The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-06-17
STOCK TRADE HEAVY
PRICES on NEW YORK CHANGE
TENDING TO HIGHER FIGURES.
New Government Bonds Sold High
as IL; 5-S-Local Markets Active
and Firm.

new Government bonds Sold as High
as 123 5-s-LocaI Markets Active
and Firm.
At New York. yesterday. money on call
was nominally l per cent.
Prime mercantile paper, 2I"0t3Ia per cent.
Sterling exchange was firm. with actual
business in bankers bills at s4s9i4G4 Sels
for demand and A.ssl4QLsS1s for sixty
days; posted rates. s4.s9 and $3.50: CONNER
cial bills. sl7i<a4s7$.
Silver certificates. SIC: sales $1,000 Bar
silver. es%sc. Mexican dollars. 53Ac At
London bar silver closed at 3O1zd per ounce
The exports of specie from the port OF
New York for the week amounted to s3l,oSs
in gold and sSlS.5SO in silver. The imports
We're: Gold. s25,3Ss. silver. Sl03s25; dry
goods. sl.sOs.s73: general merchandise, ST.
536, 952
The weekly bank statement shows the
following changes:
Reserve decrease ................S17O 700 900
Loans. increase ACKNOWLEDGEMENTS. a. 407. 800
specie, decrease. 4,9li,5OO
Deposits, increase ISIS, zoo
circulation, increase. B,OO0
The banks now hold s37,s5S.so0 in excess
OF the requirements of the zo-per-cent rule.
The total sales of stocks were 1866
shares including: Sugar. 15.1OO: American
Tobacco. $500; Burlington. 1900; Canada
Southern, 400; Chicago Gas. 1900; Con-
soldated Gas. 1000: Distilling. 500: Mime
sofa & ST. Louis, 800; New York,
Susquehanna & Western preferred, 300:
Northwest, $500; Reading, $500; Rock
Island. 800: ST. PAU. $500; silver. certif-
Gates. $4,000; United States Rubber, 2,2O0
The stock market opsned irregular with
Chicago Gas the feature of the dealings
5000 shares selling from 74is to u so rap
idly as TO render it impossible to report
prices consecutively. Tobacco gave way
per cent, but the other changes were lin
tied TO fractions. Good buying in Chicago
Gas sent the stock up quickly 2 per cent,
TO a, OF which all but "a per cent was re-
displayed rallying tendency the grangers
consolidased Gas dropped 8 per cent. but
lar. but generally strong. and. in most cases,
prices were at or near the best of the day.
There were few exceptions to the improv-
ing tendency OF the market and some losses
were reported. including: Illinois & Iowa,
rs per cent; Baltimore & Ohio Southwest
ern preferred 2]; Chicago Gas, 1ss: Alton
& Terre Haute. 1, and Reading, "a
The course of values during the week was
mainly in the direction of higher figures.
and there was marked increase in the
volume Of trading. The greater part of the
advance was retained to the close. Under
inss against the DistilIng and Cattle sI Feed
stock broke from 267s to lsisc. A recovery
only reaction Of = per cent?, the stock
closing only per cent. below last Satur-
with its sister trust. and broke sharply on
the Illinois Supreme Court decision on Dis
tilling. 1t was also unfayorably affected by
clined 3is per cent, to 713s. Under hopes of
tbs. bill passing over the veto there was a
rally to I6l+. but that was followed by de-
weeks closing price: The vicissitudes Of
Susquehanna & Western sent the preferred
2. to x. with rally Of 25s for the ' pre-
ferred and lls for the Common. from which
lively. The more Important changes for the
week are as follows: Advances-St. Paul
preferred. ~: Northwest; 2ss; Northwest
4lt: Toledo & Ohio Central, Manhattan Min.
nesota & st. Louis and Mnneso-
ia and Minnesota 0SS St. ri Louis sre second
preferred, u.s.. Michigan Central Southern
REefegEred and sus9leRWsnna Western
So; Pacific Mail, 27sc; Starch first pre-
ssrred. 3; Iowa low Central al, preferred; ga;
per cent. Declines-Minnesota Iron,
p per cent; Alton & Tsrre Hapte. 4; Con-
Hante T. Samofe oRo TeTre
preferred. 2ss, and Bay State Gas. 2ls per
cent The sales of the week were 1,1S5, 100
shares, and $50 stocks were dealt in.
To-day's bond market was active and
strong. the total sales being s1o57.ooo. Spec
ulation in bonds during the week was more
animated thu In for some weeks past and
wac notably strong, the closing prices be-
ing as a rule higher than those of the
previous week. The more important gains
are: Detroit Gas fives, l3h: Cleveland, Gin
cinnati, Chicago & indianapolis consolS, 8;
Denver & Rio Grande fives. AZ: ST. Louis
Southwestern firsts and Southern Pacific
& Evansville firsts. Louisville division 311.
The sales of government bonds were only
$4,000. and the new fours sold at 1237s. the
best price yet obtained for this issue. Sill
yer certificates were dealt in to the ex-
tent of $4,000. of which $4,000 were at 65A
@67 regular. and $4,000 at 67s4 buyer. sixty
days.
Speculation in railroad bonds during the
week more animated than for some
weeks past, and was notably strong The
closing prices were, as a rule higher than
those of the previous week. The more i'm
portant gains Detroit Gas fives, Is;
Cleveland. Columbus, Cincinnati and In
dianapolis consols, S; Denver & Rio Grande
fives, 5i2: St. Louis * Southwestern firsts
and Southern Pacific of Arizona firsts, 334
The dealings In State securities covered a
much wider range of Issues than heretofore.
the total sales amounting to $4,000. includ-
skies. deferred trust receipts. 5000 Virginia
thirds tRiddlebergers). 5000 Tennessee
threes and $4,000 Arkansas sevens issued
TO Little Rock, Pine Bluff & New Orleans
railroad.
The following table prepared by James +;
Berry, Room Is. Board of Trade, shows the
range OF quotations: