The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-09-02
THECLIQUE
SUGAR FALLS TO A POINT 10 PER
GENT. LOWER THAN A WEEK AGO.
business on Change Quiet, with the
Volume Small-Indianapolis
Markets Dull.

At New York, Saturday, money on call
was easy at / per cent.
Prime mercantile paper. 3d5ls per cent.
Sterling exchange dull. with actual bust
ness in bankers bills al S4.S61a@4. S6A for
demand and A.s5l4Q4s54 for sixty days;
posted rates. s4.ssG4s7 and Aas7g4.Ss; COM
mercial bills, s4.S41aQ4.s444.
Silver certificates. 65sic bid; no sales. Bar
silver closed at 65Ac per ounce; Mexican
dollars. 52&c; at London. 3OAd.
The New York weekly bank statement
shows the following changes:
Reserve, $s97, S25
specie, increase. 443, coo
Legal tenders. decrease. LBS, 500
Deposits, lSS, 100
S4rcuiauon, 2o,lD
The banks now hold 500, $40, SIS in excess
of the requirements Of the % per cent. rule.
Total sales of stocks were S2,9S shares,
including: American Sugar. 34.4OO; Atchison,
100; Chicago Gas. $500: Burlington, 1900:
Distillers, 1900; Louisville g. Nashville, 81
40; Northern Pacific preferred, 3,400; Read
ing, 1,3O0, Rock Island. 1000; ST. Paul, A.
500; Western Union, 400.
Trading on the Stock Exchange was light
during the two hours Saturday, Sugar be-
ing the only stock which displayed any
thing like activity. and the dealings there
in were less than the usual volume. A
raid was made on Sugar at the opening,
which forced the price down 1ss. to 1925,
which Is just 10 per cent. below the fg-
b besaw current fbe Si a week ago and ~ per cent
me STOCK having sold up to 114h on Aug.
II There was nothing new in the situa-
ton a1ecting the sugar interests which de-
Veloped That would account for the decline,
and II can only be ascribed to the manipu-
iationS OF the clique There was a full re-
cOEefV In the LATER DEALINGS fn1fnuuoJ hu
a reaction of II per cent. which repre-
sents the loss on the day. Chicago Gas
transactions exceeded 5000 shares. 1t re-
corded a decline of u per cent. with a
final recovery Of * Northern Pacific pre-
and sales TO cover short contracts. 1t is
said there is a very large outstanding short
interest in this stock. to which fact is as
cribed Its strength. Louisville & New AL
bany broke from 29S to rs on one sale of
a hundred shares. In the rest of the list
changes made were in the direction of
higher figures On the week the move
tendency was In the direction of lower val
ues- The principal changes are: Declines
Sugar. . per cent; Cordage preferred, s;
Lead preferred. 3; National Starch first pre-
ferred, Manhattan, Consolidated Gas, Chi
caEo & Eastern Illinois and TOBACCO, 2.
Northernn Pacific Preferred. sg; louisville
g 4NdSHNliAc, IS, lOicuO On onlO 1titldi
21s.
The bond market was strong on a mod
crate volume of business with the North
ern Pacific issues the feature. The sec
onds sold up 3 per cent. Chesapeake &
Ohio four-and-a-halfs advanced Ia. The
market was generally strong during the
week. and although there were some de-
clines prices i'm the main have moved up
ward. The principal changes are: Louis
vile & Nashville. New Orleans & Mobile
seconds advanced 10 per cent. New Or
leans & Mobile collateral trust fives. AZ:
Northern Pacific seconds. thirds and ter
minal firsts. 5; Lehigh Valley of New York
firsts, 3ss; Chesapeake 8 Ohio four-and-a-
haifs, 2ss. and Fort Wayne & Chicago
firsts. 2ia. Declines: Louisville & New AL
bany general fves, l per cent: Erie collat-
eral trust skies. 3A. and Evansville &
Terre Haute firsts. pa.
Government bonds were steady except for
fves. which are weak. State bonds were
inactive.
The following table. prepared by James
f.. Berry. Room 10. Board of Trade, shows
the range OF quotations.: