The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-03-19
INDIANA TRUST CO.,
Temporary office. % South Meridian st.
STRONG SPECULATION
STOCKS IN DEMAND BY BOTH FORE
IGN AND HOME CAPITAL.
Many Leading shares howed In
creases on the Day-LOcaI Markets
start on Firm and Active.

At New York, yesterday, money on can
was fairly active at 2a212 per cent; last
loan. 2 per cent. closed at 2 per cent.
Prime mercantile paper, 4d51a per cent.
Sterling exchange steady, with actual
business in bankers bills at s4.S9H@4. 1914 for
demand, and at s4.S7AG4.SS for sixty days;
posted rates. A.SS1s and $3.50; commercial
bills, $487.
Silver certificates, 63ac; bar silver, &c.
Mexican dollars. 49Ac. At London bar sill
yer was 27 5-16d.
Total sales of stocks were 1885, S4 shares,
including the following: American Sugar,
$1,000; American Tobacco, $500; Burlington,
$500; Chicago Gas, 10000; Distilling, 300;
General Electric, 1O.100; Louisville & Nash
vile. 10, 400; New Jersey Central, 1850; New
York Central, 400; Northwest, II, 400; Rock
Island, 300; St. Paul. 21,3Oo; silver certifi-
Gates, 10000; Southern Railway, $500; South
ern Railway preferred, $500; Wheeling &
Lake Erie, 500.
The week opened on the Stock Exchange
with a marked activity and a strong tone TO
the speculation. There were heavy buying
orders on the board at the opening for the
foreign as we'll as for the home account,
and the purchasing movement was contin-
ued in force up to 2 o'clock in the after
noon. A notable feature of the trading was
that it was widely distributed throughout
the list, more so than on any day in
many months. This, perhaps, was the most
encouraging thing in the financial situa-
ton, inasmuch as it showed that the mar
ket was not entirely moved by clique in
f%uences. The advance in prices at the
closing sales of Saturday, We're: New Jer-
sey Central, 3s; Sugar and Northwest, 2;
Louisville & Nashville, IA; Alton & Terre
Hudson, III; Baltimore & Ohio and Bur-
lington & Quincy, II; st. Paul common
trail H.. Delaware a. T.acxa wanna Read
ing, Pullman, Wheeling & Lake Erie. Cen
t 'rsn P Iondc:o G; G N,s 6, & St. pse Il and Mor Amer,
Erie preferred, y; Hooking, Valley, Lake
and an4rs sus npaissflas Z ( Nsw : alpI pfefe ereedsr &,
and the rest of the list 1sa@ Shortly be-
fore o'clock heavy blocks Of Sugar were
alize profits. and a break of 21a per cent.
was the result, the stock closing at the
low SATURDAYS Closing. The 2 depression pgS ssioi in
Sugar soor affected the general market I'M
favorably, and timid holders fearing lest the
tide had turned proceeded to realize. As a
result prices took q sharp turn downwards,
Chicago Gas receding 1M; Northwest pre-
eraI Electric. IL. In the final trading there
was a recovery of a small fraction III a few
stocks, but the market closed heavy in tone,
although in most cases at an advance on the
day of 1AG2ss per cent, the latter in New
Jersey Central; 2M in Denver & Rio Grande
& Terre Haute: rs lii Louisville & Nash
vile and Northwest; 1 in Pullman and
Canada Pacific; n in st. Paul preferred, c.,
G.. C. & st. L., Rock Island. Northern Pa
cific preferred. Wheeling & Lake Erie and
Norfolk & Western preferred. The princi-
pal selling during the last hour outside OF
Sugar was in Chicago Gas and Genera
Electric.
The bond market was very active and
sti ong during the day. The speculative
issues. were in brisk demand, Kansas &
Texas seconds exhibiting decided ~buoyancy.
The leaders in activity were the Atchison,
Kansas & Texas and Texas Pacific issues
and Southern fves, the aggregate sales OF
which were 500, coo out of a total for the
day of s., 1913, 500. The final transactions were
generally at a fractional concession from
the best figures of the day, but the net re-
suits recorded material improvements The
main advances are: Union Pacific collateral
trust skies, 3 per cent; Reading fours, trust
receipts. "a: Chicago & Erie firsts. Us; Pan
handle four~-and-a-halfs, Series b. 2. De
clines-Toledo, Ann Arbor & Grand Trunk
frsts and New York and New Jersey Tele-
phone fves. 2 per cent.
Government bonds were firm. State bonds
were inactive.
The following table. prepared by James
e. Berry, Room 16, Board of Trade, shows
the range OF quotations.