The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-08-22
WHISKY TRUST FIRST
THE OCTOPUS SHARES MORE LARGE-
LY TRADED IN THAN SUGAR.
Selling Predominated with the Not
able Exception of PuIIman-LOcaI
Markets Unchanged

At New York. Tuesday, money on call
was easy at / per cent.
Prime mercantile paper. 3G55 per cent.
Sterling exchange was firmer, with ac-
tual business in bankers bills at A.S6i21
4-s64c for demand and A.s5kG4Sz for six
~ days; posted rates. A.S613G4.S7 and N.S7lz
ass: commercial bills. s~4.sf14aLs4@4.
Silver certificates. 64s4c. Bar silver closed
at 64&c per ounce; Mexican dollars, Size;
at London. 29Ad.
Total sales of stocks were pa. 1873 shares,
Including: American Tobacco. 400; Sugar,
$500: Burlington. 1890: Distillers. 81, 1O0;
GENERAL Electric, 5000; Louisville & Nash
vile. $500: Missouri Pacific. 1900; New
York & New England. 1850; ST. Paul. 1900.
The market was active. but the sellers
were ia excess of the buyers, and there
was considerable liquidation as we'll as
sales for the short account. The upward
movement, which was quite strong last
week, received a check by reason of influ-
ences which were largely the result of man
ipulation by cliques. At the opening prices
were firmly held. and some shares made ad-
vances. but a selling movement in Sugar,
in addition TO breaking the price of that
stock. unsettled the rest OF the list. Before
IL O'Clock speculation had assumed a frmer
tone, and a remarkable advance of 3 per
cent. was recorded in New England certifi-
Gates, third assessment paid. Distilling,
which had advanced q and lost the gain.
sold up rs, to 207s. Sugar, which had sold
up = and broken IA. rose rs. Pullman
sold up IL, and most of the other shares
traded in a fraction. During the next hour
the active list was weak, New England
certificates losing 1as and the other shares
the greater part of the Improvement. In
the SnQcialripS hnvvavar there Soma
material gains, notably in Wheeling &
Lake Erie preferred. st. Paul Sc Duluth.
Chicago Junction, Minnesota Iron, oregon
improvement and Colorado Coal. During
the afternoon, except for Pullman. PACING
Mail, Tobacco preferred and Des Moines *
weak in tone. Distilling was forced down
2 per cent. the loss on the day amounting
cided to veto the tarin bill were used to
depress this stock, and they also
The declines ranged from a to pa per cent,
the latter In General Electric; IL in F., c.,
G & St. L. preferred. rs In Burlington &
rs in Louisville & Nashville and Long
Island Traction. 1 in Rock Island, Toledo x
Ann Arbor. Evansville & Terre Haute and
Great Northern preferred. There were
some notable exceptions to the heaviness of
the market, and those shares which show
the greatest advances are: Pullman, AZ;
Chicago Junction and Wheeling & Lake
Erie preferred, 2; Pacific Mail and Mime
sofa Iron, 11s; Erie preferred and Tobacco
preferred, IA; Des Moines * Fort Dodge
preferred, Colorado Coal and Lead pre-
ferred, L.
The bond market was heavy during the
morning, but became better in the after
noon. closing irregular. The principal
changes were: Advances-Chicago & Indi-
ana Coal fives and Union Pacific four-and-
a-halfs, 4 per cent; Louisville & New AL
bany generals. 21a; Kansas Pacific skies Of
'96, 3: Northwestern Extension fours, 2;
Ohio Southern frsts, Southern Pacific of
flrsts. /.
Government bonds were dull and State
bonds were strong.
The following table, prepared by James
z. Berry. Room 16. Board of Trade. shows
the range OF quotations: