The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-01-16
TRADERS HOLDING OFF
PosTPONEMENT OF THE POOLING
BILL NOT ENCOURAGING.
Sugar and Gas Most Prominent I'm a
Dull Day on 'Changc-LOcaI Mar
kcts Picking Up Slowly.

At New York, yesterday money on call
was easy at 1G11a per cent; last loan. 1;
closed at ] per cent.
Prime mercantile paper, 2AGfl5 per cent.
Sterling exchange was strong, with
actual business in bankers bills at $.S9 for
demand, and at s4.SS for sixty days; posted
rates, A.SshG4S9 and sl.s91s94.9O: COM
mercial bills. $4.S9.
Silver certificates, osAc bid, no sales; bar
silver, 59Ssc; Mexican dollars, 49c. At Lon
don bar silver, 81 3-16d per ounce.
Total sales of stocks were liz, S73 shares,
including: American Sugar. q, 1900; Burling-
ton, $500; Chicago Gas. 20. 100; Distilling. g.
300; Louisville & Nashville, 400; Rock ISL
and, 800; st. Paul, IA, 400.
1t was a dull and undressing day on
the Stock Exchange yesterday and the
changes In prices on the days transactions
were insignificant except in the cases of a
few of the specialties. The commission
houses complained of the absence of orders,
the foreign trade was light and was on both
sides of the market. and the local traders
were not disposed to operate extensively on
either side of the market. The prevailing
tone was depression and the chief cause
was the postponement by the Senate on the
consideration of the pooling bill. At the
opening the market was generally firm,
Rio Grande preferred displaying most
strength. Chicago Gas was exceptionally
complications which have grown out of the
effort TO change the control of the COM
pany. The stock opened at a decline OF
Ia per cent. and a further break of / per
cent. in the first few sales. A brisk cover-
ing movement, however. quickly followed.
first fifteen minutes a general reaction took
place, led by New Jersey Central with a
in nv which d T. Burlington r lse,e ana and St. p PAM we eeeG most
prominent, During the second hour Sugar
w WAS SOLD q. down. y and a few other stocks
ferred, which fell off | per cent, Denver &
Rio Grande at this time rose l per cent.
st. L. each u, while National Starch first
preIerred Jumped 3 per cent. to As. Soon
shown shteT m sisns of tine @ea SnanseT rs t which morn had
elined, the losses from the early high = point
st. Paul and u in Rock Island. Wheeiing &
Lake Erie preferred broke PA and there
except sss I in NEST &. f Faal Z 1 6sinre and o1 q M fraetion.
tan traction. which rose Us and 19 per
cent, respectively. In the late dealings,
contracts and touched the highest point
of the day at the close. The general mar
closed steady. Compared with Monday, the.
last prices made show short losses of a
anG Iona IN q majority of the active lists.
cent. and Wheeling & Lake Erie preferred
~ per cent. Denver & Rio Grande shows
ton, Ia. st: Paul & Duluth, ~ and a few
other speclalties are a. fraction.
There was a firm tone to the trading on
the bond market during the day, but the
aggregate of sales was somewhat lower
man yesterday; The more important
changes are: Administration Pacific gold
skies, IN; Peoria, Decatur Il Evansville
seconds. q Declines-Cedar Rapids, Iowa
rails and Northern fives and Union ele-
waited firsts, 2 per cent.
.Government bonds steady. State bonds
The following table. prepared nv James
y. Berry, Room 16. Board of Trade. shows
the range of quotations: