The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-12-03
Indiana Trust Building
lNDUSTRIALS STRONG
LIVELY COVERING OF SHORT.
HELPED TO BOOM PRICES.
Sugar shares Again the Active Feat
Trade Aided by Cold Weather.

At New York, yesterday money ON call
was easy at 1iz12 per cent. the last loan
being made at 2; closing offered at para
per cent.
Prime mercantile paper. 33tG5 per cent.
Sterling exchange was firm, with actual
business in bankers bills at $.S9@f.S9A for
demand and ss7%4G4.SS for sixty days:
posted rates. $i.SSizd4.9O; commercial bills,
$4S6lzd4s6s4.
Silver certificates. s74as7z; bar silver.
&c. Mexican dollars, SIC. At London bar
silver closed at 30ssd.
The total sales of stock at New York
yesterday were Isl shares. including the
following: American Sugar. 400; American
Tobacco. 300; Atchison. 400; Burlington.
1920; Chicago Gas. 2i,soo; Distining and
Cattle Feeding Company. $500: Reading.
1910; Rock Island, 800; st. Paul, S.lOJ;
United States Leather preferred. 1920;
Western Union, $500.
Lively covering of shorts In the industriais
was feature OF yesterdays speculation
the New York Stock Exchange. and 1t
resulted in a strong market for that group
The railway list was. relatively. less active.
as a whole, and was hampered to an extent
by an abatement of demand from the shorts
aud by foreign selling of international
shares, and especially St. Paul The mar
ket showed no improvement as to its pro-
fessional character There were but few de-
velopments bearing directly on the specula-
ton. Denver & Rio Grande was helped in
price by the Cripple Creek mining excite
ment. The statement OF the companys OPP
erations for October was also favorable. The
exhibit OF Louisville & Nashville for the
ence on the price of the stock. although
substantial increases In earnings were re-
ported In Sugar the hand of the most i'm
portant insider in the property was be-
n ~ vel "
strong throughout and Inspired a hurried
march to cover on the part of the bears
In that and other oversold shares, and es-
pecfalIy Chicago Gas. The rise was attended
by allegations of foreknowledge by powerful
manipulators that no serious legislative at
tacks on the tnduStrialS are impending in
the near future. The market was strength
ened, also. by the ACKNOWLEDGEMENT of gold
for shipment on Wednesday. although this
may be a premature argument. A German
American banking house is expected TO en-
gage 100000 to H.000.00o in bars to-day.
nounced strength soon deveioped in M the i i0-
dustrials, while the railroad list. led by the
grangers, improved fractionally. Toward the
end of the first hour an effective raid on
cent or over, Rock Island and Burlington
sustaining the greatest loss. The general
After midday Chicago Gas became con-
spicuous by rapid rise OF about per
cent. This was generally regarded as a
alizing sales were responsible for the loss
of a considerable part Of the early i'm
provement in the industrials. Sugar was
again put forward as a leader by the bulls
In the last hour and the price was marked
cage Gas left Off 2ss; Tobacco. IA. and
Leather preferred, 1ss per cent higher
Speculation left of strong for the indus
trials and steady for the railroads. In the
last class but few important net changes
occurred. Denver & Rio Grande preferred
held a net improvement of IL and Lake
Shore of lis per cent.
Railroad bonds ruled duh and irregular
The sales amounted to $4,000.
Government bonds were steady, except for
Pacific skies OF 1896. which are down per
cent. and Pacific skies OF 1897. which are
UP per cent. on the day. State bonds were
active.
The following table. prepared by James E.
Berry, Room Is Board OF Trade, shows the
range OF quotations.: