The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-08-29
WAS ON THE DECLINE
STOCK MARKET SUDDENLY coll
LAPsEs AND THE LIST LOWER.
DistIIIinr and Sugar Not So Active
and Pullman Goes Of-IndianapOlis
Grain U~nsOught.

At New York, yesterday. money on call
was easy at L per cent.
Prime mercantile paper. 3d5ia per cent.
Sterling exchange was firm. with actual
business in bankers bills at S4.S612q4.s7 for
demand. and at s4.S5i4Q4.S6 for sixty days;
posted rates, A.S6Q4.s7 and s4s7q4SS; com
mercial bills, ~$I.s41zQ4.S4A.
Silver certificates. 66c. Bar silver closed
at 65lzc per ounce; Mexican dollars. 52l2c.
AT London, bar silver closed at 3O1sd.
Total sales of stocks were los, 235 shares,
including: American Tobacco, 3,545; Cotton
Oil. 1870; Sugar. 17.16s; Burlington, LOO;
Chicago Gas, $50: Chesapeake & Ohio,
6.495; Distillers, $1,000; General Electric,
s.6l5; Louisville & Nashville, $500; Read
ing. 1855; Rock Island. sos; st. Paul, 1850;
Western Union. $3.50.
After Mondays exciting day on the Stock
Exchange the specula tion yesterday was
tame indeed, by comparison From the
opening until about 100 o'clock the market
was heavy and with scarcely a rally,
and prices moved downward. Then came a
period OF dullness, during which only the
specialties made any material movement
and these sought a lower range of values.
Speculation closed barely steady. the final
sales showing losses on the day of 4q1A
III the general HSl, exceptions DClHS Of.
Paul preferred, Delaware & Hudson. Louis
Vile and Wheeling & Lake Erie. which
recorded advances of y each. Distilling
was again the leader of the market in
point of activity, but the transactions
therein were less than a third of Mondays
total. There was heavy selling in the
shares at the opening. which came from
ho.ders who hoped up TO the last moment
that the trust would be able to make it's
loan and take its spirits out OF bond. The
iS.iure OF this PROJECT did not. however,
cause any serious stampede and the lowest
inquire 10 which the stock fell was lo4, only
112 per cent. below Mondays closing. The
low price was reached shortly after the
opening, but before noon a recovery had
been made to 1874. During the afternoon
the greatest decline was to 1885, from
wnich there was a rally OF u, the closing
quotations being u per cent. off from Mon
days last sale.
Sugar was dealt in irregularly. huctuat-
ing within narrow limits curing the morn
ing. but being sold more freely in the
afternoon, closing at the lowest of the day
business was done i'm the grangers. Pull
man broke Ia on sales of 40 snares. The
Other principal declines were American
District Telegraph. 2 per cent. on the sale
OF a IOv-Sndrc lOt, g., e., &. " 81. L., Ia,
Snlcago Gas, Cotton oil. common and pre-
Nashville. Lake Erie * Western common
and Kansas, x Texas preferred, /. Ohio
southern Is down 3 per cent.
The bond market was generally weak
all day in sympathy with the stock mar
ket, but some shares sold at an advance
j. Advances@Esrie conseol gold sevens, 2E
cihc thirds. ~; st. Paul consois and Union
Paclhc. Denver & Gulf hrsts, /.
government bonds were firm. State
She following table, prepared by James
Il. Berry. Room 16, Board of Trade, shows
the range of quotations: