The Indianapolis journal., 1894-04-24
COXEY ARMY FEARED
COmmOnweal Movement Influen-
ces Price Of Stocks.
Bulls in Control of Affairs on New York
'Change-IndianapO Wheat
OH a Decline.

At New York. yesterday. money on. call
was easy at l per cent.
Prime mercantile paper. 2%05 per cent.
Sterling exchange was steady, with act
ual business in bankers bills at $4SSH9
ASST for demand and at S4S7a4S7H for
sixty days; posted rates. S48S44S912; COM
mercial bills. $4s6lz S61z.
Silver certificates. 61Ac. Bar silver closed
at 631sc per ounce; at London. 2S2sd
Total sales OF stocks were ia, 400 shares.
The week opened on the Stock Exchange
with a heavy tone TO the share specula-
tion,which sent prices down during the first
hour and a half of business. The depres-
sion was increased by the weakness of the
London market for American securities.
Arbitrage houses were sellers of St Paul,
Atchison. Union Pacific and other of the
foreign specialties. The room traders were
nearly al the short SIDE of the mar
ket, and the professional bears put out
some heavy lines. The labor question and
the increase of the great army of the un-
employed are being used as unsettling in
huences on the street, and even in some
conservative circles the march on Wash
ington is beginning TO assume a serious
aspect in view Of the excuse which il
offers to professional agitators to create
a disturbance OF the relations between la
Dor and capital. The industrials were
most freely sold during the morning and
gave way most readily. Sugar led with
break Of 2lsc under sales made by oper-
ators who had recently been bulls in the
stock. General electric was also freely
offered in behalf. IL Is said, of the pool
which had brought about the recent adj
vance. and which thought the time had
come to liquidate. The decline in this stock
reached per cent, with a subsequent re-
covery of 19s and final reaction of IL.
New Jersey Central lost ia, American To-
bacco, Union Pacific and Wheeling & Lake
Erie preferred. 12s ;Chicago Gas, L. & N A.
and Cordage, IA; St. Paul. rs. and Atchi-
son and Sugar preferred 1 per cent. Be
tween II and II O'Clock the downward
movement was checked by. purchases to
cover snort contracts and by buying for
the long. account, induced by the lower
range OF values. The purchasing move
D'ent. while not very strong, was steady
throughout the early afternoon, and recoV-
cries were made not exceeding a frac-
ticn. except in the case of Cordage, which
rallied per cent. The higher figures were
maintained until after delivery hour. when
a renewal OF the selling caused a reac-
ment was lost and still lower figures were
touched IN many instances, Northern Pa
eihc making total decline of IL, and ad-
ditional declines being recorded of 81 i'm
American Tobacco and 1sM1s in other
shares of the active list. Sugar recov-
cred IA OF the morning. decline, losing Il
being rs; preferred, 1 per cent. The other
Grief declines of the day are: American
Tobacco and New York x New Haven. 2:
General Electric, rs: New Jersey Central
and Delaware, Lackawanna * Western
lss; Louisville & Nashville. rs; Lead and
Northern Pacific preferred. IL: Chicago
Gas, Manhattan and Lake Erie & Western
preferred. l@s: Union Pacific and Wheeling
& Lake Erie preferred, ia, and St paul
and Starch first preferred. per cent Some
few shares recorded an advance on the
days transactions. notably ST. Paul & Du-
luth and United States Leather preferred
l per cent The death OF Jesse Selignan'
the banker, was received with universal
the banking house not being much inter
eSt3d In stocks.
The bond market was weak throughout
the day. Government bonds were steady
State bonds were dull.
The following table. prepared by James E.
Berry, Room l6. Board OF Trade. shows the
OF quotations: