The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-05-30
RECOVERY IN STOCKS
PRESSURE TO SAVE SHORTS GAVE
SHARE LIST A BETTER TONE.
The Upward Tendency Grew Stronger
from the Opening-LocaI Markets
Active and Higher.

At New York. yesterday, money on call
was easy at 1G1h per cent; last loan, /;
closed at / per cent.
Prime mercantile paper. 2izd31s per cent.
Sterling exchange =as firm. with actual
business IN bankers bills at $4.SS94.SsA for
demand and s4ss7aIs74 for sixty days;
posted rates, S4.s7lAG4.sS and A.Ss1zq4s9;
commercial bills. S4.s6AQ4.s6i..
Silver certificates, 67AG67hc; bar silver.
67sc; Mexican dollars, 534c. At London
bar silver was SO$4d per ounce.
Total sales of stocks were 237, 80 shares.
including: American Sugar, As. $500; Amer
lean Tobacco, 1850; Atchison, 1900; Bur-
hngton, 1.20o; Chicago Gas. 800; Distilling,
$3.50; General Electric, 400: Missouri Pa
ciic. 300; National Lead Company, 5,1OO;
Northwestern, $500; Pacific Mail, AGO;
Reading. $500; ST. Paul, 16, 10O; Silver Ger
tihcates. 10000; United States Rubber, q, 800.
There has been a recovery OF prices on
the Stock Exchange. and part of Tuesdays
losses have been regained. Better crop re-
ports and covering of short contracts were
the chief influences governing the market.
AT the opening yesterday the trading was
small and a weak tone prevailed, the de-
preston being most marked in Pacific Mail,
which broke 2 per cent. on the announce
ment Of the loss of the company's steam
ship Colima. Tennessee Coal and Wheel
Ing & Lake Erie preferred lost is; Chica-
go & Eastern Illinois. Minneapolis & ST.
Louis and Toledo, l per cent. and the rest
OF the list a fraction. The temper of spec
ulation. however. quickly changed, and on
moderate buying the general market took
an upward turn and continued to improve
IN a mild way until near the close, when a
slight reaction took place on sales to close
Out contracts over the holiday: Some re-
coveries were made in the final sales. and
the market was in fairly good tone at the
close, and In most cases higher on the
days transactions. Some shares moved
INDEPENDENTLY Of the general market. Dur
ing the hour before noon Lake Erie &
Western preferred declined / per cent. and
Minneapolis & ST. Louis first preferred IA.
Haute broke 2 per cent. After the publica-
tion OF the annual report. Pacific Mail came
Of which - had been lost at the close.
The chief advances, compared with Tues
DAYS closing sales are: Sugar and Dis
Cordage preferred. IL; Cordage guaran-
teed. 1k: Delaware & Lackawanna, ia:
declines decline '. are L aEeoe Erie sSs 3 IR sh ? list br OF
ferred, I per cent: Minneapolis & St. Louis
hrsts preferred, IL: Pacific Mail. IL;
wheeling * Lake Erie preferred rs and
Alton Il Terre Haute and Laclede Gas 2
per cent.
The movement of prices during the early
trading In bonds was not of Importance,
but in the subsequent dealings a decided
upward movement was in progress. The
sales were $2.5l1. 600. The principal gains
are: Pennsylvania four-and-a-haifs. regis
tered, 5 per cent; Cordage 1rsts, 8; Ohio
& Mississippi seconds. 2s: Louisville &
Nashville general skies and New York,
Lackawanna & Western frsts. la; Mime
apolis * st. Louis consol hves and Peo-
pies Gas, of Chicago. consol skies. ~;
louisville & New Albany shves, IL. and
New Jersey Central general hves. 1 per
cent. Declines: Flint & Pere Marquette,
Port Huron ives. az per cent; Northern
Pacific thirds. ga; Northern Pacific consol
nves. trust receipts, la, and Canada
Southern firsts, Kansas Pacific consols.
Erie second consols, stamped. and Missouri.
Kansas * Eastern firsts. l per cent.
Government bonds were strong. State
bonds were inactive.
The following table. prepared by James K.
Berry, Room 10. Board OF Trade, shows the
range OF quotations: