The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-09-26
STOCKS MOVING UP
SPECULATION IRREGULAR. But
PRICES TENDING HIGHER.
Favorable Rumors Cause Advance in
Whisky Trust shnres-Local Mar
kets More Promising.

At New York yesterday money on eau
vas easy at 11z42 per cent: last loan, IL
per cent. closed. ~ per cent.
Prime mercantile paper. 4izG5 per cent.
Sterling exchange was weak. with actual
business in bankers bills at $i.ssa4 94S9 for
demand and S4.S7zs@4ss for sixty days:
posted rates. s4ss1zQ4.s9 and s4s9izQ4.9c;
commercial bills, s4.s711
Silver certihcates s7dl67ssc; bar silver, 6szsc;
Mexican dollars Jy4c. AT London bar sill
YER was 80 Sid per ounce.
Total sales Of stocks were 2sl, 949 shares,
including: American Sugar. 1880; American
Tobacco. $500: Atchison. third assessment
paid, 5000; Burlington. 1890; Chicago Gas
5000; Missouri Paciic. 5,9oe; Reading. $500
ROCK Island. 10000: st. Paul, 22fO0: Ten
nessee Coal and Iron, $500: Wheeling &
Lake Erie, 1850.
The speculation. while irregular at inter
vais yesterday, was in the main towards
higher level The volume of business was
fluctuations in a number Of Instances were
material. Influences bearing on prices
we're reports OF contracts by powerful syn
creates here and in London TO buy large
docks or American securities. In some
cases the bonds have been bought ahead of
delivery, as In the heavy purchase of Erie
r rrst consolidated prior lien 4 per cents.
market has yet to be reflected The en-
gagement OF the expected 81. 600 in gold
py large commercial house was an
nounced and some surprise was expressed
AT the destination Of the metal-Germany
instead Of London. as heretofore. An addi-
sionai small engagement to Canada was
Island directors to increase the dividend
rate from the regulation one-half of / per
cent. quarterly had an unfavorable effect
on tne entire granger group. The indus
trials were sympathetically affected by
stSrsngtn In Sugar on the further general
advance reported in the refined product.
F.urthermore, weaker tendency i'm the
sterling exchange market had a bearing on
the dealings. An important bit of news did
not become public until after the close of
OF 90 cents per ton in Western wholesale
anthracite coal prices.
The stock market opened weak a
moderate volume of business. The early
pressure was. chiefly directed against the
grangers and Southwestern shares The
selling OF the first mentioned was partly
considered liquidation and In the last was
due TO the less favorable reports OF earn
1ngs OF the Southwestern railroads This
rs almost entirely attributable TO the slow
movement OF cotton The declines noted
were fractional aside from recession of
MISSOURI Pacific of l per cent. and of lis in
Southern Pacific. The bulls soon TOOK hold
and under the leadership of the industriais
the entire market improved. The advance
was checked after the first hour of trading.
10 n0.000600 in the capital stock of the Illi-
nois Central Railroad Company was re-
nected in a decline of ~ per cent. in the
snares. The market closed strong. with
gains OF 2@ per cent. in Distilling Ia i'm
Rubber, IA in New Jersey Central and Cam
ada Pacific and rs in Sugar.
Bonds were quiet and generally lower
In the late trading. however. prices stiff
fened somewhat and Chicago & Erie firsts
snow gain or Ia per cent. Sales. 81, 100000
Government bonds were firm. State bonds
were inactive.
:. The following table. prepared by James r..
Berry. Room Is. Board OF Trade. shows the
range or quotations.