The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-08-26
MONEY. STOCKS AND BONDS
Call Money Noticeably Bearer 1T New
York Owing TO Western Withdrawals.
Gold Shares Not Able to Maintain the Strength
in the List of Few Days Iack-At In
dianapOlis Markers Are Unchanged.


Railroad Issues Continue to Rob Along
with Immaterini Changes.
At New York, yesterday. money on call
was easy at 202ls per cent, the last
loan being made at pa, closing offered at 2l3.
Prime mercantile paper, 405ls per cent.
Sterling exchange was quiet and heavy at
g. s6ia for sixty day bills and S4.S7ss for de-
Mand.
The total sales of stocks were GIG. 7s4
shares including the following: Atchi-
con. 1l.7o0; Erie. 1870; Louisville & Nash
willie, $500: Manhattan. 1867; Missouri Pa
cifc. 6.1OO; New England. 1890; Reading.
$500; St Paul, 400; Union Pacific. 6.4OO.
The final declaring off OF the switchmen's
strike at Buffalo stimulated q little bullish
feeling among the local traders the
stock market yesterday morning, but there
was no widening of the speculation. The
withdrawal of funds from this center to the
interior has gone on at rapid rate since
Saturday. and as q result call money is dis
tinctly dearer, in addition TO which it is
now recognized that there is practically no
limit to the demands which Europe may
make upon Us for gold, and despite the ma
terial cheapening OF exchange rates. the
outgo still continues. though not IN large
amounts. Under these conditions the new
demand which sprung mp few days ago
has entirely disappeared, and the strength
of the Gould shares aided as they are by
the recent decision aud the manipulation
of the industrials. fails TO more than hold
the market steady. the upward movement
was soon brought TO an end. No pressure
TO sell appeared, however, and the fiuctua-
tions were confined to narrower limits than
usual of late almost ali the leading rail-
road shares being restricted to q range OF
Less than I per cent Reading. with very
moderate transactions, Ied In the dealings,
and New England. the RranRers and the
coalers were very quiet, developing no
special feature of interest. A drive was
made at Reading in the afternoon. without
material results, and In the absence of sup
port Manhattan Was sold down something
over l per cent. With the exception of a
drop of per cent. in Distillers' In the early
Grading, there were no other weak spots de-
veloDed. The bituminous coal shares
were the special strong points, both
Tennessee and Colorado Coal ris-
ing sharply in the forenoon, but
the limit of the movement was soon
reached. The reiteration of the rumors
that the decision of the Chancellor of New
Jersey would be unfavorable To the coal
combination was used to help the drive at
Reading. and unfav0rable crop reports
aided in depressing the general list. but on
the whole there was nothing In che news OF
she day which had any material influence
upon the course OF prices After the late
drive the market settled down to extreme
-dullness, closing dull and barely steady,
generally at only slight but irregular
changes for the day.
Railroad bonds were quiet aud displayed
the same irregularty which marked the
trading in stocks. but. as usual of late. the
final changes were Insignificant for all but
O few inactive issues
Government bonds were dull and easier
Etate bonds dull and steady. Closing quo
Nations were: 80