The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-10-08
STOCKS WERE STRONG
PRICES STEADILY ADVANCED ON A
SMALL VOLUME OF BUSINESS.
Chicago Gas Continues to Head the
Active List on New York Chang
Local Quiet.

was easy at l per cent all day.
Prime mercantile paper, 365 per cent
Sterling exchange was firm. with actual
business in bankers bills at A.ssAa4.S for
demand and at s4S5d4S for sixty days;
posted rates. A.s6lz@4s7 and $Ls7hq4Ss;
commercial bills, $4.S4A.
Silver certificates. s37sc bid. Bar silver.
63Ac; Mexican dollars. 5lAc; at London
bar silver closed at % SLED.
The New York weekly bank statement
shows the following changes:
Reserve. 81, $40, SIS
loans, 2,Il6.1O
specie, increase. 2O4,60O
Legal tenders, acknowledgements. Sls,5OO
Deposits, 2, 9O7, 900
The banks now hold s59, 4Os, 900 in excess
OF the requirements of the twenty-hve-per-
The total sales Of stocks were 6S,O23
shares. including: Sugar: $500: Bay State
Gas, 300; Burlington, 1900; Chicago Gas,
1890; Distillers. 3,1Oo; Louisville & Nash
vile, 1000.
The stock market was strong during
the two hours Of business Saturday., and
prices advanced steadily on a small vol
ume OF business. The buying was largely
for the short account, the bears having ap-
parently concluded that in the present tenn
per of speculation it was the part of wis
dom to keep their lines well In hand over
Sunday The features of the trading were
Chicago Gas. Reading and Western Union.
Reports touching the favorable effect of
the contract with the Universal Gas Com
pany on Chicago Gas were used by the
bull clique in the stock TO move it up. and
an advance of la per cent. was made, Of
which only Il had been lost at the close.
Philadelphia houses were good buyers of
Reading for purposes of voting at annual
GlGCTlOn in Ia nIIaF nv cf0ck HAVING RI ~ k41I
Tor three months before the election to
qualify the holders to vote. An advance of
OF the day. The purchasing movement on
western Union IS said TO have been by an
old bull pool in the Stock, which has again
known trader. The shares rose III, to Ssz.
eloslng y below the highest price touched.
sugar was neglected, but shared in the gem
eral business, the common gaining Il and
the preferred Il. There was brisk covering
in the grangers. but the price did not APP
Showing Showing m dVsneesy Of ' only closing q m N saatasions
ern and e in Burlington q Quincy. Dis
filling moved Up y ON small trading. Bay
this morning admitted to w tSs
unlisted department of the Stock
Exchange. and was dealt in to the extent
or 300 shares, opening at 30as, receding TO
~, advancing to - and closing at 31Z.
Those who were instrumental in having IL
listed gave out the point that a gas COM
bine was impending in Boston. BUT II is
believed that the trading in the stock was
cOnnned 10 the insiders altogether. The
dealings in the rest of the list were lighf
and fractional advances were made. The
market closed strong.
On the week the changes are pretty
evenly divided on both sides of the market
The principal advances are: Chicago Gas.
AZ; ST. Paul, Minneapolis & Manitoba, 80:
Adams Express. 3; Reading, 2%; Consoli-
dated Gas. ~; Burlington & Quincy. IS:
Western Union and Starch seconds pre-.
ferred, Is In the list of declines are.
Sugar, 3A;sPy G., c. & st. L., 2h; Cordase.
1sc; Louisville K New Albany, la: Baiti-
more & Ohio and Louisville & Nashville.
rs; Louisville & New Albany, ~: Balfi,
Paul & Duluth and Rubber preferred. / per
cent.
The bond market was firm and fairly ac-
tive, the total transactions being 1918. 600.
The market has followed the share specu-
lation pretty closely during the week. and
the result of the trading Is that about as
many declines have been made as adj
vances. The principal gains are: Toledo
& Ann Arbor and Cadillac frsts. Az.
Louisville & Nashville general skies, AZ.
Declnes-Kings County Elevated frsts. I
per cent; st. a second sevens. ga:
Wheeling & Lake Erie firsts, Wheeling di,
vision, 4; United States Cordage firsts.
Consumers Gas of Chicago and Northern
Pacific registered certificates, g..
The following table. prepared by James
f. Berry, Room is, Board OF Trade, shows
the range Of quotations.: