The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-11-23
NOT A GREAT SCARE
ENGAGEMENTS or GOLD FOR Ex-
PORT FAILED tn DEPaEss.
Stocks Remained About the same,
with business Lisht-Locai Mar
ketx Rather Sluggish.

Al New York yesterday money on call
WAS easy at l1su2 per cent. last !aan. Ia;
closed. r:ue per cent
Prime mercantile paprz. 3aa5 per c. Ef.
sterling exchange was firm. with ottual
business in bankers pills at N.segt.sshs FOR
demand and StSsi@d4.sss4 for sixty days.
posted rates. st-ss1s and $3.50; commercial
bills. A.SGs.
Silver certificates, ss..uG7sic; bar silver.
size: Mexican dollars. 5ic. At London lar
silver. 5ezsu per ounce.
Total sales of stocks We're l:S.sss ~hares.
includIn. the FOLLOWING: American Sugar.
800; American Tobacco. $500; Chicago
siss. -. 100: Louisville & Nashville. $3.50;
Reading. 3.ec: Rock Island. LEO: 81. Paul.
$500. Tennessee Coal and Iron. s.lOo; United
State Leather preferred. h,av; Western
Union. 1900.
The engagements OF gold for shipment TO-
day. if anything. exceeded the most liberal
estimates. yet that fact did not canse ac-
tivity IN yesterdays stock market. X also
failed to impart special weakness. AS "a
matter OF fact the speculation could lcgit-
imateiy be termed a negative one liz only
a few stocks was there even an approach
TO animation. London was again q seller
of American securities and the late news
from the leading foreign tnancisl centers
1uGiedte1 an QDSeitleQ CONDITION at aHdtfS-
The early announcement OF gold engage
nlents amouBting TO $4,000, tog ether With
q foreign development, influenced a shading
OF prices all around al the opening. Ten
nessee Coal was conspicuous shortly after
the initial trading by a decline OF IA yer
cent Special considerations affected Tobac-'
co. Leather preferred and Chicago Gas
The interests chiefly identified with the
plan OF consolidation OF the last-mentioned
property and tributary concerns were heard
from yesterday. denying the probability Of
a failure of the plan. as had been rumored
and Tobacco vas sold ON reports OF i'm
pending new competition. Foreign selling
chiefly accounted for a drop OF a point In
Louisville & Nashville. The afternoon spec
ulation was almost devoid OF significance
The actual engagements of gold for to-
day aggregate S.1O0.oOo in bars and 81
500. 900 in coin. An amount OF $4,000 in
bars ordered yesterday had not been with
drawn Up TO the close of business last
night. The total exports for the week foot
up $7.3o0.00. All of to-day's outgo viii not
be reflected in the treasury reserve until
Monday. Neither will the full loss to the
banks be indicated in to-day's statement
OF averages OF the New York associated
opinion that a continuation OF the gold
exports will tend 10 harden the rates for
money; uP to the ne present time M n1~eysr;
strength on the market for funds At the
same time the demand has been very light
some time past has initiated against ac-
tfvity In money. In the closing rransac-
tions. LIQUIDATION in some of the industrial
<fd wan 4PRattAk a4tA AtARa q htofF
tone at the finish The only explanation
attempted to be given for a break Of 4Hs
per cent. in Metropolitan traction was that
1t was due TO selling on disappointment
over the acquisition OF the Boulevard
line by the Third-avenue railroad. Final
prices show net losses of It's per cent. in
Leather preferred and Tobacco. Other de-
clines of Importance occurred In some OF
the active shares. The market generally
left on f~ractionally lower.
Bonds held firm: sales, $4,000. KANSAS
Pacific consol trust receipts. 1 per cent. !;
Peoria & Eastern incomes gave way 31a
per cent; Toledo, 81. l.. & Kansas City
first trust receipts and st. l..
Southwestern flrsts. rs. and Southwestern
seconds, l per cent.
Discussion of the probability of an I'M
pending new issue of bonds by the govern
ment unfavorably affected the price OF the
new tours to the extent Of about Il per
cent. The aggregate sales of the day were
$50, 900. New fours weak at declines on the
day Of y per cent. for the coupon and
y per cent. for the registered. Other issues
steady.
State bonds inactive.
The following table. prepared by James E.
Berry. Room 16. Board OF Trade, shows the
raupo of a1Iofa ffOu4.