The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-02-08
DULL A ON CHANGE
Room Traders Doing the Trading
in a Gingerly Manner.
Industrials We're Active with Sugar i'm
the Lead indianapolis Grain
Dealers Holding OFF.
At New York. yesterday. money on call

At New York, yesterday. money on call
was easy at l per cent
Prime mercantile paper, 31kG515c.
Sterling exchange was dull. with actual
business in bankers bills at A.S6%QL6 for
demand and at $4SlAq45 for sixty-day
bills; posted rates. $I-S6Q4SS; commercial
bills. $LS3A@4s4
Silver certificates. 644q65hc.
The total sales of stock were $4,000
shares. The share speculation on the Stock
Exchange was s~tagnant during the greater
part OF the day. the dealings being in the
hands of the board traders. who are not
inclined to operate very heavily on either
side Of the market at this juncture. Com
mission houses report an absolute dearth
OF orders. and the London houses added
very little lot transactions. fortunately for
stability of values, there is quite q large
short interest in the market. which is more
disposed to cover than to extend its lines,
and consequently the pressure to sell is
not heavy. Were it not for the industrials
the dealings would have been very small
indeed. SugarAwas most active. selling up
rs per cent. in the earlier dealings en- buy
ing for a pool, which. later in the day, re-
tired as purchasers, WhereupOn the price
sagged off Ia, leaving a gain of Is. Dis
thing made an advance OF q per cent. on
the day, being IA below the highest point
touched. The buying in 1T was on orders
from Washington and the West. Rubber,
on purchases OF 600 shares, rose 2 per cent.
COrdage, on sales of $500 shares. declined
III. General Electric was in good demand.
During the morning. on a report that the
company had obtained some additional val
liable patent rights. it rose pa per cent.
reacting q in the general depression at the
close. st. Paul was second on the list
Of transactions. but ~huctuated within
1 per cent. advancing Is at the
opening and declining l per cent. in the
trading later, closing at the lowest point.
The question OF the next dividend Is being
again discussed, the Burlington dividend be-
ing also considered in doubt. n Boston dis
serted that the directors of the last-named
company would meet in Boston next week
and declare the usual dividend of IA. Bur-
lington lost Is on the day. Western Union
was Well held until after delivery hour,
when a drive was made on the stock, based
pany for the quarter ending March 81 will
show a material decrease in earnings. An
early advance of y had been made, from
which a drop of 21s was made, with only a
market was fairly firm throughout the
morning and during the first part of the
afternoon, but during the last three-quar-
tiers Of an hour was quite heavy and closed
weak. The principal declines of the day
not already mentioned are Louisville K New
Albany preferred, rs; Louisville, st. Louis
& Texas. rs; Lake Shore, ll2; Pittsburg, c.,
c. & St. L. preferred, rs, and SuSquehanna
< Western, ! per cent
A strong tone characterized the dealings
when a reaction took place. but in the final
stage the market became firm again. Gov
eminent bonds were steady and State bonds
dull.
The following table. prepared by James E.
Berry, Room 10, Board OF Trade. shows the
Ranern IF nrfOfaftnnG-