The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-07-06
IN STOCKS AND BONDS
srEcULATsoy WAS DULL, But
PRICES FIRM AND HIGHER
Covering Movement Set I'm Early and
Led to a brisk Demand-Local
Markets Looking Brighter.

At New York yesterday, money on call
was easy at 1a11z; last loan, 1; close. Ia
IL per cent
Sterling exchange was dull. but strong.
with actual business in bankers bills at
4-@44f-so for demand. and $tssAGf.Ss for
sixty days: posted rates. 4.s904-S3tz and
$49o64So5z: commercial bills. A-Ss.
Silver certificates. 66z@67%c; bar silver.
e67tc: Mexican dollars, 5sszc-
Total sales Of stocks were 195. 173 shares.
including: American Sugar. $3.50: American
Tobacco. $500; Burlington. $500; Chicago
Gas. 9.l0o: Colorado Fuel Company, 5000;
DistiHing. 29.5D; Reading. 1900; Rock Island.
$500; st. Paul. Is. 400; United States Leather.
a70D; Wheeling & Lake Erie. 800.
Speculation on the Stock Exchange was
dull again yesterday. but the prevailing tone
OF the market was firm. and as a result of
the trading. prices. IN the main. show gains
on the figures current at the close of busi-
ness on Wednesday. In the railway list the
Improvement was most marked in the gran
ger group. This was due to the fact that
q covering movement Of fair proportions
had set in, the short interest in this group
having been largely increased during the
meeting to consider the dividend question in
C8o41 ~ CAtiCdSO 1do WOut4 DC nero To-
morrow. the stock of the trust which had
been forced down TO rs per cent. lower in
the early trading came into good demand
and advanced rs per cent. In the. latter
dealings the shares broke 2 per cent on an
unfounded rumor of president Lincoln's res
fgnation. A rally OF q per cent. occurred
At the close. restricting the net loss to Is
Of a newly organized bull pool. selling up
- per cent. of which all but 4 per cent.
was at the close. Purchases OF distilling
were induced by the action Of Judge Sho-
walter in ordering the sale of the trust prop
erty and the shares appreciated is per
cent, closing within u per cent of the top
but In the main firm. The bears, however.
made an attack on. some of the specialties.
which. did not extend to the general list.
covering by the shorts was the main fea-
ture or the early transactions, and although
the buying was moderate. an advance was
reSorued ranging from 3 per cent. in which
Coiorado Fuel, common and preferred, Met
rorohtan Traction, the grangers and Tobac-
co. were most prominent. In the late deal
tngs some shares reacted. but the market
ciossa strong and at or near the best prices
q the day. The chief gains are Colorado
Fuel preferred. 3 per. cent; metropolitan
~ and Burlington & Mexican Central isIa M
Inc only loss above a fraction was a break
OF per cent. In Great Northern preferred.
$l.655.000- During the morning speculation
was generally firm. but In the late session
tnere was some irregularity. The net re-
suits show losses in a majority of the is
sues dealt In. the more prominent of which
are; Northern Pacific seconds, IL per cent.
Nortnern Pacific thirds. IL per cent. and
Northern Pacific collateral trust skies. New
York Central debenture fives, Southern Pa
enc or California consoi fves and Brooklyn
elevated nrsts, 1 per cent. Advances: Mich
collateral trust four-and-a-half trust re-
ceipts and Illinois Central three-and-a-halfs
a. Hooking skies. Hz; Long Island tours
Government bonds were steady. State
bonds were dull.
Berry, Room is, Board Of Trade shows ths
range OF quotations: ~