The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-05-22
STOCKS MORE ACTIVE
HEAVIER TRADING ON NEW YORK
'CHANGE THAN FOR MONTHS.
Sugar Trust Sold Down and Big
Losses in the Grangers-Indfanap-
oils Grain Strong and Lively.

At New York. yesterday, money on call
was easy at / per cent.
Prime mercantile paper, 21S05 per cent
Sterling exchange was firm, with actual
business in bankers bills at s4.SSs4@Ls9 for
demand, and at s4.s74Q4s71s for sixty
days; posted rates. $4.SS14Q49O; commercial
bills. $4.Ss1kQ4s6z4.
Silver certificates, 64965c. Bar silver
closed at 62asc per ounce; at LonGon.
% 1-16d.
Total sales OF stocks were 315,0f shares,
American Sugar standing at the top with
1850; ST. Paul, 1920; Chicago Gas, $3.50;
Northern Pacific, preferred. 1900. and
Western Union, 1900. Trading was active
on the Stock Exchange yesterday from the
opening TO close. The aggregate trans
actions were larger than on any day for
months past, and more widely distributed
A strong tone characterized the opening
dealings. due to purchases for the foreign
account well as to firmness of Ameri-
can securities on the London Stock Ex-
change There good buying in all the
arbitrage stocks during the morning but
during the afternoon large percentage OF
these purchases were resold, which Re ped
swell the volume of the selling movement.
manipulated by the short interest The
hrst sign of weakness displayed was in
sugar, Which, aftet an advance of "a per
cent, broke rs on liquidating sales for
the account OF a belated bull, whom the
recent decline had forced to sell stock
he was holding for a rise The general list
sympathized with the depression In Sugar.
and declined Aq1A per cent A quick rally
ensued. In which the greater part of the
losses were recovered. An advance of y
had been made in Northern Pacific
preferred shares in the opening
on London buying and the break from
the top figure was per cent. Before noon
Northern Pacific preferred had rallied IL.
and the other shares which had receded
made fractional recovery. After midday
prices advanced for nearly an hour, the
improvement ranging to IL. About O'Clock
the upward movement was checked. and
decline of Il to PA was established Be
fore o'clock a fractional rally took place
which was of brief duration, and under re-
newed selling prices again sought a lower
tone as'er Geliyery hogr an improved
4, Northern Pacific preferred IA, and other
shares a fraction Sugar came into good
demand TO cC-er short contracts, and rose
TO 96A. gain OF from the low point of
the morning, closing at reaction of u,
making an advance on the day of liz.
Some few OF the specialties were weak in
the nnal trading, but the general market,
although lower than Saturday, closed firm
chicago Gas showed an advance of 15s
United States Cordage Ia and National
Cordage. rs The greater portion of the
list IS down as compared with the last
prices OF Saturday. Evansville & Terre
Haute is off AS; Louisville & Nashville
81; Alton & Terre Haute and Interior Con-
duit "a; Northern Pacific preferred, 21s
Nickel-plate firsts preferred and PuIiman
ST. Paul preferred and Cotton Oil preferred
112; Delaware, Lackawanna and Long ISL
and Traction, II; Rock Island, rs. and
Chesapeake & Ohio, c., c., c. & St. L.
Edison Electric, Manhattan. Kansas &
Texas preferred, Mobile & Ohio. National
Linseed and Oregon Short-line, l. General
Electric and ST Paul & Omaha are I'M
changed on the day.
The railway and miscellaneous bond mar
ket was weak throughout the greater por-
ton of the day. but some of the issues
traded in recovered sharply in the final
dealings. The material changes are: De-
clines-Peoria, Decatur & Evansville. Ev-
ansville division frsts, 5; Evansville d.
vision stamped. 1; Erie second consul trust
receipts and Hooking Valley fives. each 2:
Chicago & Erie firsts. ia; National Starch
firsts. IL: Reading third preferences and
gon Short-line skies. IA; Louisville & New
trust four-and-a-halfs, Richmond Terminal
stamped skies, each l per cent. Advances
Fort Wayne & Chicago thirds, New York
Central coupon frsts and Northern Pacific
firsts registered, eacn per cent.
Government bonds were firm. State bonds
were inactive.
The following table, prepared by James E.
Berry Room 16, Board or Trade. shows the
range OF quotations: