The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-06-08
l r TONE In STOCKS
SEVERAL RAIDS ON THE NEW YORK
MARKET CAME TO NAUGHT.
Majority OF shares Traded I'm Showed
Advances Last Night-LocaI
Grain Quiet.

Al New York, yesterday. money on call
was easy at L per cent.
Prime mercantile paper, 3G41a per cent.
Sterling exchange was firm, with actual
business In bankers bills at &.SSA for de-
mand and at $LS7hG4s7A for sixty days;
posted rates. s4SS11Q4sO; commercial bills,
$(shQ4SsA.
Silver certificates, 64Q65c. Bar silver
closed at &c per ounce; at London. 2sssd.
Total sales of stocks were III, 1877 shares.
Share speculation on the Stock Exchange
opened up quite brisk yesterday morning
and the trading was we'll distributed. The
greatest business was lone in the indus-
trials. and of this group Sugar was again
most active. but the transactions therein
did not o~vershadow its sister stocks, as in
the past two days. Chicago Gas and Cen
eral Electric being as extensively traded in.
AS the day advanced the dealings became
less in volume and toward the close the
market became very quiet. There were &C.
casional periods of weakness during the
day, but the prevailing tone was firmness,
and the great majority of the shares
traded I'm show advances on the day rang
ing from Il to IL. Sugar and Northwest
are about the only active shares which
show a decline from the closing figures Of
wednesday. The trading on foreign ac-
count was less than for some days past,
and was fairly divided between both ac-
counts. but the strength of American Sc
curitie3 IN London counteracted any un-
favorable influences that might have been
purchasing movement. The higher prices
Tor wheat were q factor In the Upward
morning. Sugar was sold in the early deal
ings TO realize profits, breaking rs. Then
She CLIQUE began to buy, and a full recov-
made a loss on the day of *. Reports that
the Announcement of Illinois had prac-
ucally ~aoandoned the suit against the Chls
the stock of the company, causing an APP
probation in value of the shares of l per
trading. General Electric, which opened Is
lower. and made a further decline of a,
70 6e a hs snap sed pm np rsa6r,a turn imo on ouyl hgs,n ness
prospects of the company. A raise of 22
per cent. was made on these purchases. OF
which Is was subsequently, lost. the closing
price being IL above Wednesdays quota
tions. Compared with the last sales an
Improvement has been registered of ~ per
cent in National Starch, i In American
Cotton Oil and Baltimore & Ohio and 2 per
cent. in C. c., c.. & st. Louis. Evansville
Louisville & New Albany preferred 1 per
cent The other changes are merely frac-
tional.
The railway and miscellaneous bond mar
ket was fairly firm. but some of the issues
dealt in made declines. The principal
e Sentagsi ives ~ pt of isd Gre a%; cSicaso ( EPie
So: Wabash seconds. -iA: peciines-Kan-
sas Pacific consols. 8; Rock Island de-
benture fves. 24; Louisville & New Albany
consols, 2: Chicago & Eastern Illinois fives
and United States Cordage firsts, each l..
Iron Mountain advances 3 per cent: and
subsequently lost the gain. Wabash de-
bentures. series B.. sold at q, against n
on May Is.
Government bonds were firm. State
bonds were dul.
The following table, prepared by James E.
Berry, Room 16, Board of Trade, shows the
range of quotations.: