The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-05-22
FROM WEAK TO FIRM
OPENING PRICES ON NEW YORK
CHANGE WE'RE A SHADE LOWER.
Selling Movement for Foreign Ac-
count Caused the Depression-Lo-
cal Markets Somewhat Dull.

At New York, yesterday. money on call
was easy at 1d1ts per cent: last loan, III;
closed at liz per cent.
Prime mercantile paper. 1&1i per cent.
Sterling exchange was higher. with actual
business in bankers bills at As7ss ai.sS for
demand and sssszsa4G for sixty days;
posted rates, s4s7G4.sS and S4.sSQ4s9; COM
mercial bills. s4ssa4.ssil.
Silver certificates. 67l4 a67lzc; bar silver.
6S7sc; Mexican dollars. 53c. At London bar
silver was 3Oa.d per ounce.
The total sales OF stocks were 1891
shares. including: American Sugar, $500;
Atchison. 101o0: Burlington. 1890: Chesa-
peake & Ohio. 1000; Chicago Gas 1910;
Distillng. 1850: Louisville & Nashville,
400; Northern Pacific, 1900: Northern Pa
cific preferred, 14.400: Northwest, 1880;
Reading. 2. 100: Rock Island. 5000; st. Paul.
400; Tennessee Coal. 1850; Texas & Pa
cifc. 5000: United States Leather. 1890:
Wabash preferred, 800: Western Union,
400; Wheeling & Lake Erie. 800.
Share speculation on the Stock Exchange
was quiet at the opening, and the first
prices made were a shade lower than the
closing figures of Monday. The depression
was largely due to selling for the foreign
account and the heaviness of Americans
on the London stock market. The trading.
however. soon became more animated, and
a buying movement was inaugurated. under
the influence of which New Jersey Central
sold up 1ss: Sugar. Ia. and the rest of the
list a fraction. excepting Mexican National
and Pittsburg. c.. c. & st. Louis preferred,
which declined IA and II. per cent re-
spectively. The higher prices induced
alizations, which, together with a small
bear raid. brought about reaction of lsG2
per cent. the latter in Northern Pacific
preferred, 112 In Erie Telegraph and Cot
ton OIL preferred, in New Jersey Central,
stocks came into good inquiry and ad-
vanced III for the common and "a for
the best a general Improvement set in.
also. in the. market, which continued to
rae cioTs wnen the best prices We're cur
up 10 per cent. Great Northern preferred,
the grangers. Wheeling & Lake Erie pre-
Reading. Delaware & Hudson, Sugar and
Chicago Gas being most prominent therein.
Between II and / O'Clock there was re-
cession or 2la in Pullman IL in Long
leland. and i in Consolidated Gas. At the
close the market was strong in tone, and
oer Gent da Sirber tb @ere In ne nam
preferred. Declines were recorded of 1 per
cent in Northern Pacific preferred, ~ in
Cotton OIL preferred, Long Island, Erie
Telegraph and Pittsburg c.. c. & ST. Louis
pr snnd ,s and rs in Pullman Imam
the morning. but In the subsequent trading
prices stiffened allsaround. The sales were
S2.5S2,OOO. The leading advances are: Ken
lucky Central fours; s per cent: Southern
Pacific of Arizona firsts. g; St Paul. Min
neapolis & Manitoba four-and-a-halfs. 2ss /;
Galveston Harrisburg & San Antonio sec
onds and Missouri Pacific thirds ~: Morris
& Essex consols. guaranteed IL: Burling-
ton, Denver tours, rs. and International
& Great Northern thirds. Peoria. Decatur
& Evansville firsts st. Paul & Omaha con-
soils. St>Paul. c. & NJ. fives and st. Paul.
j. & ID. extension, 1 per cent. Declines
Indianapolis. Decatur & Springfield firsts.
trust receipts. 612: Mobile & Ohio new SKIES
Ia. and Baltimore a. Ohio Southwestern in
comes. Series b, ST. Louis & San Francisco
seconds. Glass b, and Peoria a Eastern
firsts and Peoria & Eastern incomes, / per
cent
bonds were dull.
The following table. prepared by James E.
Berry, Room 16 Board OF Trade. shows the
range OF quotations: