The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-09-13
THE TRUST SUFFERED
WHISKY STOCK cav AND DE-
CLINED ON BAD REPORTS OUT.
General Market Strong with a Num-
Der of ACKNOWLEDGEMENTS
Grain Dull and Unchanged.

At New York. yesterday, money on call
was easy at 1 per cent.
Prime mercantile paper, 3@5k per cent.
Sterling exchange was firm. with actual
business in bankers bills at s4-s5Aa4se for
demand and &.s5q4SA for sixty days;
posted rates. S4S51RQ4S6 and s4S7: CONNER
ciaI bills. s44.
Silver certificates. 64Ac. Bar silver closed
at 64c per ounce; Mexican dollars. 52ikc.
AT London. bar silver closed at 20 7-16d.
Total sales of stocks were 1S5, 25 shares.
including: Atchison, 300: American Sugar.
300; Burlington. 1880; Chicago Gas, 400;
Chesapeake & Ohio. 5000; Distillers'. L. 40;
Reading. 500; Rock Island. 800: st. Paul,
IL. 200; Western Union, $500.
The speculation in the stock market, ex-
cept during the first hour of business. was
strong in tone. but the volume of the
transactions was rather light. At the
opening a drive was made by the bears
on the general list. which was induced by
the heaviness of American securities on
the London Exchange and by a moderate
selling movement in the United States mar
ket for foreign account Under this press
ure prices gave way materially. Sugar de-
Ginning IA. to 1895; Burlington & Quincy
rs. to 755s; United States Cordage Ia, to
Is, and the rest of the shares a fraction,
with some few unimportant exceptions.
The depression in Sugar was due to a re-
port that the directors were not unani-
NOUS In the declaration Of the dividend,
and that one of the leading members of the
board was In favor of making the dividend
2 per cent. The conditions were not IA
vorable for a bear movement. All the divi-
dends as to which there had been doubt
had been declared at the regular rate,
and Western Union came out with a ia
hIA RannRf aud The atrl I'll
News from the reorganization committees
were rather favorable. A ready absorb
ton Of the stocks offered for sale checked
the movement of the short interest, and a
gradual improvement in values was begun,
which. with an occasional slight reaction,
continued to the close; The early declines
and during the afternoon a higher range
Of values was established. the market clos
ing firm at a very general advance of AG
2 on the days transactions. The strength
OF the coal stocks was a marked feature
of the speculation, and was accompanied
was about to be formed. OF course, the
rise in Reading was also assisted by the
exported PROGRESS toward organization
Sugar sold up Ia from the low point of
the morning and reacted a, retaining a
gain of "a Burlington * Quincy recovered
all but , of the morning break. Cordage
recovered las. Distilling was weak all day,
closing at the lowest point touched, which
was rs below the final sale OF Tuesday.
The depression in the shares was due to
the action Of the holders of rebate vouch-
ers of the company in appointing a com
nittee to protect their interests and ex-
anime the affairs of the capital. c., c., c.
& St. Louis and Northern Pacific preferred
are unchanged on the day.
n generally firm tone marked the deal
ings in the bond market and considerable
activity was developed. The transactions
aggregated $1,S95, 900. Northern Pacific
dividend scrip opened at IS and sold up to
40. Other fluctuations of note were: AID
v~ances-United States Cordage firsts,
Chesapeake & Ohio Southern skies and
Toledo, ST. Louis * Kansas City trust re-
ceipts. ~. Burlington debenture fves de-
chned IA per cent.
The following table, prepared by James
+. Berry, Room 16. Board of Trade, shows
the range OF quotations: