The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-08-20
STOCKS WERE STRONG
AMERICAN SECURITIES IN GOOD DE-
MAND ON LONDON CHANGE.
General Advances ThrOughout the
List-IndianapoIis Markets Weak
er and Less Active.

was easy at 1 per cent.
Prime mercantile paper, 3a5 per cent.
Sterling exchange dull and weak with
actual business in bankers bills at S4.s6l4a
4Sslk for demand and s4s5A@4s51a for six
~ days: posted rates. $4.s6izd4.s71a and
H.s7l2q4.SS: commercial bills, S4S44Q4sf2.
Bar silver closed at eS1zc per ounce; Next
can dollars. 5O7sc. At London bar silver
closed at 29i4d.
The New York weekly bank statement
shows the following changes:
Reserve. increase ...-....-.-....-...-- $500 500
Loans. increase ....................... I6l6,lO
Legal tenders. increase. ...--...-.. l2o0
Deposits, increase ..-................-. So9z,fVV
Circulation, decrease ................. Z5,5OO
The banks now hold $66. SO6.750 in excess
Of requirements OF the 25-per-cent. rule.
The course of prices on the Stock Ex-
change Saturday was, with one two
important exceptions. toward higher values
and the market closed strong at or near the
best figures touched. The causes which led
to this upward movement were the strength
Of American securities the London
Stock Exchange. good buying by the Arbi-
TRACE and perhaps. chief of all, the conf
fence impaired to the street by the declara-
ton Of the regular dividend in Burlington
< Quincy. The action of the Burlington
directors has been taken TO mean that they
believe in immediate revival of business
and that they do not believe that the corn
crop has been annihilated. The covering
Of short contracts was steady and the bid
ding for the long account strong, and there
was very little evidence of a desire among
the traders TO get out OF the market over
Sunday except the part of the shorts
There was good purchasing for a rise
beyond the mere advance of day
and the trading was quite confidential at
the close when compared with Fridays
final figures. The gains were: Great North
ern preferred. pa; American Tobacco,
common and preferred. 2ls: c.. c. c. & St
L.. pa. Western Union is unchanged on the
day. having gained and 'ost IS. The move
ment during the early part of the week
was erratic and the speculation unsettled.
but the trading improved with the week.
Substantial appreciation in values has been
established, the more material gains being:
American Tobacco, IA; American Tobacco
preferred, 3; General Electric. u.s. Sugar,
cago Gas, IA: Cotton Oil preferred, 215;
Distilling, Ia; Burlington & Quincy, SIS;
Island, 4k; Northwestern, 3A; ST Paul &
Omaha. s2s St. Paul e. Omaha preferred,
2;.St. Paul. Minneapolis q Manitoba, 312;
St. Paul & Duluth, 2; Denver & Rio Grande
preferred, 5; Denver Rio Grande. COM
mon, 2; Norfolk & Western preferred, 49,;
Louisville & Nashville. -29s; Union Pacific.
ern. preferred. 3s4: New York, Chicago &
ST. Louis preferred, Sl3; c.. c., c. & ST
Southern Pacific and New England certifi-
Gates. second installment paid, 3; Pitts
burg Western preferred. s.; Canadian
Pacific. 8; Pittsburg. c., c. & st. L., 5l2;
Illinois Central. 27s; Great Northern pre-
ferred. Lake Shore and Iowa Central pre-
ferred. 2l9; New York Central, Peoria, De-
Catur e EVanSllE Richmond Terminal
ferred x and Wheeling e Lake ERE Erie Pr aS:
Wheeling & Lake Erie preferred, 25s;
Atchison, rs, and Michigan Central, Con-
necticut Southern, Toledo & Ann Arbor
cent.
The railway and miscellaneous bond mar
aggregating $1,32SO00 and prices, except
In few unimportant instances. moved up
showed an ins tbe chen ally
vances being: Minneapolis & st. Louis
equipment sizes. , per Gent; Ohio South
fves. Peoria. Decatur & Evansville firsts
Z: Peoria; Decatur & Evansville seconds.
Southern railway. fives. when issued, and
Hooking Valley skies. 5la: Hooking Valley
fives. 4: Colorado Midland fours and Erie
Sss: Richmond & Danville stamped fives,
AZ; Wabash debentures. series |. and
Sheffield frsts AZ; Denver & Rio Grande
tours. ga; Wisconsin Central and St Louis
San Franriseo general sizes Reading
fours. 315; Union Elevated firsts and Rich
mond Terminal stamped skies. 3&i; Rio
onds. 21s; Peoria & Eastern firsts and
Union Pacific. Denver & Gulf firsts, g.
Declines-Toledo. Ann Arbor & Cadillac
the following table. prepared by James
+. Berry, Room It, Board of Trade. shows
the range OF quotations:
Open High Low Clos