The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-05-27

Legal tender. decrease. .............1 5ll 2e0
DgpoSlts, aeSrease. 1881 i99
The banks now hold ST. 700 in excess
Of the requirements of the % per cent
rule.
Total sales of stocks were 1O5,9S1 shares
The speculation Saturday was irregular
and unsettled during the two hours during
which the Stock Exchange was open
fairly good business was done, which was
pretty evenly divided between the two ac-
counts. for the transactions were in the
main purchases to cover short contracts
and sales "a realize profits Very few fresh
lines were put out on either side. LONDON
was not in The market to any extent, and
the weakness OF American securities on the
London exchange had a depressing influence
on the arbitrage shares here. Sugar led in
the dealings, nuctuating within a range of
: Der cent There was a pressure to sell
the stock at the opening, which caused a
break of rs per cent, but supporting or
Gers coming in caused prompt and com
plete recovery. a renewal of the selling
movement, however. resulted in a steady
decline until loss or per cent. had been
experienced. which was followed by a re-
coVerN OF =, the last sale being made at
decline Of las on the day. Announcements
made with authority, both here and in Lon
don. that the next dividend in New York
Central due in June would be declared at
regular rate caused the shorts TO cover
hastily In the early dealings and
the demand from this quarter was supplied
the stock sagged off TO the close. making
loss OF liz per cent from the top prices.
The granger shares were strong during
the first hour, and rose A61 per cent, the
latter in Rock Island. Lake Shore ad-
vanced l2s. reacting IA After an irregular
and the trend of prices was upward until
nearly II o'clock, when the upward move
ment was checked During the next hour
The speculation was rather feverish and
unsettled, but IN the final dealings recov-
cred its tone and closed fairly steady
Louisville & New Albany shows an advance
on the day Of 2l4c.
The market has been rather unsettled
during the week, but on the whole the
Or values. and as a result of the week
trading most of the shares dealt in snow
higher values at the close than at the end
o. last week, the more important advances
being: sugar, s; Sugar preferred, 4; Chi
cagO Gas and National Cordage, as; Chi
cago Gas and National Coriage preferred
8; United states Cordage A. United stats
COrdage preferred, 5; Tobacco, 3%: Great
Northern preferred and National Starch
ferred, 25s; Chicago & Alton. Rubber and
Western Union. 2; Changers. 1isa1ss. and
D ISi IL per cent; The principal de-
New York. New Haven & Hartford, S:
Evansville & Terre Haute, AS; Cotton Oil
ern Illinois preferred. "a; Alton & Terre
Haute, ~; United States Express and New
York, Chicago G St Louis first preferred,
:, and General Electric, IA per cent.
The railway and miscellaneous bond mar
ket was strong throughout the day and
advances were recorded. Peoria & Eastern
nTsts declined H. per cent. on the week
The market has been firm for the more
active securities but weak for some of the
usually inactive issues The principal
changes are: DeclineS-Louisville, New Al
bany a Chicago consois, 8; Peoria Decatur
4 Evansville firsts. Evansville division, 5:
Baltimore x Ohio Southwestern income
hrsts, series i, and Louisville q Nashville
81 Louis division seconds. 31s; Hooking
Valley hves. 31s, and Erie second consois
and Toledo & Ann Arbor firsts, per cent
Advances-Northern Pacific firsts. coupon
Si2i Northern Pacific firsts, REGISTERED. 3ss:
Northern Pacific seconds, IL; Northern Pa
ciiic thirds. pa. and Northern Pacific con-
sol hves. - per cent
Government bonds were strong. State
bonds were inactive.
The following table. prepared by Jarnes p.
Berry. Room 16 Board OF Trade. shows the
range of nrcfa finns.