The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-06-27
GOLD MAY GO AGAIN
RUMOR THAT THE BOND SYNDICATE
HAS FULFILLED IT'S CONTRACT.
Trading ON Chang Only Moderately
Active Yesterday-Loca1 Markets
Tending Upwards.

At New York yesterday money on call
was easy at lq1ls per cent; last loan, l.;
closed. l per cent.
Prime mercantile paper, 2lzM312 per cent.
Sterling exchange steady, with actual busi-
ness in bankers bills at si.ss1z4i .s9s4 for de-
mand and at $f.SSia0i.SS3+ for sixty days;
posted rates. s4.s9aIs91s. and si.9Oq49O1z;
commercial bills. A.S7%@4ss.
Silver certificates. 66As6Ac; sales, O,ooo, at
to..c; Mexican dollars, SIC.
Total sales OF stocks were 2O6. 647 shares.
Including; American Sugar. il.iOO; Ameri-
can Tobacco, 1000: Atchison, 600; Chicago
Gas. 1890; Distillers, II, 800; General E!ec-
fric. 300; Kansas & Texas. $500; Kansas
q Texas preferred. 1900. New York. Susque-
hanna & Western preferred. 5000; Reading.
1900; ST. Paul. SOC; Tennessee Coal and
Iron. 5000; Texas & Pacific, 300; Wheeling
e Lake Erie, 13. 200.
Speculation on the Stock Exchange yester-
day was unsettled, and the trading was
only moderately active. Interest in the
stock market was diverted somewhat to the
bond syndicate by the rumors current touch
ing the completion Of its contract with
the government. Messrs. Belmont and Nor
gan. the managers of the syndicate, would
give no explanation as to the status of af-
Iairs, holding that IL is merely a matter of
private business. The mooted point is
~assner the syndicate is required TO bring
any more gold from abroad, and neither
party TO the great contract will speak on
this point. The leading factors of the mar
ket were the supineness OF the London trad
ing in America, favorable railroad earnings,
conflicting crop reports and clique manipu-
lations- Sugar, which led in the tralsaS-
fions, was forced down 2 per cent. on heavy
sales. based on unfavoraple trade reports.
Inc closing was at a recovery OF - per
cent. chicago Gas was subjected to con-
tinuous bear pressure throughout the day,
but was we'll supported ana shows a net
loss of i per cent. The reported progress
OF an opposition company was used TO de.
press the property. An attempt was made
to force the short interest in Distilling TO
cover by bidding up the stock in the early
trading, but 1t was unsuccessful, the loss
on the day being = per cent. OF the coal
stocks. Reading alone was dealt in to any
extent Ii was bought on orders from Phila-
delphia. gaining Il on the day. Wheeling
& Lake Eric was active in the dealings, and
notably strong on continued reports OF in
creased earnings; the common stock
rose rs per cent. retaining all but Is OF the
advance: the preferred sold up Ia per cent.
closing at the top figures Susquehanna &
Western shares were again In FAVOR. the
preferred approaching 2 and the common
y per cent. The general market advanced
during the forenoon, but in most cases lost
the gains and a fraction in addition. and
closed slightly below Tuesdays figures. The
market closed heavy.
The dealings in Kansas & Texas seconds
were again characterized by considerable
activity, the transactions aggresatins
$55S.0W. The inquiry for the bonds curing
the morning sent the figures up 2A De- cent.
TO 641.. but subsequent heavy realizations
dropped the price to 62%. selling at the
close. The market generally advanced early
in the day, but gave way somewhat in the
f1nal dealings. The sales for the day were
$e.5Q5. 600. The main changes were: Ad-
~vances-Toledo. ST. Louis * Kansas City
firsts. IA per cent; New York, Lackawanna
& Western firsts, and Erie reorganization
first lien. ia. and Kansas City and Pacific
hrsts, New York Central hrsts, Peoria &
Eastern incomes, Peoples Gas, Of Chicago,
consol skies. Western Union collateral trust
6vas Southern Pacific of New Mexico 6rSt5
and Virginia Midland generals, ] per cent.
Government bonds were strong. State
bonds were Inactive
Tine following table, prepared by James T..
Berry. Room is. Bosid OF Trade. shows the