The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-06-13
AN UPWARD TENDENCY
AFTER UNLOADING A It'll SUGAR
PRICES ROSE ON 'CHANGE.
Only a Few shares Were Active-In-
dfanapoIfs Board business
More Encouraging.

At New York. yesterday. money on call
was easy at 1 per cent.
Prime mercantile paper. 2%Q4z per cent.
Sterling exchange was dull, with actual
business In bankers bills at si.SSA for de-
mand and at $4s7lz for sixty days; posted
rates. ASs1zd4.90; commercial bills. $4.s6hz.
Silver certificates. 6sg65c. Bar silver
closed at 624sc per ounce; at London.
2s$d.
Total sales Of stocks yesterday amounted
to 1884, l7 shares. There was little or MOTH
ing OF interest in the share speculation and,
although the closing prices in most cases
showed an advance. compared with Mon
day, there was nothing of buoyancy in the
market and the trading was. as a rule, ir-
regular and unsettled. The activity was
confined TO three stocks, Sugar, ST. Paul
and Burlington & Quincy. Chicago Gas.
which had some prominence in the dealings,
was the only other stock in which the
transactions exceeded five thousand shares.
sugar was weak at the opening on sales of
a block of stock bought before the recent
advance, on which profits were taken.
When this was out of the way, a good
buying movement was inaugurated by brok-
ers OF the Sugar clique and, as prices
moved upward the shorts began TO cover,
swelling the volume of the purchases and
causing a steady advance. The early de-
cline was q and a gain OF 2as was made.
There was a good deal of stock bought in
TO close out short accounts In view of the
closing OF the books for the dividend to-
morrow. In the late dealings the stock re-
acted q, leaving a net gain OF rs. Sugar
preferred advanced l. St Paul was bought
by London and the room traders during
the morning, rose q, to 81, subsequently los
ing -. The speculation in the stock was
strengthened by a report that the company
had sold its bonds at figures near the cur
rent quotation on the EXCHANGE BurliQQ-
ton & Quincy opened at an advance of u,
and then, on selling orders, believed to be
closing at a recovery of Il. The raid on
burlington was made in the hope of bring
ing out some long stock, but did not meet
with any measure OF success. Chicago Gas
Is OF the top price, at an advance of "a on
the day. The declaration Of the regular
Western Union dividend was followed BY a
semi-oficial statement that it was fully
earned during the past quarter. 1t had the
effect merely of moving the stock up y per
cent In the late dealings the market was
dull and steady to firm, some few shares
showing signs Of weakness, and, at the
close. the speculation was fairly nrm. The
shares which declined more than a fraction
were: Cotton Oil preferred, Us; Rubber, ~,
and Denver e. Rio Grande preferred. l.
The railway and miscellaneous bond mar
kr was firm to strong all day for the lead
II issues. Some shares. however. record
fnsr losses. The principal changes on the
day are: Advances-Chicago & Eastern ILL.,
nois consols. Colorado Coal and Iron skies
and Hooking Valley, each, 1. Declines
Union Pacific Sinking Fund Fights and Mis-
souri, Kansas & Eastern firsts. each. 2h:
Pacific Montnna firsts, 2; Louisville & New
Albany consols. Pacific of Missouri seconds.
hrsts sold at 10, against Is on Nav 1s-
Government bonds were firm. State bonds
were duh.
Berry, Room l6, Board of Trade, shows the
range or quotations.: