The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-05-28
WEAK AT THE CLOSE
REACTION ON CHANGE AFTER A
LONG PERIOD OF STRENGTH.
Foreigners Again I'm the Market to a
Limited Extcnt-Local Markets
Active and Prices Higher.

At New York yesterday money on call
Was easy at l41ls per cent. last loan, l per
cent: closing at 1 per cent.
Prime mercantile paper, 5qfk per cent.
Sterling exchange was dull and steady,
with actual business in bankers bills at
$lSS9f.SSis for demand and at sL.s7a4.S71s
for sixty days; posted rates. sL.S711a4.sS and
$4-Sslz@4.s9: commercial bills, st.Ss14-
Silver certificates, s7asgs7%c; bar silver,
&c: Mexican dollars. 5sAc. Bar silver.
30 u-16d at London.
Total sales of stocks were 243, 95S shares,
including: American Sugar. $1,000; Ameri-
can Tobaccos $1,000; Atchison. 300; Chesa-
peake & Ohio, 400; Chicago Gas. 1900: Dis
filling, 81. 500; General Electric, 500; Mis-
souri, Pacific. 5000; Northwest. $500; Pacific
Mall. $500; Reading. $500; Rock Island, A.
600; St. Louis & Southwestern, 4,s0o; IT.
Paul, $500; Texas & Pacific, $500; United
States Leather. 200; United States Leather
preferred. 1900; Wabash preferred, 1900;
Wheeling & Lake Erie, $500.
With the exception of about three-quar-
tiers of an hour between IL and II o'clock
yesterday. the stock market was strong
throughout the day. The foreign houses
were small buyers and the London cables
reported a good market for Americans ex-
cept at the close, when a slight reaction
took place Crop reports were favorable
and the traffic statement received generally
showed increased net earnings. Speculation
opened strong, and during the first hour
prices advanced steadily. Tobacco selling up
8 per cent. Leather preferred i7s, General
Electric and Distilling Ia, Chicago & East
ern Illinois preferred 11z. Minneapolis &
St. Louis ], Minneapolis & ST. Louis first
preferred IL, Minneapolis & st. Louis second
preferred 2, and Minneapolis & st. Louis
trust receipts 5h per cent. At the higher
ngures there was some realizing, and the
bears put out a few lines, causing a reac-
tion Of 21z in Tobacco, rs in Sugar. which
sad w Previously nyes gained 4 A. IL Il IN no SIasaSa e ann;
rs in Colorado Coal and Leather preferred
and a fraction in the rest CO the list. To-
sequentiy lost y per csnt. The general
market also regained las tone and con-
tinued strong to hyps TO the close. the
while a few OF the specialties made ma
terial gains ssd one or two recorded de-
i s,afsi u yss I resseted To- f1se on IA selling Rfh seo orde Gs
from o,t Of tow and rallied u. Alton &
Terre Haute advanced 31z per cent, Tennes-
Ia. Toledo, st. Louis & Kansas City ~
and Canadian Pacific l per cent. Hooking
Valley. after an early recession of Is per
rallied IA Pullman declined 1z per cent,
ard in the final dealings the Cordage shares
1cit OH "a Tor the common and 10 for the
guaranteed and preferred. The market was
generally firm at the close. but compared
with Saturdays prices the final sales were
Irregular. but in the main higher on the day.
The principal gains are: Minneapolis pre-
ferred trust receipts. 5; Minneapolis com
mon. q: Minneapolis first preferred, IA;
MINNEAPOLIS second preferred 1; Alton x
Terre Haute. 3z; Tobacco, pa; Tennessee
Coal preferred and New England, Starch
first preferred, IA; Toledo. st. Louis & Kan
sas City and Chicago & Eastern Illinois
preferred. III; Burlington, Leather pre-
ferred and National Linseed, Ia, and Ca
madam Pacific and General Electric, 1 per
Gent The declines above a fraction were:
Lake Erie & Western preferred. l per cent. /;
Colorado Fuel. Ia: Pullman. IL. and Sus-
quenanna Il western preferred, 2 per cent,
the latter being sold down on rumors that
an estate which holds a big block of the
stock is liquidating.
The bond trading was active with a very
wide distribution of business. During the
in the later session the advances and de-
clines were fairly even. The sales were
S,0e5.0oo. Northern Pacific dividend scrip
extended brought "A, against 30 on June IA.
consol four-and-a-halfs were traded in at
100. against 1885, on. JAM q. Norfolk &
Western frsts. Maryland & Washington d.
vision, fell to 63, against 20 on April Is.
frsts, 5 per cent: Louisville & New Al
bany %consols, 1S; Louisville & New Albany
consol fives and Burlington consol sevens
~; and Northern Pacific thirds; l per cent.
A, "a: Wabash seconds, ia: Wabash second
debentures. series Il. 1; Cincinnati, Dayton
& Ironton fives. Ia; Chesapeake & Ohio,
K & a: first %eonsols. ~; Baltimore & Ohio
Government bonds were strong. State
bonds closed dull.
The following table. prepared by James f.
Berry, Room Is. Board OF Trade. shows the
range of QuOfariOQS.