The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-11-29
The Indiana Trust Go.
OFFICES S. Meridian st.
Capital. OOO
BANK LOANS CALLED
NEW YORK SPECULATION AFFECTED
by THE BIG bond PURCHASE.
Tendency Of the share List to Lower
Prices-Dull at Indianapolis Pre-
cedfng the Holiday.

At New York. yesterday. money on cal
was more active at 1Q2 per cent. last loan.
td2. closing 1Q2.
Prime mercantile paper. 2z95 per cent.
Sterling exchange was firm, with actual
Business in bankers bills at A.SlzaI.s7A
for demand. and at AssA@4.s61s for sixty
days: posted rates. sf.S7Q4.s712, and A.SSQ
f-ss1z: commercial bills. sa.s5h@4.Sh.
Silver certificates, 621sc bid. Bar silver,
SAC. Mexican dollars, soc. The London
silver market Is in a state OF collapse. The
quotations of bars was 2s%d, which show
a decrease of I'D from Tuesdays closing.
The cause of the recent fall and weakness
Is the reported large japanese purchase of
war material for which Japan is said to be
creating bills on the East, thus diminishing
other forms Of RENTING.
Total sales Of stocks were 21S,072 shares,
including American Tobacco Company, p
800; American Sugar. 6l.3o; Burlington. 49,
800; Chicago Gas. 1880; Distilling. 500;
Erie. 5000; Manhattan, 300: National Lead
Company. 5000; New Jersey Central, AGO;
Northwest. $500; Reading. 1000; Rock ISL
and. $500: st. Paul. 2.yJ0; Western Union,
$500.
The share speculation was heavy in tone
and the tendency In prices downward. yes
terday. except for about fifteen minutes
after the opening and about three-quarters
OF an hour before the close. The grangers,
coal shares and industrials were most prom
fnent in the downward movement and the
selling therein was for both long and short
accounts. Reports Of decreased railroad
earnings caused a very unsettled feeling and
me hurry IN the call loan market due to
the calling in OF loans by some of the bank
ing interests connected with the bond syn
dicale assisted TO depress speculative values.
ket and the stocks attacked gave way
easily under the pressure OF offerings. In
the later dealings there was evinced a dis
position on the shorts to cover at the low
were effected. Shortly before the close the
iHis avemyeSs. Of Of the sugar hsPort rru 5sst had fT ordseed
a shut down or the company's refineries for
an indefinite period caused a sharp selling
q decline of Sh per cent. from the top price
Of the morning. A rally OF \ occurred at
the close. making the loss for the day 2hs
unfavorable trade reports, with only Y re-
covery. National Lead. after an early adj
per cent. Cordage preferred lost 1 per cent,
but made a full recovery IN the later trad
ing, Chicago Gas was sold heavily. it is
clined Us, with a final recovery of Y. Bur
ilnston rose u receded l5 and closed y
fell on IL and regained 4. Northwest
bottom price. Rock Island sold down / per
AZ - aACnAkd ScnLId DFOke
3 per cent, with a final rally OF y. The
pther leading declines on the day are: Pitts
burg, Cleveland. Chicago & st. Louis, Ia;
Lake Shore. is; Pullman and Delaware e
Hudson, Ia; Michigan Central, la; Tobacco
preferred. Reading and Leather preferred.
= Consolidated Gas made a gain of Pa.
and a few other specialties a small frac-
ton. Westinghouse asserting sold at 67A.
against TIL, the last preceding sale.
The bond market ruled heavy during the
day on restricted trading. There was no
pronounced activity in any of the issues
and final sales. as a rule. were at lower
figures. The total transactions amounted
20 S56000. the more important results of
the dealings being: Declines: Oregon I'M
provement consol fives, 81 per cent. and
Colorado Midland fours, 21-. Advances:
Chicago Junction and Union Stock Yards
dves, Pa per cent: Erie second conso,s sold
at 10Y, against T6f on Nov. IL, and Erie
Trust receipts sold at the same figure.
against "a on Nov. 10.
Government bonds firm for all the issues
and y higher for the ives. State bonds
were inactive and railroad bonds heavy.
United States hves. registered, were quoted
at 11S&. United States ives, coupon, 1884,
United States tours. registered. I15%
United States tours. coupon. 11534: United
States seconds. registered, 81; Pacific skies
OF 80, 102.
The following table. prepared by James
J.. Berry, Room is. Board OF Trade. shows
the range of quotations.: