The Indianapolis journal., 1894-04-08
SOME HEAVY TRADING
Stocks We're UnlOaded and the
Share List Went Tumbling.
Much Speculation Regarding Several
Trust COmpanies-IndianapOlis
Grain More Active.

n -NeW IOIh, saturday, money on call
was easy at 1 per cent.
Prime mercantile paper, 3G5lR per cent.
Sterling exchange was dull and firm
with actual business in bankers bills at
AsS40I6S12 for demand and S4S7Q4S7A for
sixty days; posted rates. $4SsQ4S91a;' COM
mercial bills. AsiQ4S524c.
Silver certificates, 61s4c Bar silver closed
at 617sc per ounce; at London, IS 3-16d.
The New York weekly bank statement
shows the following changes:
Reserve, decrease s., S92,175
11oans' increase. e.--.-...-..-........... 6,62lyg0
Legal tenders. decrease.............. 552S1O
deposits. increase. 6.5J2.ll2
Circulation, decrease. $500
The banks now hold $50, ,7S2 in excess
of requirements.
Total sales of stocks Saturday aggregated
1915 shares. An active business was done
on the Stock Exchange during the two
hours trading and was well distributed
throughout the district. There was some
London selling at the opening in St. Paul,
Louisville & Nashville and AtchisOn, the
latter giving way only ls but the others
receding q. In the early dealings specu-
latiOn was weak and a fractional decline
took place. The depression was of brief
duration and prices soon took an upward
turn under the leadership of Chicago Gas,
which, after a decline of u. sold up 31s on
covering Of shorts. DistiIling was bought
on the advice of President Greenhut, of the
trust. who asserted that the recent de-
cisiOn against the trust is of great i'm
pOrtance. The Improvement in the rest of
the list merely fractional. Toward II
o'clock the upward tendency was checked
b. the inauguration of selling movement
II Chicago Gas, which was based on fears
Ihat the AttOrney-general of Illinois viii
decide against the company in the quo
Warranto proceedings Before the bot
tom was reached the stock had
declined per cent, with only a
rally Of &c at the close. The break in
Chicago Gas had the effect of weakening
the entire market, and the general ten
dency was downward up to u O'Clock
Some of the specialties meanwhile made
market was heavy at the close Com
pared with the closing figures Of Friday,
prices We're irregular. The changes. how
within fraction, while only in one case
Eas there an advance over fraction
Ing a gain of rs Chicago Gas
Electris Lead preferred and p c. G. &, ST
l.. preferred are = higher The heaviness
OF speculations in the late dealings was
rather unexpected in view OF the good
,.a Ttrn std'Siiierts Z, "ilGn' eSpecldlIy Dy lne
trade. The stock market has, in the main,
moved upward as a result of the weeks
transactions. Notwithstanding that the
later trading cut of some earlier advances.
Some few shares show losses. including
!, r. X. w. preferred. pa; Chicago Gas.
=: General Electric. L; Distilling. s. Bur
hngton x Quincy Il. and 81. Paul, 4.
The principal advances established are:
Missouri Pacific 31s; PIttsburg. Cincinnati
Chicago q st. Louis preferred and Balti-
more y Ohio. 2l4 Sugar > per cent
The bond market was steady 10 firm dur
ing the day, with a general advance rang
Ing up to per cent, the latter in Interna-
tional and Great Northern firsts, coupon
offered. H. in Pacific of Missouri seconds
extended and Wheeling & Lake Erie lirsts !;
IL IN Chesa peake & Ohio skies of 1911 Rock
Island fves and Wabash seconds. During
the week the bond market has been active
and strong. most OF the securities traded
I'm reaching a higher range of values. The
principal changes on the weeks transac-
tiOns are.
Advances-Toledo. & Ann Ar5or firsts, -
Per cent. Cleveland & Canton tirsts, s: Lou
isville x Nashville. Cecilan branch. firsts.
"a. National Starch frsts I; Missouri Pa
cifc collateral trust fves. 8; Peoria, Deca-
tur & Evansville seconds. 3
Government bonds were firm. State bonds
Were quiet
The following table. prepared by James
J. Berry. Room Is Board OF Trade shows
tie range OF quotations: