The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-09-15
CHICAGO GAS GUSHING
FRIENDS TURN AGAINST TT AND THE
STOCK FALLS 1T PER CENT.
Atchison Has n Narrow Escape from
Bear acknowledgements Markets
Dull and FeatureIess.

vt New York. yesterday, money on call
was easy at 1 per cent.
Prine mercantile paper. 5G52 per cent.
Sterling exchange was firm, with actual
business in bankers bills at $.S6Aais5l2
for demand. and at $4.S5Ha4.s51. for sixty
days: posted rates. sLSIk44.ssA and A.s7a
ISL: commercial bills. $4sfH1lS4i=.
silver certificates. 65as5hc. Bar silver
closed at s4L.c per ounce; Mexican dollars.
52I<c; at London bar silver closed at
- s-l6d.
Total sales of stocks were 1867 shares.
including the following: AtchisOn, $50;
American Sugar. 1880: Burlington, I. 7c0;
Chicago Gas. 80. 400; DistilIers. 800; General
Electric. 5000: Northern Pacific preferred.
$3.50; 81. Paul. 1850: Western Union. 1900.
An important development of the Atebi-
con situation was the chief even: Of the
day in Wall street Friday. Meetings of the
directory OF the company had been held
the past two days. and in the afternoon
the announcement was made that six men,
bers Of the board had resigned. The news
OF the changes in the directory did not
reach Wall street until shortly before 3
o'clock. and therefore but little time was
left TO make its impression on the stock
OF the company. Ii had been weak all day
on light trading. and had declined Is from
the opening 10 "a when the facts became
known on 'Cnange. and only one sale of
100 shares at rs was effected thereafter,
the total sales OF the day being only 1880,
and the decline only y. Chicago Gas was
sold heavily by "A pool which had recently
been bulls in the stock, the cause alleged
for the movement being the probability Of
a war of rates. n break of 31z. TO 70$s. was
erected. the lowest point being touched
shortly before the close, the final salss be-
ing at a recovery of u. making the net
loss 34- Northern Pacific preferred declined
Us on sales by holders VINO had bought i'm
ANTICIPATION OF a contest at the coming
election. and who marksted their stock on
the announcement that there would be no
opposition TO the reelection of President
Ives Sugar opened Is lower, rose q and
closed - below the highest point touched.
The trading in the shares was uninterest-
grangers was fairly firm. except in North
west. which was feveriSh on conflicting re-
ports regarding its prospects in the imme-
date future. Opening Sac higher. il dropped
and Rock Island gained Il and Burlington
a on the day. American District Telegraph
and Lead are down l per cent, the other
LOSES being fractional. Susquehanna &
western preferred. Minneapolis & St. Louis
and American Cable snow advances of /
per cent. Consolidated Gas 2Is. and Edison
Electric OF Brooklyn D per cent. At the
close speculation was generally weak in
tone.
A diminished volume of business was
transacted in the bond market. the sales
aggregatins only 1911 600. Speculation gem
orally tended downward. but some substan-
issues.
Government bonds were firm. State bonds
were inactive.
The following table. prepared by James
h Berry, Room Is. Board of Trade. shows
Inc range or quotations.: