The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-12-04
SUGAR SHARES DOWN
CLOSED AT IO3 ON NEW YORK
CHANGE AFTER TOUCHING 1oc Us.
Market Flooded with the stock, which
ton OF Trade mt indianapolis.

At New York. yesterday. money on call
was easy at 2g2is per cent. the last loan
being made at 2iz; closing offered at 2ik.
Prime mercantile paper. 3stQ5 per cent.
Sterling exchange was firm with actual
business in bankers bills at $4.Ssa4 Ssh for
demand and $i.s7ss@4SS for sixty days; post
ed rates. s4-ss1z and $4.ss1z44s0; commercial
bills. s4.S6z..
Silver certificates. 67Am67slc; bar silver,
&c; Mexican dollars. 5ic. At London bar sill
yer closed at 80 Sled.
The sales OF stock on the New York Ex-
change yesterday included the following:
American Sugar. 1880; American Tobacco.
sl,4Oo; Burlington. 1880: Chicago Gas, u 700,
Louisville & Nashville 300; Pacific Mail.
$500: Rock Island. 400; st. Paul, 800;
United States Leather preferred. $500: West
ern Union. $500.
The transactions in Sugar stock over
Swallowed the entire market yesterday. In
total Of 2sl,700 shares for the general
market. the industrials figured for 21o.2oO
shares, and the sales OF Sugar absorbed 154.-
300 shares OF the latter record. leaving only
81, 500 shares for the railroad list. Sugar
opened fractionalIy higher. at 1861. adj
vanced on large dealings to 1865. reacted
TO 102ss and closed at 1903. or two points net
lower as compared with the final price or
the previous day. The early rise had been
attempted to be explained by higher mar
ket for foreign sugars and the alleged inn
proved statistical position of the company.
which. II was declared. foreshadowed the
declaration this week OF the regular divi-
dends. Shrewd judges of the market Gained
10 detect in the scoop the mastery manipu>
lation CT the largest interest In the prop
erty.
ne general market opened active and
higher on favorable news from abroad,
rulnors OF an early Panama railroad. Pa
CHIC Mall settlement. expectation or an in>
crease in the dividend on the common stock
OF the Northwest company this week and es>
Inmates OF favorable earnings by the gram
ger roads. In the railroads, although busi-
ness was very light, these influences were
operative nearly all day. On the other hand
the detection by the traders of heavy realiz~
ing sales In sugar at the top figures inspired
a drive at that and the other Industrial
shares. Toward the end of the first hour
there was a sharp inquiry for the grangers
was stimulated by the belief that the ex>
ports OF gold to-day would be limited to
100000 ordered by a German-American
ton rose per cent. and Louisville & Nash
Vile improved to an equal extent on buy
ing for both local and foreign account. Inn
portant fractions were gained by other
shares. Immense blocks of Sugar stock
were thrown on the market after midday,
and the price steadily receded- Its weak.
ness. however. did not influence the general
market until the final hour OF business,
when a general reaction set In and some
material declines were recorded. The Begin
ming of the anti-consoiidation arguments
at Chicago to-day had special adverse in
fiuence upon Chicago Gas.
The transactions in railway bonds .aggre-
gated s., $4,000 The market was firm and
higher. with the gains chiefly fractional.
In government bonds. the old four coupon
and registered and new fours coupon were
slightly higher; others unchanged.
State bonds were inactive.
The following table, prepared by James E.
Berry, Room Is. Board Of Trade. shows the
range of quotations.