The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-07-03
DOWN WITH A RUSH
PULLMAN STOCK DECLINED A PER
CENT. IN THIRTY MINUTES.
Late in the Day the Share List Made
n Strong RaIIy-At Indianapo-
49, lis Grain Is in Demand.

At New York money on call was easy
at l per cent.
Prime mercantile paper. 22td412 per cent.
Sterling exchange was heavy, with actual
business in bankers bills at $isSA for de-
mand and at $4.s7A for sixty days. posted
rates. $4.SSGLS91a; commercial bills, S4S6.
Silver certificates. 64965c Bar silver
closed at 621zc per ounce: at London, 2s24d.
Total sales of stocks amounted to 1OS,-
iS0 shares. The proportions which the rail-
way strike has assumed affected the stock
market yesterday very unfavorably, and
as a result a majority of the shares traded
N show "A decline in the days transac-
hons. The speculation was heaviest in the
npening dealings, when Pullman was sold
down 3lz per cent, Sugar pa. Distilling
IA, the grangers &sdB and the general
list HOS Prices continued to decline dur
ing the first half hour of business. Pull
man losing additional y per cent,
bringing il down to 1551a. as against 1872
at the close on Saturday. Toledo & Ohio
Central lost 11s per cent These declines
were effected without the putting out of
"A great deal of stock. and when the mar
Iet was relieved of the pressure of the
offerings rally took place which did not
extend beyond fraction. and which was
only temporary in its character, another
reaction setting in before II O'Clock under
a bear raid in which the industriaIs were
tne chief sufferers. The depression con-
tlnued until about noon, when a steadier
which was attacked by the bears and
forced down 10 ms. a decline of 13s from
saturday The break was mainly due TO
reports that the decree asked for by the
encouragement of Illinois in the litiga-
ton against the company would be mo6i-
Ted so as 10 be less advantageous to the
We mot
affected by the weakness of gas and the
stock scare having worn off somewhat,
range of prices whose purchases caused an
appreciation of values which was most
marked in those shares weakest in the
cary trading Pullman rallied 2A per
cent. Sugar 49,. Chicago Gas rs and the
general list lsQfs shortly before 2 o'clock.
Manhattan declined rs and there was a
ket. but a shap rally took place and the
unal dealings were decidedly strong in
tone, the speculation showing decided
upward tendency at the close. The great
er portion of the early losses had been re-
covered. and the only stocks which show
a decline OF more than fraction in the
Central l1g G., c., c. q st. l.. rs and
American Tobacco l per cent. Some few
notably Baltimore & Ohio. Lead preferred
and Long Island Traction, which have
EACH gained l.
The bond market was firm i'm the morn
ing. but became easier during the after
noon and closed slightly heavy. the lead
ing changes being: Observation-Disclosures
twenty-five-year debenture fves. rs: Pitts
burg x Western firsts. Richmond K Dan
Vile skies and Wabash seconds. AZ; Erie
seconds, consol trust receipts, 10. Adj
vances-St. Louis K San Francisco trust
fives. 5; Milwaukee. Lake Shore & West
ern, Michigan division firsts 2 and Peoria.
Decatur & Evansville seconds per cent
Government bonds were steady State
bonds were dull.
The following table, prepared by James T.
Berry. Room Is. Board OF Trade, shows the
range of quotations: