The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-01-09
STOCK MARKET FIRM
BUT TRANSACTIONS ON THE NEW
YORK EXCHANGE LIMITED.
Ycsterday-Indian Grain
Market Inactive.

AT New York yesterday money on call
was easy at 1Ql11a per cent: the last loan
being made at IL. closing offered at 11a per
cent
Mercantile paper 2s4G41s per cert
Sterling exchange firm, with actual bust
ness in bankers bills at 81. .ss&t for
demand and $4.S7ssq4.s7sa for sixty days;
posted rates, s4.SS1k14. s91a; commercial bills,
S4s6iaQ4.s634. Silver certificates 6Oc bid.
Bar silver closed at 59s4c per ounce; Next
can dollars, 49c. At London bar silver
closed at q 7-16d.
The total sales OF stocks were 1856
shares, including the following: American
Sugar. 1920, Burlington, 900; Chicago Gas,
1880; Missouri Pacific, 100; New Jersey
Central, 500; Northwest, 6,600; st. Paul,
s.1OO
Very little of interest or Importance
CURED in the New York market yesterday.
Speculation was at a low ebb and the trad
ing was confined chiefly to the covering of
short contracts. A firm tone prevailsd at
the opening and the first prices made were
generally a fraction higher. Except for
slight reaction about 1915 o'clock, the
ket was rising during the forenoon,
but the volume of business was very light.
Leading in the upward movement was Chi
cago Gas which rose Ia per cent. on heavy
purchases credited to inside interests which,
1T is claimed, are endeavoring to force the
covering of shorts. Canada Pacific sold up
Ia; Bay State Gas. 1B: Consolidated Gas,
1la and Delaware, Lackawanna & Western.
per cent. In the remainder of the list the
gain was merely fractional. Sugar moved
within very narrow range during the morn
ing and was unusually dull. After midday
the shares became more active and moved
erratically but without any of the old time
vigor which marked the stock An advance
of u per cent, to SSA was made in the
opening dealings. reaction to STA, a re-
covery to SSas. with final sale at SO, which
is Is up on the day. Its sales to-day were
only 10000 shares.
The general market during the afternoon
was in the main strong and the prices
moved up fractionally for the greater por-
ton, but some of the early gains were lost
altogether and some only partly. Bay State
Gas broke rs per cent; Chicago Gas re-
acted ", but rallied y, making net gain
fairly good buying up. to 1 O'Clock, at which
time an advance had been established of
" per cent m yesterdays closing figures.
The purchases were made by belated shorts
and, when they ceased, the stock sagged off
per cent, leaving only an Improvement
of u per cent. A good tone marked the late
transactions and the market was firm at
the close at an advance on the day ranging
from q to w per cent the latter in Con
iawanna. New York Central and Cordage; *
Chicago Gas and Lead and a in United
Fats states Leather Grangsrs are up
list. declines were recorded OF "a in Manhat-
tan. IL in Tobacco and Leather common and
IL in Distilling.
There was a moderate increase in the
trading in the bond market during the day.
Prices continued to soar upward and mater
The total sales of the day 1.101, 800. Govern
ment bonds were firm. State bonds dull.
The following table, prepared by James
f. Berry Room 16. Board of Trade, shows
the range of quotations: