The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-11-08
PRICES ARE STRONG
FAIRLY LARGE VOLUME OF BUsI-
NESS oS NEW YORK CHANGE
Gran gers and IndustrinIs Lead i'm the
Transactfons-Bctter Tone TO
Local Markets.

At New York yesterday money on call
was easy at 2 per cent; last loan. 2:
closed, 2
Prime mercantile paper. 4d5A per cent.
Sterling exchange was firm. with actual
business in bankers bills at 4.s9m4ssA
for demand and s4.s7Aa4ss for sixty days:
posted rates. A-ssiA and slsshq4.0; com-
mercial bills. s4.sSz.
Silver certificates. ssaeskc; bar silver.
S7a:c; Mexican dollars. sac. At London
bar silver was 30 15-1sd per ounce.
Total sales of stocks were 3G2, s36 shares,
including the following: American Sugar.
$500. American Tobacco, 1900: Atchison.
5000; Burlington. 900: Chicago Gas. a.
900; Distiiling and Cattle-feeding
Company. 1880; Kansas & Texas
preferred. 5000: Louisville & Nash
vile. 1000; Missouri Pacific, Io,6O;
Northwestern. 5.loo; Reading. $40; Rock
Island. 400: st. Paul. "a. oo; Tennessee
Coal and Iron. 100; United States Leatn-
er preferred. 1850: Wabash preferred. A.
200: Western Union. n.7O.
But little transpired yesterday bearing
on the speculation in stocks. London was
alternately a buyer and seller in United
states market. In most instances the rail-
road earnings published for the fourth
week In October were favorable. Adyices
from the leading European financial CEN
1ers were more reassuring, per contra, the
rates OF sterling exchange took a sitter
turn. although so far as can be learned
no arrangements have yet been made for
experts OF gold. The continued scarcity
OF commercial bills excites unfaxorable
Reports that practically all of
Franklin. of Philadelphia, would resume
operations this week, failed TO exert a
permanently sustaining influence on the
price OF the stock. The aggregate volume
of business was fairly. large, with the
rangers and leading industrials attract
Ing the greatest attention. AS a whole
noteworthy exceptions we're in evidence.
The market opened moderately active and
irregular. A hardening tendency soon de-
began to move upward. The Improvement
extended TO 2 per cent in Tobacco and
programme the bears started a raid about
IL O'Clock, taking advantage of an advance
in sterling exchange figures. Chicago Gas
terfal losses occurred i'm other shares.
After midday excellent support appeared
in the railway shares and dvances were
made IN them TO the best of the day.
Toward 2 o'clock sales for both accounts
caused a slump IN values, In which Leather
fssfsrrs ed sold down to s.. as against 60
garded as largely due to renewed liquida-
ton: The shutting down of the tanneries
not yet caused a ripple in the sole leather
market and business in dry hides Is at
a practical stsndstill. although prices are
quoted steady In the late speculation a
ihrmer tone was dIscernible and the clos
ing was strong, with many stocks record
ing substantial net gains. In the usually
inactive shares New England broke to *,
against 81, the last preceding sale on the
LIST instant Norfolk & southern rose to
40, against Is, the previous transactions.
Wheeling & Lake Erie preferred advanced
1%. declined , and subsequently rallied 1k
pen cent.
Bonds were moderately active and gener-
ally strong. Chicago & Northern Pacific
f1rsts. trust receipts. Alton & Terre Haute
frsts and Wabash seconds rose Ia: Brook
1yn elevated seconds, IA; Atchion second
trust receipts and Atchfson adjustment
tours, when issued, IL; Union Pacific. Dem
yer & Gulf frsts. 1h& and Erie first con-
sols. Kansas & Texas seconds and Cotton
on Fights, L per cent. DeclinesNLouisville
& New Albany consols, 2 per cent; Pa
cifc OF Missouri frsts. Ia: c., c., G. e.
St Louis. St. Louis division tours, Cordage
Ersts. trust receipts. and Iron Mountain
lives. 1 per cent. The sales were 81 .742. 900.
Government bonds We're steady on trans
actions of $1,000. State bonds were mac
tive.
The following table. prepared by James r
Berry. Room Is. Board OF Trade. shows the
range OF quotations: