The Indianapolis journal., 1894-01-23

At New York yesterday money on call
was easy at l per cent, closing at / per
cent
Prime mercantile paper. 31kd5h.
Sterling exchange was dull, with actual
business in bankers bills at $IS61AG4 862.
for demand. and at $4S5a4S5A for sixty
days; posted rates. S4.SSq4SS; commercial
bills. $LS3@4G4S4
Silver certificates. 65c. Bar silver closed
at 66c per ounce; at London, 3O14d.
The total sales of stocks amounted to
2l7,G00 shares. The feature of to-day's stock
market was the speculation with Sugar
shares, which were actively traded in. A
selling movement organized at the
opening of business. based on the belief
that the tariff debate In the House would
demonstrate that the sugar refiners had
little to hope for in the way of protection.
The first price made showed a break of
2h In Sugar preferred and Il in the COM
mon. followed by a further decline of "
IN the latter. Insiders then began to buy
and a recovery OF q was made in the pre-
ferred and 1 per cent. in the common
which induced fresh drive on the part of
the short interest. specially directed against
the common, which receded IA, the pre-
ferred dropping y. The debate in Congress
not taking the turn anticipated, being de-
NCIeu mainly 10 the bounty question:, tne
bears grew frightened and began TO cover
their purchases. supplemented by other
buying, rallying the common 1B. and the
preferred y. with a final reaction of ) in
the preferred and q on the common.
The general list was weak at the opening
Tobacco. which was down rs. London was
IN the market as a seller of st. Paul, Atch-
iSon, Louisville * Nashville and Union Pa
nc, and the London market for American
securities weak, assisting the depres-
sion in this market. The early trading was
heavy. but, some good buying orders COM
ing in from the West in Chicago Gas, from
Philadelphia in the grangers, and from Bos-
ton in Atchison and General Electric, the
and prices generally recovered the early
loss, while in some instances a higher
range OF quotations was established, nota-
g and sold up III. Evansville & Terre
Haute advanced / and the general list 1Is6
rs. Me grangers being prominent in the
O'CLOCK mainly due TO the dullness which
prevailed and the lack of supporting orders
ness. recording total decline of per cent
from Saturdays prices During the sue
firm on a small volume of business, and
values appreciated sal per cent except
for New York Chicago & st. Louis, which
fell OFF per cent, but subsequently recov-
cred the loss brief period of depression
about 1910 a M was followed by an up
ward turn, In which the specialties were
most prominent, and later by a decline
which was led by Rubber Rock Island and
Canadian Pacific After delivery hour the
speculation again became firm and held
this tone to the close. the final sales being
made at an advance on the closing figures
OF Saturday In a majority of instances the
most notable Of which are l per cent. i'm
New England, Illinois Central, Louisville
q New Albany, Kansas a Texas Oregon
Improvement and Duluth. South Shore &
Atlantic: Us in 81. Paul & Duluth 114 in
Colorado Fuel and Iron and 15s in Norfolk
& Western preferred. The shares which
show the most marked decline are Rubber
1%: Pullman, Ia. and American Tobacco
and Colorado Coal and Iron. 1 per cent
Wells-Fargo sold at 124, decline of per
cent.
The railway and miscellaneous bond mar
ket shade easier during the morning
but was strong throughout the afternoon
and TO the close. Government bonds were
strong. State bonds were inactive
The following table. prepared by James e,
Berry Room 16. Board ofsTrade, shows the
range of quotations: