The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-10-07
STOCKS WERE STRONG
PRICES STEADILY ADVANCED ON
SMALL VOLUME OF BUSINESS.
Active List on New York Change
Local Quiet.

80 Wv IOlhf lOIty OH a III
was easy at l per cent. all day.
Prime mercantile paper, 3Q5 per cent.
Sterling exchange was firm, with actual
business in bankers bills at s4.S6A G4.s7 for
demand and at A.S5q4S6s for sixty days;
posted rates. $.S6lk@4.S7 and $4S71ka4ss;
commercial bills, $4.S44.
Silver certificates, 637sc bid. Bar silver.
63$4c; Mexican dollars, 51Ac; at London
bar silver closed at % 5-16d.
The New York weekly bank statement
shows the following changes:
reserve, 81. $40, SO
EoanS' =, 116,HO
Legal tenders, decrease SlS,5O
CUcpUIats, 2,vl,yW
The banks now hold s5s. 4os. 900 in excess
OF the requirements of the twenty-ive-per-
The total sales of stocks were 6s.O23
shares. including: Sugar. $500: Bay State
Gas, $500; Burlington, 100; Chicago Gas.
1880; Distillers, 300; Louisville & Nash
Vile, LOGO.
The stock market was strong during
the two hours of business Saturday, and
prices advanced steadily on a small vol
ume of business. The buying was largely
Tor the short account, the bears having ap-
pdrently concluded that in the present tenn
per OF speculation it was the part of wis
dom to keep their lines we'll in hand over
sunday. The features of the trading were
Chicago Gas. Reading and Western. Union.
Reports touching the favorable effect of
the contract with the Universal Gas Com
pany on Chicago Gas were used by the
Dull clique in the stock to move IL up. md
an advance of Ia per cent. was made. of
which only Il had been lost at the close.
Philadelphia houses were good buyers of
Reading for purposes of voting at annual
election In January, stock having to be held
Tor three months before the election to
quallfy the holders TO vote. An advance of
IA resulted, the last being the best price
OF the day. The purchasing movement on
NsStern Union is said To have been by an
Iu pun pool IN the stock, which has again
pesuh operations under the lead of a we'll
known trader The shares rose IL. to sos.
closing Is below the highest price touched.
sugar was neglected, but shared i'm the gan-
erdl business, the common gaining a. and
the preferred Il. There was brisk coverin1
In the srangers, but the price did not au.
showing advances of only 4 in N~orthwesf.
ern and Il in Burlington a Quincy. Ds-
state Gas. Of d" S'"1 Boston, spaains- E wsy
tEis morning admitted to T me
fEsxHeSnaassge. a aea w9s de of the stock
OF S,-vv shares. opening at 30as. receding to
., advancing to ~ and closing at 5Is,.
= nose VINO were instrumental in having N
listed save out the point that a gas COM
pHe was impending in Boston,, but il is
DeileVed that the trading in the stock was
Sohnned TO the insiders altogether. The
dealings In the rest of the list were lignt
anu fractional advances were made. The
market closed strong.
On the week the changes are pretty
evenly divided on both SIDES of the marker
lie principal advances are: Chicago Gas.
az 81 Paul, Minneapolis & Manitoba. 3ls:
ADAMS Express, 3; Reading. "a: ConsoIi-
Gated Gas, 2l2; Burlington x Quincy. To-.
Western Union and Starch seconds prs,
TERED, IS In the list of declines are:
sugar, ga; r, G, G. & ST. l.. 2i5: Cordage
l;sc; Louisville & New Albany. Ia. RaGf
more & Ohio and Louisville e NsshvTia
.; Louisville * New Albany. IA: Raiti,
cent. PEI
Inc bond market was firm and fairly No.
I've the total transactions being $50 Onl
Inc market has followed the share snscn-
iatlon pretty closely during the week. and
tie result of the trading is thar sbo,,, az
many declines have been made as adj
yances- The principal gains are: Toledo
x Ann Arbor and Cadillac tirsts AZ.
Louisville & Nashville general sivos az
peclines-kings County Elevated firsts
per cent; ST. Paul second sevens d..
Wheeling x Lake Erie firsts. Wheelinp a.
vision. 4; United States Cordare irsrs
Consumers Gas of Chicago and Norfhern
Pacific registered certificates. 3
The following table. prepared by James
e. Ferry. Room 1e. Board of Trade shove
the range Of quotations:
Open High Low Clos
nm rn~ -