The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-02-10
TRADERS ARE LEARY
Disposition to Hold AlOOf from
Trading in Wall Street.
Bradstreet's Says Declines in Wheat and
Silver Are Unparalleled in Severity
Local Grain Flat.
At New York yesterday money on call

At New York yesterday money on call
was easy at 1 per cent.
Prime mercantile paper, 314451s.
Sterling exchange was dull. with actual
business in bankers bills at &.S5kG4SGA
for demand and at ~A.sflka4S4s4 for sixty
days; posted rates, $4S6a4SS; commercial
bills. A~-SSIzGl4S3&.
Silver certificates. 6is4641kc. Bar silver
closed at 63kc per ounce; at London. 29Ad.
Total sales Of stocks yesterday amounted
TO 1901 shares. The stock market is suf-
fering from general lassitude and moves
with hesitation upward and downward.
There seems 10 be no settled plan oil action
and no regularity OF movements. While one
set OF stocks advances another is going
down. Yesterdays trading. if Sugar and
st. Paul be excluded, was barely sufficient
TO make a market, and some of the usual
~ active stocks were scarcely noticeable in
the dealings. AT the opening the market
was firm.
The railway and miscellaneous bond mar
ket was strong all day, the leading changes
being: Advances Louisville & Nashville
hves. 3; Hooking Valley skies. pa. New
York & New England sevens sold at 1892
against 1141z on Oct. %. Richmond & Dan
vile fves sold at 691z. against 60 on Jan.
"a Government bonds were strong and
State bonds were dun.
Bradstreet's financial review tomorrow,
will say:
The feature Of the past week in Wall
street has been the apparently increasing
liability Of the market 70 respond to infiu-
ence5 which, under normal conditions,
would create decided movements In values.
the developments or great Importance
have not, however, transpired and the mar
ket has simply retained its inert and in
different attitude. The declines OF wheat
and silver, though unparalleled i'm their Sc
verify, have been practically diSregarded.
Speculative interests, IL is true, have taken
a very unfavOrabie view OF the effects Of
the formers movement on the fortunes of
Western railroads, and il might also be
added that professional bears and room
traders endeavor to take advantage of the
circumstances by selling the granger stocks
and the trunk-line shares, as well. The
operations, however, were on q limited
Scale and seemed to have no other effect
than to increase the already extensive
short interest in the market. The note
worthy fact regarding the speculative sit
uation Is, indeed, that despite the restricted
and discriminating character OF investment,
demands for securities and the lack of pub
lie or European interest in speculation,
there Is little or no pressure to sell stocks
except tina originating with the profession
al bears themselves. The latter, conse-
Quently, though disposed to put out shorts
seem to discover that such activity simply
results In dangerous augmentation of their
outstanding contracts. y movement I'm Chi
cago Gas was due TO a local attack on the
corporations constituting the organization.
Europe has taken no interest, though h lit
tie buying OF Erie came from that quarter
on the report of an adjustment of Cbjec-
tons to the reorganization plan.
The following table. prepared by James e
Berry, Room 10, Board or Trade. shows the
range of quotations..