The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-05-28
ADVANCES IN STOCKS
THE WEEKS RECORD SHOWS AN
UPWARD TENDENCY.
About Evenly Observation-Disclosures
lis Corn and Oats Active.

closed easy at / per cent.
Prime mercantile paper. 21k94lz per cent.
Sterling exchange was dull, with actual
business in bankers bills at S4SSA for de-
mand and at $i.s715 for sixty days; posted
rates. AsSza490; commercial bills. A.sshQ
4S6S.
Silver certificates. 64d65c. Bar silver
closed at 623sc per ounce; at London, 2S1sd.
The New York weekly bank statement
shows the following changes:
Reserve. decrease. s., S97. AS
Loans, decrease. ZS,zO
Specie. SS5,DW
Legal tender, decrease. 1,511.20
OeposltS, OBSERVATION-DISCLOSURES. 5sJoI,lV
(lrculatlOn, decrease. 5i,oU
The banks now hold s77. COZ. 700 in excess
OF the requirements OF the % per cent.
rule.
Total sales of stocks were los. ss1 shares
The speculation Saturday was irregular
and unsettled during the two hours during
which the Stock Exchange was open. A
fairly good business was done, which was
pretty evenly divided between the two ac-
counts. for the transactions were in the
main purchases to cover short contracts
and sales TO realize profits. Very few fresh
lines were put out ON either side. London
was not in the market 10 any extent, and
the weakness of American securities on the
Lonaon exchange mad a depressing lnfuence
the dealings, huctuating within a range OF
z per cent There was a pressure to sell
break of 1s per cent, but supporting or
ders coming in caused a prompt and COM
plete recovery. A renewal Of the selling
moyement. however. resulted in a steady
decline until a loss OF 2 per cent had been
experienced. which was followed by a re-
covery OF q, the last sale being made at
q decline of is on the day. Announcements
Llade with authority, both here and in Lon
don. that the next dividend in New York
Central due In June would be declared at
regular rate caused the shorts to cover
hastily in the early dealings and
the demand from this quarter was supplied
the stock sagged off TO the close. making
me granger shares were strong during
the nrst hour, and rose A41 per cent, the
vanced Ia. reacting IA. After an irregular
opening the general market became strong.
and the trend of prices was upward until
ment was checked. During the next hour
the speculation was rather feverish and
e ersi't it's tome Due y, and ihe elo nedi dfe airlYs sf feeSy-
Louisville & New Albany shows an advance
on the day OF 2Ac-
during the week, but on the whole the
tendency has been toward a higher range
of values. and as a result Of the weeks
higher values at the close than at the end
OF last week. the more important advances
eeing; Gas sue s1d s. Na sSgaT egossaTs !: Chi
cago Gas and National Cordage preferred,
3: United States Cordage, 4: United States
Cordage preferred, 5; Tobacco, 3%; Great
Northern preferred and National Starch
preferred, 8; Wheeling & Lake Erie pre-
ferred, rs; Chicago & Alton, Rubber and
Western Union, 2; Changers, 1hQ1Ss, and
Distiliing. IL per cent. The principal de-
clines were: Hooking Valley preferred, Sla;
New York. New Haven & Hartford, s.;
Evansville & Terre Haute, AS; Cotton Oil
preferred, 37s; b. & o. and Chicago & East
ern Illinois preferred, "a; Alton & Terre
Haute. pa; United States Express and New
2. and General Electric, Il per cent.
The railway and miscellaneous bond mar
ket was strong throughout the day, and
advances were recorded. Peoria & Eastern
firsts declined liz per cent. on the week.
The market has been firm for the more
active securities. but weak for some of the
usually inactive issues. The principal
changes are: Declines-LouisviI1e, New AL
bany & Chicago consols, 8; Peoria, Decatur
& Evansville frsts, Evansville division, s.:
Baltimore a Ohio Southwestern income
hrsts, series 3, and Louisville & Nashville.
St. Louis division seconds, 312; Hooking
Valley fves, 3hs. and Erie second consois
and Toledo & Ann Arbor firsts, 3 per cent.
AdvanceENorthern Pacific firsts, coupon,
31s: Northern Pacific 1rsts. registered. 3&:
Northern Pacific seconds, IL; Northern Pa
cifc thirds, 2%, and Northern Pacific con-
sol fves, u per cent
Government bonds were strong. State
bonds were inactive.
The following table. prepared by James z.
range or qrotations: 81
Omar Hob ON Cto-