The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-12-14
DEALING IN LEATHER
THIRD OF THE DAYS BUSINESS on
CHANGE IN THESE SHARES.


At New York, yesterday. money on call
was easy at 1q21a per cent; last loan. 1,
closed offered at I.
Prime mercantile paper, 4g5iz per cent I
Sterling exchange was steady. with ac-
tual business in bankers bills at $iSSlzg
ASA for demand. and A.s71zGi.SIA for
sixty days; posted rates. $4-sSQiSs and
~SlSsxaf-9o; commercial bills. sf.s7.
Silver certificates. e6q66l2c; bar silver.
Coo; Mexican dollars, sac. At London bar
silver was % S-1sd per ounce.
Total sales of stocks were 15.Soi shares.
including the following: American Sugar,
ex. divioend, D,O0; American Tobacco, 49,
90: Chicago Gas, 1000; Consolidated Gas.
loo, Denver a. Rio Grande preferred,
900: Pacific Mail. 500; Reading. 1900; st.
Paul. 800. Tennessee Coal and iron, 90;
United States Leather preferred. 60,SD0;
Western Union, 1900.
The industrials practically constituted
yesterdays stock market and irreSularity
in the movements was quite a feature.
The entire dealings aggregated only $4,000
shares. The dealings in Leather preferred
figured for one-third OF this amount and
Chicago Gas. would leave only 1900 shares
for the other shares Covering of shorts
was the chief stimulus TO the speculation.
The initial prices were irregular on a
light volume OF business. A declining
tendency soon developed and material
losses occurred in several instances Balti-
luoEc a. OIlO was again COuSplruOuSll
weak. dropping "a per cent. on selling for
both accounts. The consensus Of opinion
in conservative circles is that. in view of
the persistent and singularly definite at
lacks on the credit OF the company, the
management should not content itself with
vague generalizing deniais: In the general
the enc OF the first hour and a strong
rally started under the leadership Of
the preferred Us per cent, both retaining
the Improvement to the close. The strength
in the stocks named inspired sympathetic
advances In the other industrials. ex-
ing by belated shorts in Manhattan re-
suited In a gain Of IL per cent. The move
confined to fractional limits. A report
which was In circulation to the effect that
the long expected agreement between the
panies had been actually signed by Presi-
dents m and Huntington caused an
advance OF about a point in the stock Of
subsequently, lost on the publication OF
denials. Long Island Traction moved up
~ per cent on .ne report OIL tne purchase
reorganization committee. Buying set
down 10 Boston accounts caused a rise
IN and shat ci ssoss o. ! Lo Des Sen ( %n sae eta atr
tracted attention by a break Of 3h per cent.
and at later rally OF nearly as much. The
movements were unexplained Consumers
Gas sold up rs per cent. to 1917, the best
price OF the year, on the reiteration of
rumors of consoiidations, stock dividends.
etc. The final price, however, showed only
a fractional Improvement over Thursday.
The market closed moderately active and
strong in tone and at general gains.
The market for railway and miscellaneous
bonds ruled firm and higher on transact
tions a~ggregating 81, 433, 600. The more i'm
portant changes were: Advances-Balti-
more & Ohio Southwestern firsts. 8; St.
Louis & San Francisco consol fours, 21z;
Wabash firsts. Detroit & Chicago Extern
sion and Peoria & Pekin seconds, 2 per
cent; Susquehanna & Western refunding
fives, Ia. and Chicago & Northern Pa
cifc firsts. trust receipts. st. Louis & South
western seconds, and Union Pacific sinking
fund Fights, ia per cent. The chief de-
cline was in Wisconsin Central firsts, trust
receipts, 31z per cent.
Government bonds were steady. State
bonds were dull.
The following table. prepared by James e.
Berry, Room 16. Board OF Trade, shows the
range OF quotations: