The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-10-18
MARKET LESS ACTIVE
TENDENCY or STOCKS AND BONDS
II TOWARD OWE PRICES.
Foreign Exchange Rates at New York
B~isiBs-Locai Grain Market Active
and Genera Trade Improving.

At New York yesterday money on call
was easy at 2d2ie per cent: last loan. 2;
closed at >
Prime mercantile paper. vac per cent
Sterling exchange was strong. with actual
business IN bankers bills at $4SSzu4sSA
for demand and As7A@4ss for sixty days;
posted rates. $4ssa4ssik and $4SsdLs9h;
commercial bills. H.S6is-
silver certificates. e7zGssAc. Al London
bar silver dropped to so7sd per ounce.
Total sales Of stocks were 49, SS shares.
Including the following: American Sugar.
500; American Tobacco. 400; At-hison.
100: Burlington. 1900. Chicago Gas, 1880:
Consolidated Gas. 300: pistillers. 1900;
Northwest. 400: Pacific Mall. 800; Read
ing. $500; Rock Island. 500; -. Paul. u.loo;
Tennessee Coal & Iron. lo.ioo; Emitted States
Leather preferred. 1880.
The market yesterday was less active
than on Wednesday and the tendency was
uniformly toward a lower level. Profess
sional leaders were conspicuous In attacks
on the list. being inspired by q further rise
in foreign exchange rates to a point en-
eouraging expectations OF renewed gold ex-
ports The appearance OF gold cables was
not reported. however. on the other hand.
IL Is notec that transfers of currency to the
interior toI crop moving purposes have been
resumed, -4s5.v0 was shipped. cniefiy 10
New Orleans. making the aggregate this
cled In the preceding week and its revival
should logically be reflected In a larger
supply Of cotton bills in the near future
aud increased offerings or commercial ex-
cnange. The selling pressure was alleged
20 have been lighter than II would have
been but for the expectation OF favorable
reports of earnings by the railroads. The
st Paul. for the second week In October,
shows an increase OF Sl9s, lis Ia gross fig
nres. The market opened dull and irregu-
lar. and soon developed marked weakness,
the chief sufferers being Sugar, Chicago
Gas. the grangers and a few of the more
prominent speciaities- Pullman rose 4 per
cent on the announcement or the dividend
declaration, but subsequently, lost the Inn
provement on sales. chiefly attributed to
the taking OF profits. At Intervals the
vsnces were established over Wednesday
nights closing figures. In the late trading
che bears renewed their attack, causing
general fractional recessions. Central
Trust Company receipts for Chicago Gas
were traded In TO the extent OF 100 shares
at ss'4. The time for depositing the stock
under the consolidation plan has been ex-
Tended 10 Nov. l without penalty. The
most important financial development. the
publication OF the reorganization plan of
the. Union Pacific, was delayed until a late
hour last evening. The stock market closed
weak at general losses, which were in the
main only fractional.
The market for railway and miscellane-
Gus mortgages was moderately active, and.
while the trading was somewhat erratic.
the trend Of prices was in the main toward
a lower level. The usually inactive issues
came In for moderate attention. Many OF
the changes in these securities were ma
terial Keokuk & Des Moiaes firsts sold
clown IL per cent. TO i0s. but subsequently
rallied TO 105. the frst-mortsagc bonds OF
the American Spirit Manufacturing Com
pany. I'm which dealings were inaugurated
yesterday. brought So for $500. the aggre-
gate sales OF the day being $1.2f3.000
Governments were easier in tone. with
sales OF $4,000. State issues were quiet.
with sales OF $1,000 Alabama Glass G..
Tho following table. prepared by Janes p
Berry. Room rs. Board of Trade. shows the
range of quotations: f