The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-09-30
BAL WEEK In STOCKS
SUGAR TRUST SHARES HEAT THE
LIST, WITH A DROP OF 71-s.
Disquieting influence Mt Work ON
New York 'Change-LocnI Grain
Tending Lower.

Sterling exchange was quiet and steady.
with actual business in bankers bills at
s4.S6hG4s6A for demand and s4.S5AQ4S5h
for sixty days: posted rates. s4.s6@4. S6iis and
s4S@4s7ls: commercial bills, s4.s41a@4-s4A.
Silver certificates. 631zc bid: no sales. Bar
silver closed at 6sAc per ounce; Mexican
dollars. SIC. At London bar silver closed
at 20 3-16d.
The New York weekly bank statement
shows the following changes:
Reserve, increase. $S17, $50
Specie, las, 400
Legal tenders, increase............. 345, 400
deposits, decrease ~. 60
Circulation. 363,3OO
The banks now hold $50. 74s. S75 in excess of
the requirements of the Is per cent. rule.
They lost by the interior movement last
week s471. 900 in gold and legal tenders and
by subtreasury operations $1,20O,000, max
ing a total loss of $1.671, OOO.
The imports of specie at New York last
week were $685. 81, Of which $50,6S5 were
gold. against a total of $34e, 1893 the previous
week and $3.50 the corresponding week of
last year. For the nine months of this
year the imports of specie were SIS. sos, s44,
against 500. Glib the corresponding period
OF last year.
Total sales of stocks Saturday were S0,SS7
shares. including: Sugar, $500; Burlington,
loo; Chicago Gas. 1920; Distilling, 1900;
Reading, LOCO; St. Paul, 10, 400; Cordage,
LOO; Western Union, 1000.
The stock market displayed about the
usual Saturday activity and the speculation
was uninteresting, save as IL displayed the
unsettled tone OF the market and the ex-
istence of a very general feeling of uncer-
talnty as TO the future course of share
values. The trading was almost entirely
done by room traders. who were DESTROYS of
closing out their contracts, long or short,
being unwilling to leave their lines out over
Sunday London did very little in the New
York market beyond buying some small
lots OF st. Paul, and very few outsiders
took part in the trading. Sugar was most
active and many of those who had bought
at the low point Friday began to take
TO s9%. At about 80 the shorts started in
10 cover and their purchases resulted in a
recovery of q per cent. The. higher fig
ures, however. were maintained for a. short
time only, and on a renewal of the selling
the stock broke Us TO s8A, within Il of the
low point of the week. In the final dealings
a rally of IS was made, limiting the DAVIS
late Friday evening and aPpeared in one
Ing papers, setting forth that an
opposition company : to Chicago Gas
raised 5000, 900 in New York to help it fight
the Chicago Gas Company. The story was
a pure canard given out to hold the stock
down while a bear clique covered its shorts.
and the rumor did have the effect of send
ing the stock down after it had opened 81
higher. the loss, however. being only "a per
cent. The covering movement was quite
pronounced and continued TO the close.
which was at the best OF the day and IL
above Fridays final sales. AT the close the
market generally, was fairly steady.
On the week the speculation has been
very unsettled and the movement of prices
Irregular. AS a rule, however, values have
deprecated. and the last prices made were
or last Saturday. The more important
losses are: Sugar. rs: Sugar preferred.
~; Consolidated Gas. Az: Reading and To-
baccol 3A; Reading and Tobacco preferred,
2h; Erie preferred. 2&: Burlington. 2%:
Cordage preferred anu Cotton OIL. pa: Cot
ton OIL preferred, ?; Distilling and Western
Union. 2. Lake Shore. IL: Northwest. 10:
General Electric. IA; Chicago Gas. rs. and
Rock Island, As.
Some of the specialties have advanced
on the weeks transactions. including St.
Paul & Duluth, 4; Alton & Terre Hau;e.
8; Central Pacific. "a. and Edison Electric,
The bond market was irregular SATURDAY.
on a small volume of business, the total
sales reaching only $4,000. The active is
the securities which are infrequentiy dealt
in recorded advances. Louisville & New
Albany eonsols declined IA. On the week
Doth sides Of the market. The Reading
issues We're notably weak on the unfavor-
able impression made on a large section OF
the security holders OF the company by
the plan of reorganization. Large amounts
OF the tours and preferences were thrown
and caused losses OF 3 per cent. in the
fours. ga in first preferred. ga in the sec
ouus, "a IN the thirds anu IA in deferred
incomes. Other notable recessions were:
St Louis Southern firsts. 7ls: Richmond &
Danville equipment fves. 6; Kansas Pacific
eonsol nves, Lehigh Valley terminal frsts.
A. Atchison fours. 25s: Atchison seconds
Is. and Wabash seconds. 2ss. Advances
Union Paeiic collateral trust fives. So;
Missouri Pacific consol skies. 7. Chess,
peake & Ohio. Craig Valley nrsts. ga. To
ledo & Ann Arbor hrsts, 4: Denver & Rio
Grande Improvement fives. as: Peoria &.
Eastern firsts. 34; ST. Paul terminal fves
and Milwaukee Northern firsts of 1913. main
lire, 3 per cent.
The following table. prepared by James
l. Berry. Room Is. Board OF Trade. shows
the range OF quotations:
Oman HIGH Io~- No,