The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-03-15
A BOOM FOR STOCKS
LIVELY INTEREST IN TRADING ON
on CHANGE AND MANY ADVANCES.
Block of New United States Fours
Sold at 100 Yesterday-Locnl Mar
kets Affected by Weather.

At New York. yesterday, money on call
was easy at 1902 per cent; last loan, IL
per cent; closing the same.
Prime mercantile paper, aa4Gf5is per cent.
Sterling exchange was firm with actual
business in bankers bills at s4s9h1 ssls
for demand and Sass for sixty days; posted
rates. si.ss1s and $3.50: commercial bills,
s4s714.s7S.
silver certificates, 61ssG62c; bar silver,
6lHc; Mexican dollars, 4sl4c. Bar silver at
London, 277sd per ounce.
Total sales Of stocks were 1s3,125 shares,
including: American Sugar, $500: American
Tobacco, $500; Distilling, $500; General
Electric, 800. Louisville & Nashville, $500:
New Jersey Central, IL 100; New York Cen
trial. $500; New York & New England, third
assessment paid, 11,1O0; Northwest, $780,
ST. Paul, 1900; Western Union, 1900; Wheel
ing & Lake Erie, $500.
The general trend of speculation on the
Stock Exchange, yesterday, was in the di-
rection of higher prices, and the great ma
jorty of stocks dealt in showed an adj
vance OF 1913 per cent as compared with
the final sales of Wednesday. There were
foreign selling orders on the board at the
opening, but there was also buying for the
London account and this, together with
purchases by the local traders, served to
sustain the market. Sugar opened at 100
eX dlVaehd or 3 per cent, gain of II,
and made further advance of 11a per cent,
the highest point being reached about
o'clock. Around ITO o'clock there had been
good offerings of the stock, and suspicion
was aroused that the bull clique was liaui-
dating part of its holdings, with the view
OF realizing of the profits of the
late heavy rise. This induced liquidation
a bear demonstration against the trust
which broke the shares PA per cent to
buying movement was general. and a raIiv
OF 1B followed by reaction of a making
decline OF y on the day. The coal stocks
were fayorabiy affected bv reports to the
effect that the existing differences between
the companies were in fair way to be
New Jersey Central were notably heavy.
and the shares advanced ~ per cent. to
ceding q, and closing at a recovery o. Of g.
the gain on the day being 1k Delaware
a. L a;a,aSya advanced "a and closed at
and held all but a of the Improvement
General Electric was actively traded in,
ing midway between these figures at loss
of 70 on the day. There was not much trad
which was sold by the arbitrage houses
in the morning, but gave way a. being
Ss bea By gaI BY the traders i
be declared: During the afternoon the stock
moved ,up, *. but reacted =. making a net
stocks of this group was narrow. The gen
eral list was in the main strong during
the afternoon, except that there was a
sympathetic reaction with the decline in
Sugar after delivery hour In the final
dealings. however. the market lost its heav-
mess and closed in fairly good tone the
principal gains on the day being: Great
Northern preferred. per cent Wheeling
& Lake Erie preferred. 23s: New England.
IN; Baltimore & Ohio, Ia Consumers Gas.
IA, and Pullman, Illinois Central, Leather
preferred and Lead preferred and Mexican
Central, / per- cent. Declines We're estab-
lished of liz in American Express and 21a
IN Michigan Peninsular Car Company pre-
ferred
The trading in bonds during the day
was marked by considerable animation and
strength. The Atchison and Kansas &
Texas issues were again the leaders in
activity. and the aggregate sales were $685.
900. OF which $52S, OOO was in Atchison fours
The sales for the day footed UP ST. SO7. 600
an unusually large total The principal adj
receipts AZ: Ohio Southern fours and St.
Paul, II. d B. sevens, 2. Declines-St. Joe
& Grand Island firsts, z; ST. Paul T. & d.
extension. 8; Toledo & Ann Arbor first trust
receipts Pc.
Government bonds were strong and higher
State bonds were inactive. A block of $1eO-
600 of the new fourS coupon were traded
in at 1895, and sale of $4,000 was made at
100
The following table. prepared by James
T. Berry, Room 16. Board OF Trade. shows
nj