The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-10-15
DULL STOCK MARKET
SHARES STARTED FAIRLY STRONG,
SUI DECLINING TONE SET IN.
Re-estabIfshing Railroad Rates Fur
nished Encourasement-Eocni Mar
kets Begin the Week Active.

Al New York. yesterday. money on call
was easy at 2a2i9 per cent; last loan at
Z: closed al ..
Prime mercantile paper. 4405 per cent.
Sterling exchange was firm, with actual
business In bankers bills at A-s71za4s7z
for demand and HSsAdiS for sixty days;
posted rates. A.s794s7is and s4sS@$4ssh;
commercial bills. 4.s1s04.ss.
Silver certificates. 'ssisa6sssc; bar silver.
CSC: Mexican dollars. 5szc- At London bar
silver was sl1sd per ounce.
Total sales of stocks were 152. 29s shares,
including the following: American Sugar.
800: American Tobacco. $500: Atchison.
40: Burlington, 100: Chicago Gas. 34.4O0;
Distilling. $500: Reading, 1890: Rock Island.
400: st. Paul, u. 400; Silver Certificates.
5000; United States Leather, 400; United
states Leather preferred. 1s. 400.
The speculation on New York Change
yesterday might be termed inconsistent.
as a confident start was followed by a
steadily declining tendency. although no
London prices for the International shares
came higher. and his fact. following yes
terday's successful tiding over of the Kaf-
fr mining-share settlement. was calculated
TO reassure the SPECTATORS. who had been
apprehensive OF a reflection in this market
OF any disturbance abroad. 1t was also
reported that satisfactory progress had been
tablishment OF profitable railroad rates in
the West and Northwest. In addition to
this. important beneficial results are ex-
Of the reorganization plan of the Union
Pacific railroad and the formal ratification
of the agreement between the trunk line
the Union Pacific plan viii be formally pub
lished AFTER the close or business on
Wednesdsg next. The improving tendency
ject Of daily reference. The market opened
active and strong. with Chicago Gas the
leader In the upward movement on the
prevailing impression that early considera-
fion would be had on the application OF the
trustee to have its certificates OF deposit
listed on the New York Stock Exchange.
The stock. In the initial movement. gained
1s PEI cent. The general list was FAVOR
ably affected to q fractional extent A re-
dictionary tendency soon became apparent,
Influenced by some liquidation and more
especially by manipulation by the leading
bears in the Industrial shares. Leather
preferred and Chicago Gas bore the brunt
respectively. A slight recovery ensued in
the aforementioned stock. The declines at
ths loT point Ia In T sss . osaeT 1x naF Eysns wsrs IN n
Terre Haute. 2. and Illinois Steel and Su-
gar, 1 per cent New Jersey Central was
Of az per cent. Lackawanna rose 2 per
cent. but lost half Of the Improvement
Chicago & Eastern Illinois preferred showed
exceptional strength. rising 2% per cent.
There was practically no abatement of the
pressure against the general market. which
closed weak In tone at declines in most
instances.
Bond were fairly animated. with the
movement OF prices cratic. The aggregate
sales were $1.659. 000.
Government bonds were neglected. the
sales aggregating only 500. The sales of
state issues aggregated $12. 200. of which
5000 were Louisiana consol tours. a like
amount Of Tennessee settlement threes. and
600 In small bonds of the latter.
The followine table. prepared by James F.
Berry. Room Is. Board OF Trade. shows the
range Of quotations: