The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-05-08
C SUGAR TRUST
Holders Of the Great Octopus
Shares Making a Fortune.
Trades in the Stock Continue to Lead
the Operations on 'Change-Indian-
apOlis Grain in More Request.

AT New York, yesterday, money on call
was easy at / per cent.
Prime mercantile paper, 3G5 per cent.
Sterling exchange was steady with actu-
al business in bankers bills at $4.SS%G4.s9
for demand and at &.S7AQ4s7h for sixty
days; posted rates, $4.Ss15 and $3.50; COM
merctal bills, AS6AQ4s6h. Silver certif-
Gates. 64Q65c. Bar silver closed at e3Ac per
ounce: at London, 29sd.
Total sales of stocks amounted to LIS, COO
shares. The stock market was inactive
and without prominent features yesterday,
the dealings being very largely confined to
the room traders. Sugar. of the industrials,
and St Paul, of the railway list, did more
than one-half the business, the only other
stock in which the transactions exceeded
iaooo shares being General Electric. The
tone OF speculation at the opening was
weak. anc prices were generally hG% per
cent lower. Sugar. however, was an ex-
cepton. and on good buying rose l per
Saturday. The advance led TO realiza-
lions which induced a selling movement by
d dhe short T, interest inter- tan, and Fsioe took a sharp
orders In the market until 1U5a was
touched, a decline of 2 per cent. from the
covering was done, which caused a rally
or l3s, followed by a reaction of rs and a
final recovery of y. the closing price being
advanced X on the day. ST. Paul was held
very steadily during the morning and early
afterpoon. but was sold heavily during the
firmafion. to the effect that the
company contemplated the issue of bonds
purposes. This led to a decline in the stock
OF Is per cent. the last being the lowest
price OF the day. General Electric gained
y IN the opening rading. but quickly de-
clined IA on liquidating sales, said to be
for the account of a Boston estate. A
rally Of Y took place in the final dealings.
ment of 3. declined I per cent, closing at
the lowest point touched. The general mar
usual active shares. The late dealings were
weak in tone. and the market closed easy,
clines on the day as there were advances.
In the column of gains is Wheeling &
Lake Erie preferred, IA The more nota.
Leather preferred. IA; Manhattan and
American Tobacco, each / per cent, and
Baltimore & Ohio, IL per cent. The gran
that the shipments OF gold this week will
about equal last weeks exports, but the
amount to go forward VIII largely, depend
buyer on the New York Exchange. The
$1.ao.0O gold TO be shipped by the Trave
to-day was taken from the subtreasury.
The bond market was only moderately
active, and was heavier In tone than for
some time past. The demand was mater
pared with previous figures. the leading
changes being: Advances-St. Paul, Louis
Vile & Nashville fives, 8: Peoria, Decatur
s Evansville. Evansville division firsts and
Ohio Southern seconds. each 2, and Chi
cage & Eastern Illinois consols l per cent.
Deciines-Union Pacific. Denver & Gulf
firsts and Wabash seconds, each / per cent.
Government bonds were steady. State
bonds were dull.
Berry. Room iiS, Board Of Trade. shows the
range OF quotations: