The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-05-08
HEAVY STOCK SALES
BUSINESS ON NEW YORK 'CHANGE
MORE BU0YANT THAN IN MONTHS.
Marked Advances-Locai Markets
Active and Firm.

At New York, yesterday. money on call
was easy at 1Gliz per cent; last loan.
IL per cent: closed at ~ per cent.
Prime mercantile paper, 3g4iz per cent.
Sterling exchange was barely steady,
with actual business in bankers bills at
A.SsAG4Ss7s for demand and ASAq4.s7s
for sixty days: posted rates. A.sS44s9 and
sIsslz@4sO; commercial bills. As7.
Silver certificates. 67hq67hc; bar silver.
ss1zc; Mexican dollars, 521zc. AT London
bar silver has advanced TO 30 7-l6d per
ounce. -
Total sales OF stocks were 391 $50 shares,
including: American Sugar, $500; Atchi-
son. 4.so0; Burlington. $500; Chesapeake &
Ohio, 24,500: Chicago Gas, $500; C., c., {.
& st. l.. 500; Distilling certificates. $500;
General Electric. $500: Louisville & Nash
vile. 400; Manhattan Consolidated. 3,lO;
Missouri Pacific, 5000; National Lead, $500;
New Jersey Central. $500; Northern Pa
ciic preferred. $500; Northwest. 10000; oma-
ha, 400; Pacific Mail, $500; Reading. l4,IN;'
Rock Island. 1920; st. Paul. 1850; United
States Leather, $500; United States Leather
preferred, 400: United States Rubber, 400;
Wabash preferred. 400; Western Union,
1880; Wheeling & Lake Erie, 1880.
The share speculation was characterized,
yesterday. by a degree of buoyancy which
has not been exhibited since the recent
upward movement went into operation.
Transactions reached a total which has
not been touched in many months. The dis
tribution of business was very wide. and
some Of the low-priced and usually in
active stocks were dealt in largely and
made material gains. The buying was
mainly FOR the home account, but the for
o,~, rboraac mara arco In tho r,arEot No
heavy purchasers and helped the market
in it's upward march. The shorts again
continued the covering move, especially in
the grangers. with Burlington as the
leader. An advancing tendency was mani
Tested at the opening of the exchange,
and while there were occasional reactions,
n msre 10 f fasine al S %ere Quickly aes l0T Teeove Mefs
and a higher range of values was prompt
~ established. There was a little furry
In Reading, which was sold down rs per
cent. but recovered q per cent. The sales
were made by an interest which has been
opposing the reorganization plan. In the
and closed decidedly strong in tone, the
principal gains on the day being: canada
Pacific. st. Paul. Illinois Central. New Jer-
ssy Central. Peoria & Eastern and Mime
apolis & 81. Louis, l per cent; Minneapolis
& ST. Louis preferred. 2; ST. Paul & Omaha
ferred, IL; Rock Island and Baltimore &
Ohio. rs; Delaware. & Hudson. Flint &
Marquette preferred. Consolidated Gas,
American Express and Pittsburg, c., c. &
ST. Louis. ~; Pacific Mail. rs; c., c., C.
4 81. Louis. IL; Chesapeake & Ohio and
low Central preferred. "a; st. Paul. Min
nesota & Manitoba, 8. and Chicago & East
ern Illinois. Az per cent. The few losses
made. compared with Mondays closing
prices, ranged between u and y per cent,
and are mainly confined to the specialties.
except that Bay State Gas sold down 2s
per cent.
The bond market was very strong and
animated. the dealings aggregating S.601,-
900. Round amounts of the speculative
issues were taken for the European ac-
count The more substantial gains are:
Minnesota & St. Louis frsts, 44 per cent. /;
Illinois Central. 3i15; Reading third converti-
bles, Union Pacific, Lincoln & Colorado
firsts. 21k; Peoria & Eastern incomes, 21s;
Keokuk & Des Moines firsts, 2. The only
recession OF note is 2 per cent. in Mil
waukee. Lake Shore & Western firsts,
Michigan division.
Government bonds were strong. State
bonds were inactive.
The Following table. prepared by James E.
Berry, Room is, Board Of Trade, shows the
range OF quotations: