The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-11-10
SPECULATION ACTIVE
HEAVY TRANSACTIONS ON THE NEW
YORK STOCK EXCHANGE.
Sugar Shares I'm the Lead-Trading In
fluenced by an UnconGrmed Rumor
of Another Issue of Bonds.
AT New York. yesterday. money on call

At New York. yesterday. money on call
was easy at l per cent
Prime mercantile paper, 21kG31z per cent.
Sterling exchange was barely steady. with
actual business in bankers bills at s4.s71.0
4S7A for demand and at &.s6ikd4S6A for
sixty days; posted rates. A-S71kq4sS and
S4ss1kG4.s9: commercial bills. s4SA.
Silver certificates, size bid. Bar silver
closed at s3zc per ounce: Mexican dollars.
5lAc; at London bar silver closed at 29lsd.
Total sales of stocks were %, Ala shares,
including the following: Atchison. $500;
American Sugar. $500; Burlington, $500;
Chicago Gas. 21.70O; Distilling, 300; Gen.
eral Eclectic. 500: Louisville & Nashville.
500: Manhattan. 400: Lead, 5.4oo; New Jer-
sey Central, 10, 100; Northwestern, 100; Pa
cifc Mail, 800; Rock Island. n,1oo; ST.
Paul, 5000; Western Union. 7,100.
Speculation was active on the New York
Stock Exchange yesterday, ard the transac-
tons exceeded even the heavy totals or the
pas. few days. approaching nearly 10 the
observation-disclosures mark. The leader
In the trading was the old-time favorite,
Sugar, and next in point OF activity were
the grangers. Chicago Gas and New Jer-
sey Central. Business was better distriDu-
ted than usual, and some Of the specia.te5
came In for a share OF speculative attehuon'
London traded on both SIDES OF the account,
a little the heaviest, perhaps. as seller, put
and late in the day Washington houses
were buyers on a report, Dut a very vague
one. that a government bond issue was IN
contemplation A large part OF the deal-
ings was the covering OF short contracts,
and occasional demonstrations were MADE
against the market In order 10 enapie one
paying too dearly for them. The tendency
of the market was decidedly toward higher
figures during the day. with occaslonai re-
actions, due partly to bear raids and partly
to realizing. The greatest buoyancy was
felt in the finaI des III Ss, the , market clos
a I newly i formed 55um pool pOe in the stock took
action of rs and a rally of IS. making the
gain on the day "a The preferred adj
S Sa1ss6 Il Z a AMI a5saiS was "a am mad =nnf 1n Male
unusual report expected tomorrow and the
stock fell off 14 to 1861. but when the
pressure was withdrawn by the bears there
was a full recovery, later receding u, and
finally ,n railRy dnE i Fl IN c tne sT WHEN 4 OF Of
tbe highest figures touched. being / and
ia higher, respectively, than last nights
closing. Burlington shows a gain of ia
best. Other advances on the day we're:
Erie preferred, "a; Miehigan Central ga;
6, e. C. % s &. Il cb, and B e sf' Louis q o see.
onds preferred. IL; Rubber. rs; Delaware.
Lackawanna & Western. American Cotton
burg. c.. G. & ST. Louis. IL; Pittsburg. c..
G. 4 st. Louis preferred 2 and Chicago
Gas and Lead / per cent. Hooking Valley
preferred shows a decline of 212, c., c., G.
& st. l. preferred ia and Long Island "
There was an active demand for the lead
ing railroad mortgages in which London
houses took a large part. There was also
good buying for the Western account and
the sales reached the high total of 2.6S1 500.
The Texas Pacific and Atchison issues were
most prominent In the dealings, A very
general advance was recorded, leading In
which were: Union Pacific, Lincoln & Col
orado ftrSfg 4 pQr cent. Indiana Decatur
& Springfield hrsts trust receipts, a; Union
Pacific, Denver & Gulf firsts, ~; Louis
willie & New Albany fives, and General
Electric debenture ives. IA; Northern Pa
ciic seconds, Ia; Northern Pacific regis
tered and Northern Pacific consol fives, 2;
Kanawha & Michigan frsts. Ohio Southern
frsts. St. Louis & San Francisco general
hves and St. Louis & San Francisco consol
fours, 1.
Government bonds were strong, State
bonds were inactive and railroad bonds
were strong.
The following table. prepared ~ James
E. Berry. Room is, Board OF Trade. shows
the range or quotations: