The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-05-09
MORE SUGAR DEALS
Over Half the Stock Exchange
Business i'm the Trust Shares.
The Clique Does a Pile of Hammering to
Entrap the Shorts-Little to Note
in indianapolis Grain.

Al New York. yesterday. money on call
was easy at / per cent.
Prime mercantile paper. 2Aa5 per cent
Setriing exchange was steady TO firm,
with actual business In bankers bills at
$4.ssz404.s9 for demand and at $i.s7A0
4S7h for sixty days; posted rates, S4.SS112
and $50; commercial bills. s.s6kd4ssA-
Silver certificates, 64q65c. Bar silver
closed at sac per ounce; at London, 29hd.
Total sales of stock amounted to 203, 81
shares, with Sugar leading with 1890.
Were 1t not for the heavy transactions in
Sugar yesterdays stock market would have
been tame indeed. What little activity
there was in the rest of the list was con-
fined to st. Paul, General Electric and
Chicago. Burlington & Quincy. At the
opening of business Sugar was heavily
pressed for sale and quickly declined 81
per cent The break was credited to
manipulation by the sugar pool with the
view of inducing the shorts TO extend their
lines and the bears did help to send the
priced ownward by adding to the bulk of
the sales. When the low point was touched
buying orders came in, which which caused
q rally Of pa per cent. but renewed sell
ing sent the figures back to within B
OF the bottom price Of the morning. Later
In the day a recovery of IL was made,
Of which 1 per cent. was subsequently lost,
with a final rally of u. the closing sales
being at a decline OF LIS per cent. on the
DAY. Sugar, preferred, lost Ia per cent,
st. Paul. after a decline OF IA, rose q per
cent. then a drive was made on the stock,
on the reported bond sale, but it was firm
u held. giving way toward the close II
y above Monday. 1t has been learned
that the st. Paul company, at private sales
Monday. disposed OF 100000 of four-per-
nanf Zanor0 GA EAOndz r0 ain
burse the treasury for OUTLAWS for equip
ment. and TO retire maturing bonds. There
are still in the treasury 2,1So.Wo of these
bonds available when occasion requires.
Burlington & Quincy receded q in the
morning. but rallied promptly, selling up
u per cent. of which IS was lost at the
close. Rock Island Is unchanged on the
day. and Northwest u higher, General
Electric was sold for the Boston account
at the opening and receded y per cent,
per cent. In the late afternoon another
selling movement was developed in the
stock and a break of rs per cent; was
above the lowest made.
The general market moved sluggishly
being duiiness, the fluctuations. as a
rule being confined to narrow limits. The
speculation was heaviest during the last
On prices exceeding a fraction were de-
cllnes Of l per cent. In Michigan Central,
~ in Duluth. South Shore and Atlanta.
BT3 IN evansville * 1efTe ftdule ana q
per cent. in st. Paul & Duluth, pre-
ferred.
The railway and miscellaneous bond mar
yet was generally well held throughout
the day and closed Irregular. The princ,-
pal changes are: MISUNDERSTANDING Trunk
nrsts, AZ; Mobile & Ohio new skies, ~;
American Cotton Oil Fights. IA: Louisville
X Nashville consols. g.. Deelines-Pitts-
burg g. Western fours, 2: Chicago & Erie
Incomes ~; Atchison seconds. L: Lehigh
& WiIkesbarre consols assented, Northern
Pacific thirds and Ohio Southern tours,
bach 1 per cent.
Government bonds were easier. State
bonds were inactive.
The following table. prepared by James E.
Berry, Room Is. Board Of Trade, shows the
range of quotations..