The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-02-06
STOCKS on A DECLINE
LITTLE ACTIVITY ON 'CHANGE AND
LITTLE ENCOURAGEMENT.
London Was AFFAIR Buyer Early, but
Securities Were Unsettied-Local
Fentureless.

At New York. yesterday, money on call
was easy at la1A per cent; last loan. 11z;
closed at liz per cent.
Prime mercantile paper. 311a5 per cent.
Sterling exchange was dull, but strong.
with actual business in bankers bills at
stss%@4sSTs for demand. and s4.S7lza4.s7A
for sixty days; posted rates, A.SSQi.SS1a and
$4ss94.S 1919; commercial bills, s4.s7@4.S7A.
Silver certificates, GOO bid; bar silver, Coo;
Mexican dollars, 4Slsc; at London bar silver
was 271ad per ounce.
The total sales of stocks were 1854
shares, including: American Sugar, 39. 500;
Burlington, $500; Chicago Gas, 800; Dis
filling. $500; General Electric, 400; Louis
vile & Nashville, 5000; National Lead, A.
300; Northwestern, low; Rock Island, 1900;
ST. Paul., 1890.
AS a result of yesterdays trading on the
Stock Exchange, a majority of the shares
dealt in show declines ranging from Il to
2b per cent, the heaviest loss being in
Cordage guaranteed. There was no special
activity in the market at any time, but the
speculation became utterly stagnant in the
half hour Immediately preceding and fol-
lowing delivery hour. In the early dealings
London was quite a good buyer, although
cable advices reported lie market for Amer
lean securities in London rather unsettled
down to a feeling of uncertainty as to the
issue OF the expected United States govern
ment loan. At the opening there were frac-
tional recessions in the general list, and
with q very few exceptions prices inlmedi-
ately moved downward. st. Paul & Oma-
ha broke rs per cent. and the depression
continued in full force for half an hour,
when an Improvement set in, which was
,1roI f~,ok;N-I o.oo~< fNr n - alxro.oa
of 2 per cent. in Alton e. Terre Haute. The
higher figures were not maintained, and
after IL o'clock prices again took 2 down
ward turn, the declining tendency c~ontinu-
ing until about LIS o'clock, wnen the mar
ket lapsed into stagnancy, and during the
hour following no changes of Importance
were made and very little stock changed
hands. During the last fifteen minutes,
however, speculation assumea a strong tone,
and e. partial recovery took place in the
general list, while the Rubber stocks touched
the highest figures of the day. the princi-
pal losses on Mondays closing sales are:
Cordage guaranteed, 2b; Delaware, Lack
awanna & Western preferred, /; Chicago
Gas, New Jersey Central and Lead pre-
ferred. IS: Sugar, Western Union. Central
Pacific and Wheeling e. Lake Erie pre-
TERED, y, and nh the grangers, S@5 s., except
ferred, which is " per cent higher on the
day. Among the few other advances are:
Rubber preferred, 1k; st. Louis, Alton &
Terre Haute, 2, and Edison Electric, of New
York. 1 per cent. Distilling stands I'M
changed. The market closed firm to strong.
Speculation in bonds was quiet and in the
main firm. The speculative issues were for
the most part a shade higher. The aggre-
gate sales were $f73,5O0. The more i'm
portant changes are: Declines-Evansville
& Terre Haute firsts, AZ; Michigan Central
fours. g., and Union Pacific gold skies. ~.
Government bonds were about firm. State
bonds were dull.
The following table. prepared by James
z. Berry. Room 16, Board OF Trade. shows
the range Of quotations: