The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-02-07
THE INDIANA TRUST COMPANY
QUIET "A In STOCKS
SPECTATORS PREFER TO HOLD DIFF
FOR NEWS FROM WASHINGTON.
Understanding that the New Bond Is
sue Is Fully Decided Mar
kcts Dull and Depressed.

At New York, yesterday, money on call
was easy at 1Q1h per cent; last loan, Ia;
closed, ~ per cent
Prime mercantile paper, $500 per cent.
Sterling exchange was weak, with actual
business In bankers bills at SS1a fer
demand and at $4S7Q4.S71s for sixty days;
posted rates, $4.S71.@4.SSh and $4s9Q4.9O;
commercial bills. $L.SSQI.S615.
Silver certificates, 60A@eo1sc; bar silver,
$3.50; Mexican dollars, 4Slac. At London
bar silver, 81 7-16d.
Total sales of stocks were 113, 800 shares.
including: American Sugar, %, 400; Chicago
Gas. 1890; Erie, $500; Louisville & Nash
vile, IL. AGO; Manhattan, 300; Northwest,
$500; Reading, 400; Rock Island, $500; ST.
Paul, 10000; silver bullion certificates, 10000;
Western Union, 6,700.
Speculation on the Stock Exchange yes
terday was in light volume. 1t was a wait
ing market, which seemed to hang back
for news from Washington touching the
proposed bond issue. Rumors were in cir
culation purporting to give Reasons for the
delay in issuing the call for proposals for
the loan, and there was talk of an aaeged
hitch in the negotiations with the foreign
bankers. But, despite this street gossip,
the general conviction is that the govern
ahCuI HdS AudQS III lS dIIdLSeIlelitS Luz
the placing of the bonds, and that when
1t is made certain that Congress will not
afford immediate relief to the national
treasury, public announcement will be made
of the action taken by the administration.
A sustaining influence of the market was
Improvement shown by American securi-
ties on the London Stock Exchange in the
closing dealings. The foreign buying here
was also good and to some extent counter
acted the depressing influence of realizing
sales which were about the only factors of
weakness except as to a few stocks in which
local causes were at work, such as Nor
folk e. Western preferred, which, on the
ceivers for the company, fell off g per
cent, and Cordage guaranteed, which de-
clined y per cent to Is, the lowest price
ever touched, on reports of unfavorab1e
prospects OF the company. The general
market was irregular during the great
part of the day, but in the main the tend
ency was upward, and considering the light
demand for stocks, the speculation was not
unhealthy in character. Most of the stocks
dealt IN show gains on the day, notably
Union. Louisville & Nashville and Sugar.
q; st. Paul, H. and other shares. 1s61s per
cent; exceptions were: Edison Electric
Rubber and Norfolk & Western, u, and
Distilling and Delaware, Lackawanna &
western, 1R. Burlington, Rock Island, Gen.
eral Electric and Manhattan are unchanged.
Atchison stood at AS all day on dealings in
800 shares. although reports were current in
this side and in London that the reorgan-
tzation plan would be established to-day.
and that it calls for an assessment of $40 q.
share. A meeting Of the committee was
held, but no acIlon was taken. On a re-
port that important changes in the d.
rectory will be made at the coming elec-
tons. Hooking Valley preferred rose l per
cent. to 81, closing at 60Ls. The market
closed fairly steady.
There was a moderate demand for rail-
wsy mortgages ana higher prices were gen.
Ell lily realized for all issues traded in. The
aggregate sales were sos, 900. The principal
advances are: Wisconsin Central firsts, ~,
per cent; Lehigh Valley Coal fives, 17s;
Northern Pacific thirds and Northern Pa
cific consol lives, w; Northern Pacific trust
receipts, 1; Northwest extension ffves and
Reading firsts and Hooking Valley fives and
Lehigh Valley fves registered. /. Declines:
Northwest debenture fives of 1909. IA per
cent. and New York Central debenture
fives registered, /.
Government bonds barely steady. State
bonds inactive.
The following table. prepared by James
F.. Berry. Room 16. Board OF Trade, shows
the range OF quotations.: