The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-03-13
SPECULATION is SLOW
FOREIGN DEMAND FOR AMERICAN
STOCKS SUDDENLY DROPPED.
Sugar Trust Continues TO Lead the
Business ON ,Change-LocnI Trade
Not Up to Normal.

At New York. yesterday, money on call
was fairly active at 2Gt3 per cent; last loan,
2; closed, per cent.
Prime mercantile paper, 3s415 per cent.
Sterling exchange was steady, with actual
business in bankers bills at $780,. 1914 for
demand and $4s7AQ4.ss for sixty days;
posted rates. $4.SStkq4.90; commercial bills.
81. S6s4D4.S7.
Silver certificates, 61Q61Ac; bar silyer,
60a4c; Mexican dollars. ACC; at London bar
silver was n 13-16d per ounce.
Total sales of stocks were 15S $50 shares,
including the following: American Sugar,
5000; American Tobacco, 1880; Burlington,
5,l00; Chicago Gas, 1900; Distilling, $500:
General Electric, 400; Louisville & Nash
vile, 10000; New Jersey Central, $500; New
York Central, $500; St. Paul, 11,700; West
ern Union, $780,
Speculation on the Stock Exchange was
irregular, and the volume of business was
lighter yesterday than on Monday. Amer
lean securities were not in good tcne on the
London Stock Exchange and there was for
eign selling of the arbitrage shares, chiefly
Louisville & Nashville and st. Paul. SUI
gar again took the lead in the trading, with
the bulls still in full control. The stock,
after opening at an advance of 4 per cent,
fell off "a, to 1915, on manipulated sales,
and then took a sharp upward turn to lU34.
1t was held between that figure and 103 for
some time, and did not experience any ma.
teria1 reaction until after O'clock when
the clique apparently regarded 1t as good
policy to let the stock drop, and it fell to
1914, closing at 102 a decline of " from
yesterday. The general market was heavy
at the opening, and in the first half hour
came a decline of 1sQ1ss per cent, in which
Baltimore & Ohio, Louisville & Nashville,
Lead and Tobacco were most prominent.
The lower figures attracted tls buyers. and
movement and started an advance, which
continued in force, with occasional part re-
actions. until about o'clock, at which time
of the morning. American Tobacco was up
2ls. New Jersey Central rs, General Elec-
trio z, Consolidated Gas ia, New York Cen
trail rs, Rubber and Leather preferred IA,
Hooking Valley IA New York. Chicago &
anteed i. Northwest. ST. Paul and Louis
vile e. Nashville "a. Burlington and Wheel
ing & Lake Erie preferred y, and the rest
Of the list smaller fraction.
During the last hour there was a general
realizing of profits. which resulted in a
reaction Of 1sa1% in the active list. the
Albany and Rubber, and " in General Elec-
trio On sale of one hundred shares, Ohio
Southern broke 2at The market continued
weak to the close. but majority of the
shares traded in show gains on the day, in
Guiding general M Electric 1 Sonsolidased
second preferred, 19s. Leather preferred, Ia,
and cordage guaranteed, per cent. The
declines are mainly confined to the smaller
fractions except for Manhattan, which is
down 1ss and Ohio Southern, 2A per cent
ST. Paul, Northwest and Chicago Gas stand
unchanged.
The bond market was quiet, but firm in
the morning. In the late session there was
increased animation, bat the dealings were
orally firm tone prevailed. The sales ag-
gregated $S23 600. The principal changes are:
Declines-Missouri Pacific consols skies, 5
per cent; Toledo. Peoria & Western fours,
8: St Paul and Northern Pacific skies, regu-
lar certificates, "a Baltimore Belt firsts
21h. Purlington Cedar Rapids e. Northern
Collateral trust fves and Lehigh- Wilkes
barre consols sevens assented, ~; Louis
vile e. Nashville, New Orleans q Mobile
firsts, 2 Advances-Rensselaer e Saratoga
firgts g. Hooking Valley skies, 2.
Government bonds were easier. State
bonds were inactive.
e. Berry, Room Is. Board OF Trade. shows
the range OF quotations: