The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-02-28
NO RUSH In BUSINESS
SPECULATION ON NEW YORK
CHANGE YESTERDAY WAS QUIET.
After a Firm Opening There WINS a
Decline In Many sharcs-LOcaI
Markets Steadily Improving.

At New York money on call was easy at
IL per cent
Prime mercantile paper, 31s@51s per cent.
The sterling exchange market showed a
small volume of business, the tone was fair
ly firm at slightly lower rates, both de-
niand and long bills selling at concessions
of about 1sd from Tuesdays figures. The
inquiry Is good, chiefly by foreign houses
who have been sellers of stocks in this mar
ket for the London account There was an
attempt to Create an impression that there
Is some danger sof gold exports owing to
the fact that exchange is approaching the
shipping point, but it has borne no fruit,
as there Is firm belief In the street that
the bond syndicate has the market well
an hand. At current exchange rates gold
cannot be shipped probably, and the bond
syndicate is in position to draw freely
IN order tosmeet any hardening tendency
mat may become apparent. One of the syn
dcate mas been free drawer and the
syndicate Is prepared to draw literally when
the occasion requires 1t, but it is no part
of its policy to break the market unnec-
essarily. Sterling exchange was firm, with
ae ss business IN bankers bills at $4SslaaG
1854 for demand, and at $.S714.S7 for
Sky ky DAYS; posted rates $487ta0s4sS and
Silver certificates, 6O5sc bar silver 6ossc:
Mexican dollars, 4S1sc. At London bar silver
was q ls-lsd per ounce.
shares. including the following American
sugar 2, 200; american Tobacco 6, 400; Chi
Pacific, S,40O; New Jersey Central. %, 800.
New York Central, 300; Northern Pacific
Island o S'Cg Psn ss 9leo Rock
Speculation on the stock market, yester-
business. The market opened firm and
there was a very general advance in prices,
which was led by Canada Pacific, with a
fn tba
general strength was United States Leather
Preferred PREF which was sold on the decara-
stead OF A per cent, as was anticipated.
stoe GFess Sf per cent was made the
Gers Gers were found Then came rally to
69As which was the closing price; the COM
of 4 per cent The general market was
fairly well held up to II o'clock, at which
Corded a T Tfa, IN had sales res
10 realize profits, which resulted in re-
action Of lsalA per cent, Missouri Pacific
eral recession Cotton Oil and Consolidation
Coal moved up. per cent. and few other
shares fraction. After midday the trad
Ing became stagnant. and the movement in
prices In the usually active list very slow.
During the last hour the coal shares doomed
Central, which was, in strong buying de-
a P the 70 belief be tha the avn
anticipated. AS a result of the purchases
subsequent reaction of per cent, leav-
Ing gain on the day of 27s per cent. In
the final trading Baltimore a. Ohio broke
2 per cent on sales of 500 shares. but the
market generally closed, steady. The last
prices compared with the closing sales of
Tuesday. in the main show apprecia-
tion in values. Among those shares which
show declines are Baltimore & Ohio, 81,
Michigan Central, PA United States Leath-
err, 2; United States Leather preferred, q
c.. c., G. 4 st. L.. III and Long Island
Traction. ] per cent.
The bond market ruled quiet, but gen
orally firm during yesterday. Among the
inactive mortgages there We're some nota-
BILE recessions The total sales were $654,-
zoo. Changes of Importance We're: Adj
vances--C Cincinnati & Springfield sevens, A.
New York Central debenture tours. z; Lou
isville Evansville & st. Louis consol fives,
per cent Declines-Northern Pacific sec
onds and Erie second consol trust receipts.
. per cent; !. Nickel-plate fours, registered.
IL. and Cincinnati ST Louis &c Pittsburg
Government bonds were steady. State
bonds were dull.
The following table prepared by James
T. Berry, Room l6. Board OF Trade. shows
the range OF quotations: