The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-04-10
THE INDIANA TRUST CO.
STOCKS ADVANCING
Firm and Active Market with a
Stronger Tendency.
At the Close Most of the List on Change
Showed Gains-IndianapOlis
Grain Lower.

At New York yesterday money on call
was easy at l per cent.
Prime mercantile paper. 3d5h per cent.
Sterling exchange was firm. with actual
business in bankers bills at $L.SShG4.SS5R
for demand and at $4.S7a4S7A for sixty
days; posted rates, A.SSa4.S9h; commercial
bills. $I.S6AqIS61z.
Silver certificates. 61%c. Bar silver closed
at 62Ac per ounce; at London. 2S%d.
Total sales Of stocks amounted to 15i.542
shares. The week opened on the Stock
Exchange with a firm tone to the specula-
ton and in most cases the first prices made
were a fraction above the closing figures of
Saturday. During the morning the trading
was fairly active. and except for some of
the specialties the market was steady to
strong. During the afternoon the volume of
business was light and the dealings were
Irregular. the market closing dull but fairly
steady with a majority Of the shares traded
in showing an advance on the days trans
actions. Chicago Gas was most prominent
in the dealings. and was sold sharply at the
opening on a report that the decision of the
Encouragement of Illinois in the quo war
ranto proceedings would be against the
company. After a decline of "a per cent.
supporting orders were received, resulting
In a recovery of g, followed by a reaction
OF y and a final rally of Is, making a net
loss Of IS per cent Sugar was second in
point Of activity. Opening y higher, it sold
up lis additional on purchases induced by a
belief that possibly the tariff bill may not
become a law, on which contingency the
Sugar company would make large profits.
A goodly proportion of the buying Is said
TO nave been for insiders. Later in the
day realizationS and a small bear raid
caused a reaction of "a. the closing being at
a rally OF -, the gain on the day being u
psr cent. The grangers were only moder-
ately active, advancing a fraction in the
morning and r~eacting during the afternoon.
burlington * Quincy showing a decline at
the close Of y. Rock Island u. Northwest
ern being unchanged for the common and
/ per cent higher for the preferred. St.
Paul made a gain OF Il and St. Paul pre-
ferred 3 per cent. There was good buying
of Terminal third assessment
paid. the stock advancing x per cent. and
closing at the highest point touched. The
purchases were induced by reports that the
reorganization of the company would short
~ be completed. Despite unfavorable adj
vices from Boston to the effect that assess
ments OF 10 per cent. on the common and
20 per cent. on the preferred stocks would
have to be levied on New England under a
reorganization plan. these shares rose q
per cent, closing within Il of the best price
made. Cordage preferred declined - and
then advanced 2l2. National Starch first
preferred advanced . per cent. to 81. and
reacted la. The other leading advance was
IL I'm American Tobacco, common and pre-
ferred. In the list OF declines are Delaware
x Hudson. Mobile * Ohio and Toledo, Ann
Arbor * North Michigan each | per cent.
The decline In the last~named stock is said
to be due 10 sales of stock which had been
bought before the closing Of the books for
use at the coming election.
The bond market was strong throughout
the day for most of the securities dealt in.
Government JOndS were firm. State bonds
were inactive.
f Berry. Room I6. Board of Trade, shows
the range OF quotations: