The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-03-14
SILVER rs ADVANCING
SPECULATIVE PURCHASERS IN LON
DON GIVEN AS THE CAUSE.
Stock Market Dull and Only Slight
kcts Depressed by the Weather.

At New York, yesterday money on call
was easy at llzG2 per cent; last loans, 1ls
per cent; closed at 14 per cent
Prime mercantile paper 3slq5ia per cent
Sterling exchange steady, with actual bust
ness In bankers bills at s4s9Q4.S9l for de-
mand and at $iS7s4G4ss for sixty days;
posted rates. s4.sSl4G4.S9 commercial bills,
A.Sss4
Silver certificates 6lisc; bar silver, 607sc;
Mexican dollars. 49c. The advance in the
price of silver is attributed to speculative
purchases in London, which have led to
decreased offerings In this market. Lon
don stock of silver is unusually large
is to be seen by the report for February
of the London produce clearing house, linn
tied. This company does future delivery
business in silver, receives bullion on stor-
age and makes cash advances against it.
In February the company registered con-
tracts for delivery of silver up to July
next to the amount of 1,775,224 ounces.
Total sales of stocks were 140.59o shares
including: American Sugar. 37.s03; Chicago
Gas, 1900; Distilling, 1905; General Electric
II. 100; Louisville & Nashville, 500; New
Jersey Central, 400; New York Central,
1880; New York & New England, third as
sessment paid. SOC; Northwestern, 100; St.
Paul, lol00; Wheeling & Lake Erie, $500.
The. stock market was rather dull, yes
terday, and the changes in price at the
close for the leading shares were as rule
shgnt. Speculation opened firm, and in the
early. trading the active list advanced a
traction and Central Pacific sold up IA
per cent. on a purchase of 100 shares. Great
Northern preferred, on sale of z0J shares,
broke per cent When the buying orders
l<et sagged off and Chicago Gas was forced
uown LIS per cent. by pressure to sell,
which was removed before noon. The raid
on this stock weakened the general list
ana caused further reaction, which did
not. however, exceed fraction. There
the depression. notably New England ana
Canada Pacific both of which rose per
cent. The market cont nued heavy until
after midday, but the movement of prices
was narrow and the trading light. Before
O'Clock the downward tendency was
slight interruption, continued to the close.
The transactions In Sugar, while the larg-
reduced in volume, and the fluctuations
were confined within "a range of rs per
Gent. an advance being recorded on the
purchases mainly for the Boston account
made a gain of 1ss per cent. closing at the
highest point touched. Advances on Tues
lays final figures were established in Cen
trail Pacific. ~; Hooking Valley and New
New Jersey Central and Delaware & Hud-
son, a. In the list OF declines were: Great
Northern preferred. 3 per cent; Ellison
rs; cordage guaranteed and preferred, y.
and Chicago Gas, q per cent The mar
net WdS Strong at the close.
The bond market displayed unusual ac-
tivity during the day. The speculative issues
We're in demand, particularly for the Atch-
ison, Kansas & Texas mortgages. the com
hlned sales of which were $576 600 out of a
total for the day of $l192,5oo. Among the
INACTIVE securities some material Recess
sions We're. made. notably Chicago e. Erie
iirsts which fell 81 per cent, and Missouri
Pacific thirds, 5ia. Other losses were: Union
Pacific sinking. fund fives, Cordage firzts
and Southern Pacific of Arizona firsts, q
Consumers. Gas Of Chicago firsts;; ~; Lou
srn. OF California fyes,. rs, and Hooking
Valley skies. Long Dock skies, Norfolk &
Western general skies and Northwest gold
sevens, registered. /. ADMINISTRATIVE
extension tours. registered. Az per cent.
BROOKLYN Elevated frsts, Atchison tours,
2is; -Atchson seconds ~. Iron Mountain
firsts. t7s and Hooking Valley fives and
General Electric debenture fives. Interna-
tional & Great Northern seconds, Kansas
Pacific eonsols and Michigan Central fiyes
of 1881. registered. per cent.
Government bonds were steady. State
bonds We've inactive.
The Stock Exchange las listed the new
United States per cent. bonds. They will
henceforth be quoted in the bond list.
The following table. prepared by James
i. Berry. Room 16. Board OF Trade. shows
the range OF quotations: