The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-06-29
STOCKS ARE HARD HIT
SPREAD OF PULLMAN STRIKE Az
FECTs SPECULATIVE VALUES.
Trading on 'ChanHe Light, Save i'm
& Changers and Observation-Disclosures
r. apolis Grain Holding Firm.

At New York yesterday money on call
was easy at ! per cent.
Prime mercantile paper. 2asd4i5 per cent.
Sterling exchange was dull and easier,
with actual business in bankers bills at
SfSSia for demand and AS7A for sixty
days. Posted rates. s4.ss1s and $40; COM
merciaI bills, $4S614.
Silver certificates. 64n65c. Bar silver
closed at e25sc per ounce; at London. 2ss4d.
Total sales Of stocks amounted to 49,
500 shares. Speculative values received
setback on Change yesterday for which
the extension of the Pullman strike to the
St Paul railroad was largely responsible.
There was little else to account for the re-
dictionary movement in prices. Ii was tie
sinhuencing motive which led to the sell
ing for the London account which swelled
the volume of business during the morn
ing The trading was light in all but three
stocks. Sugar. St Paul and Burlington &
Quincy. Sugar opened steady. reacted 4.
advanced 3, and then on brisk selling for
the Washington, well for the local
account. broke 2ss. rallying Is and closing
at a reaction OF -. decline OF Is on the
day. The depression in this stock was due
10 the reports that the majority counted
on passing the sugar schedule in the Sem
ate Is rather small. Senator Sherman was
quoted In the Washington dispatches as
making a statement to this effect. There
was some selling of st. Paul at the OPEN
ing on the strike on the road, but there
were some good supporting orders in the
shares and the decline was resisted.
The depreciation, however. continued,
steadily. and about 2 o'clock a decline Of
/ per cent. from wednesday night was
recorded. A subsequent recovery of q was
made mad an, and final al reaction of =, the last
lington was alphabetically depressed. de-
Ginning z and selling up q during the morn
ing. and declining gradually in the after
noon. closing rs below the highest point
west declined / on sales of 400 shares. Rock
the opening and quickly gaining "A. then.
with the others of the group, 1t declined
Us. closing 4 above the lowest fig
Pacific declined 1 and Louisville &
New Albany preferred. rs. General Elec-
ra Snd foMs cenra sach
vanced liz, Cotton oil preferred 19s and
Louisville & New Albany common IL. J.
his associates regarding the Union Pacific
reorganization since his return from Eu-
rope and movement toward getting af-
fairs into shape Is likely 10 occur soon.
The bond market was steady early In the
day. but became irregular in the afternoon
and closed easier. The action of the gov
erning COMMITTEES of the Stock Exchange
IN authorizing the committee on stock list
to place the Northern Pacific consolidated
fv1s certificates the list when the re-
organization committee had received as
sent of a majority of the bonds, has caused
some activity in these issues. 1900 OF
which sold to-day at 251a to 25 The reor-
garization committee lacks assent of about
four million dollars worth of stock to have
a majority, and until Ii obtains them the
certificates cannot be listed. international
and Great Northern seconds sold at CO.
against 6S on May IA. The other leading
changes are:
Declines-Chicag Burlington & Northern
> fives' and Union Pacific collateral trusts
sizes, 2; Erie third mortgage. IA; Atchison
seconds. st. Louis & San Francisco consol
tours, st. Paul. NJ. & NJ. Montana Central
fives, l. Advances-Grand Rapids & Indi-
ana four-and-a-halfs Ia: Des Moines &
Fort Dodge two and-a-halfs 1is: Duluth
Manitoba firsts, IA; Burlington. Cedar
Rapids & Northern firsts, l per cent.
Government bonds were steady. State
bonds were inactive.
=, The following table. prepared by James E.
Berry. Room is, Board Of Trade. shows the
range q QuOtati1nS: