The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-05-26
STOCKS HELD STRONG
ACTIVE TRADING IN WALL STREET
AT ADVANCED PRICES.
Fluctuations I'm Sugar Trust the
Most Notfceabie-Nheat Ont OF
Sight at Indianapolis.

AT New York yesterday. money on call
was easy at per cent.
Prime mercantile paper. 2izd4Iz per cent.
Sterling exchange was steady. with actual
business in bankers bills at $4SsS4G4S9 for
demand and at slS7i4G4S7lz for sixty days:
posted rates. s4ss1zQ4SO; commercial bills,
sLs61kfi4 SEX.
Silver certificates 6406Jc. Bar silver
closed at G2l4c per ounce; at London, sid
Total sales OF stocks amounted to 2s5,s07
shares, including: Sugar, 1856; St. Paul.
$500. and Chicago Gas. 1900 Yesterday
was a duII day on the Stock Exchange,
and the result Of the days transactions
is that. with one or two exceptions the
active list shows an advance In prices. as
compared with the final sales OF Thurs
day. ranging from Il TO pa per cent. Chief
among the influences which brought about
the appreciation in values were the agree
ment TO maintain rates entered into by the
railroad managers at Chicago. the easier
tone OF the sterling exchange market and
the consequent cessation OF gold exports
The covering movement by the shorts was
quite pronounced in Sugar, the grangers.
Chicago Gas. General Electric. Missouri
Pacific and New York Central. There was
good buying, too. for the London account
IN ST Paul and New York Central. while
ana insiders were purchasers OF Western
Union. The fluctuations In Sugar were very
I dssl e the outside ranges being 9s'5P
decline OF Ia was made, followed by an
advance OF 35s, decline OF 2Ss. Improve
Inent or 81 and "A final reaction of Il, leav-
Ing gain on the day OF "a. very conf
dent tone characterized the trading in thess
snareS. the buying being credited mainly
10 the old Sugar pool, which acts as IL IL
was certain the tariff bill will go through
as amended IN the Senate. OF the grangers
~. Paul and Burlington a Quincy were in
most demand. and considerable blocks were
taken FOR the long account. in the belief
tnat increased earnings would result from
the settlement Of the rate question. The
general market opened firm and a shade
higher, ana during the first hour the trend
OF prices was upward. Then came a frac-
uonal reaction. after which the speculation
was fairly steady until about IL so o'clock
when National Cordage preferred broke IL
per cent aud Buffalo. Rochester * Pitts
burg. neither OF which stocks made any
subsequent recovery. Before noon the mar
ket had again taken an upward turn with
united states Cordage in the lead. but a
reaction soon took place. which was, how
ever. but slight and OF brief duration. and
during the rest OF the afternoon the trad
ing was strong in tone, with only oc-
caSIonal slight reaction. the closing prices
being at or near the best of the day. Adj
vances were established OF per cent in
United states Cordage, Ia in Baltimore &
and.
The bond market was firm in tone all
day. United States Cordage frsts were the
features OF the dealings. Opening un-
changed, at %. Cordage broke to 10 rallied
70 %. and closed at IS. The other leading
changes were: Advances-LOuisville New
Albany & Chicago firsts. 2, and Chesapeake
Ohio purchasing money funding skies
Government bonds were steady. State
bonds were inactive.
The following table, prepared by James z.