The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-08-02
TRUSTS WERE ACTIVE
DEALS IN SUGAR FIGURED LARGELY
on THE STOCK EXCHANGE.
Cordagc Forced Up Several Points by
Bull Traders-LocaI Markets Are
Promising.

At New York. yesterday. money on call
was easy at per cent: last loan. 1; closed.
per cent.
Prime mercantile paper. ga per cent.
Sterling exchange was steady with actual
business in bankers bills at $49OA 9O1s
for demand. and s4.SsitG4selk for sixty
days; posted rates, s4.s3lza49O and $f901zq
491: commercial bills. $4Sslze74Sss4.
Silver certificates. 66ssQ66s4c; bar silver.
ssi<c: Mexican dollars. 5sAc. At London
bar silver was 30l4d per ounce.
Total sales OF stocks were 256.s9S shares.
including: American Sugar, $500; Ameri-
can Sugar preferred. $3.50; American To-
bacco. $500; Atchison second assessment
paid. $500; Burlington. 1890; Canada Pa
cifc. 400: Chicago Gas. 5000: Distilling.
$500: Louisville & Nashville. 1890; Reading.
1850: St. Paul. 900: Southern Railroad.
$500; United States Cordage. 300; Wabash
preferred. 500; Western Union, 1880:
Wheeling & Lake Erie. 4.50o.
The share speculation yesterday was
fairly active. but very irregular. although
prices generally show advances. More than
one-fifth OF the business was done In Sugar
and the bull clique. by main force. moved
UP the price liz per cent. to N.lSA. but
had TO absorb great deal of stock to do
1t, for large blocks were placed on the
market which caused frequent reactions
and the high point was not reached until
O'Clock in the afternoon. In the late
dealings there a renewal of the pres
sure against the property and reaction of
1 per cent. took pace. of which II was
finally recovered The preferred rose "a
per cent. 10 sl.07. closing at the best Chi
cago Gas was next in point OF activity
Western Union was in good buying. The
~ mn ant IlaZ 20
which was based OF the large corn crop.
Tecetveu "a slight check because pronI
taking was INDUCED in. The grangers were
less active OF iate. moving within frac-
tional limits and losing small traction of
realization, except burlington, which is
unchanged. Loif syille & Nashville gained
favorable sentiment regarding It's bond
operations. but lost - IN the afternoon
but did very little on either. The Cordage
shares were feature and were buoyant
on the good influence exerted by the an
nouncement that the reorganization plan
had gone into effect and that additional
heavy deposits OF the securities were being
made Hereunder. Net gains were made
OF Ia in the common stock, ~ in the pre-
ferred, and Az in the guaranteed. In the
late dealings a weak tone prevailed. and
yances were in the main retained and the
last prices show net advances In addition
to those noted of per cent. in Pittsburg
G., c. & ST. l.. common; IA in Mobile &
Ohio. Declines were made of pa in Leather
preferred: 2 in Illinois Steel; IL In Tobacco
preferred and l in Lackawanna.
Bonds were fairly animated and firm.
Erie second consols stamped and Kansas
& Texas seconds rose liz per cent: st.
Paul & Sioux City frsts, 21a; Toledo,
Peoria & Western firsts. - Cleveland &
Canton firsts. Ia. and East Tennessee
consol 6ves. Cordage frsts. and Western
New York & Pennsylvania firsts, 1 per
cent; Illinois Central fours of 1852 receded
2 per cent. The aggregate sales were.
sos. 900.
Government bonds were firm. State
bonds were dull.
The following table, prepared by James Z.
Berry, Room Is. Board OF Trade, shows the
range of quotations: