The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-06-05
ACTIVE AND STRONG
WEEK ON THE STOCK EXCHANGE
OPENED WITH GOOD BUSINESS.
Sd Paul Furnished n Surprise and
Led tn Considerable Buying-Indi-
annapolis Grain Doing Well.

AZ New York. Monday, money on call
was easy at 1 per cent.
Prime mercantile paper. 3Qfh per cent.
Sterling exchange was dull, with actual
business in bankers bills at $4.SS4 for de-
.mand and at s4s715 for sixty days; posted
rates, A-SS1zQ4.90; commercial bills, s4.S6150
4S6A.
Silver certificates, 64@65c. Bar silver
closed at 621kc per ounce; at London, 2sSsd.
Sales of stocks amounted to 170,S56 shares.
The week opened on the Stock Exchange
with a fairly active speculation and a
strong tone to the trading. London was
a factor in the advancing tendency of
prices. both as a buyer in the market of
ST. Paul, Louisville & Nashville and other
'of the arbitrage stocks, and also by rea-
son of the Improvement of American Sc
scurities or the London Stock Exchange.
One of the principal influences in srecula-
ton was the Unexpectedly small decrease
in the St Paul earnings for the month
OF May. A loss Of $4,000, at least, had been
anticipated, and when only about half that
amount was reported the short interest
IN the stock was a trifie scared and be-
gan to cover. Purchases of the railway list
IN general were also stimulated. but the
industrial stocks did not sympathize in
THE movement. except Tobacco, Distilling,
Lead and Cordage. Sugar was notably
weak, and on heavy sales, said to be
mainly TO realize profits of the recent adj
vance, declined 2s TO 102A. The lower figure
induced purchases which caused a recovery
Of "a, but In the final dealings another
selling movement was developed which re-
suited in a reaction of 1 per cent, the
last sale being made at a decline OF l on
the day. Both foreign and local buying
wac good in st. Paul. and an improve
ment OF rs was made during the morning,
of Which y was lost in the late dealings.
Burlington was not largely dealt in. but
counf and rose l per cent, reacting Il in
the later trading. Northwest gained q and
Rock Island n Selling orders in Chicago
Gas were on the board at the opening
for the account of some OF those who acted
with the bull Clique last week, and who
were willing to accept the profit shown
by The current price. The sales sent the
STOCK down Ia, but all offerings were read
recorded, followed by a reaction OF / per
cent. The final sale was " per cent above
the lowest point touched.
In the rest OF the list the volume of
business was light, but during the greater
part of the day the dealings were strong
In tone Toward the close. however, an
easier tone prevailed and the market closed
slightly lower. Advances were recorded of
z per cent. in Tobacco, Ia in Lake Shore
and rs In Louisville. Declines were regis
tered of 3 per cent in Great Northern
preferred, IL In Canadian Pacific and 1
In National Linseed. Louisville & New
Albany, Delaware and Hudson and Tobacco
preferred.
The bond market was generally firm, the
principal changes being: Declines-St. Lou
is & San Francisco consol fours, 81; and
Louisville 4 Nashville unified fours, 10.
Government bonds were steady; State
bonds were inactive.
ane following rabIe prepared by James T.
>ange OF quotations: