The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-12-10
SOME WILD TRADING
OVER TWO HUNDRED THOUSAND
SHARES TOBACCO TRUST TAKEN.
Railway List Almost Entirely Neglect
ed for IndustriaIs-LocaI Mar
u kcts Fairly Firm.

At New York yesterday money on call
was easy at 1iza2ik per cent; last loan. 2;
closed. 2.
Prime mercantile paper. 4@51s per cent.
Sterling exchange steady, with actual
business in bankers bills at s4Ss7s04.Ss for
demand and sf.s7ss 94ss for sixty days:
posted rates. s4ssls@4ss and 4.ssik@49e;
commercial bills. $4G
Bar silver. 6s1kc: certificates, 66ik967c;
Mexican dollars, 5sAc. Bar silver at Lon
don. 30 7-16d per ounce.
Tota, sales of stocks included: American
Sugar. 43.100; American Tobacco. 2O3. 700;
Burlington, 1000; Chicago Gas, $500; Read
ing. $500: st. Paul. 5000; United States
Leather preferred. $500
The dealings in the railway list Monday
were relatively insignificant. beside the OPP
erations in the industrials. Out Of the ag.
eregate sales of the day OF little over &c.
600 shares, Tobacco counted for over 100000
shares. Speculation for the week began
with an active market and lower tendency
10 prices. Naturally enough. after the ex-
citing episode in Tobacco on Saturday, a
large crowd OF traders conferred around the
post in that stock yesterday morning and
anxiously awaited the sound of the gong.
The first transaction recorded was 5000
o44a4 - dL ALoin ID u % dS against olLl p0c
final sale OF last week. The price soon re-
coded TO g. and then ranged between GA and
65 until the afternoon, when an unmerciful
milking process carried the price TO r.
a rally OF per cent from the lowest of the
day. The stock left off with net gain on
the day of AS per cent. The preferred stock
broke SA per cent In the early dealings,
but subsequently, improved with the COM
tional loss. Heaviness was the characteris-
Tic OF the industrials at the opening. Chicago
Gas ana Leatner preferred declining sharp
ly,. Sugar making an important fractional
gain. but unable to hold the advance The
market soon evinced tendency toward
higher prices, and substantial gains fol-
lowed in Sugar. Leather preferred and Chi
cago Gas The gains in the railway list
were unimportant. Before the expiration of
AGAINST the industrials, and. together with
selling TO realize profits, accelerated a de-
cline Leather preferred yielded 81, Sugar
Ia and Chicago Gas about a point In the
afternoon session the tables were turned
and the bears were driven sharply to cover
in some instances marking prices up on
each other in the high-priced industrials
As was the case earlier in the day the inn
provement In the railroad list was light.
9 Ne preferred was marked up 2ss. Sugar
per cent. Late In the day il was learned
that an application for an injunction tenn
porariiy restraining the carrying out OF the
consolidation plan. made by holder OF a
10)share certificate, and upon which some
sock was sold, had been granted In the
~nis tdu.n8 a decllne or l@s per cent. oc-
CURED In Reading which chiefly due TO
sales by holders either unable or UNWILLING
70 pay the 70 per cent. assessment impend.
ing on all of Reading junior securities un-
DER the proposed plan OF reorganization
Eventually recovery was made of about
ono-haif of the decline 1t was believed
that but Tor the erratic movement i'm the in
dustrials. rne nonengagement of gold and
the belief that none would be shipped on
saturday would have enabled the railroad
Isl 10 make better showing The market
closed active and strong.
The railway bond market was quiet and
lower. The sales were confined however
10 fractions The sales We're $685. 600
Government bonds ruled higher ON mr.
cnases Of $4,000. In State issues $500 Vir
advance
The following table. prepared bv Jam>s "
berry. Room 16. Board OF Trade show, the
range OF quota lions: = s