The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-05-07
SUGAR THE FEATURE
Half the Business on Change i'm
the Leading Trust Shares.
Changers Not Largely Sought After
indianapolis Board Trading
Shows Some Activity.

~ z 1OIhs 0dluludJB AOAI OA N0ll
was easy at 1 per cent.
Prime mercantile paper, gas per cent.
Sterling exchanges was steady, with ac-
tual business in bankers bills at S.SszQ
ass for demand. and at $4s7Aq4S7ia for
sixty days; posted rates. A.SShQ4SO; COM
mercial bills. s4.s6H@4s6k.
Silver certificates, 64465c. Bar silver
closed at $3.50 per ounce; at London, sd.
The New York weekly bank statement
shows the following changes:.
Reserve, decrease.-..-..--......-.s $500. 800
Loans. ,z5y, $40
6pecle, 6li,SO
Legal tenders, 1850
Deposits,
Circulation, decrease 44,30)
The banks now hold $50, sos, $50 in excess
OF the requirements of the % per cent. rule.
The banks gained, during the week. by the
interior movement, 1851, 900 in gold and
legal tenders and lost by gold exports and
subtreasury operations. $3.5OO,O00. making a
net gain of $s57.OO0.
Total sales amounted to 103, 213 shares.
The speculation on the Stock Exchange.
Saturday, was monopolized by the indus
trial group, almost one-half of the trans
actions being in Sugar. OF the railway list.
Atohison was most active, but was traded
in only TO the extent Of $500 shares. while
the dealings in the grangers footed less
than 5000 shares. The only interesting
feature in the market was Sugar. which
was pressed for sale at the opening to re-
alize profits Of the recent advances. OPEN
ing Is higher. the price broke L per cent,
when supporting orders caused a recovery
OF the entire loss. and then the stock was
other s'G reaIizin pnul MOVEMENT aI,sr o %as them
started which sent the figures again
on the downward track support was lack
Ing. and very soon stop orders were reached,
causing a break that was not checked until
q loss OF al per cent. had been experienced.
Some of the shorts who did not care to
leave their lines out over Sunday began to
cover at this point, and their purchases
caused a rally of ~ per cent. the closing
sale being at a decline OF 2s per cent Sugar
preferred rose Il at the opening and de-
clined La, making a net loss Of ~ per cent.
There were rumors on the street that per-
haps the settlement of the sugar schedule
of the tariff bill in the interest Of the re-
finers might not be so easy as anticipated.
end that some further complications were
likely to occur. The other industrials sympa-
thized with the weakness Of their leader.
Dlstiiling declining rs per cent. to 2s'
The final sales were in better tone. the
stock recording a recovery of u per cent.
Of q per cent. National LEAD. which gained
Is in the early trading, receded 1 per cent,
recovering u per cent Tn rest of the trust
stocks We're not dealt In TO any extent. and
merely lost hQA ON the day. The period
of greatest depression was after half past
IL O'clock, but a slight rally took place in
III 1870 NaANoo $3.50 49, NAOocN
fairly steady.
The share speculation during the week
was irregular and unsettled, and the last
prices made In a majority of cases are be-
low the closing figures Of Saturday a week
ago. the more notable declines being: New
York & New Haven, 2; Wheeling & Lake
Erie preferred, 2h; New England, 2s
Reading. 2a. and New Jersey Central. 2h.
The shares which gained 2 per cent. or over
are St Paul, Minneapolis & Manitoba, 4
and Sugar, "a.
The BOND market was dull and without
important change, except that Manhattan
consul fcurs declined IA per cent. The
general tone of the market was firm. The
principal changes on the weeks transac-
lions are: Declines-Erie second trust re-
ceipts, ~; Union Pacific collateral trust
Z per cent, and Reading first preferences
4; Reading seconds and thirds, pa, and
Reading thirds convertible. 2lz per cent
Advances-Missourt Pacific thirds, Peoria
Decatur & Evansville hrsts, Wheeling &
Lake Erie fives and Louisville & Nash
vile and New Orleans & Mobile seconds,
8 per cent
Government bonds were quiet. State
bonds were inactive.
h following table. prepared BY James e.
Berry, Room 16. Board Of Trade, shows the
range OF quotations: