The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-10-16
SHARES ON THE Rise
ADVANCING TENDENCY NOTED on
NEW YORK STOCK EXCHANGE.
silver Certificate Figure Largely I'm
the Denlinss-Locsl Markets Hold
ing Up I'm Strength.

AT New York. yesterday. money on call
was easy at 2Q21k per cent; last loan. 2;
closed. 2.
Prime mercantile paper, 41za6 per cent.
Sterling exchange was firm with actual
business in bankers bills at $4Szzd4S for
demand. and A.S7G4s7A for sixty days;
posted rates. A-s7ixQLss1z; commercial bills.
<.seA.
Silver certificates. es49sslzc; bar silver.
Csc: Mexican dollars. 5s4c. At London, bar
silver Was 1hd per ounce.
Total sales OF stocks were ~. $40 shares,
including: American Sugar, $500; American
Tobacco. 1900; Atchison. assessment paid,
$500: Burlington. !. 100: Chicago Gas, 1900;
Distilling. 900; Missouri Pacific. $500;
Northwest. 1890; Omaha, $500; Rock Island.
500; St. Paul. q. 800; Silver Certificates, TO-
600; Union Pacific. 1880; United States
Leather preferred. $500.
Speculation yesterday was irregular in its
course at the outset and remained dull I'M
til practically the last hour, when an ami
mated movement set in. The squirt carried
the record Of business for the day above
Mondays total. After come hesitancy at
the start a strong tone developed which
was unimpaired up 70 the close OF business.
The Improvement scored was chiefly due to
the operations of the professionals. London
was a seller rather than a buyer of our
stocks and a hardening tendency In the
sterling exchange market was noted. The
Union Pacific statement for August was not
a bull card, as II showed decrease for the
95 in net. The market, however, was not
unfavorably Influenced by any OF these con-
siderations. or by the continued bad trade
conditions Of some of the leading industries.
An encouraging development was the forg-
Ing TO the front OF the granger shares. In
the industrials. Chicago Gas and Leather
preferred recorded the heaviest trading. The
strengthening factor IN the market was. in
cal change for the better in earnings, to
that are now practically in the last stage
of completion among the New York trunk
lines. A steadier market grade of sole
leather, which has been the chief cause of
dispute between rhe United States Leather
Company and outside tanners, was fol-
lowed by appreciation In the price of the
preferred stock, while the traders were con-
fident that the governing committee of the
New York Stock Exchange would list the
Central Trust receipts for Chicago Gas.
Distilling was unresponsiye TO a consider
able amount Of favorable news and gossip
concerning the outlook OF the property In
the unlisted department trading occurred
for the first time, in the stock of the new
concern, the American Spirits Manufacture
ing Company, subject to issue.
There was continued strength and activ-
ity in the railway bond market The date
Of publication Of the Union Pacific plan of
reorganization has been again changed. this
extended TO Nails per cent. in the grang-
ers. the last in Rock Island. Northwest
touched and closed at the best figure of the
year, 1914. Leather preferred and Iowa Gen.
trail preferred, rose 2. The closing was
strong at not far from the highest point
The trading in bonds was characterized by
considerable strength and animation, the
dealings a~ggregating 81, 50.000. The specu-
lation embraced a number of the usually
inactive mortgages. in which. substantial
advances, as a rule, were noted.
Government bonds were neglected. State
issues were not dealt in.
The following table. prepared by James r.
Berry, Room is, Board Of Trade. shows the
RANGE of nuofaffooG-