The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-11-07
HEAVY STOCK TRADES
y BUSINESS ON CHANGE ACTIVE AM
DEALINGS EXCITED ALL DAY.
Larger yolume than Has Been Noted
for several D~ays-Local Mar
kets Quiet.

At New York yesterday money on call
was easy at 2aeiz per cent; last loan. q
closed. 2
Prime mercantile paper. 4a5i4 per cent
sterling exch inge dull, with actual bust
ness In bankers bills at A.SSAqis9 for
demand and 4s71zG4s7A: posted rates, Sass
94.s1s and H.ssgIssls; commercial bills.
1850
Silver certificates. sss.assc; bar silver.
s5s.c: Mexican dollars. 5iiAc. AT London
BAR silver was % ls-isd-
Total safes Of stocks were SS6,I22 shares,
including the following: American Sugar.
7.50: American Tobacco, $500; Atchison.
$500: Burlington. is. 100; Chicago Gas. $500
Distiliinz. $500; General Electric. $500;
Kansas & Texas preferred. 500; Louisville
& Nashville. 1000; Missouri Pacific. $500;
New Jersey Central, $500; Northwestern.
400: Reading. 10. 400; Rock Island. 5.1oO; st.
Paul. 27,7pO: silver certificates. 5000. South
ern, $500: southern preferred. 800; Tonnes
see Coal and Iron. 5000; United States
Leather preferred. 1880; United States
Rubber. $500; Wabash preferred. 400;
Western Union. 17.l00.
Upon a larger volume of business than
has been noted for a long time past yes
terday's stock market, after momentary
strength at the outset. yielded and con-
tinued weak and excited to the close. The
opening was active and was favorably in
fuenced by higher prices for American
securities in London and by early buying
for that account in this market. In the
initial trading buying to cover short con-
tracts caused advance OF rs per cent. in
- At --I--l -
ports OF a change for the better in earn
ings and General Electric improved rs
on rumors of a renewal OF negotiations be-
tween that Company and the Westinghouse
interests No confirmation of the last-men-
toned theory had been obtained up TO the
close Of business. The bears soon assumed
the aggressive on advices OF further polit-
teal and financial complications in Europe
and prices. making special
drives at the industrials. coalers and some
of the specialties. Leather was attacked on
the closing down of the tanneries for sixty
TO ninety days. recently ordered. Tonnes
see Coal scored an exceptional break of 5
per cent on the Inadequate explanatory re-
port OF heavy liquidation by an operator
of some prominence The coalers were I'M
favorably affected by the news that the
greater part of the anthracite now being
moved is at prices considerably below the
present circular and also by statements
that the active inquiry recently reported
has slackened- About the only real news
oCAAC " THAT AlOICA ISIS OI IdIl-
road earnings. chiefly for the fourth week
and month OF October. The exhibits were
mostly favorable. although some notable
exceptions occurred The most important
or these were IN the Southwesterns Mis-
souri,. Kansas & Texas shows a decrease
In gross OF Sl75, Az and Texas Pacific a loss
OF 226.o6s- The unsatisfactory showing in
each case is attributed to the falling off
in the transportation OF cotton and to the
unsatisfying rates for freight. The latest
estimates OF the cotton crop yield point to
an aggregate Of 6,435. 900 bales. against o.
3Dl, 900 bales a year ago. The declaration of
the regular semi-annual dividend on Cot
ton Oil preferred and publication OF the
advance sheets OF the report for the year
ending Aug. 81 failed to affect the stock.
The common sustained an extreme loss of
pa. but subsequently rallied / per cent. In
the industrials the declines at the extreme
low point extended to AZ per cent. in
sharp rise occurred in prices. in which some
shares touched figures above the final
transactions OF Monday. The rally was at
tended by late reports of a mere reassur-
ing character from Europe. In the final
dealings the bears resumed the aggressive.
especially against the coalers and some
OF the specialties. The closing was irreg-
ular, with material net losses general in the
Industrial group.
The railway and miscellaneous bond mar
ket was erratic in the early operations. In
the late session. however. there was a gen.
sues alternately advanced and declined and
the dealings in these bonds footed I'D ssel.-
09 out OF a total for the day of sod. COO.
Inc principal recessionS are: st. Louis g.
outhwestern seconds. , per cent: Brook
lyn Elevated seconds. Denver G. Rio Grande
fours, New Jersey Central general fyes
registered. and Northern Pacific consol
trust receipts. ia. and Oregon i'm
provement consol hves and Central Pacific
ssxes OF 80. n. per cent. The moro in.
pcrtant gains are: Cincinnati. Dayton &
lronton brsts, 2ie per cent: c.. c.. G. &
81 Louis. G.. ". & NJ. division fours. ?
and Chicago x Western Indiana generals.
IL per cent.
Government bonds were neglected. the
transdctlcns a~gsrcgating only 81. O00.
The foiiowine Table. prepared by James r.
Berry. Room l6. Board OF Trade. shows th~
ranRr NJ Qffofaff0ne- to