The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-07-12
GOOD DAY IN STOCKS
NEARLY l. THE WEAK LINES
SCORED SUBSTANTIAL ADVANCES.
Feeling that the Labor Outlook Is
ACKNOWLEDGEMENTS Activ-
ify i'm indianapolis Markets.

was Easy at l per cent.
Prime mercantile paper. 3Q5 per cent.
Sterling exchange vas firm. with actual
business in bankers bills at S4.S84 for de-
mand and SL.S74 for sixty days: posted
rates, $4SSQ4S9; commercial bills. SIS6A.
Silver certificates. 64G65c. Bar silver
closed at 621zc per ounce; at London, 2S5sd-
Total sales of stocks amounted TO 1J5, 532
shares, including American Sugar. with
$500; Burlington. 1850; Chicago Gas, 50. 400.
Yesterday was an active day on the Stock
Exchange. and although there were periods
OF depression, taken as a whole the market
was in good tone and a very general adj
vance in prices was the result Of the days
transactions. Occasional bear raids were
made on certain stocks. notably Chicago
Gas. but Sugar and ST. Paul were also at
tackled in force. without. however. sending
the price of either below the opening. News
from the various strike centers was at no
time very discouraging. became improved
as the day advanced, and, as speculative
operations are for the present mainly gov
erned by the labor situation, the trading
gained in strength With the report improve
ment in the railway camp. The failure of
the general strike ordered by Grand Mas
ter Workman Sovereign was a large factor
In the stock market, and was to some
extent regarded as the beginning of the
end of the railroad strike. Sugar. which
furnished more than a third of the total
sales. was strong at the opening and in
such good demand as to cause the shorts
to cover with a CELEBRITY that sent the stock
speeding upward at a rapid gait. an adj
vance Of 3 per cent. having been recorded
before noon. At the higher figures there
was some realization, and a reaction of 1
per cent. took place in the afternoon, but
on new purchases, some of which were
made on Washington orders, a higher level,
1915, was reached, being a gain of tx, the
closing sale being at a figure only u below
the best of the day and 2s above the
closing price of Tuesday. Orders
TO sell Chicago Gas were on the
board at the opening, which sent the price
down q, to 72h. the selling being by
OF a general strike in Chicago. There
were good supporting orders at the decline
eaeet sd.0f fel1o %leaa BY a a r saiR Of of e ! T Snd
an advance OF IL. bringing the shares up
vance on Tuesdays closing price being ?.
St Paul lost 3 at the opening. but quick
~ raliied. and on a brisk purchasing move
ment in which London was prominent sold
up l9s. with a final reaction of =. Bur-
lngton, after an opening decline of Is.
rose IL, subsequently receding y. Rock
Island fell OF 4 at the opening. sold up
Improvement in the grangers. While being
assisted by the better feeling which pre-
vailed generally. was largely due TO the
excellent showing of the corn crop in the
government report made public last even
q rule during the afternoon, the best
figures of the day being current lust be-
fore 2 O'Clock. after which realization
caused some recessions, which were par
tally recovered i'm the final dealings. the
speculation being decidedly firm at the
close. with prices mostly higher than the
last hgures OF yesterday. Pullman made
the greatest gain, D per cent, on pur-
chases of 900 shares. The additional $50
600 Western Union stock listed on the ex-
change vas issued for the purchase of the
American Rapid Telegraph Company.
which had previously been operated by
the western Union on a lease, but which
was recently bought under foreclosure.
The bond market was firm during the
morning. but was easier i'm the afternoon.
closing rather heavy. The principal
changes on the day are: Declines-Louis-
vile. ST. Louis < Texas firsts, 8: Northern
thirds, 21z; Northern Pacific Montana frsts,
1; Wabash seconds. pa; ST. Paul. NJ, q NJ
eonsols. ~; St Paul. W. < NJ. hves. 10:
Chicago. st. Louis & New Orleans fyes
and Fort Worth a. Denver firsts. >: South
ern Pacific OF California consol fves. ore
gon Navigation trust fives, /. Advances
Wisconsin Central frsts, pa: Northwest
sinking fund fves. Ia; Northwest sinking
1und skies and Burlington, 1; Green Bay.
Winona q st. Paul incomes and ST. Joe
a Grand Island tirsts. 1 per cent.
Government bonds were firm. State
bonds were dull.
The following table. prepared by James r.
Berry. Room Is. Board OF Trade. shows the
range OF quotations: