The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-01-11
LATE SHARP ADVANCE
STOCK IRREGULAR AND UNSETTLED
UNTIL NEAR THE los
After Delivery Hour There Was Real
Strength Devcioped-Locnl Mar
cts Active and Higher.

At New York, yesterday. money on call
was easy at 1q1h per cent: last loan. 1iz;
closed. IL per cent.
Prime mercantile paper, 2A@ila per cent.
Sterling exchange was strong. with actual
business in bankers bills at $4.SSNm4.S9
for demand, and $4.S7A for sixty days;
posted rates. s.SSAaiSsls; commercial
bills, $4.S6A.
Silver certificates closed at 5Ozsc bid:
sales, 10000, at Goo. Bar silver, 59hc. Next
can dollars. 40hc. 1t London. bar silver,
27Ad per ounce
Total sales OF stock were 100, 151 shares.
including: American Sugar. $500; Burling-
ton. $500; Chicago Gas, 27.700; General
Electric. 400; New Jersey Central, 200;
Northwest. 1900; Rock Island, 800; st.
Paul. 10000; Silver Bullion Certificates, TO-
coo; Western Union, 200.
The share speculation was, in the main,
irregular and unsettled and it was not I'M
til after delivery hour that the speculation
developed any real strength. There was a
sharp advance in the final trading, but the
gains were not sufficiently large TO wipe
out the earlier losses. The dealings were
chiefly in Sugar and Chicago Gas, the
combined sales OF which were greater than
those of all the rest OF the list. st. Paul
and Rock Island were the only other stocks
in which transactions exceeded 500 shares.
The covering of short contracts In Chicago
MAS was COlltlilQtIs Stiluluk IL SIOCk up
rs per cent. to rs. After IL o'clock, Sugar
which had advanced u per cent, was ham,
mered by the bears and broke Us, to 1914.
The general list also gave way d fraction,
but steadied somewhat at noon, mainly by
1eason of the absence OF any selling pres
sure. The Cordage shares were sold down
Us for the common stock, 2hs for preferred
and ] for guaranteed. Hooking Valley,
sernaa 4 ADVANCED Z ss ~ S,s to liz, and the pre- e.
these shares was due to- purchases in
duced by the favorable decision in the
company's suit against Judge Burke and
others to recover the proceeds of the 49,
600. 900 OF bonds which, 1t is claimed, were
diverted to the use of the directors. Ma
tional Starch sold at 90. against the last
preceding sale at 45. The active list eased
off fractionally until about delivery hour.
when a sharp upward movement set in,
in which Chicago Gas gained ~; Sugar
and Pittsburg K Western, i. The general
market gained a fraction, speculation clos
are recorded on the day. including Hook
ing Valley preferred, s.; Hooking Valley.
Canada Southern. Pittsburg & Western
preferred and Sugar preferred, /; Chicago
Gas, q. and Rock Island. a. The declines.
however, are more numerous and include
National Starch preferred. 5; Cordage pre-
ferred. 2; Cordage guaranteed, Ia; Cord
age common. /: Missouri Pacific and st.
Paul. q; Burlington & Quincy and North
west. y and sugar per cent Iaciede
preceding sale. For the first time in over
n year there was a sale of silver certifi-
Gates. 5000 selling at 60.
Inc trading IN the Dond market during
the day was at lower figures for a ma
Jority of the issues dealt in. Dealings were
more animated and aggregated $1,272, 500,
OF which $194,000 were Kansas g. Texas
preferred. The main changes are: Declines
Cleveland a. Canton firsts, 21a per cent;
Wisconsin Central incomes, 2h; Kansas
Pacific consols skies, 2; Lehigh & Wilkes
barre coal fves sold at 92. against 102 on
Feb, %.
Government bonds were firm. State bonds
were dull.
The following table. prepared by James
f.. Berry, Room 16, Board of Trade, shows
the range CT quotations: