The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-12-11
INDUSTRIALS ACTIVE
TOBACCO TRUST SHARES CONTINUE
TO BE LARGELY DEALT IN.
Favorable Influence at Work I'm Rail-
way Stocks-LocaI Markets Firm,
with Prices Steady.

At New York yesterday money on call
was easy at 2q2lz per cent; last loan, 2;
closed, per cent.
Prime mercantile paper, 1854 per cent.
Sterling exchange was dull, with actual
business in bankers bills at $4.SSAq4.Ss for
demand and s4s7s4G4.ss for sixty days;
posted rates. s4sS1z@4.s9 and $4.ss1zQ4.so;
commercial bills. $751;
Silver certificates. 6eQ66ssc; bar silver. &c;
Mexican dollars, Sc. At London bar silver
was 30 3-16d per ounce.
Total sales Of stocks were 256, AS shares,
including the following: American Sugar.
1850; American Tobacco. $1,000; Burlington.
700: Chicago Gas, 11.OO0: Consolidated Gas.
200: Manhattan Consolidated, 5000; Read
ing. $500: Rock Island, s,1OO; United States
Leather preferred. $500; Western Union.
11.2Oo.
The industrial shares again absorbed
speculative attention on New York Change
yesterday despite several favorable in
fiuences on the other market. These con-
sisted Of declaration of the regular quarter
ly dividends on Manhattan railway stock
and the recommendations on the part OF
the executive committee OF the Western
Union Telegraph Company at yesterdays
meeting assuring the declaration of the
regular quarterly dividend by the full
vorable influence was the encouragement Of
gold for shipment by to-days steamer
The bears had for. long time. past pro
Manhattan dividend and possibly in that Of
the Western Union Company was assured
gained and the last / per cent ON the
news of the favorable action. but In each
case only half of the advance was retained.
In the first half hour the railway list was
dustriaIs opened depressed and moderately
active. A vigorous raid was soon started
Tx - G..s-4I
pany and the price yielded 3A per cent.
Leather preferred was forced down Y per
After 1O:15 O'Clock and in the subsequent
dealings until the last hour the bulls con-
trolled this speculation. Covering of shorts
Tied: Tobacco rallied AZ per cent; to 721t:
Gas on trading that might be considered
very heavy for that stock. sold up 6 points
to 1904 by noon, the best price OF the
year. The movement was variously ex-
planned by rumors Of the probable declara-
ton OF an extra, or stock dividend and to
the alleged favorable outlook for a consol-
idation of the New York gas companies,
on lines similar to those carried out by
the Brooklyn companies.
The same reports have frequently been
made to do service In the past. No official
confirmation OF them at this time has been
obtained e on general principles. however.
ible. Reading was the most active and the
weakest of the railroad list, losing per
cent Illinois Steel, on light sales, dropping
4 points. About 2 o'clock the bears made
renewed demonstrations against the mar
ket and succeeded in bringing about ma
terial recessions in Sugar, the Lead shares,
Leather preferred. Consolidated Cas- Chi
cago Gas and Tobacco. The last mentioned
closed unchanged In price, as compared
with Mondays final sale The market closed
dull and heavy In tone.
The dealings in bonds were slightly more
animated and irregularity in prices was
quite marked. The sales were 81 1000 The
more noteworthy changes were: Advances
Galveston. Houston & Henderson frsts,
Savannah & Western first trust receipts,
rs. Northern Pacific terminal firsts, 2 per
cent.
Government bonds made further slight
advance on purchases of $4,000. A block
OF $4,000 Virginia centuries changed hands
at unchanged quotations
The following table, prepared by James E.
Berry. Room is. Board OF Trade shows the
range Of orOfa ions.