The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-06-14
ADVANCE CONTINUES
UPWARD MOVEMENT IN STOCKS
AND TRADE FAIRLY ACTIVE.
Whisky Trust shares Not Much Hurs
by the Decision i'm Illinois
Local Markets steady.

~ New York, yesterday. money on call
WIS easy at / per cent; last loan. l. closed
al l per cent
Prime mercantile paper. 2l4GSIz per cent.
Sterling exchange steady, with actual
business in bankers bills at AssItG4 s91a
for demand and siss14a4ssIs for sixty
days: posted rates. $is9a49o commercial
bills. sLS7Iz.
Silver certificates, s7G61$sc; bar silver.
&c: Mexican dollars. 53kc.- At London bar
silver was 20 9-f6d per ounce
Total sales OF stocks were 342 40 shares
INCLUDING: American Sugar. $1,000; Amer
lean Tobacco. 12.5o0; Burlington. 49, ic0: chi
cago Gas. 4l,200: Distilling 2i.7C0: Louisville
* Nashville. 800; New Jersey Central.
$3.50; New York Susquehanna & Western
preferred. 500: Northern Pacific preferred,
s.ooc; Northwest. 400: Pacific Mail. $500:
Reading. $500: Rock Island 100: 1t. Paul,
1910; silver certificates. $1,000. Southern
Railroad. 1900: Southern preferred. 1880:
Tennessee Coal and Iron. 900; Wabash
preferred. 1900.
Speculation on the Stock Exchange con-
tinues TO display "A fair degree of activity
and the upward movement OF prices is still
unchecked. To-day's market while irreg-
ular at times exhibited a strong under
tone. and the short interest took but litele
pains 10 conceal their desire to curtail
their outstanding contracts when the ..on-
ditions of the market warranted covering
operations. There were some stocks which
were governed by special conditions. and
which moved independently of the general
list Distiiling is notable example. The
impending decision OF the Supreme Court
OF 1, ILLINOIS sv IN the que warranto case which
trust rendered the stock weak in the early
dealings. decline of = per cent.
III iii
followed by rally OF Ia. Upon the an
nounccnent that the court had declared
the trust illegal a reaction of only, e PEE
cent followed. and this quickly re-
covered on buying induced by the unani-
nous expression Of opinion of the officers
of the company and members of the re-
organization committee that the Judgment
had been expected and would not hinder
the reorsanization OF the company. An
purchases. with final reaction of a, max
Ing an Improvement on the day of y per
opening transactions. but when the action
OF the court against sister trust was
made public the stock lost the entire gain
buoysnt and continued to move upward
during the first quarter OF an hour. when.
on TeaiIzins sales; a slight reaction took
place. This proved mere brief interrupt
ton In values was resumed and continued
no TO 2i1 per cent. and being most pro-
nounced in the coalers. Sugar Tobacco
racine Mail and General Electric. Sales
TO take profits brought about another re-
action OF lsG2 per cent. in which the chief
sufferers were Tobacco. New jersey Cen
trail Susquehanna & Western common and
Before midday speculation had taken an
upward turn. but did not assume much
proportions until after l o'clock. from which
time the market was strong up to the
close. the advance extending to liz per
Central Pacific and Great Northern pre-
ferred in the race. Compared with Wednes-
day the closing prices are generally higher
Lackawanna. 2: Reading and Susouehanna
&western preferred. 1ss: New Jersey Cen
trail. ~; Central Pacific. rs. and Great
Northern preferred. 1 per cent
Trading in bonds was a repetition of
that Of Wednesday, with marked strength
brisk activity and wide distribution OF
trust receipts. were dealt i'm for the first
time at g and 27izQ277s. The sales were
s2.s9s.o0o. The principal gains were: De-
froit Gas hves II per cent; Milwaukee.
hanna Western refunding Eves pa !:
Reading second incomes 2A; c., c. c.
St L., Cincinnati, Wabash & Michigan di-
IA; Southern Pacific OF Arizona firsts ~:
Northern Pacific seconds. 2ih; Northern Pa
cihc thirds. 8: Northern Pacific consols ga,
Pacific Montana frsts, New Jersey Cen
trail fves. registered San Antonio & Ar
ansas Pass tours. .; Missouri Kansas &
Texas and Western firsts. st. Louis & South
division. L per cent. Declines-Midiand of
New Jersey firsts, H., Cordage fir-sfs IL
and Starch firsts. Ohio Southern tours and
Seattle. Lake Shore & Eastern ffrsts trust
receipts, 1 per cent.
Government bonds were firm. State bond
were without feature
Inc following table prepared by James f.
range OF quotations.