The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-06-19
SPECULATION WEAK
MOST OF A SMALL DAYS BUSINESS
CONFINED To INDUsTRIALs.
Much Conjecture Concerning Atchi-
son REORGANIZATION scheme-Indf-
annapolis Wheat Lower.

At New York, yesterday, money on call
was easy at 1 per cent.
Prime mercantile paper. 2A94lz per cent.
Sterling exchange was duh but firm. with
actual business in bankers bills at A.SSA
for demand and s4s7ha4S7A for sixty days;
posted rates. $4.SskQ4.sO; commercial bills.
S4.sss..
Silver certificates, 64965c. Bar silver
closed at 62Ac per ounce; at London, 2S%d.
Total sales OF stocks amounted TO 117.15S
shares, 1t was announced last week that
the Atchison reorganization plan would be
perfected yesterday and the fun details
made public. The committee were in ses-
sion in the afternoon, but did not reach a
final conclusion and deferred the ~publica-
ton of the scheme OF reorganization until
to-day. 1t is understood that the commit
tees are in harmony with the New York
committee and that all interests are taken
care of in the plan which has already been
foreshadowed in this report. The street is
anxiously awaiting the publication of the
plan in view Of the fact that there are 9TH
er reorganizations stin pending for which
the Atchison scheme might serve as an ex-
ample to be followed in some particulars.
There was a hating. unsettled tone to the
speculation on the Stock Exchange. as if
the operators were waiting for something
10 turn up. Nearly half the business done
was in the industrials, the only active
shares OF the railway list being st. Paul
and Burlington & Quincy. The engage
ment OF 100000 in gold for shipment for
Europe by to-morrow's steamer had no
effect on the market. the gold being sent
merely by reason OF the scarcity of bank
ers' sterling bills. and it does not change
the views OF the leading bankers who be-
lieve that July will see the end Of the gold
export movement. The arbitrage houses
were not In the market to any appreciate
M n n 4 ~ nrf0n 2nNrrf
ties on the London Exchange was not en-
SS~4uraf EaSi chicago was a seller Of
a buyer of Chicago Gas. Sugar opened at
an advance of q and under moderate
buying rose an additional IS TO $685.. The
higher range of values induced sales to
realize profits and a reaction of Ia took
place, of which * had been recovered at
the close, making a gain OF a on the day,
the preferred recording a similar improve
ment. Chicago Gas was in good request
by. brokers of the clique. which has been
bulling the stock Of late. and despite the
with occasional slight reactions IL, react
ing y at the close The unexpectedly
heavy decrease in We earnings of st. Paul
for the second week of June led to an at
tack on that stock, which fell off q, only
10 make a complete recovery under sup
porting orders, the closing price being
within y OF the best figures of the day.
burlington & Quincy, after an early de-
cline or =, rose q, and reacted n; Rock
vest stand, srSSs u ne ansadee Union on q P anc Mor Ths
A&MIA "a .
weak in the early dealings and receded L
per cent. on the report that Attorney-gen-
eral Olney had decided to commence pro-
ceedings to secure payment of the govern
ment debt. On the denial OF the rumor
from Washington a recovery of - was
made. Alton & Terre Haute shares were
very strong. the common stocks advanc-
ing ia and the preferred 171k. The inn
provement in these securities is due to the
Encouragement Of the debt of the COR
pany on a basis which IL is expected will
bring the common stock into the dividend
paying list. Denver & Rio Grande. pre-
ferred. declined rs and Pittsburg. CIeve-
land. Chicago e. St Louis 1 per- cent, the
other changes being fractional. At the
close the general market was firm.
The bond market was firm !, the morn
Ing, became unsettled during the after
noon and closed irregular. Changes were:
Declines-Toledo. Peoria & Western frsts.
2: Atlantic & Pacific fours. Ia; Northern
Pacific. IL: Peoples Gas of Chicago sec
2nds. / per cent. Advances-United States
cordage frsts. IL; Alton & Terre Haute
dividend bonds. 1: Wisconsin Central hrsrs
sold at so. against ! on May 16: Peoria,
Decatur & Evansville firsts sold at S6k,
against So on May 10.
Government bonds were firm. State
bonds were inactive.
The following table. PREPARED by James E.
Berry, Room is. Board OF Trade. shows the
range OF quotations.: