The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-10-19
SPECULATION QUIET
SMALL BUSINESS o. 'CHANGE, WITH
TENDENCY TO HIGHER PRICES.
sus.r Led, but General Electric
1t OBSERVATION-DISCLOSURES
Markets About Steady.

At New York, yesterday, money on call
was easy at 1 per cent.
Prime mercantile paper. SAX per cent.
Sterling exchange was firmer. with actual
business in bankers bills at A-s!Aq4s7s
for demand and A.S6AQ 4.s7 for sixty days;
posted rates, 4.s71kG4sS and $LSs1za4ss;
commercial bills, A.s5A.
Silver certificates, $3.50 bid. Bar silver
closed at 6si4c per ounce; Mexican dollars.
5lAc. AT London bar silver closed at 2ssd.
Total sales of stocks were 125,421 shares,
including the following: American Sugar.
20. 700; Burlington. s.lOe; Chicago Gas. $500:
General Electric, $500; Rock Island. $500;
st. Paul. 1890.
The stock market opened and closed firm
and In the interim speculation was some
what unsettled. but prices. in the main.
were well held and, in a majority of cases.
the result of yesterdays transactions is an
advance in prices ranging from Is to 2ss. The
volume Of business was lighter than usual,
the trading being restricted by a renewal
of the talk OF impending gold shipments
due TO the hardening tendency exhibited
by the sterling exchange market. The Stock
Exchange bears prophesied gold shipments
on Saturday at the latest. but none Of the
banking houses which do this business
would state definitely that any gold would
go forward this week. The best opinion is
that sterling exchange must make a fur
Their advance to render exports at a profit
possible and that in any event the move
ment would be slight. The question was,
however, sufficiently doubtful to make in
tending purchasers cautious and yet the
short interest was somewhat timid to in
crease Old o. put out fresh lines on such
slender threads as a prospective gold ship
pms movement. Trading, therefore. was
limited to playing for points by the room
traders, except in some special instances.
Sugar took the lead in the transactions
opening at an advance OF q and immedi-
ss. a ' braaEg "a q i turn d@ownward touching
movement and having, apparently. reached
the desired low point the manipulators sent
1 witb,n STOCK 70 X up to sI5s closing it
yesterdays closing. the preferred gaining a
halt General Electric, which has not been
Pnrtculariy active for some time past. came
INTO prominence in the trading at the open
rapid succession. and then on sales Sale ' in Iiou n
datlon OF a long account. and also for the
erected. the bears finding the stock In good
supply and tammering it badly. The final
granger group st. Paul was most largely
dealt in. but luctuated within a q per cent.
rest of the list the trading was light. but
some of the specialties huctuated widely.
Inc Rubber shares were strong. the con-
mon. on purchases of seventy shares, adj
vancing rs, and the preferred, on pur-
cnases of 200 shares, gaining IL. Balti-
more q OHIO recovered l per cent. of
Wednesdays 81 per cent. break, and Pull
man showed an Improvement OF per cent.
Inc otner changes were merely fractional.
Inc bond market was in good tone
throughout the day, and most of the issues
Traded In recorded advances. The
trading was fairly active, the total sales
reaching s927. 500. The more Important
changes OF the day are: Minneapolis & ST.
Louis frsts sold at 131, against rs on Aug.
Il: Mobile & Ohio SKIES. 2; Cleveland &
Pittsburg sinking fund sevens, ~; Louis
Vile q New Albany general fives, Wabash
ing division, firsts, 1.
Government bonds were firm, State bonds
were inactive and railroad bonds were firm
me Following table. prepared by James
h Berry. Room 16. Board or Trade, shows
the range OF quotations.: