The Indianapolis journal., 1894-08-16
STOCKS LESS ACTIVE
THE MARKET IRREGULAR YEsTER-
DAY ON LONG LINES OF SHORTS.
Sugar Trust shares Gained Point
and DistiIIing Fell OR-Great slump
i'm Indianapolis Prices.

At New York money on call, per cent.
Prime mercantile paper. SG5 per cent.
Sterling exchange was dull and heavy
with actual business in bankers bills at
$+.SkG4S3s for demand and at $4S62s for
sixty days; posted rates. sLs71za4.SS and
81 ss64s9; commercial bills. $4s5A@4S515
Silver certificates 64d65c. Bar silver closed
at 65c per ounce; Mexican dollars, 5Oa4c. At
London bar silver closed at IS l5-16d.
The total sales of stocks 20S9O9
shares. including: Atchison. 1900: American
sugar. $500; Burlington, 10000: Chicago
Gas. 121OO: Distilling. Sl,7O0; L. & NJ. 500:
National Lead, 800; Reading, 400: Rock
Island. 5000; st. Paul, 1850: Western
Union, 800.
The stock market was very irregular
Even London was on both sides of the mar
xet. Speculation was less active than on
the preceding days of the week and the
aggregate transactions were less than Tues
days by some 10000 shares. At the open
ing heavy tone prevailed. due mainly 10
taking of the profits of the recent advance.
out the selling of long stock was supple
mented by the putting out of fresh lines by
the short interest, which has been largely
increased by the days operations. Sugar
rose "a at the opening. receded p, TO 107,
touched 10siz before IL o'clock, reacted TO
1915. moved up tc 1OS24 the best OF the day,
At about 1:30, sagged off to 1O75s closing at
1tsSl4. gain Of L per cent. on the day Dis
tilling was sold heavily on reports that the
company endeavorng to negotiate "A
loan of S,000.0O0 with which to take it's
whisky out of bond, and that 1t was meet
ing with difficulty in raising the money
Semi-of1cial denials of the story were made
but the stock declined steadily, touching
2ols. the lowest price of the day, shortly
after 2 o.eioek; being =, break OF 23s from
purchases TO cover short contracts caused a
rally OF IS. making the net loss IA Burling-
ton was sold by Boston and the West on
renewal OF the rumOrS touching the seal
ing OF the next dividend, recedng | per
cent. with final rally of Is Rock Island
loss of 2. from Tuesday. but of tx from The
top figures of the morning. when there was
an advance of 1 from the opening the
announcements. said 70 have come from
President Cable. that the regular dividend
would be declared next month. Louisville &
Nashville is down IA; Evansville & Terre
Haute, 2; p. c.. G. x ST. l.. preferred is
up 5i2: Pittsburg & Western preferred ~:
Kansas K Texas. Ia. apd Toledo * Ann
The bond list was strong and active. Ad-
: vances-Erie second consol trust receipts.
2ss; st. Louis & San Francisco general
SKIES 3I2; st. Louis x San Francisco cOnsOl
fours. 1; Utah Southern extension, 3: Allan
tic * Pacific fours, 212; Central Pacific skies
OF ~ and Hooking Valley skies. ?; Hooking
Valley fives. l; Richmond & Danville con-
sol skies. 10; Louisville & New Albany con-
soils IL; Illinois Central 313; Milwaukee,
Lake Shore K Western extension fives Pc
oria, Decatur & Evansville Seconds. Wis
co-isin Central incomes and Union Pacific
flrsts OF 80 1 per cent. Declines-St. Paul
Il. hves. la per cent: Toledo & Ann
Arbor frsts. 112; Atchison seconds, 1&s: Chi
cago & Northern Pacific first trust receipts
and Union Pacific sinking fund eghts. /
per cent.
Government bonds were steady State
bonds were inactive.
The following table prepared by James
II. Berry, Room 10. Board of Trade, shows
the range OF quotations: