The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-03-12
INDIANA TRUST CO.,
Temporary Office. % South Meridian st.
STRONG AND ACTIVE.
STOCKS FIRMER ON FOREIGN DE-
MAND FOR AMERICAN SECURITIES.
The Bull Clique in Full Command on
New York 'Change-Quiet Day
i'm indianapolis Markets.

At New York yesterday money on call
was active at 2@3 per cent; last loan, 2;
close, 2 per cent.
Prime mercantile paper 3s4@51a per cent.
Sterling exchange steady with ac-
tual business in bankers bills at $4S9Q4.SsA
for demand and at $4S7M@4.SS for sixty
days; posted rates. $issl4@490; CONNER
cial bills, s4.86s4.
Silver certificates, 6O9sc; bar silver. 601sc:
Mexican dollars, 4Ss4c; at London, bar sill
yer was 27s4d per ounce.
Total stock sales were 1l91 shares:
American Sugar, $500; American Tobacco,
5000; Baltimore & Ohio. 5000: Burlington,
$500; Chicago Gas. 2,700; Distiling, 20,3O0;
General Electric, 800; Louisville & Nash
vile, 1900; Missouri Pacific. 6100; New
Jersey Central, $500; New York Central,
1890; Northwest, 11,ooo Rock Island, 400;
ST. Paul, $500; Western Union, $780,
The week opened the Stock Exchange
strong in tone and active. An improved
market for American securities in London
was a factor of the strength of the spec
ulation here and both at home and abroad
the cause therefor a heavy covering
movement. The leader of the market
Sugar heavy buying movement therein
having set in at the opening. The clique
of insiders which organized the recent bull
pool in the stock were in full control of
the situation and just as soon as there
attempt to cover brokers bid the
price up them and the squeeze was
continued in operation to the close. The
fluctuations in the shares were: An adj
vance of liz per cent. in the early dealings
to 100as reaction to 1894, rise to 1929, a
drop to 1918, d rally to 1025s and closed 3s
above Saturdays closing price. Sugar pre-
ferred gained l per cent. New Jersey Gen.
trail, after an early reaction of ~ per cent,
came into good buying for the short ac-
count and also, it is said, for insiders who
recently sold some of their holdings. Under
the influence of these purchases the stock
sold up per cent. to 81. The circulation
of rumors to the effect that the meeting
of anthracite coal interests called for
to-day would be fruitless, caused brisk
selling. which brought about a reaction
of Il per cent, of which ~ was recovered
at the close making the appreciation on
New York Central was again subjected
to a bear attack, based on the ground of
The first price made was at an advance
of * from Saturdays closing and then
break as,t of l to s was made with rally rally
sold up liz per cent. to SAG, but lost the
entire Improvement, On London buying
this support was withdrawn the stock fell
off 49, but regained r. closing Is higher on
20. and closed at 10, a net loss of "a. The
general market. while somewhat irregular,
was in the main strong throughout the
day and large majority of the sales
traded in show appreciation in values
compared with the quotations current
at the close of business Saturday. The
notable gains are: American Ex-
press, 2; Canadian Pacific, 1s4 Delaware &
Lackawanna, rs; st. Paul, rs; Canadian
Southern, Cotton Oil, Hooking Valley pre-
ferred and Manhattan, /. With the excep-
ton of loss of Il per cent. in Chicago
Gas, the declines are almost entirely con-
fined to the inactive list. National Starch
seconds preferred are down per cent. Con-
solidated Gas, Il, and Pittsburg, Cincinnati,
Chicago & St. Louis preferred, u. The
market closed strong.
The bond market was quiet and in the
main steady. The total sales were $62S $780,
The more noteworthy changes are Adj
vances-Erie second consols trust receipts
stamped ga per cent; St. Paul. nj. & o.,
2; Hooking Valley skies, 2.
were inactive.
The following table. prepared by James
IT. Berry, Room 49, Board Of Trade, shows
the range of quotations.: