The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-03-18
STOCKS WERE ACTIVE
ON THE WEEK THERE WAS SOME
NOTABLE ADVANCES.
The New Bond Issue LarEeIy Sought
Affer-Locai Markets Held Firm,
with Little Doing.

with Little Doing.
At Mex York. Saturday. money on call
was noTnfnally IL per cert.
Prime mercantile paper, 3&4G5n per cent.
Sterling exchange was quiet but firm, with
actual business in bankers bills at si.s914m
4.s91z for demand md at si.sS04.ssA for
sixty days; posted rates, siSsi.M490; COM
mercial bills, $4.s7a4s7A.
Silver certificates, 617sc; no sales; bar sill
yer. 6lMc; Mexican dollars. i91ac. At Lon
don bar silver was gBd per ounce.
The weekly bank statement shows the
following changes.
Reserve, decrease. so
leans lnsais, dscrsase s 20 So
Legal tenders. 1907 $50
Deposits, decrease. ............. $50, 4O
Circulation, iez'Vn
The banks now hold $27. sos. 775 in excess
of the requirements of the twenty-five-per-
cent. rule. The exports from New York for
the week amounted to sl46,5 sol in gold and
$4Sz. 6S7 in silver. Imports for the week:
cold, 81, 36O, s55; silver, SIS, 6S4; dry goods, 3d.
s67. 116; general merchandise, 1885,. 669-
Total stock sales Saturday were ss,0s7
shares. including the following: American
Cotton Oil, $500; American Sugar, $4,000;
American Tobacco, 800; Distilling, l4.yOo;
General Electric, 300; New Jersey central.
300: New York Central, 400; New YORK q
New England. third assessment paid, 400;
st. Paul, 4,100; Southern Railroad. 200;
Southern Railroad preferred, l,5o0' Wheel
ing d Lake Erie, 1866.
The share speculation was fairly active
for Saturday and generally strong In tone,
the Improvement being mainly due % pur-
rhases for the short account. aitnohgn
were buying for a rise. London houses
We're again in the market as sellers; chiefly
- 50 T1A.-l ~Afa u NC ave raRai1lG GtTnnr
local support and gained ! on the day.
The market opened in good tone and while
trend Of the prices was mostly in the
direction of higher figures. In the late
nnahnfs Closed aIpsesd I fairly so''s steady at a pretty
general advance on the day. of lsdlse per
cent. the latter being. in Hocking valley
been marked by increased activity, but at
.he same time the speculation has been
great interest have been crowded into the
six days, chief among. which We're meet
ings of the directors of Manhattan, Vest
ern Union. st. Paul and New York Central,
the results were in doubt and We're looked
for anxiously. The street was alive with
runors as the action to be taken in each
case was overshadowed, SO that the Of
fetal DECLARATIONS had but little effect on
counted the future. The bear traders were
chary of charging the outstanding short
i iass week o from the Sugar CLIQUE. sugar
took the lead in point OF ACTIVITY. - Inc q
aXGraEG sales OF III z cdCHiiiS
shares. The efforts of the shorts to cover
resulted in marking the stock from 33s
t. iSlh eS Z : DIVIDEND vic adva which Of Is 5 saua pe TO cent? aoats
Insiders took some of the profits and this
liquidation resulted in g reaction ap e 4 VS. nasr.
cent. The strength Of cotton and grain
markets on reports of improved crop pros,
pool and the prospects of an agreement
being reached by the anthracite coal roads
s Msrs prOm'n situat laGs0f New W York CENTRAL
was alternately buoyed and depressed ac-
tbe prop al asne acton aaonf on n the h dividend. the
extreme fluctuations before the announce
ne msnt of 81 the 4 az per sent s redncfiq hrea p fing
to S2ss ex. dividend. and recovering to 1875.
The stocks identified with the bitnminous
have made considerable Improvement owing
to the successful efforts to bring about
ing Valley was the leader in the specula-
ton Of these shares, selling up oa per cent,
e 2, and adv r : me- al bo but = Il p fbe G road
have also participated in the Improvement.
which Is regarded as an indication that the
following. New Jersey Central jumped from
81 to sos. chiefly on the excellent outlook
interests. The final sale was u per cent.
below the tor, price. Tobacco, after an
failure si to publish the annual statement by
reason Of the absence of a quorum at the
annual meeting called for Friday. The
L z NC1tts doosS tAC yves
point touched. The more important changes
of the week in the general list are: Adj
awanna and Leather preferred, 8; Wheeling
q Erie preferred; SO; Cotton OIL. 23s;
Cotton OIL preferred, 2ls; General Electric,
ware & Hudson, 2l9; Southern preferred, 2,
and the graugers,. MQik. Declines-Na-
Ohio Southern. 2a Edison Electric of New
York. ~, and Chicago Gas, /. The total
sales We're 100000 shares.
The bond market was active SATURDAY..
the total sales being 1868, 900. The dealings
at times were irregular, but the closing
trengfh in the active issues. Gains were
recorded in Cairo. Arkansas & Texas firsts.
island first trust receipts. 2 per cent. Specu-
iation In bonds during the week was ami
The speculative issues were in brisk de-
mand, particularly for the Atchison, Kan
Pacific q mortgages. all Of Which made adj
vances on the week. Other gains were:
Northwest Extension fours. ~; Omaha 8
SSasa terminal 8 iiirsts and Hooking VAL
frsts, al Missouri Pacific thirds and Mis-
souri, Pacific consol skies. 5h, Atchison.
Goiorpad B es 4 pseine n Toledo p fe ana s. 3 w Paal,
Fights ana Toledo s. Ann Arbor first trust
Govsrnment bonds were in request
throughout the week sssa I'D and r saies We're made
amounting u o0C,dNV. ~ new lOuTS,
coupon. were traded in from 1894 to 12O,
with the final transaction at 1875.
The following table. prepared by James
Il. Berry, Room 16, Board OF Trade. shows
the range OF quotations:
Open High Low Clos.
Name. Ing. est est. ing
Adams Express $500. . -. -. 13
Alton & Terre Haute. -. g.. =. 36A
American Express 1890. - -. Ill
Atchison ..... :. =. .aA
Baltimore & Ohio...... -. =. SO
Canada Pacific -. -. -. 37I6
Canada Southern ..... 4Ss& iS1s 1875 4S7s
Central Pacific.-. 49, -. II1a
Chesapeake & Ohio. 1874 WtSi2 1914 1919
Chicago e. Atom. -. -. -. 146
c.. 3. & Q......... 705s lis 70fs Il
G. & f. I. pref. -. -. -. ssh
Chicago Gas ......... l05s lis 705s IFS
c., c.. G & st. L.. 361a 3619 361s 361a
Cotton Oil .s..-.. "a 2fTs 23s PAS
Delaware q Hudson .126i5 1851 1861 1861.
d., l., & W...--.......16 07s 160ss 15ai2 15s1a
Dis. e. C. Il. Co...4.. 1875 12is III liz.
Edison Gen. Elec...... % 29ss % 29L