The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-03-21
The INDIANA TRUST COMPANY
TOO MUCH SCALPING
RUSH TO GRAZ PROFITS DEPRESSED
THE PRICE OF STOCKS.
Foreign Demand Fell or, Assisting
the Observation-Disclosures Markets
Affected by the weather.

AT New York yesterday money on call
was easy at 2@2ls per cent, the last loan
being made at per cent, closing 8 per cent.
Prime mercantile paper, 4a5La per cent.
Exchange easier, with actual business in
bankers bills at S4.S9G4.S 91a for demand and
s4.S7Aoi.ss for sixty days; posted rates,
s4.sSl4a4.9O; commercial bills, $4.S71k.
Silver certificates. Gs1s@6ic; sales, 5000
ounces. Bar silver. 6sssc; Mexican dollars,
Doc. Bar silver at London was 2S 15-16d per
ounce.
Total sales of stock were 1 2,641 shares.
including the following: American Sugar.
2l,eoo; Atchfson, $500; Burlington, 4,SOo;
Chicago Gas, s,1O0; Distilling. 32,0o0: Cen
eral Electric 10,7 700; Louisville & Nashville.
$500; New Jersey Central, 400; New York
& New England, third assessment paid,
s'loo; Northwest, $500; Reading, 1900;
Rock Island, 1000; st. Louis & Southwest
ern preferred, $500; st. Paul, $500: South
ern Railroad, 4.700; Southern Railroad pre-
ferred. 1900; Wheeling & Lake Erie. s. 800.
There was a halt yesterday in the up-
ward movement which has been in force on
Vhe Stock Exchange during the past few
days. 1t is not to be wondered at that
there should be. a break in the advancing
column. which so soon after a most dis
heartening setback had made SO sharp a
recovery of lost ground. The small oper-
ators who materially assisted in the rise in
stocks acted largely on the faith in the
leaders of the market, and it is not sur
prising that, as they did to-day, they should
endeavor to secure part of the profits of
their centuries and take a review of the
situation. 1t was partly due to realizing.
sales, to a heavy decrease in the volume OF
Ioreign purchases and possibly a desire on
down a few points with the view of increas-
lhg the snort interest in the
p market that tatds share values de-
marked pressure to sell except, perhaps. in
SUGAR and the ~grangsrs: The first-named
IN the general list in the reaction. There
was no evidence of weakness at the open
Ing. and during the first hour of business
prices advanced, but during the second
nour there was sharp selling of Sugar here
on rumors that insiders were liquidating,
and the shares took a downward turn, the
greater number of the shares. traded in par
ticipating in the recession. The depression
continued unchecked during the early after
noon, but around delivery there were par
tial recoveries, speculation becoming de-
the lowest point to-day the declines from
the high prices of the morning were 1s in
Hudson and Cordage guaranteed and IL
In the other shares which joined In the
downward movement. Rallies in later trad
Ing lessened the losses a fraction. There
We're other specialties which were strongly
held throughout which show gains, includ-
ing; st. Paul. Minneapolis & Manitoba, 8;
Pullman, 2: New York, Chicago & st. Louis
second preferred, Wheeling & Lake Erie
preferred and Hooking Coal. 11a. and
Leather preferred and Iowa Central pre-
ferred, l per cent. Distilling was well sup
ported. and made a gain of rs per cent. on
dealt in for the first time, and sold / per
cent. above the stock, owing to the fact
that the first / per cent. installment of the
assessment under the reorganization plan
had TO be paid before the issue of trust re-
ceipts. There was more buying in General
Electric for short account on a report that
the forthcoming annual statement will be
favorable. The market was unsettled at
the close.
There was a renewal of activity in the
bond trading, and considerable strength
was displayed in some issues. The trading
was somewhat irregular at times, but prices
generally recorded an advance on the day:
which $4,000 were Texas & Pacific seconds.
Atchison fonrs registered sold at 6319,
dividend scrip was traded in at 1884. against
40 on Sept. ~. A final recovery was made
to 301e. Other changes of note are: Adj
cent; Keokulx & Des Moines firsts and Ohio
Southern fourss 3; Northern Pacific thirds,
IA; Northern Pacific collateral trust skies,
IA; st. Joe & Grand Island first trust re-
ceipts, IA; Union Pacific gold skies. III;
Union Pacific and Denver e. Gulf frsts.
r.; CANON anne 6 fipsts. K ana wha 4, n Micn,,e ulev trsts
fives trust receipts, st. Paul nrsts, South
Minnesota division, Wabash seconds. West
ern New York & Pennsylvania frsts and
Oregon Short-line skies trust receipts, 4.
peclines-Toledo & Ann Arbor and Grand
Wheeling & Lake Erie consol tours, 2z;
Nashville & Chattanooga firsts. Q
A sale of $1,000 of the new fours, coupon,
price yet obtained for the securities. Gov
eminent bonds were strong. State bonds
The following table. prepared by James
e. Berry, Room 16. Board OF Trade. shows
the range OF quotations: