The Indianapolis journal., 1894-01-10
LAZY STOCK MARKET
Fluctuations Slow and About
Evenly Divided in Wall Street.
professionals Doing the Bulk of tbo
Trading with Some London Ruvi,o
Indianapolis Grain Quiet.

At Ne" iorK' Yesterday, money was easy
at per cent, the last loan being made ~
l. closing offered at 1 per cent.
Prime mercantiIe paper. 3Iha51b per cent
SterinS exchange was strong. with ac-
tuaI business in bankers bills at 81 ssi<S,
4-S61@ Tor demand and $4s414 a4S4Iz for si,tv
days; posted rates. $LS5IhG4 S7Ib: corn,,er-
cial bills. 81. .S31zGJ4 S3zt
S'lT"f certificates 69xc hi. Ar Ney
York. bar silver. 6S7sc Mexican dollars
S5c- At London, 3I&4d
Total sales Of stocks amounted 60 100 ~,
shares On the Stock Exchange the voI,,rne
OF business was light, the speculation with
out settled tone, and the trading D,Irei,,
PROFESSIONAL. There was no very great pras
sure 10 sell. nor was there any particularly
strong buying movement, although there
were occasional bear raids and times whom
stocks were readily absorbed London was
not IN the market to an appreciable OK
teni, though commission houses were idle
and there was a scarcity Of orders from
outside on both sides Of the account. What
Htue news of interest in the market was
s,irrlhg mad little or no effect on prices.
"hlch moved up and down Iazily within
narrow limits as a rule, as the respective
stocks were offered for sale or bid for
Inc monetary situation is so easy that
Ter IN excess of the shipments to the in
terror passes unnOticed. The Atchison re-
organization scheme is said TO be progress
ing IaNoTaDiy, but the report did no more
uidh maintain the price OF the stock ~
MONDAY closing figures. An upward
movement was started in Chicago Gas on
the announcement of the election Of the
new board Of directors, which il is cIairoed
gives increased financial strength To- the
corporation. Ii is claimed too that the
conformation Of the board shows that the
TTtIoi TaI OF the stock is now vested in the
AS. -st. Most or the Improvement in the
Sildres was lost before the close The Union,
Idcinc reorganization committee was in
Colierehce, out there was no deycloDmant
OF interest and the shares were IifeIess
~. Paul showed most activity being bought
moderately by London houses. An advance
vi l per cent on Monday night was re-
corded in the early part of the afternoon,
cii1a cHT wa was -, followed by. de-
Burlington & Quincy inc was N.iaI sold sSlSg; doWn
= per cent. in me morning. rose 1 per
cent and then, under bear drive broke 1a.
win ma rally Of u. The changes in the
other grangers were confined to a small
fraction. Considerable Western Union
stock changed hands between S5ss and
Sf1s. the closing being S47s. a gain of L.
sugar was not neglected. After an early
decline of 3. the stock sold UP 21k. but
LIS from the top. Sugar preferred advanced
q The sDecialties. in a few instances
ShOW AidtcIldl iOSSeS ana gains, the not
able declines being 3 per cent in Cleve-
land, Cincinnati, Chicago & ST. Louis; 234
In Delaware Lackawanna & Western, on
a sale of 100 shares; in Pullman; M in
iowa Central preferred, and rs in Wheel
ing ~ Lake Erie preferred. In the list of
advances are Great Northern preferred, 2
and Louisville d Nashville, IL direc-
tors meeting of the latter company was
to have been held to-day. but failed for
want OF quorum The stock market made
a slight rally at the close
The railway and miscellaneous bond mar
ket was strong in the morning but be-
came weak in the afternoon. The princi-
pal changes are: Declines-Louisville. EsV-
ansvtlle g St Louis consol first fives, 3:
Kansas Pacific cOnsols. 23t Erie fifth ex-
tended guaranteed fours. 2; Chicago &
Erie income fives, 1l2. Advances-Erie first
extended sevens, "a: Peoria, Decatur &,
Evansville seconds. 1: Milwaukee Lake
Shore * Western incomes sold at 1i2
against 101, the previous sale; Chicago e
Eastern Illinois firsts sold at 11lH against
1lilz on Dec. 20. Government bonds were
strong. State bonds were inactive
The following table. prepared by James E
Berry. Room 10. Board or Trade. shows tina
range or quotations: