The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-07-11
SHARE LIST STRONG
DEMAND CHANGERS LED TO
HIGHER PRICES FOR STOCKS.
Foreigners in tie Market buying
American securifies-LocaI BUSH
ness Up to Expectations.

At New York yesterday money on call
was easy at la1iz per cent; last loan. /;
closed at l per cent.
Prime mercantile paper. SaSi2 per cent.
Sterling exchange was firm with actual
business in bankers bills az $i.eoi4.9Gi4 for
demand and A.s9qLs9A. for sixty days: COM
mercisI bills. .A.ss@tssh; posted rates, sL.S9
QiSls and A.90G4.9015.
Silver certificates, 65a67isc; bar silver.
&c; Mexican dollars, 5s4c. At Londo bar
silver was 30 9-16d per ounce.
Total sales of stocks were 3l9. 0S9 shares.
including: American Sugar, 1920; American
Tobacco, IL. 100: Atchison. $500; Burlington,
1870; Chicago Gas, $500; Distilling, $780,;
General Electric. 3.4OO: Kansas & Texas
preferred, 3.4co; Lake Erie & Western. 400;
Long Island traction. 800; Louisville &
Nashville. 1920: Missouri Pacific. $500;
Reading. $500; St. Paul, $500; Southern
railroad. 1000; Southern railroad preferred.
1000: Tennessee Coal and Iron. 1900; United
States Leather. $500: United States Leather
preferred, 1900; Wheeling & Lake Erie,
$500.
The stock market was unsettled during
the forenoon yesterday, but was strong
during the afternoon. with some few excep-
tons. The favorable character of the gov
eminent crop report gave tone to the mar
ket. and induced purchases OF st. Paul and
Burlington. and indirectly led to buying of
the leading railroad stocks. London was in
the market as 2 larger buyer than of late
tingent. although the Londo market for
Americans did not display any inactivity.
Chicago Gas was again most prominent in
the transactions ard 6uctuated widely and
with much frequency. The stock opened at
an advance of * per cent, but was i'm
n1ediately attacked by the bears on dis
quieting reports touching the status OF the
trust and the dividend question. \ decline
OF 2s per cent. followed, but before noon
the loss was more than recovered. Buying
orders were numerous at the lower figures
and led to a sharp covering movement
which sent prices up 3k per cent. A subse-
with a rally Of Is, making a gain on the
day of 1s per cent. The Leather shares
to a well-founded belief that the directors,
at their meeting later in the day. would
take no action on the regular dividend on
the preferred stock The latter 2roke "a
A rally TO 901l was made before the fore
Swallowed action was taken by the directors.
Then came a slight reaction. but closing
prices were 81 and 91%, being net declines Of
1Z for the preferred and Is for the COMMON.
A demonstration was made against Read
ing. based on the fact that j. L. Welsch
was not present at the recent conference
of Reading reorganization. but il was not
very effective, the stock closing only y per
cent. below Tuesday. The market closed
generally strong. but Manhattan was de-
pressed by the placing of a small block OF
stock in the market and fell of Il per cent,
with a Anal rally of ~ Compared with
Tuesday prices show gains in a majority of
cases, the more important being hqlh in
the grangers: rs in Pacific Mail and Louis
Vile e Nashville; III in Lake Erie & West
ern and 13s in Missouri Pacific. Among the
declines are Hooking Coal and New Eng
land. 1 per cent, and Manhattan IA.
The bond speculation was strong and
inactive. the sales a~ggregating $2.126.O0o.
Baltimore & Ohio hrsts, Parkersburg
branch. and Houston & Texas Central de-
benture skies rose 5 per cent; Rock Island
extended hves. registered, 21s: Louisville &
Nashville fives, "a; Southern Pacific OF Ari-
IONA frsts. Tennessee Coal hrsts, Birming-
ham division. / per cent.
Government bonds were firm. State bonds
were inactive
The following table. prepared by James E.
Berry, Room IS. Board OF Trade, shows the
range of quotations:
Open- High Low Clos