100; Burling-
ton, 800; Chicago Gas. 800: General
Electric. Is. 100: Louisville & Nashville, $500;
Manhattan. 1900; Reading, 2,1Oo; St. Paul,
1920; Western Union, 400.
Nearly one-half of the business done on
the Stock Exchange yesterday was in the
shares of the American Sugar Refining
Company. Good buying We, developed in
the stock in the early dealings, which was
credited to a prominent insider. The board
traders followed the lead thus given, and
without any important reaction an ad-
vance of ga per cent. was recorded, the
last being the highest price of the day. Re-
ports were put in circulation that the sugar
trade was improving and that the refineries
OF the trust would soon again be put in
operation. II is not to be said, however,
that these reports had any special inffu-
ence on the course of the prices in the
stock. the upward movement being purely
the result of manipulation. st. Paul was
second in point of activity. and during the
morning was sold by London and the trad
ers. with the result of a decline of y per
cent. which was subsequently recovered,
the final sales. however. being Is below
AIOndnU' Tha - 6AHo vrar0 h1f
lightly dealt in and auctuated within limits
OF y per cent, burlington gaining II and
Rock Island a. and Northwestern stand
ing unchanged on the day. There was brisk
selling OF General Electric in the opening
dealings, which were attributed to an in
slider. and which broke the stock / per
cent. the full decline being recovered be-
fore noon on the revival of the report that
II is the intention OF the company 10
the Afternoon the shares reacted q and
rallied X at the close. leaving a net loss
of Il per cent. Chicago Gas opened u
the latter fraction being the improvement
better tone and moved up Is per cent. on a
small business. closing at the highest point
touched. In the rest of the list very little
market was downward during the greater
part OF the day. The gold exports scare
mad mao IN httf snal i d aay; ,eha a { 8 ON tine tine fradinr
and the market closed firm. The more i'm
portant declines on the day not already
noted are 1l in Baltimore & Ohio. IL in
Wheeling q Lake Erie preferred, rs in
Illinois Central and l per cent. in p, c.,
g. & st. l..
. A generally easier tone prevailed in the
bond market during the early session.
After midday. however. the weakness was
more pronounced. particularly for General
Electric debenture hves. which sold down
3s per cent TO Sh. and finally closed at
S71z. A fair amount of business was trans
acted, the sales amounting to 1858, 800. The
more important changes are: Declines
Union Pacific gold skies. 4 per cent; Cleve-
land & Canton firsts. y.
Government bonds were firm, State bonds
were dull and railroad bonds were weak.
The following table. prepared by James
E. Berry, Room 1e. Board of Trade. shows
the range of quotations: