The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-01-25
DULL DAY IN STOCKS
Not Until After Delivery Hour Was
Markets FIounderfnG in "A Rut.

At New York, yesterday, money on call
was easy at ia per cent, last loan. III;
closed at III per cent.
Prime mercantile paper. 2AQ4is per cent.
Sterling exchange was strong with actual
business in bankers bills at $4.S9A for de-
mand and at $4.Ssl4 for sixty days; posted
rates, A.s9@490: commercial bills. s4S7@
4s7A.
Silver certificates. 5sa4c bid; bar silver,
bs1sc; Mexican dollars. 4s5sc. At London.
bar silver was 27ld per ounce.
Total sales of stocks were 120250 shares,
including: American Sugar, 1900; Bur
lington. 1900; Chicago Gas, 5000; Distilling.
$500; National Lead Company, 1900; North
western, 100; Northern Pacific preferred.
400; Reading, $500; Rock Island, AGO. st.
Paul, 1890.
Yesterday was rather dull day on the
Stock Exchange, only 10000 shares of stock
being traded in. At the opening specua-
ton was firm in tone, and during the first
three quarters of an hour the tendency was,
in the main, upward, Southern Pacific pre-
ferred and Baltimore & Ohio leading. Then
came a slight reaction, followed by a quick
recovery, after which the market became
stagnant until about half past IL O'clock
when heavy sales of Lead by holders of
long stock acquired for speculation pur-
poses caused a sharp break on these shares
The bears also put out some short lines in
the stock on rumor that dividends the
common were to be suspended. Sugar and
Northern Pacific were forced down a frac-
tion the general list finally receding under.
pressure After midday slight improve
ment was made, in which Lead did not
participate, but the higher figures We're not
set in which Leather preferred, Sugar and
Southern preferred were most prom
inent Not till about delivey hour was the
downward movement checked, but there
after prices continued to appreciate to the
close. and the final dealings were quite
strong in tone; except in Iowa Central pre-
ferred and Cordage common the latter
touching 5; which is the lowest price ever
made for the stock. Compared with the last
sales of Wednesday. yesterdays closing
prices were fairly well divided between
gains and losses, but there is a slight pre-
though the appreciation is merely fraction
al except in Baltimore & Ohio. which is
were most active of the railway e section i'e Of
the market, notably St. Paul. show. adj
vs vance oof SOS excluding Rock Island.
ada Pacific. Northern Pacific preferred and
Of deenss per sad In es List
rs; LaClede Gas and Leather preferred, /;
Iowa Central preferred. 2. Chicago Gas
huctuated within a range of 7s per cent,
and closed unchanged on the day
There was no decisive tone to the specula-
ton IN the POND market during the morn
ing, but dn the subsequent trading the reac-
tlonary tendency became quite pronounced,
and the closing was easy. Sales for the day
were $l127,000. The more prominent de-
clnes are: Cordage firsts, 6 per cent;
Union Pacific, Denver & Gulf frsts, pa;
Northern Pacific thirds. 21a; General Elec-
frsts. registered, ~. Advances: New Jer-
sey Central first convertible of 1902 tx;
Burlington Sinking Fund f1ves, ~. and Erie
fourth extended, Michigan Central fives of
1881 and Reading tours, I.
Government bonds were firm. State
bonds were inactive.
The following table. prepared by James
f. Berry. Room 16, Board of Trade, shows
the range of quotations: