The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-04-18
MODERATE BUSINESS
Trading on Stock Exchange Tn
settled, Prices Falling Off.
Chicago Gas Trust Shares Furnish Some
ment-IndianapOlis Grain
Buyers Holding Back.

At New York. yesterday, money on call
was easy at per cent
Prime mercantile paper, 3q5 per cent.
Sterling exchange was steady, with ac-
tuaI business in bankers bills at ASSOC
4.sSs1 for demand and at As7AG4SIla for
sixty days; posted rates, $iSSQ4.Ss12; COM
mercial bills. AS6hQ4S612.
Silver certificates. s1s4c. Bar silver closed
at 63Ikc per ounce; at London, 271sd
Total sales Of stocks were 1SO.53S shares
A moderate volume Of business was done
the stock Exchange, but the speculation
was unsettled in tone, and the great major
fty Of stocks traded in recorded decline
OF the days transactions No very great
losses were made, however, and the pres
sure TO sell was not at any time heavy.
At the opening the tone Of speculation was
firm, but a selling movement in Chicago
Gas, Sugar and American Tobacco weak
ened the entire list, and for half an hour
the tendency was downward, the losses
ranging from a to Z. the latter in Amer
ican Tobacco. During the next half hour
the market was firm. Sugar, which had lost
IL, rallied Is, and Chicago Gas, which,
after an opening advance of 4, had receded
! per cent, sold up on purchases made
I'm anticipation of a favorable decision by
the Attorney-general of Illinois in the quo
warrantO proceedings After IL o'clock the
market became stronger, and gradually the
early Improvement was lost, prices in
many cases going below the closing figures
of yesterday. Shortly after midday Sugar
and General Electric made a squirt upward,
each gaining ~. and the general list recov-
ering a fraction. Speculation then became
steady until after delivery hour, when
Sugar broke IL, and the rest of the list
moved down depression
ing until just before the close, when pUr-
chaseS 10 cover short contracts caused a
air of frTnness which was largely artificial
Some few of the active shares scored gain
OF fraction, including Chicago Gas. g.
but most OF the other stocks dealt in show
q decline on the days trading, including
American Tobacco and Chicago q Eastern
j.. Union Pacific. Kansas & Texas pre-
ferred, Iowa Central preferred and Hook
ing Coal per cent. OF the grangers North
west is up Is and the others are down 1sd4.
The weakness OF these stocks was mainly
due to the announcement of a cut in passen-
ger rates by the Union Pacific and the de-
termination of the Western Passenger AS
sociation to meet ii.
The bond market was heavy during the
morning. became firm in the early after
noon. but closed irregular, the principal
changes being: AQVanceS-Omaha * st.
Louis firsts. 3; ST. Louis. Vandalia & Terre
Haute firsts, 144; Chicago Gas firsts, 1%s
Chicago & Eastern Illinois consols, Chicago
& Quincy debenture fives. Erie first con-
soils, Erie fourths extended, Toledo, St. Louis
& Kansas City firsts, l per cent. Declines
Wabash debentures. series b. ia North
ern Pacific firsts, registered, 112; Cleveland
& Canton firsts, Minneapolis & st. Louis
seconds and Northwest cOnsols, each l per
cent; st. Louis & San Francisco trust
fives sold 67Ik, against IS Sept. Q;
Duluth q Montana firstS sold at 70, against
g. on Jan. is.
Government bonds were firm State bonds
were inactive.
The following table, prepared by James F.
Berry Room is. Board of Trade, shows the
range of quotations:
Oman TJfoh- 0Vu- CIoc