The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-03-29
INCREASED ACTIVITY
Belief in SeigniOrage Bill Veto
Causes Demand for Stocks.
The Bond Market Opened Firm and
Closed StrOng-IndianapO Grain
in the Same Old Rut.
AT New York, yesterday, money on call

At New York, yesterday, money on call
was easy at L per cent
Prime mercantile paper, S@51z per cent.
Sterling exchange was dull with actual
business in bakers bills at $4SSGI4 SsI4 for
demand and at AS6%G4S7 for sixty days;
posted rates. $4S71zGD4Ss and .4S9a4 s91z;
commercial bills, $4s504s6A
Silver certificates. 5S7sd59Ikc Bar silver
closed at 59lsc per ounce; at London, 271sd.
Total sales Of stocks aggregated 16S,9OO
shares There was slightly increased activ-
ity in the stock market yesterday, and the
transactions We're more widely distributed
than usual. The buying for the London ac-
count was feature Of the early dealings,
the purchasers being confined to par
ticular stock, but including all the arbi-
TRACE shares. St. Paul and enion Pacific
being, however, the favoritss of the for
eign contingent. 1t is gensrtlly accepted
On the street that this large buying by the
foreign contingent was induced by the be-
lief. which approaches certainty that the
President will veto the seigniorage bill.
The grangers were In good demand, except
Northwest. and closed at the highest
point touched, with the exception of Rock
Island. which lost u In final sales but
gained y per cent. compared with Tues
days closing. Burlington made a similar
Improvement, and st. Paul shows an adj
vance of r. There were sales of the lat
ter on reports of damage to the crops
but these were counteracted by the strong
London buying. In Delaware & Hudson an
advance of per cent was made, of which
= was lost in the final dealings. OF the
industrials, Sugar led in the transa ctions
ana was heavy during the morning, owing
10 the reported decentralization of the refin-
ing trade, and under sales for both long and
snort accounts a decline Of u was record
ed all or which was subsequently recov-
cred on purchases to cover short contracts
but at the close reaction OF IA was made
American Tobacco declined / per cent i'm
the opening dealings but quickly rallied,
selling Up Y per cent, losing II in the last
sale, American Tobacco preferred declining
l. American Cotton OIL was strong selling
up rs and losing half OF the Improvement.
The preferred gained Us, closing at the
best price made. bull pool in Lead moved
the preferred forward 3ss, and the common
advanced q. Compared with TUESDAYS
hnal sales. the appreciation in values ex-
Guiding the stocks already mentioned
ranges from u TO rs.
The railway and miscellaneous bond mar
closed up very strong, the Atchison and
Kansas x Texas issues being bought heav-
lily Tor the London account. The principal
s1anges In prices are: Advances-Peoria
onds; St Louis & San Francisco fives and
81. Paul Nj. a NJ. conSol skies each q
Belleville & Southern Illinois frsts North,
ern Pacific consol fives, 12s. and Atlantic
Valley fives. Ia. and Missouri Pacific COZ
lateral trust hves, per cent.
Government bonds were firm and State
bonds were quiet.
The following table, prepared by James
T.. Berry. Room 16. Board OF Trade shows
the range OF quotations: