The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-05-24
STOCKS In DEMAND
HEAVY TRADING AND BETTER
PRICES RULING on 'CHANGE.
Few Bear Drives Acted as Temper
ary Checks Only-LocaI Grain
I'm Active Demand.

f. AT New York, yesterday, money on call
was easy at l per cent.
Prime mercantile paper. 2izQ4lz per cent
Sterling exchange was steady, with &C
tual business in bankers bills at 81. sss4 Q4.Ss
for demand and at $.S713q4s7$4 for sixty
days; posted rates. sIssl1@4so: commercial
bills. $4-s61zQ4s6s4.
Silver certificates. 64Q65c. Bar silver
closed at 621sc per ounce; at Londan, 2s1zd.
Total sales Of stocks amounted 10 3l0,-
ass shares. with American Sugar 1880, Chi
cago Gas 42.700. and ST. Paul 1900. The
share speculation yesterday was generally
strong and decidedly active. Reactions, due
mainly to realizations of profits took place
at intervals. and there occasional
bear drive which sent the prices down tenn
porarily,- but there were buyers in all the
stocks offered. and after each decline came
a rally which established higher range of
prices. Exceptions to this rule were found
in some of the specialties. which moved
erratIcaly. and in a few cases recorded
declines on the day. London was pnr-
chaser in round amounts of the arbitrage
stocks. chiefly of St. Paul. Louisville &
Nashville, Union Pacific and Atchison. Chi
cago was also a heavy buyer of St. Paul,
supposedly for the account of prominent
railway men in that city, who anticipate
good results from the meeting of the rail-
way managers to be held in that city to-
morrow. The general market was helped
upward by the expectation Of a settlement
OF the rate question for some time 10 come
by this conference. and the bulls used the
meeting for all there was in II, ard per-
haps more. Sugar was again taken in hand
by the clique and moved upwards on re-
Forts from Washington that the Senate
would very shortly pass the tariff bill with
the clause protecting the refining interest,
and that the House would accept the Sen
amendment. Rumors that the coal
strike was approaching a settlement al
iected the shares Of the anthracite roads
favorably. Chicago Gas was bought by
insiders on the belief that thera Will be no
further efforts TO interfere with the pay
Tnent of the dividend. The Cordage shares
were in request on statements TO the effect
manufacturers outside the trusts to main
tain prices All the influences affecting the
market -w-re read in favorable light by
was upward During the afternoon the buy
ing was at times very strong but in the
final dealings realizing sales caused a gen
eral reaction and the market clos easier
at decline OF Aa1S from the bea rices
preferred. cordage. G.. c.. c. & ST. l.,
Louisville & Nashville and Iowa Central
pared pared with tuesday. the final sales show
Ing an improvement of 3l In Sugar, 31s in
Rubber preferred, ss in Wheeling & Lake
Northern preferred. pa in United States
Cordage The chief shares which show a de-
Valley preferred S1z. and Chicago & East
ern Illinois preferred. 2l1.
The bond market was a tr1f1e heavy DUR
ing the morning. but became strong in the
afternoon and closed at the best of the day.
Peoria & Eastern firsts and st. Louis
Southwestern seconds advanced 2; Reading
first preferences. IL. and Chicago Gas
frsts Ia Louisville & New Albany con-
soils fell off s; Baltimore & Ohio South
western income firsts. series Il. So; Erie
second consols 5; Erie consols, gold sew
ems 21z and Chicago & Indiana Coal fves,
Q Government bonds were steady and
State bonds were dull.
The governing committee of the Stock
Exchange has placed the following securi-
ties on the stock list: Engraved certifi-
Gates OF deposit on the Manhattan 1Iist
Company for deposits of the, New York &
New England common stock; Norfolk &
Western. 100000 additional Preferred
stock, making the total listed S5O,OOOOoO;
New York Security and Trust Company
engraved certificates of deposit for the.
Spokane & Palouse Railroad Company
first mortgage bonds 10 the amount OF
si072 900; Louisville & Nashville. S7S,0O0 adj
ditional unified fifty year four-per-cent-
gold bonds: Cleveland. Cincinnati Chicago
e ST louis, s3.417000 additional first coll
lateral trust four-per-cent- gold bonds;
New Orleans 4 Northeastern railroad. $780,
600 prior lien six-per-cent gold bonds; Har-
vey Fisk e. Sons engraved certificates OF
deposit of the Evansville & Richmond Rail-
road Company.
The following table. prepared by James E.
Berry Room Is. Board OF Trade. shows the
range of quotations: