The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-09-01
WEAKNESS IN SHARES
FOREIGNERS SELLING AND NEW
YoRk BROKERS WERE FEARFUL.
Sugar Was the Only stock Furnish
ing Depressing I"duence>-Locai
Markets Unsatisfactory.

At New York. yesterday. money ON call
was easy at l Per cent.
Prime mercantile paper, 5a5 per cent.
Sterling exchange was dull and easy,
with actual business in bankers bills at
SLS6i4G4.S52t for demand and ~AShI4S54
COR sixty days; posted rates. S4.S634-S7 and
A.S7q4SS: commercial bills, $i.S4AaISh2.
Silver certificates. SIC bid. Bar silver at
London was 20 5-i6d per ounce
The total sales Of stocks were l72.s9S, in
Guiding. Atchison. f.1so; Sugar. sc.s15; Bur-
lington, 7.9g; Chicago Gas, $50; Chesa-
peake a. ohio. 1905: Distillers. 1853; Gen.
eral Electric, 2.T5; Louisville & Nashville,
500; Northern Pacific preferred, 1850;
Pittsburg. Cleveland. Chicago < St. Louis.
SO: Reading. 800; Rock Island. 5.i21; st.
Paul. 1926; COrdage, 1855.
Share speculation yesterday was unset
tied in tone, and as a result of the trans
actions on the Stock Exchange prices are
pretty evenly divided between declines
and advances. the preponderance. IL any.
being toward the weak side OF the market.
The London buying movement was not
we'll sustained. and there was even more
selling for the foreign account. American
securities were strong on the London
Stock Exchange. There were no particu-
larly depressing influences at work and no
great pressure 10 sell, except III sugar,
which was offered iown on renewed re-
. ports that the new sugar schedule was
worded~ so as to permit OF the entry of
refined sugars at lower rates than the
trust anticipated. 4 notable incident of the
day was the decline in Rock Island to a
point below the current prices Of st. Paul,
which has not occurred before in many
years and which is to be attributed to
President Cables declaration regarding the
uninviting prospects OF the company for
the coming yeaI. The Rock Island touched
IS during the afternoon. a break of is,
while st. Paul did not go below 65A.
hnetuating between that hsure ana COS
Rock Island rallied a at the close, showing
a loss of = on the day. Sugar opened "
higher. quickly lost the Improvement,
rallied u to 1925 and then moved down.
ward steadily 2s TO 1914, closing at that
price and making a loss of Ia. The pre-
ferred stock recorded a decline of Is. The
trading in the rest of the list was light,
the transactions in no case exceeding 81
800 shares in any one stock.
In the bond market the trading was fair
ly active, the sales aggregating $l,6l2, 90.
The market was generally fair. the princi-
Northern Pacific consol fves, Northern Pa
cilc collateral trust notes and Southern
Louisville & Nashville collateral trust
fives. AZ; Louisville & Nashville gold fives.
]: Fort Wayne & Chicago trsts, 2l2; Peoria
& Eastern frsts. 2: Pittsburg, Cleveland,
Chicago & St. Louis. AZ: Southern Railway
fives. when issued, Ia. Duluth & Iowa
firsts and Northern Pacific seconds. L:
Northern Pacific Terminal firsts, 2 De-
clines-St. Paul firsts. L. & NJ. division, 3
B. 1. ~ series
Government bonds were firm. State bonds
were dull.
The following table. prepared by James
T.. Berry, Room 16. Board of Trade, shows
the range of quotations: