The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-03-09
WALL STREET NEWS
TWO CORPORATION ANNOUNCEMENTS
oE CONSIDER ABLE IMPORT.
Sugar Continues to Lead the Share
List In Activity-Local Markets.
Continue to Improve.

At New York, yesterday, money on call
was active at 2ds per cent; last loan, 2ls;
closing. u. per cent
Prime mercantile paper. ss4Gf5 per- cent.
Sterling exchange was easier. with actual
business in bankers bills at slSS7s@4.s9 for
demand and at SiS7ss@f s7s4 for sixty days;
posted rates, M.Ssisdf49O; commercial bills,
$i.86Sa. Silver certificates, 505sc bid; bar sill
yer, 6Gsc: Mexican dollars, 4ss4c
Total sales Of stocks We're $50. shares,
including: American Sugar. $1,000: American
Tobacco. 3.7o0; Baltimore & Ohio, 4.7oo: Bur-
lington, 1900; Chicago Gas, $500; Delaware
a Hudson, $500; Delaware, Lackawanna &
Western, 500; Distiling. 400; Erie, 500;
General Electric. $500; Louisville & Nash
vile. 400; New Jersey Central. 13.1OO; New
York Central. $500; Northwestern, $500;
Rock Island, 1880; st. Paul, 1850: Western
Union. 6.1Oo.
Two announcements were made yesterday
OF serious import to Wall street The first
OF these came from the reorganization
committee of the Union Pacific Railway
Company. and was to the effect that the
committee had disbanded and that all Sc
curities deposited with 1t would. De re-
turned to their owners. This action is
taken IN accordance with the agreement en-
tered into for the deposit of securities,
which provided that in case a permanent
plan OF reorganization had not been agreed
on by the committee by March the COM
mission should cease to exist. The date
was nxeu as that of the adjournment OF
congress for the reason that the failure
~ unat pody TO act on the matter OF TIL.
De positive bar to the formation of q re-
orsanization plan. Congress failed to pass
Te rem f OF relief and hence it only
tween the committee and the depositing se>
tee yyl no ,,,, Lhe reorganization commit
returned all the securities it held. but its
tnleI functions are dissolved There was no
snGse ln u mon Pacific stock the only
per cent from the preceding price. The
second POTABLE announcement was in the
Morgan & Co.. Of New YORK u any ny I.
. Morgan q Co, of London. declaring that
Of the Erie ss Railway ssn, OF om 5hs bonds ad
posi'ea with them had assented to
Dec e 10 49, ss na forth II the eslar Of
l ne authorization thus given. The circular
uoes not give any hint as to the proposed
mat foreclosure proceedings will be begun
q. 0once, ana that a stock assessment vari-
VIII be levied. The money to paw the linz
1870. coupons has not been earned and II is
Iau ec; fhat the receivers of the company
sue receivers certificates in the aro,,nt of
5000, 600 The shares fell off on the Stock
Exchange ss for the common and ~ ner
cent. for the preferred. = -
sugar was again the star performer OF
the stock market, although the transact
lions were about one-third less than on
thursday. The stock opened at 95& a gain
OF ~ on Thursday nights figures rose to
st1s. reacted to o.. returned to 971s fell back
70 96's, moved up to 9Sst closing a. below
the top price, but Is per cent higher than
the final sale of Thursday. The buying was
attributed largely to insiders, it is claimed
who are determined to squeeze the short in
terest. Canadian Pacific, on sales of 700
shares, broke 5la per cent. the last sale be-
ing at the lowest OF the day. The coal
shares were hammered by the bear traders,
and fell of sharply, the net losses on the
day being Delaware & Hudson, 215 Della
ware & I.ackawanna, 2, and New Jersey
Central, 81. The grangers were also sold
down, and recorded declines of 3s615s Der
cent. The general market was, in the main
heavy. and at the close showed 81 deprecIa-
ton of isp35 per cent in the active list 1
in 81. Paul. VI. a NJ. p, c., c. & St L.
a preferred and Louisville & Nashville; III
an Lake Shore. Us In Baltimore & Ohio and
3$s in Oregon Improvement. Some few
Sains We're made, including per cent. in.
Hooking Valley preferred. The market
closed generally heavy.
The dealings in bonds were rather light.
and the tendency of prices was as rule
downward, but the recessions were gener-
COO.
Government bonds were easier. State
bonds were inactive.
The following table. prepared by James
II. Berry, Room l6 Board OF Trade shows
the range or quotations: