The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-03-04

SHARE LIST FIRMER
Sugar Again Led the Procession,
Gaining | 3-8 Per Cent.
Granger Stocks Participated i'm the Ad-
vance Aforementioned Grain
Business Not Heavy.

At New York. Saturday, money on call
was easy at per cent.
Prime mercantile paper, 3a51a per cent.
Sterling exchange was dull, with actual
business in bankers bills at $iSSAQ4SS11
for demand and at $4S7a4S7A for sixty
days; posted rates, $lS3kQ4Si; commercial
bills, S4.S5a4Q4S6.
Silver certificates, 5S7sQ591kc; no sales.
Bar silver closed at 5Sc per ounce; at Lon
don, 27d.
The New York weekly bank statement
shows the following changes
Reserve, increase. 81, OH. 400
specie, decrease. ACKNOWLEDGEMENTS. $4,000
Legal tenders increase. ...............l 15O, 400
Deposits, decrease. 1OOl,2UO
Circulation, decrease. $3.50
The banks now hold SIS, 79S, $50 in excess
of the requirements of the % per cent. rule.
Total sales of stock amounted to 1880
shares. With the exception of brief
period about 1890 o'clock, when a frac-
tional reaction occurred, the stock market.
Saturday, was strong and the general
tendency toward higher prices. The
volume Of business, however, was light and
the speculation was without important
feature. Rumor mongers had for the once
abandoned their vocation and the market
practically left to itself without the
influence Of good or evil report. A desire
on the part of the shorts to cover their
lines which they did not care to leave I'M
protected over Sunday was the leading
motive Of the purchasing movement, which
sent prices upward. There was very little
buying for the long account, and the for
eign houses were not trading to any APP
probable extent. Sugar was most active
and recorded the greatest advance of the
day. l9s per cent, General Electrics NOV
IL Lea in1n lxrer1e Of in
other industrials being triiing The
grangers, except Northwest participated
cago, Burlington & quincy each gaining /,
and St Paul Is per cent. Baltimore &
ONO shows an advance of Y and the rest
Lackawanna & Western and Wheeling &
Lake Erie preferred. which lost rs
market closed strong at about the best fig
ures of the day. The movement for the
week resulted generally in the establish
clpal advances being National Starch, AZ;
Pullman and Richmond Terminal preferred
1; General Electric, sas; Burlington &
quincy, 81; st. Paul, S1s; st. Paul pre-
ferred 11@: Rock Island, 2as; Northwest
ia; Consolidated Gas and Iowa Central
preferred, J; Pittsburg, Cincinnati Chicago
and New York Central, Lake Erie x Test,
ern preferred and c., c., c. & St. L., per
terial decline are: Chicago & Eastern Illi-
nois, z; Evansville q Terre Haute s. and
Mobile Ohio l per cent.
The railway and miscellaneous bond mar
ket was firm throughout the day Northern
Pacific and Montana firsts advancing PA:
Savannah & Western frsts 211; Richmond
Terminal Trust receipts, fives ~; Cincin-
natl, Dayton x Ironton fives, IL, and Mis-
souri, Pacific consol skies, l per cent. Hook
ing Valley hves declined rs Chicago, Bur-
lngton q Quincy sinking fund fives sold at
1C6Ss, against 1O3 on Nov. 10. Missouri Pa
cine seconds, extended, sold at 104, against
lOO on Jan. IL. The principal changes on the
week are a decline OF per cent in Hous-
ton & Texas debenture SKIES and advances
OF III per cent. III Cedar Rapids, Iowa Falls
& Northern fves SIS ia Burlington a
Quincy sinking fund hves and in Ohio
Southern tours, ST. Paul gold sevens and
Erie funding flves.
Government bonds were firm. State bonds
were dull.
The following table, prepared by James
E berry, IsoOIn To- Board OF Trade shows
the range of quotations: