The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-07-31
STOCKS WE'RE ACTIVE
PRICES IRREGULAR AND FINAL QUo-
TATIoNs SHOWED DECLINES.
Government Finances Not Figuring to
Any Extent ON 'Chanse-Locnl
Markets Unchanged.

At New York. yesterday. money on call
was easy at per cent; last loan. /; closed
ct per cent
Prime mercantile paper. 344 per cent
Sterling exchange was strong with actual
business In bankers bills ct 43o44soA
for demand. and tssQass4 for sixty days;
posted rates. As35z049o and <4-so1z4i-si;
commercial bills, s4-ss494.ss1z. 81
Silver certificates ss54Gssizc; bar silver,
&C: Mexican dollars. 53l4c. At London bar
silver was % 5-lsd per ounce.
Total sales OF stocks were 1920 shares,
including: American Sugar. A.ioo; Atchi-
con. 1850: Burlington. 800; Chicago *
Eastern Illinois preferred. 6,l0o; Louisville
4 Nashville. 1850; Manhattan Consoii-
dated. 800: Missouri Pacific. 500: Ma
tional Lead. 1900; Reading, 1900: Rock ISL
and. 800: 81. Paul. 1900; Southern rail-
road preferred. 100; Tennessee Coal and
Iron. 1900; Wheeling & Lake Erie. 300.
In certain speculative circles 1t was
thought that the return to the Treasury
Department OF the gold withdrawn, for
export this month and the raising OF the
gold reserve to the high level. would act as
a lever on the stock market this morning.
The incident passed unnoticed, however.
just as did the recent goIi Withdrawals for
variations OF the government finances are
not factors OF Wall-street speculation at
this time The stock market opened active,
but irregular. The Sugar clique moved
that stock up per cent; rumo ,l, to the
dividend basis induced good buying OF that
stock and sent II up per cent. Missouri
advanced 1 per cent. In the general mar
ket realizatlons were Inaugurated and a
fractional reaction took place with the
ferred leading therein. Soon Western buy
Ing orders In Chicago uas appeared. which
sent the shares up tzs per cent. Louisville
port that the company would soon call In
H.531.o 600 adjustment bonds and thereby
which can be used for any OF the purposes
OF the company. Minneapolis AZ st. Louis
first preferred rose IA; Minneapolis &
active list a fraction. Towards midday
the bears began attack, but succeeded
only In making fractional reactions. Ten
nessee Coal was an exception and on pur-
chases credited 10 the management Of the
company. sold up la per cent After !
o'clock the trading was very light and
21x per cent. but later lost 1 per cent.
W. & l. r.! preferred fell ia on a sale of
Eastern Illinois preferred were on an UNI
usually large scale. the stock moving be-
tween 1ol and 1914, against 1914 last night;
The market closed irregular, but ma
5ority OF the list shows fractional de-
clines. s-.--t--.-. -..-
Bonds were less animated and irregular.
Kansas City Il Omaha nves sold at 1884,
against ia the last preceding sale. Other
losses OF note were: St. raul. III * ID.
sevens, Northern PACING consol fives,
Northern Pacific trust receipts, IA Chi
cago. Burlington & Northern nves. 1 per
cent. Atchison fours rose AZ per cent. ;
Northern Illinois firsts. 4: Cincinnati, Cleve-
land. Chicago & Indianapolis generals, 3D.
Chesapeake & Ohio frsts. OF 1911, ~; Flint
4 Pere Marquette. Port Huron division
dves. 2: Tennessee Coal firsts; Birming-
ham division. IL; Peoria q Eastern frsts
and Northwest sinking fund fives, IA. and
Cincinnati, Dayton Ironton fives. and
Peoria, Decatur 4 Evansville seconds,
per cent. The sales were S2,204000.
Government bonds were firm. State
bonds were inactive.
The following table. prepared by James E.
Berry. Room is, Board Of Trade. shows the
range OF quotations: