The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-05-06
SUGAR THE FEATURE
Half the Business OH Change in
the Leading Trust Shares.
Changers Not Largely Sought After
Indianapolis Board Trading
Shows Some Activity.

At New York, Saturday, money on call
vas easy at 1 per cent.
Prime mercantile paper, 3d5 per cent.
Sterling exchange was steady, with ac-
tual business in bankers bills at $4.SS%0
LS9 for demand. and at $4.S7AG4Srk for
sixty days; posted rates. $l.ss1aQ49O; com
mercial bills. A.S6AQ4.S61a.
Silver certificates, e4G65c. Bar silver
closed at 6s2sc per ounce; at London, 29d.
The New York weekly bank statement
shows the following changes:
Reserve, decrease S6O9. 500
Loans, increase. A. 259 500
49, InGIsdse. 6l4,600
Deposits, increase a, $4,000
The banks now hold $50. sos, $50 in excess
of the requirements of the % per cent. rule.
The banks gained. during the week, by the
interior movement, S,S57,OO0 in gold and
legal tenders and lost by gold exports and
subtreasury operations, $500, 600, making a
net gain of $4,000.
Total sales amounted to 1903, 2I3 shares.
The speculation on the Stock Exchange,
Saturday. was monopolized by the indus
trial group, almost one-half OF the trans
actions being in Sugar. OF the railway list,
Atchison was most active, but was traded
IN only to the extent of $500 shares. while
the dealings in the grangers footed less
than 5000 shares. The only interesting
feature in the market was Sugar, which
was pressed for sale at the opening to re-
alize profits of the recent advances. Open
ing y higher. the price broke l per cent,
when supporting orders caused a recovery
OF the entire loss. and then the stock was
held steadily until after IL o'clock. An
started which sent the figures again
on the downward track. Support was lack
inc and yaryr M sion nE1aFE - rannha Il
causing a break that was not checked until
a loss of IA per cent. had been experienced.
leave their lines out over Sunday began to
cover at this point, and their purchases
caused a rally OF IL per cent, the closing
sale being at a decline OF 2s per cent. Sugar
preferred rose u at the opening and de-
clined la, making a net loss OF IL per cent.
There were rumOrs on the street that per-
haps the settlement of the sugar schedule
of the tariff bill in the interest of the re-
finers might not be so easy as anticipated,
and that some further complications were
likely TO occur. The other industriais sympa-
thiZed with the weakness OF their leader,
Distilling declining rs per cent, to 21s,
stop orders having been uncovered at u.
The final sales were in better tone, the
stock recording a recovery of y per cent.
Chicago Gas gave way rs. with a final rally
Is IN the early trading, receded l per cent,
recovering u per cent. The rest of the trust
merely lost MaL on the day. The period
OF greatest depression was after half past
II O'Clock, but a slight rally took place IN
the final dealings, and the market closed
fairly steady.
The share speculation during the week
was irregular and unsettled. and the last
prices made in a majority OF cases are be-
low the closing figures of Saturday a week
ago, the more notable declines being: New
York Sc New Haven, 2; Wheeling * Lake
Erie preferred, 2BN New England, 2S;
Reading, ~, and New Jersey Central. pa.
The shares which gained 2 per cent or over
are II. Paul, Minneapolis K Manitoba, 4,
and Sugar. pa.
The bond market was dull and without
important change, except that Manhattan
consul fours declined Ia per cent. The
general tone of the market was firm. The
principal changes on the weeks tranSac-
tons are: Declines-Erie second trust re-
ceipts. 7ls: Union Pacihc collateral trust.
4 per cent, and Reading first preferences,
4; Reading seconds and thirds, pa, and
Reading thirds convertible. 215 per cent.
Advances-AissouTi Pacific thirds. Peoria.
Decatur * Evansville firsts, Wheeling &
Lake Erie hves and Louisville & Nash
Vile and New Orleans * Mobile seconds.
, per cent.
Government bonds were quiet. State
bonds were inactive.
The foliOwiu table, prepared by James T..
Berry. Room Is, Board OF Trade. shows the
range of quotations: