The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-04-14
S4,000,000 GOLD GONE
The Exports, However, Not Re-
garded Serious in Wall Street.
Bulls Won Victory Late in the Session
on Change Grain
More Active.

At New York yesterday. money on call
was easy at 1 per cent.
Prime mercantile paper, 9G5 per cent.
Sterling exchange was firm. with actual
business in bankers bills SiSSlzG4SSA for
demand and sLs7l4G4s7la for sixty days;
posted rates. $LSSq+S91z; commercial bills,
$4S6l4 G4S61z.
Silver certificates. 61asc. Bar silver closed
at &c per ounce; at London &24d.
Total sales Of stocks amounted TO 1514S7
shares. When to-day's European steamers
shall have sailed some 100000 In gold will
be the amount shipped during the week,
of which all but $4,000 from Boston was
exported from this city. The subtreasury
supplied s1,9OO,OOO OF the amount shipped
from here. the banks furnishing the rest.
. hese shipments are made by reason of
the fact that bills Of exchange are scarce
and gold is sent forward 10 meet the de-
mands OF the bidders. II is not expected
that gold exports will reach serious pro-
portions. The condition Of the exchange
market does not warrant IL. the margin OF
profit being very slight, and besides the
London gold reserve is at the high point
and the continent IS not Offering special
inducement for the yellow metal. There
fore neither In speculative nor other finan-
cial or business circles is the weeks out
flow OF gold regarded with apprehension.
The share market opened firm and made
fractional advance. but from lack of buy
ers prices sagged off slightly. the heavi-
ness being increased somewhat by the re-
ported specie engagements. which encour-
aged the bears 10 a demonstration against
values. Efforts to inaugurate a downward
movement met with little success. the
SPECULATION becoming stagnant and with
he Of nd
some few other of the sDecialties, no
changes of Importance took place until
shortly before the beginning Of the last
buyers came into the market to whose pur-
chases prices quickly responded, and the
close. the final dealings being decidedly
strong In tone. The late advance was IN
the nature of little surprise the part
OF the bulls TO the bear party, which had
trted the temper of speculation during the
first half of the day and had failed to
weaken appreciably the confidence of hold
erS OF stocks. The strong undertone ex-
hibited by the general list under unfavor-
able circumstances induced the longs to
give the shorts little squeeze, and con-
siderable covering was done in the late
trading. Compared with Thursdays final
rEureS the closing prices of the day are
- movement. After an early advance of
- IL broke 3 per cent, recovered 2is, re-
at a decline Of q on the day. Sugar, on
heavy purchases for inside interests. rose
"a. closing at the highest point touched.
New York, Chicago & ST. Louis shows
loss Of rs and National Linseed per cent.
the other changes are fractional, the great
est being an advance of q in Atchison
which was bought in round lots for the
Boston account
The bond market was fairly firm I'D to
noon ard then rallied with the share mar
ket in the late dealings and closed firm.
Government bonds were strong. State
bonds were inactive
The following table. prepared by James
T.. Berry. Room 10, Board of Trade shows
the range of quotations: