The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-11-09
SPECULATION QUIET
TRADING IN SHARES CONFINED TO A
FEW LEADERS.
some Free Selling of international
stocks Caused Wcakness-Local
Markets Promising.

At New York. yesterday. money on call
was easy at 11=G2 per cent; last loan. q;
closed. 2 per cent.
Prime mercantile paper. S14d5h per cent
Sterling exchange was steady. with actual
business In bankers bills at s4-S904S9L for
demand. and si.s7Aq4ss for sixty days;
posted rates. A.Ssis and A.S9hQ4.90; COM
merciaI bills. As7.
Silver certificates. 67AGSc: bar silver,
67zsc; Mexican dollars. size. At London bar
silver was 90 l5-1sd per ounce.
The total sales of stocks to-day were
2i.ii7 shares. including: American Sugar,
1850; American Tobacco. 1850; Atchison.
2O.2o: Burlington. 1850: Chicago Gas 1890;
Distilling $500: Louisville & Nashville, DO
40: Missouri Pacific. $500: Reading. $500:
Rock Island. $500; ST. Paul ESQ; Southern
railroad. $500: Southern railroad preferred,
500; Tennessee Coal and IRON 6.5oo; United
States Leather preferred. 500; Wabash pre-
ferred. $500; Western Union. 700.
Speculation yesterday was quiet and de-
pressed and the distribution Of business
somewhat limited. The course of prices
was dominated by disturbing reports as to
the European political situation and the
apprehension caused by the continued
strength of the market for sterling ex-
the international shares for foreign account
was an important feature OF the market
The heaviest loss in the railway list &C.
per cent and was credited to liquidation by
European investors, Selling from the
source also eau ses substantial declines in
Denver preferred lost "a; ST. Paul. rs;
Atchison. rs, and Southern preferred. IL
again unjustified as no engagements have
been made for to-day's steamers. Aside
from the. foreign operations referred to,
ones mentioned. the trading was for the
most part OF a professional character. The
railroad earnings again constituted about
the most Important bearing on the share
prices Atchison exhibited a decrease for
the system of Sites In gross earnings for
ports were uniformly unfavorable- The
market opened active and weak. Louisville
and General Electric j per cent. incidental.
~. IL may be noted that no confirmation OF
the recently reported negotiations between
house is yet ~obtainable. The downward
movement soon halted and under the leader
s proyed q the throu usdSsrLiai L saa I pI prefer n%i
gained liz; Sugar. Ia; Tobacco, Susquehan-
ma & Western preferred and Wheeling &
after IL O'Clock the market again displayed
q reactionary tendency on the gold export
sxpectation n, and depressing i1re,gn news news
took place and the general list sympathized.
The downward trend was Uninterrupted UNI
pearing in Sugar, that stock gained * per
cent. and other prominent shares improved
to a less extent. The treasurer Of the
company was heard from to-day in an
interview confirming the reports or the re-
opening of the refineries within the next
few days. 1t is alleged that the imports of
foreign sugars into this country at this
time are inconsiderable and do not exert
any such influence on the domestic markets.
The controlling factor in the raw sugar
market is the large stocks of beet sugars
In London. The closing was steady, but at
sharp concessions in prices in some in
stances as compared with the final sales of
the preceding day. Erie Telegraph fell
OF TO 50, ex. dividend of / per cent. against
81, the preceding sales. subsequently, how
ever. the price improved to 90.
Bonds were quiet and depressed with the
declines as a rule unimportant.. Wabash
debentures, Series 5, gave way 3s per cent
Ohio southern fours, 2s; Erie second con-
soils, stamped. III, and savannah & West
ern firsts. trust receipts. 1 per cert. North
ern Pacific collateral trusts skies gained 1
per cent. The aggregate sales were Sl.409,-
600.
Government bonds were higher on pur-
chases of $44, 500. In State bonds trans
actions were recorded of $4,000 Virginia
deferred skies. stamped and $1,000 Louisiana
consols fours.
The following table. prepared by James E.
Berry, Room 16. Board of Trade. shows the