The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-02-21
FIRM BUT INACTIVE
SPECTATORS HOLD OFF TO NOTE
EFFECT OF NEW BOND SALES.
business ON Change Below an Aver
age Days Trnding-Local Markets
with Few Features.

At New York. yesterday, money on call
was easy at 11a per cent. the last loan
being made at IL: closing offered at IL per
cent
Prime mercantile paper, S1aG5la per cent.
Sterling exchange was easier, with actual
business In bankers bills at $4.SS44.S3A for
demand. and at $s6AQis7 for sixty days;
posted rates. si.871@@4.ss and s4.ssq4. S915;
commercial bills. 4S6GJ4. Ss1i
Silver certificates, 60ssc. Bar silver closed
at 60asc per ounce. Mexican dollars, 4S1ac.
AT London bar silver closed at 2s 1l-16d
The total sales of stocks yesterday were
l2O,6T shares, including: American To-
bacco, 1880: American Sugar, 1860; Bur-
lington, 1900; Chicago Gas. 1890; D. and
G. F., s,70o; Erie, $500; General Electric,
1900; Long Island Traction, 800; Louisville
d Nashville, 400; New Jersey Central,
$500; Northwestern. 600: Rock Island, 1890;
81. Paul. 1920: Western Union, 200.
Yesterday was not an active day ON the
New York Stock Exchange, but the specu-
lation In the main was firm in tone, and
majority of the issues dealt in closed
uisner tnan on Tuesday. But despite the
inactivity in the share market the street
was fun of interest to financiers, large and
by a greater number of persons than for
some time past. The attraction was the
opening OF the subscription lists for the
new four-per~cent. government loan at the
oHlces OF Belmont & Co. and Pierpont Nor
san Co others than subscribers were
anxious about the result, for on the success
OF the loan hung vast commercial as well
as great sa, fnancial interests, the credit of
news touching the subscriptions on the
bonds came from London in dispatches an
scrbed for many e tmes o naa been sub
sscripslons stu coming in. This was fol-
syndicate. here had closed the substitution
books within twenty minutes after they
haa been opened the issue having been
until the allotments are decided on, which
!, n.E Is expected Will be made public on satur-
syndicate, that considerable more than one
nan OF the bonds will be allotted in Lon
ether side for ali the gold possible in on or ene
government to help keep the gold reser rHe
iln nt ana prevent withdrawals of the yell
Of subscriptions brought ths bombs Ths rush ;nh
bd I'm ~ r. me 1s open market. and they were
"a. Al the opening of the stock market a
l lirh, tone prevailed. but the trading was
however. was soon begun which resulted in
s 9 aractional Improvement in the more active
neavy hoating indebtedness of the Chicapo
sas companies had been discovered led fo
Tree selling, of the companys stock and to
was quickly recovered The rest of the
iist was we'll he'd and in a few cases slieht
.'cAC maui Inc decrease in
t ,hs Tor the second week in February of
me Louisville & Nashville road indI,ced
S oaSisl as well as some slight local selling
n pJt witnout serious effect on the stock
wnicn rallied later and closed near the
pest point touched During the hour nre.
ceuing noon the speculation was strong for
me me leadng shares, but some of the soeciaI
ues broke on the sale of small lots n the
b hal ah afternoon the market was stagnant.
pput ABOUT o clock an attack was made on
Lopacco on the strength of report that a
iucn OF harmony existed in the board of
aireclors ana the stock gave way 2tb with
maj rally of u. New Jersey f1e,trai
Northwest, Manhattan Sugar and a few
otner shares gave way fraction, but there
Isn s n9 general reaction. The market was
uecloediy nrm during the last hour of bust
ness ana closed in good tone Among the
mere important gains the day are Con-
1sa od ne,a Gas, per cent: Lead preferred,
q western preferred, H. and American
Express, per cent. Louisville q Terre
hhute broke per cent, and Tobacco 1H
Eel cent itai az the late dealings Quicksilver
per cent. "a ieAieu
There was a brisk demand for railway and
miscellaneous mortgages, which resulted in
acted and some material appropriations. The
81. Louis. Southwestern issues displaved
tne most animation and their combined
the day of ST. 900. The more proninant
declines are: St. Louis Vandalia &, Terre
daute nrsts, Sss per cent; Peoria, Decatur
Sa, Evansviile irstss 8; Southern Pacific of
cifc and Montana flrsts and Erie second
consol trust receipts stamped, l per cent
Government bonds We're strong Regis
coupons, Y; tours registered, /, and regis.
tered Tours coupons u per cent. from yes
ferday state bonds We're Inactive.
r. Berry. Room i6. Board Of Trade. shows
the range OF quotations: