The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-02-02
STOCKS MORE ACTIVE
ToNE OF SPECULATION HEALTHIER
THAN FOR SOME TIME.
Chance to Force n Bond Issue TicI<Ies
Wall Street Dealer. Greatly-Lo-
cuI Markets Dull.

At New York. yesterday, money on call
was easy ct 1iSa2 per cent; last loan. 2;
closed, 2 per cent.
Prime mercantile paper. sac per cent.
Sterling exchange was easier. with actual
business in bankers bills at $i.S944.S9H for
demand and at sLssGI.Ssis for sixty days;
posted rates, 81. S91. and $i.901s; COM
mercial bills, s4.s7q4.S7M.
Silver certificates. 6olsc bid; bar silver,
597sc; Mexican dollars. 4s,kc. At London. bar
silver was q 7-1ed per ounce.
so.al sales of stocks were 2l3,1 03 shares.
f1clL-ing the following: American Sugar,
5000; Burlington, 1900; Chicago Gas. p, 100;
General Electric, n, 200; Louisville & Nash
Vile, 1850; Missouri Pacific, 900: National
Lead. $500; Northwest, 5000; Reading, $500;
Rock Island. II. 700; st. Paul, q, 400; Western
Union, 7.40o.
Speculation on the Stock Exchange, yes
terday, was healthier in tone than for a
long time past. There was an active buying
movement in which London was very PROM
inent, the purchases for the foreign account
being chiefly st. Paul and Louisville &
Nashville, but Reading and Atchison came
in tor q small measure OF attention. The
moving inIuence or the market was the
universal DcneI that the issuing of a four
percent. loan OF 500, W., 600 by the govern
ment was an assured tact. While there was
no officlal of the common
ANN Va ~ lOdI, luG
street. which ever taxes one side or another
OF a Dues .on, adopted the theory and used
1t as an accomplished fact that the loan was
to be, and they reasoned out that the United
States treasury Golfers would be filled with
gold and with foreign gold at that, which
would De less likely to be withdrawn in the
near future than If the loan were to be
taken as a Whole at home. The easier tone
OF the sterling exchange market in the aft
ernoon also tended TO asst the apprecla-
ton in share values. which began at the
opening, and which, with but few Interrupt
fion1 nttnt 20 Ah4 Ice A,-s~- A.
last hour Of business. when the announce
ments We're made of the cancellation
for shipment tomorrow, made early in the
day. speculation became absolutely buoyant
and the market continued in good tone to
Lead sold up Ia, lost the gain, but closed
1 per cent. above yesterdays closing. Gen
eral Electric gained Us, receded IA and re-
everything. on the list dealt in showed adj
vances on the day, the more important of
Reading and Sugar preferred, Mobile &
Ohio Cordage preferred and guaranteed,
Wheeling & Lake Erie preferred, Leather
Yer & Rio Grande preferred. st. Paul e
Omaha. III; Rubber. IA; Pacific Mail and
Iowa Central preferred. Lake Erie & West
ern preferred, Chicago Gas, Tobacco and
Illinois Central Declines.Pittsburg &
X. and distilling, n.
There was considerable strength to the
the same causes which influenced the share
speculation. There was a fair semblance of
activity. the sales aggregatins 1896, 900. The
principal advances are: Michigan Central
'nves. regular. Of 1881, AZ: Union Pacific,
Denver Il Gulf flrstss 21s. Declines-Union
Pacific gold skies, Az; Louisville, Evans
vile g. st. Louis consols fves, 2; Kansas
Pacific consols skies, rs; Peoria & Eastern
frsts. 2.
Government bonds were easy and State
bonds quiet.
The following table. prepared by James
r. Berry, Room 16. Board of Trade, shows
the range OF quotations: