The Indianapolis journal., 1895-12-31
CALL LOANS EXCITED
FURRY IN THE MONEY MARKET
DEPRESSED THE SHARE LIST.
Temporary Advance Scored ON Bond
Issue Iniuence-LocnI Markets
Show Several Gains.

At New York yesterday money en- call
ranged from to 25 per cent, last loan, 25,
closed at 25
Prime mercantile paper. nominally per
cent.
Sterling exchange was firm with actual
business in bankers bills at s4ssG4.s9A for
demand and s4s7lk for sixty days: posted
rates. s4ss1zq4Ss and s4.9oa4.s0lh; CONNER
cial bills. s4.ses494s7.
Silver certificates. 67%sa67z4c; bar silver.
&c; Mexican dollars. Sc. At London bar
silver was so s-16d per ounce.
Total sales of stocks were 1872, go shares,
Including the following: American Sugar,
5000; American Tobacco, 4,10l; Atchison,
400; Burlington. 11.0Oo: Chicago Gas $500;
Dis.ilng. 3,700: Louisville e. Nashville,
400: Missouri Pacific. $500; Reading. s.7o0;
Rock Island. $500; St. Paul, 2s,lO0; United
States Leather preferred. 1850; We etern
Union. $500: Wheeling K Lake Erie. 1900.
The stock market started in under the dis
couraging influence of lower prices for the
International stocks in London and reports
of some embarrassment incidental 10 the
fortnightly settlement at that center. Arbi-
TRACE houses also were sellers after the
opening. The local New York traders. how
ever, acting on the assumed fact that
market for the impending issue OF United
States government bonds had been made
prior to the formal public announcement of
the terms Of such issue. took nod and
advanced prices ali along the line. In the
upward movement New Jersey Central and
Sugar gained per cent. ana the grangers
and other prominent shares also scored sub
stantial Improvement. The r.se in Sugar
stock was stimulated by an advance in the
prices of domestic and foreign sugars. The
nonappearance of definite Information as TO
the terms or date when the issue OF bonos
would be made, however, together with re-
ports of premiums on gold and apprehension
of tight money soon took all the snap out
OF the market and slusgishness and de-
cIining tendency of prices characterized op-
erations during the remainder of the day.
The uncertainty as to the treasu rel ef
measures restricted activity in practically
everything, aside from the money market.
Call funds at the Stock Exchange fiuctuated
volume of business The opening rate was
6 per cent. and the h CHER figures continued
i1. Until dne Close 9I When sns low r
ceived for loan certificates by the clearing
house committee. and no gold was engaged
again the influence of the expected rev
government lean IL manifest a more ac-
tive demand fer exchange than usral re-
Gently was noted to-day. 1t was rumort
after the close OF business that irter6
Preparing to avail themselves of the bond
The higher rates for money was explained
as due to the small shifting of loans and
closing of accounts incidental to the end of
terests and dividends. With the decline
some liquidation of stocks was apparent
and the bears also made a show of activity.
The result was the loss CT all of the early
Improvement and in some Instances reces-
sions materially below Saturday's clos ngs
occurred notably IN Chicago Gas Louisville
& Nashville St Paul, Consolidated Gas and
Sugar. In the final dealings B7ltm re &
Ohio displayed exceptional strength. advanc-
ing 2la per cent. IN tne face Of the depTes-
sion in the general list. This was attended
by reports that various powerful interests
had proffered financial assistance TO the
company with the prov!so that they should
he allowed TO name successor to Pres dent
Mayer. The closing was dull and uninter-
esting at the close of the day.
The market for railway and miscellaneous
bonds ruled lower on dealings aggregating
8. 2o0 0c0. The more important losses were
recorded I'm the prominent issues. Union
Pacific bonds were freely Sold on the real
ization CT the approach of the. time for
carrying out the practical details of the re-
organization plan.
Government bonds were Irregular. State
bonds were inactive.
The following table. prepared by James e
Berry. Room Is. Board OF Trade, shows the
Of 70