The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-06-28
A ST. PAUL SURPRISE
Strength Felt Throughout the List on
New York 'Change-Indianapo-
zfs Grain Held Firm.

At New York money on call was easy
at 1 per cent
Prime mercantile paper. 2s.a41s per cent.
Sterling exchange was dull and easier,
with actual business in bankers bills at
1851 for demand and at sls74G4s7Is for
sixty days; posted rates, $4SS11d49O; COM
mercial bills. s4S6A.
Silver certificates. 64@65c. Bar silver
closed at 62izc per ounce; at London, 2s5sd
Total sales of stocks amounted to 154, l32
shares. The chief feature of interest of
the speculative situation yesterday was the
unexpectedly good showing made by ST.
Paul for the month of May, the net earn
anss being only $73.053 less than for the cor
responding month of 1895. 1t was thought
that the May report would show a loss of
over 100000. and when the figures were
published the effect on the market was
quite pronounced. and induced purchases,
not alone of st. Paul and the other
Srangers. but also of the list generally.
another favorable factor of the specula-
lion was the very small withdrawal of
gold for shipment to-day, being only $780,
W., ana tins. together with the reduction
below the figures at which the expectation
VI geld Is profitable. tended to impart a
bull side Of the market and stimulated COW
eIing on the part or the shorts. The Lon
man srk cables h came IN with reports of good
ana tnere was buying In most of the in
ia,ss,Tnational stocks for the foreign account.
ward movement in the railways, and some
u the industrtals came under the rule.
ONE otner stocks stocks OF this ,group were. how
pate In the general appreciation in
values. Sugar was notably strong on brisk
living. the bulk of the purchases being
'credlted to heavy operator who ..ad
covered his shorts and taken the other
side or the market. Washington buying
ORDERS were also on the board. and a re-
port was IN circulation to the effect that
the sugar schedule vas safe. The shares
rose 5ss per cent. to 1919, and closed with
Improvement In its business ST Paul sold
up lis. and retained the Improvement
10 the end; The other grangers were strong
IN sympathy with the leader Chicago Gas
was sold down rs during the morning
ON conflicting reports from Chicago as
20 me litigation in which the company is
ansoveu, put wnen II became known that
an agreement had been reached by which
the dinerences are to be arranged and a
legal settlement of the legal points az
issue arrived at the stock recovered the en-
market swung into the afternoon strong
ana moderately active. the improving ten
Ertces being made at an advance of IlG2
on Tuesdays closing figures.
Tie railway and miscellaneous bond
niarket was strong all day, the leading
changes being: Advances: Cincinnati. In
dianapolis ST. Louis & Chicago fours. 2Is;
Chesapeake Ohio four and halls
Louisville & New Albany consols / per
cent Declines. Chesapeake & Ohio, r. &
"A. division seconds. Louisville & Nash
Vile, n. & ID. division firsts and Indian-
apoHs, Decatur & Springfield firsts trust
receipts. q and St. Paul gold sevens. /
per cent.
Government bonds were steady. State
bonds were inactive
The following table. prepared by James T.
Berry. Room l6, Board Of Trade, shows the
range Of quotations: