The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-06-12
IMPETUS TO STOCKS
WESTERN CROP REPORTS AND BUY
ING OF CHANGERS CAUSED 1T.
Strength of n Big Corn Crop the Prin.
cfpaI News-LocaI Grain Market
Moderately Active.

"
was easy at 1 per cent; last loan. 1: closed.
/ per cent. Prime mercantile paper. 21zG
81 per cent
Sterling exchange was firmer with actual
business in bankers bills at s4s9i4G4s9i.
for demand and sissi4d4ss1z for sixty days;
posted rates, s4.s9 and $3.50; commercial
bills. siS7l4a4s7I..
Silver certificates. 67d677sc; bar silver,
$3.50: Mexican dollars. 5s,4c. At London.
bar silver was 3S1zd per ounce
The total sales Of stocks were 00.l29
shares. including: American Sugar. 21,5OO
American Tobacco, SEQ; Atchison, first as
sessment paid. 500: Burlington. 1880; Chi
cago Gas. 1000: Distiling. $500; Kansas &
Texas preferred. 800; New Jersey Central.
5000; New York. SusGuehanna & Western
preferred. 5.IO0; Northwest. 121OO; Omaha.
4.S0: Pacific Mail. 400: Reading. 1900;
Rock Island. 2O.1Oo; st. Paul. 1880; South
ern preferred. 100: Wabash preferred. g..
200; Western Union. $500; Wheeling & Lake
Erie, 900.
The upward movement of prices on the
Stock Exchange received fresh impetus to-
day in the steady buying of the granger
shares. induced by the Western crop re-
ports. More than 100000 shares of this
group of stocks changed hands at steadily
advancing quotations Burlington in
steady demand, the principal purchasers
being a newly formed pool operating on
the basis of a reported increased acreage
Of corn in the Western countries tributary
to the read and stock advanced "a cents,
closing within 1I4c OF the high point.
ST. Paul was sold freely at the opening
for the foreign account, but the offerings
were SO steadily absorbed that this sell
ing had no depressing effect on IL and on
good buying by local traders and by West
ern buyers the stocks rose / per cent,
the final sale being only u below the best.
Rock Island was also moved upward on
the strength of big corn crop, gaining
Use, of which all but 4 was retained at
the ende Northwest was also in good buy
anal reaction of a. The general mar
ket opened strong and the trading was
past. the brisk demand for the grangers
stimulating speculation in the rest of the
list. Covering of short contracts
tered on a large scale and with buying
for the long account, caused a steady APP
probation in values ranging up 10 pa per
cent. The prominent gains were: Great
ferred. 2; Tennessee Coal 2ss: Pacific Mail
Pullman and Susquehana & Western pre-
cifc preferred Toledo & Ohio '' Central.
minneapolis and St Louis second preferred.
Canada Southern. st; Paul and Omaha com
mon and Mobile and Ohio. per cent No
coalers moved Independently of the general
market being depressed during the morning
by reports OF an unfavorable trade condi-
ton. Delaware. Lackawanna declined per
cent; Reading. "a subsequently there was
a rally of rs in Reading and a small frac-
ton in the others. During the AFTERNOON
Susquehanna < Western and Tennessee
Coal fell off rs, later recovering a frac-
ton. In the specialties Consolidated Gas
declined Pa and< rallied Ia Lake Shore
declined ! per cent and recovered the loss
up per cent Colorado fuel gained /, re-
acted IA and recovered ~ per cent; Lake
Erie & Western improved q per cent. !;
Erie preferred sold at "a. against 20 the
last previous sale and closed at % bid
The market closed buoyant in tone.
The bOiel speculation was quite ANNA ted
with material improvement generally in
PRICES. Some few. mortgages. however.
yielded early to lower figures, namely:
Susquehanna & Western refunding fives
which lost AZ per cent. Tennessee Coal
firsts. Tennessee division, A. Oregon Short
line consol fives. Trust receipts, 212, and
Central Pacific, San Joaquin branch skies
and Louisville. New Albany fives, l per
cent. The leaders in the improvement
were: Louisville. st. Louis and Texas firsts,
8 per cent: Central Pacific, c. & o. fives
fves, 2; Atchison fours rs: Atchison trust
receipts. rs: Chicago & Eastern Illinois
firsts. IA: Minnesota & St. Louis consol
fyes. lis: Union Pacific gold skies, Wabash
firsts. Detroit & Chicago extension. Union
Elevated firsts. Northern Pacific seconds
Northern Pacific thirds and Northern Pa
cifc consol fves. trust receipts. |. and
Northern Montana firsts. IL per cent. The
sales aggregated 2,3lS,000.
Government bonds steady. State bonds
dull.
The following table. prepared by James L,
Berry Room Is. Board of Trade, shows the
range of quotations: