The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-05-08
|oLlTICS IN STOCKS
oxCEs ALONG THE LIST DEPRESSED
BY UNCERTAINTY.
sn1strfal shares the Leaders I'm Ac-
ffvify ON New York Change
Local Markets Steady.

At New York yesterday money on call was
rmer at 21z64 per cent; last loan, per
emit; elosed, s1z per cent.
Prime mercantile paper, 41zQ51z per cent.
Sterling exchange was steady. with actual
usiness In bankers bills at SASSY q4sS for
emand. and $4s7st64SS for sixty days;
osfed rates. $ssiza4.s9 and A.S9lzq4sO;
numerical bills. A.6.
Bar silver. s77sc; silver certificates. S7s@
&c. At London bar silver closed at Sd
- ounce
Total sales of stocks were 1891 shares,
Including: American Tobacco IL, 400; Ameri-
ban Sugar. 1900: Baltimore & Ohio. 1850;
Chicago Gas, $500; Louisville g. Nashville.
100: Missouri Pacific, 1890: Rock Island.
100: st. Paul. 1880; Lake Erie & Western,
100
Politics was reflected to an extent in yes
|erday's stock market and prices sold of for
Foreign and domestic account, owing to ap-
Drehension regarding the attitude of a prom
)nent presidential candidate on the monetary
ptandard. The speculation was also depress-
Ia through revived Cuban belligerency agi-
fation, and the probabilities of continued ex-
ports OF gold on a fairly large scale. A
weakening influence, in addition to the fore
eoing. was temporary stiffening In money.
bringing call funds in the last hour up to 4
Der cent. The closing Of money was at 21a
per cent At intervals the selling pressure
vas pronounced. The industrials. the lead
ers In point OF activity. were Sugar and
American Tobacco, and In the railroad list
. Sc. Paul and Burlington & Quincy reached
. the largest total. London selling prices for
. Americans came lower and there was COM
fahtively liberal selling OF both stocks and
bonds for foreign account In the domestic
market the dealings were almost entirely
| professional, and the motive power was fur
active, the Vanderbilt stocks reacted sharp
". despite the favorable annual exhibits of
Gome Of the roads In the group: Special in
0uences effected some OF the industrial prop
critics, and the less satisfactory condition
Of the iron and steel industry was mainly
o. fss see dscnss In
nlsc recorded IN the Southwestern shares.
The per cent rate for call money. which
Srou ght out large offerings of funds, causing
q rscessIon to the figure elsewhere noted.
There appears to be q conflict of opinion as
from 100000 to s25oo,oOo. The low
rates for money prevent the lending OF
compels the export of gold in the natural
course of settlement OF International trade
range Of stocks. Sugar suffered from Wash
1ngton and local selling for both accounts
and reacted iK per cent. to 1s27s.. The
& 0PEilU0 was partly que tc fcdCllOuS III tiie
of-ces of the product Tobacco moved irreg-
a. arly, but near the close broke IA per cent:
The news that the grand. jury had indicted
President J. B. Duke and nine directors OF
tie American Tobacco Company was moi
known In buspess houses. The grangers
Leuisville & Nashville, Missouri Pacific and
Tennessee Coal declined 1617s per cent. The
h1ses among other less active shares were
severe. The pressure against the list was
continuous and final prices we're at the low
est Of the day.
Railway bonds tend downward. and with q
few exceptions most OF the changes recorded
represented losses. London was a seller OF
the speculative mortgages. The net losses
extended from 1 TO 21e per cent. Hooking
with a subsequent rally to Sss4c. The sale:
were 1,07f, 0o0
Government bonds were dull but irregular
on sales of s16,500.
The following table, prepared by. l.. W
Louis, Room Is. Board of Trade, shows the
range of quotations.: