The Indianapolis journal., 1895-11-27
STILL GOING DOWN
NEW YORK BEARS NOT YET DONE
WITH INDUSTRIAL STOCKS.
Heavy Trading I'm Tobacco shares
Local Business Men Hopeful.

At New York, yesterday, money on call
was easy az 11z92 per cent: the last loan
being made at 2iz. closing offered at "a
21z per cent.
Prime mercantile paper. sssa5 per cent.
Sterling exchange was steady, with ac-
tual business in bankerss bills at $500
4ssA for demand and s4.s7izQLS7s4 for sixty
days; posted rates. 81. .ss1z4 80; commercial
bills. $i.Sslz. Silver certificates. s7izG6Sc; bar
silver. eszsc. AT London bar silver closed
at s0s4d.
The total sales of stock on Change were
192.92f shares. including: American Sugar,
$500; American Tobacco. 1000; Burlington,
4.soo; Chicago Gas. $500; Distilling and
Cattle Feeding. 3,7oo; Manhattan consols,
$500: Reading g. 100: St Paul. $500: silver
certificates. 5000; United States Leather
preferred. 2s.soo; Western Union. 1880.
There was little il any change in the
character Of the stocks OF speculation at
New York yesterday. DuIlness was the
main feature and the bear professionals
moncpolized the dealings. especially in the
industrials. The railway list proved su-
perior TO the easier tendency In the in
dustrials on the same influences as were
noted Monday, namely. moderate buying
of the international shares for foreign ac-
count and more cheereful advices as to the
European speculation situation. The fore
going conditions tended to offset the re-
newal of gold engagements for shipment
to-day. aggregating s1.2O00o0. 1t is under
stood that the gold to be forwarded affords
a minimum OF profit. Indications as to the
probable extent of the shipments for the
week are less clear The exchange market
continues very dull, with the supply OF gold
and cotton bills sufficiently large 10 cause
easier tendency though without note
worthy change on quotations. There was
no news of Importance bearing on the
general market aside from the gold engage
ments and they appeared TO be ignored
by the traders, owing TO the assumption
that action to relieve the treasury will not
be Tong delayed. more tangible ex-
planation OF the steadiness of the railway
list Is the excellent statements of earnings
by roads in nearly all sections, aside from
the Southwest, and the abatement of for
eign selling Of our securities. Business was
Leather preferred completely outran the
market in point of activity. The first men,
toned were the leaders in this respect and
Sugar came second, reversing the order of
Mondays market. The transactions in To-
bacco footed up one-fourth of the entire
dealings and at the low point was down
2% per cent 1t closed within "A per cent.
OF the highest and recorded only un-
important net decline. Leather preferred
unpleasantly conspicuous by ending with
q net decline of 2&s per cent. The move
ment was again attributed TO a leading
manipulation who has been persistent for
some time past in his attacks on the in
dustrial shares. General Electric on
limited trading scored the only other i'm
portant loss The general market had in
tervals OF decline and reaction throughout
the day. but closed quiet with net changes
about evenly divided between gains and
losses, none OF which, aside from the stocks
noted, exceeded small fractions.
The market for railways bonds, as usual
recently, was dominated by the course OF
H. roff ion hffS w ag
fairly large. exceeding Mondays total.
Sales, $1,13O,000. The course of prices was
irregular. The more noteworthy declines
were in Wisconsin Central firsts. trust re-
ceipts, 1 per cent; National Chattanooga
consols, "a, and Atchison fours, Missouri.
Kansas & Eastern firsts. Oregon Short
Line, Union consols. trust receipts, and
Toledo, ST. Louis q Kansas City firsts,
trust receipts, y per cent vrhe chief ad-
vances were in Louisville & New Albany
generals, IA; Atchison second AS, Denver
& Rio Grande consols and Edison Electric
Illuminating firsts, y per cent.
bonds inactive. Closing quotations were: