The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-08-24
DEMAND FOR STOCKS
ACTIVE BUSINESS WELL DIsTRIBuT-
KID AMONG THE SHARE LIST.
Pullman One of the Few Exceptions
hat Observation-Disclosures Mar
kets Generally Unchanged.

At New York. yesterday, money on call
was easy at 1 per cent.
Prime mercantile paper. $685. per cent.
Sterling exchange was steady. with ac-
tual business in bankers bills at A.S6AG4S7
for demand and $4.S5AQ4.s6 for sixty days;
posted rates. $Ls61zQ4.S7 and &LS712a4SS;
commercial bills. $4.S4A0lS.
Silver certificates. soc bid. Bar silver
closed at $40 per ounce; Mexican dollars.
5lAc; at London bar silver closed at
20 13-16d.
Total sales OF stocks were 23S.S5S shares,
including: American Cotton, $500; Sugar,
1850; Burlington. 31.1Oo; Chicago Gas. $500;
G., G., c. & St L.. $500; Distillers, 400;
General Electric. 400; Louisville & Nash
vile. 500; Manhattan. 5000; Missouri Pa
cihc, $500; Reading, 1850; Rock Island, H.
600; st. Paul, 20.6O0.
The volume of business on the Stock Ex-
change was fairly good and the dealings
well distributed. 1t was a bull market,
and at the close substantial gains had been
established on the days transactions, in
which but few shares failed to participate.
n feature of the speculation was the brisk
demand for the Vanderbilt shares, princi-
pally Lake Shore. of which there was but
a scant supply in the market and in which
a large share interest developed. The up
ward movement in Lake Shore was started
by an attempt to fill a large order to buy
the stock for a short interest. Sufficient
stock was not obtained to complete the
order, but the stock was bid up by the
traders, and before moon touched 1873, an
advance OF Az per cent. on Wednesdays
closing sale: During the afternoon the
trading in the stock was light, the closing
price being at a reduction of Is, but at 3s
per cent. advance on the day. y sympa-
thetic advance was made in Canada South
pFn and NavV York Central In the qTanOnFG
there was very good buying. notably in
Burlington q Quincy, in which it is said a
bull pool was formed. Burlington closed Is
from the top, at an advance of pa. Prom
inent advances on the days transactions
were: New York. Chicago & ST: Louis
frsts preferred. 8; New York. Chicago *
St. Louis second preferred, IL; New York.
Chicago & ST. Louis common, l.; United
States Leather preferred, "a; Consolidated
preferred, Ia; c., c., c.. & st. L., 112; St.
Paul & Omaha. IL; Union Pacific, rs. and
Erie & w Rteh rn@Dir ~ T 9iTa1H Iag Z per G d1t.
tuating between 11419qI135s, and closing Y
below the highest figures, but Il up on the
day. The only declines of moment recorded
were Ia per cent. in Pittsburg & Western
preferred, q in Canadian Pacific and y in
Pullman. The market closed strong.
The railway and miscellaneous bond mar
ket was strong and very active, the days
transactions aggregating $685. 600. Reading
material advances. including a gain of 14
in general tours, 212 in first preferences,
q in the seconds. ia in the thirds and rs
in the deferred incomes. The entire list
traded in moved upward, and the advances
above a fraction were: Green Bay, Winona
& St Paul frsts, 2R per cent; St. Paul
seconds, sevens, ?; Chicago Gas firSts, rs;
Cincinnati. Dayton & Ironton fives. IA:
General Electric debenture fves and Erie
second %consols, rs; Northern Pacific frsts,
Northern Montana frsts, Richmond & Dan
vile stamped ives, Richmond Terminal
stamped SKIES, Toledo & Ohio Central
flves, Western division and Western New
Work q pannSVlVqniq frCfS nar rant
Government bonds were strong and State
bonds were dull.
The following table. prepared by James
E Berry, Room 16. Board of Trade. shows
the range of mutations.