The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-01-04
o C. WE'RE FIRM
DiScOuraging RumOrS Not Revived
and Bears Ran to Cover.
Advances i'm the General List Ranged
from Ia to 2 IL Per ~Cent.-Indi-
annapolis Wheat Higher.

At New York. yesterday. money on call
was easy at 1Q12 per cent. the last loan
being at ]. closing offered at 1 per cent.
Prime mercantile paper. 9tzQ5z per cent.
Sterling exchange was steady, with ac-
tual business in bankers bills at S4.S51hGs
ASA for demand and at SL.s3Q4.S4 for
sixty days: posted rates, $4.S41hQ4.S7; COM
uercial bills, A.S2ik9IS24.
Silver certificates. $3.50 bid. Bar silver
closed at 677sc per ounce.
Total sales of stocks amounted to 222. GOO
shares. At the opening of business at the
Stock Exchange. yesterday, an attempt
was made by the shorts to depress prices,
which was partially successful in the early
dealings. The bear campaign was not.
however. of long duration. for the condi-
tions did not seem to be entirely favora-
bic. and many of the shorts turned tail
and began to cover when they found that
the market was strongly supported. Tues
days disquieting rumors were not revived,
and the air seemed to have cleared by the
announcement that the Holland Trust Com
pany. the financial institution which Tues
days rumors referred to going into liqui-
dation, had assets to meet all it's obliga-
lions. The weakness of the London mar
ket for American securities was a factor in
the early depression. and there were sales
OF st. Paul for the London account, which,
however, caused a decline in these shares
Of only 1 per cent. which was soon recov-
cred, and the final sale was Il above Tues
dhy's close. Sugar was most actively
traded In, and after an early advance of
e per cent. was attacked and forced down
rs per cent. but the stock was strongly
supported from the inside, and quickly rail-
ind on good Hrpfnn arroot 11oI -
which was to cover short contracts, the
result being an advance of 3A, of which
only Il was lost at the close. Sugar pre-
declined Y in the opening trading and then
took a sharp upward turn on heavy pur-
chases, said to have been for the account
or an inside pool. The advance from the
low point OF the morning was 2As per cent.
DiStillfng huctuated within a margin of "a
per cent, closing Is below Tuesday. It was
sold pretty freely during the earlier part
or the day on the ways and means commit
tee recommendation TO tax spirits i'm bond.
but on the general good feeling in the final
full loss. AtchiSon was strong on London
buying which induced home purchase and
The general market was weak at the OPEN
Ing and reacted a fraction i'm the open trad
ing, put quickly rallied and an advance of
In Reading. Before IL o'clock, a reaction
OF to 1 per cent. had been effected.
which was more than recovered within the
Following half hour. Then came a slight re-
dictionary movement. but the market swung
into the afternoon with a steady gait which
gained In strength and with an occasional
reaction brought prices up TO the highest
point OF the day in the final dealings. The
market closed strong at an advance of "A
To "a compared with Tuesdays final sales.
The bond market was heavy during the
morning, but was strong in the afternoon.
the feature being an advance OF A. per
Gent. in Louisville & New Albany general
fves, to 81. Government bonds were steady.
State bonds were inactive.
The following able nreparRn nv To 7.
Berry. Room 10. Board of Trade. shows the
range OF quotations: