The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-09-14
TRUST STOCK ACTIVE
VARIOUS INFLUENCES AT wOaI1 ~
BOTH SUGAR AND WHISKY.
With Few Exceptions the share List
Was Hammered Doyvn-Indianap-
OILS Markets Sluggish.

At New York. yesterday. money on call
was easy at / per cent.
Prime mercantile paper. sa5k per cent.
Sterling exchange was frmer. with
actual business in bankers bills at 1850
4S6A for demand and sl.S5d4s5A for sixty
days; posted rates. $.s5hI4s6 and sis7;
commercial bills. 4.s44d4Srz.
Silver certificates. s3%c bid. Bar silver
closed at $3.50 per ounce; Mexican dollars.
52lze. At London bar silver closed at
29%d.
Total sales OF stocks were 191.O7s shares.
including: Sugar. 1880; Burlington. u. 100;
Distillers. 1850: Louisville & Nashville.
300; Northwest. 300; Reading. 1920; st.
Paul. $500; Western Union, $500.
Except in Sugar and Distilling the specu-
lation on the Stock Exchange was dull.
The trading was confined practically to
the local operators. London being out of
the market entirely. There was a hrmness
TO the dealings in DistiIling at the opening.
the first price made being ar an advance OF
h on the closing sale Of Wednesday, but
before long the inside support, which was
the sustaining influence. was withdrawn.
designedly, 1t is claimed. and the stock
broke 27s. to Il, shortly after IL o'clock.
The selling was very heavy. and on the
decline stop orders were many, which in
creased the volume OF the sales. Nothing
more unfavorable TO the stock was de-
veloped beyond the effort to obtain the
payment of disputed rebates set on foot
by the holders or these claims and a vague
report, which was subsequently denied.
that at n meeting hsld at Peoria on Mon
day some action was taken, which. in
view of the report of a probable receiver
shin. might be important. A recovery OF
* was made during the afternoon on sales
to cover short contracts. of which Is had
been lost at the close, making a decline
of 1a on the day. Wednesdays decision
IN the patent suit. on which the General
Electric Company suffered a defeat.
brought out considerable long stock of the
COMPANY and induced some short selling,
which sent the price OF the shares down z
per cent. during the morning. During the
afternoon Official explanations were made
OF the effect OF the decision. which Is TO
leave General Electric in the same posi-
ton towards its competitors. the court
holding that the companies now using
* could not be restrained from %continu-
ing to use II. a rally OF = took place on
this statement. of which 4 was lost in
the final trading, making the decline rs.
The granger shares made slight advances
In the early dealings, but became heavy
Closing re- lower for Northwest. "a for st.
Paul and Burlington and a for Rock
Island. The general market grew weak as
the Jay duNdnCtu anu cAOsct HcdFy dt
declines ranging from Il to Ia. Some few
OF the inactive shares recorded advances
on the day.
An easier tone generally pervaded the
dealings n the bond market throughout
the day. and on a moderate volume of
business prices generally recorded a de-
cline. Western Union debenture sevens
and Wabash debentures. series b. are off
2Ik: Wabash seconds, 2; Cincinnati. Day
ton & Ironton fives. 21s: Burlington. Dem
yer division. tours. Ia. Advances-Ohio
& Mississippi consol sevens and st. Louis
& San Francisco / per cent.
Government bonds were firm. State
bonds were quiet.
The following table. prepared by James
z. Berry, Room 1, Board of Trade. shows
the range OF quotations:
Omen High LOW Clos