The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-01-18
LIGHT STOCK SALES
FOREIGNERS SHOW NEW INTEREST
IN AMERICAN SECURITIES.
Smaller Than Usual-Local Mar
kets Not Encouraging.

At New York, yesterday, money on call
was easy at 1a1ha per cent; last loan, /;
closed at 1 per cent.
Prime mercantile paper, 2A@4h per cent.
Sterling exchange was strong, with ac-
tual business in bankers bills at 81. S904.S91s
for demand and $4.sSQ4.sSA for sixty days;
posted rates. s4.sS1zG4.s9 and "a. so; COM
mercial bills. &.s7@4.S7H.
Silver certificates 59BQ6OAc; no sales.
Bar silver, 591kc. Mexican dollars. 4SAc.
AT London. bar silver q 3-16d per ounce.
The total sales of stocks were 1889
shares, including Chicago Gas, 5000; Man.
haitian. 300; Pacific Mail, 1900; st. Paul,
1850.
The volume of business on the stock ex-
change was extremely light, but the tone
of speculation was decidedly frmer, and
prices advanced steadily from the opening
to the close, with only occasional slight
reactions, due to the taking of profits of
the improvement. The strength of the
market was especially remarkable, in view
of the moderate buying ana the absence
Of news which might influence speculative
values. The firmness of American securi-
ties on the London Stock Exchange was a
large factor in the upward movement, and
there was good buying for the foreign ac-
count. The local trading was more widely
distributed than usual, and the investment
stocks were traded in more actively than
of late, the Vanderbilt group coming for a
fair share of attention. Less than $4,000
shares of the greater stocks were dealt in,
of which more than one-half was ST. Paul.,
and the buying in them was mainly to
cover short contracts, the bears being APP
parently of the opinion that the passage of
the pooling bill is practically assured. The
and, contrary to expectations, the announce
ment of the fact was followed by a sharp
adyQ nee in the stock which WAS Well mann
tanned at the close, During the first quar-,
ter of an hour of business not a share of
sugar was disposed of. which is a notable
generally the leader OF the market.
The total sales of the stock were only 100
shares, and the fluctuations were confined
within a limit of 9s per cent. with a net
necline of "A per cent. Atchison stock and
bonds were given a temporary activity by
the reorganization problem in London. and
On this side and traders seem to take a
more hopeful view of the situation, judging
by the pretty good buying in these securi-
ties. resulting In gains all around. The adj
vance in the general list In the days trans
nctions ranged 3D., from y to 2s p per an; cent c the
trail, 1% in Lake Erie & Western preferred,
~ in Pittsburg, Cleveland, Cincinnati & ST.
shares show losses, the heaviest being 1
per cent. in Cordage preferred. The mar
ket closed strong.
characterized by considerable animation and
strength. The Atchison issues were the
feature of the dealings and on sales of
closed within u of the highest. The Sec
onds, while less active also developed
and retained the entire Improvement. The
total sales for the day were $1,46S, 600. The
iantic & Pacific tours, 81 per aav cents Be-
clines-Cincinnati, Dayton & Ironton hves.
Government bonds were steady. State
nOnQS were QUIZ