The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-09-06
OVER MANY SHARES
WIDE DISTRIBUTION OF BUSINESS
ON NEW YORK CHANGE.
Stocks Fluctuated FeverishIy and
Many Suffered DecIines-LocaI Mar
kets Continue Unchanged.

: At New York yesterday money on call
was easy at 1 per cent: last loan, 1; closed.
] per cent.
Prime mercantile paper. stz95L per cent.
Sterling exchange was firm. with actual
business In bankers bills at s4-s0a4-s0A for
demand and ~s4soa4.so14 for sixty days;
posted rates. A.&d4.s0 and $4.soQ4.s1: COM
merc.al bills. s4-ss14
Silver certihcates. s7sas7asc: bar silver.
SIC; Mexican dollars. 5314c. At London bar
silver was 30 s-i6d per ounce.
Total sales Of stocks was 81. 50f shares.
including: American Sugar, $500; Ameri-
can Tobacco. II, 400; Atchison. third assess
ment paid. 2.10o: Burlington. 1920: Chi
caso Gas. 400: Della ware & Hudson. 1900;
DistIllIng. 1900: General Electric. 500: Kan
sas & Texas preferred. $500; Louisville &
Nashville. 400: Minnesota & ST. Louis.
300: Missouri Pacific. 1880; New Jersey
Central. $50; Susquehanna & Western pre-
ferred. $500: Pacific Mail. II. 100: Reading.
$500; Rock Island, $500: St. Paul, q. 500;
Silver Certificates. 10000: Tennessee Coal &
Iron. 1880; Texas Pacific. $500; United
States Leather preferred. 800; Wabash
preferred. 5000.
The. stock market displayed an excellent
distribution OF business yesterday, but was
relatively less active than on the previous
day The movement was feverish. and sell
Ing for both long and short account was
the eventual course. The upward move
ment of values which had been in progress
at the close on Wednesday was not sus-
tanned at the opening. which was charac-
ferized by activity and a lower range, the
dominant influence being the bearish atti-
sude OF the foreign dealers in American Sc
curlties. London cables reported material
declines for all of the stocks having an in
scoring an exceptional decline of l per cent.
ArDifrage houses were free sellers at the
opening here. and the general list weakened
Iractiondliy. A rally succeeded after 1915
Leather preferred, Minneapolis & st.
Louis shares. Tobacco and Missouri Pacific
were the most prominent. The advances In
the stocks named ranged from 1 to ga per
cent The Improvement In Sugar was due
TO the further advance in the prices of
domestic and foreign grades Missouri Pa
cihc was helped in price by the favorable
statement Of earnings published for the
month OF August. showing an increase in
prices moved irreguIarly. but later a de-
Ginning tendency was shown. eliminating
decline in the boom in the coalers infiu-
enced free selling by operators. who had
looked for q general old-time advance SINH
deal" Free offerings of gold cables indf-
eating q fairly large outward movement of
gold on Saturday also had a depressing in
nuence.. The markets for sterling and con-
tInental exchange continued strong. but
only a single unimportaEt withdrawal of
gold was made-that OF 10000 for the Ca
madam account. The final decline resulted
in losses extending from the best figures to
10zh per cent. in the ~coalers, the last In
Reading. Nal per cent in the grangers;
IL In Leather preferred: rs in Sugar and
Chicago Gas The other declines ranged
from Il TO rs per cent The market closed
weak at about the lowest Of the day.
Bonds were active and Irregular. with
sales Of <3,2H.0o0. There was pronounced
In the speculative issues at the
close. and Cordage frsts. trust receipts,
sustained a loss of 2s per cent; Reading
drsts: incomes, 2; Reading seconds. rs;
Reading thirds. J. Atchison seconds. trust
receipts, IL. and Texas & Pacific seconds,
and Wisconsin Central firsts. trust re-
ceipts ! per cent.
Government bonds were steady. State
bonds were steady.
The following taoie. prepared by James F.
Berry, Room Is. Board Of Trade. shows the
49,