The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-06-22
STOCKS ARE TIRED
OPERATIONS IN WALL STREET ON
III DECLINE FOUR DAYS.
Sugar, Gas and AfchIson Take the
Lead I'm the DeaIings-IndianaDo-
lis Market More Brisk.

At New York. yesterday, money On call
was easy at l per cent.
Prime mercantile paper. 2&G41z per cent.
Sterling exchange was duh and easier.
with actual business in bankers bills at
A-sSA for demand and at $4.S71z for sixty
days; posted rates. $4sS1sq49O; commercial
bills. A.s6%.
Silver certificates. 6fd65c. Bar silver closed
at SShsc per ounce; at London, Is 15-16d.
Total sales of stocks were los, $50 shares.
Share speculation was dull again yesterday,
the volume OF business being lighter even
than on wednesday. The trend of prices
was generally In Sugar, which
was most active of the list. the trading
was languid, except at intervals, when the
bears made a small demonstration. After
an advance OF rs in the opening dealings,
the shares declined gradually rs. to 961s,
some small lots Of long stock being brought
out By the decline. At the lower figures
purchases 10 cover short contracts were
made and a recovery OF l ensued, leaving
a loss of q on the day. Chicago Gas was
heavy during the morning and early after
noon on sales by room traders, who, find
ing that there were no supporting orders
on the stock. hammered IL down Ia, the
raid being accompanied by rumors that
there was doubt as to the payment OF the
dividend. II Is. however, generally believed
that the regular dividend will be declared
on Saturday. and possibly to-day. The final
sale was made at a recovery OF II from
the lowest point touched Reports OF poor
crops in Kansas and Missouri caused sales
Of Missouri Pacific which sent the stock
down IL. with a subsequent rally of ~.
The publication Of the Atchison plan of re-
organization does not seem 10 have over
1oyed the stockholders, for, after a gain
OF "a at the opening, the shares gagged off
q, 10 5s. on sales of long stock, being the
lowest point yet touched. The fact that no
light is thrown on the financial condition
OF rhe company was remarked on u~nfavOra-
bly, in the street. and the granting of vot-
ing power to the new income bonds was
not looked on as an advantage to the stock
holders. London was a small buyer of Atch-
ison in the morning The grangeS were
again neglected. the transactions in the en-
tire group being less than 5000 shares, OF
which st. Paul took more than oneIhalf.
W~elis-Fargo lost 1 on the reduction in the
rate of the -semf-annual dividend from 81
TO s. per Snare. LAX Shore. United States
Cordage guaranteed and Consolidated Gas
are each l lower. and the general list shows
declines ranging from Is to Is. In the final
dealings the market was firmer than at
any other time during the day, and closed
in fairly good tone.
The railway and miscellaneous bond mar
ket was generally weak during the day,
but in the late dealings a recovery was
made in some of the issues traded in. Col
orado Midland firsts sold at 771z. against
72iz on May "a.
Government bonds were steady. State
bonds were firm.
The following table, prepared by James e.
Berry. Room Is, Board Of Trade, shows the
range OF quotations.: