The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-01-15
CAPITAL : 900
GAS LED THE MARKET
HEAVY TRADING IN THE CHICAGO
RUS SHARES ON CHANGE.
Speculation Unsettled I'm Tone, with
Fluctuations Irregufnr-LOcnI Mar
kcts Fairly Active Again.

At New York yesterday money on call
was easy at ~ per cent; last loan, ~;
closed, III.
Prime mercantile paper, 2s4Q415 per cent.
Sterling exchange was firm. with actual
business in bankers bills at $4.SS7s@4.S9 for
demand, and at $4.S7B@4.S3 for sixty days;
posted rates, $i.sSlAQ4.S9 and A.sshQ4.90;
commercial bills. $4.s6%d4.S7.
Silver certificates closed at $3.50 bid; no
sales. Bar silver, 597sc. Mexican dollars,
Acc. At London, bar silver 27.55s Sd per
ounce.
Total sales of stocks were 1852, All shares,
including: American Sugar, "a, 400: Burling-
ton, $500; Chicago Gas. &c. 200; Delaware &
Hudson. $500; Distilling, 11.ooo; Louisville 6
Nashville. 5000; Manhattan. $500; North
west, $500: Rock Island, 1900; Reading, A.
100; st. Paul. 1890.
The week opened on the Stock Exchange
with an irregular market, and the tone of
speculation was unsettled throughout the
greater part of the day. There was very
heavy trading in Chicago Gas, the transact
tions in which were one-third of the total
sales. At the opening free offerings of the
stock We're made. and a sharp break was
made in the early dealings of 2s per cent,
ex-dividend of Ia per cent. TIL selling was
credited to inside interests in the main, but
the bears put out some fresh lines on re-
ports of complications in the annual meet
ing In Chicago, which rendered necessary
an adjournment without electing directors.
AT the lowest figures there was some cover
ing of short contracts, which caused a re-
covery of l per cent, of which ss per cent.
was lost in the final dealings. making the
loss on the day 21a per cent. Sugar came
next in point of activity. but moved within
very much narrower limits. Opening at an
declined 1as, on a report that the annual re-
port had been made up and was an unfav-
orable statement. The depression was but
temporary, and on good buying, induced by
the lower figures. an Improvement of ia
per cent. was recorded. with a reaction of
q at the close, making a gain of " per
cent. on Saturdays last sales. Distilling
was among the most firmly held stocks
traded in, sailing up * in the morning, and
losing only Is of the gain. OF the granger
but there was moderate buying of the other
shares of the group on Chicago orders. They
nuctuated within a range of ss45s per cent;
st. Paul closing unchanged on the day, and
Rock Island II and Burlington and North
west x higher. After an opening loss of e,
Louisville & Nashville rose 1s to 547s, on re-
ported increase in earnings. reacting Is at
the close. The trading in the rest of the
list was light, and the movement of prices
ant. but the general trend was toward
higher figures, and in most cases the clos
ing figures show gains on the day, the more
material of which are: Illinois Central, 8
per cent; Southern preferred, /; Toledo &
Ohio Central lost 5 per cent, and do. pre-
fered ? on the day.
main firm. The aggregate of sales was
$685.. 300. and the changes of note are: Adj
vances. Lake Shore & Western firsts, Ash
St. Louis & Chicago fours and Michigan
Central fives, of 1881, 2. Declines: Wheel
Ing & Lake Erie firsts and Susquehanna &
Western seconds, q per cent.
Government bonds were firm. State bonds
were inactive. IS
The following table. prepares, by James E.
range of quotations.: