The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-08-23
THE INDIANA TRUST GO
OFFICES s. Meridian st.
Capital. 100000
| RANGE HIGHER
IRREGULAR SHARE SPECULATION
WITH THE CLIQUEs IN CONTROL.
Whisky Trust Breaks the Spell Hang
ing Over Ii and Becomes Quite
ctive-Loca Trade Quiet.

At New York, yesterday, money on call
was easy at 1 per cent.
Prime mercantile paper, 3Q5 per cent.
Sterling exchange was firm. with actual
business in bankers bills at s4.S6sta4.S7 for
demand. at S4.S6a4.S6A for sixty days;
posted rates, A.S61214.S7 and S4S712G4SS;
commercial bills, A.SAc.
Silver certificates. 66G661sc. Bar silver
closed at Sac per ounce; Mexican dollars.
SIC. At London bar silver closed at BOD.
Total sales of stocks were I77.417 shares.
including: Atchison, 300; Cotton Oil. A.
800; American Sugar. 22,6OO; Burlington. H.
40; Chicago Gas, 1900; Distilling. $500;
General Electric. 200; Louisville q Nash
vile, 400; Missouri Pacific, 5000; New
York & New England, third assessment
paid, 1900; Rock Island, 5000; st. Paul.
$500.
The share speculation was rather irreg-
ular, advances and declines following each
other with frequency. but the reactions as
a rule were less than the gains and con-
sequently the trading resulted in the es-
Enlistment of a higher range of values
throughout the greater part of the list.
London was in the marke; both as a seller
and buyer. but not TO any great extent.
and the dealings, as a whole. were only in
moderate volume, being mainly confined TO
the professionals, the commission houses
-. so "a 0AAlh Ol III DISlleSS. 1dllI
probabilities had a little to do with the
lTregularity OF share movements there be-
ing more than one opinion as to the presi-
dentlai action and many rumors. Distiling
was the spectacular feature of the DAVIS
trading, the changes being rung on the
money had been secured, and again that
II had not. The CLIQUE of insiders was
a f6ft se in imani io Ia the shares. the eff
lowing, enabling the pool TO get stock at
It's own figures. Within a few minutes of
cent. to 20, and as quickly was Hammered
down to 1925. Before noon 1t had been adj
hour was moved b BACK I fo Isfyy a T5en c that
another upward turn 10 Il. with a final re-
action to D1a, leaving a gain of 2 per cent.
on the largest volume OF business of any
day for months past. Sugar, which came
next In point of activity. fell off y in the
opening dealings, but quickly recovered the
noon and an additional * by 1:45 o'clock.
when 114A. the highest point of the day,
the stock was sold briskly and closed III
down from the best, but y per cent.
shortly after the opening to depreciate the
grangers, but il was stoutly resisted and
was Ineffective, these shares being strongly
held and showing advance at the close of
,2uk per cent.
The bond market was heavy in the
Changes on the day were: AdvancesR lefraeG
Bay, WinOna * St. Paul firs,s, 3 per cent:
Wabash fTsts. Detroit & Chicago Exten-
Electric debenture fives. 1%: Cincinnati,
Dayton & IrontOn fives, Northern Pacific
Terminal irsts and Hooking Valley fves. !.
Deelines-Union Elevated frsts and Lake
Erie 4 Western fves, IL. per cent; Erie
seconds consOls, IL; Reading irsts. Pitts
burg, Cleveland, Chicago & St. Louis four
and-a-quarters, series Il, and Rock Island
extended hves, registered, 1.
Government bonds were quiet. State
bonds were dull.
The following table, prepared by James
r. Berry, Room l6, Board OF Trade. shows
the range of quotations.: