The Indianapolis journal., 1896-11-24
RALLIED AT THE CLOSE
STOCKS SHOW SOME INDICATION OF
RETURNING STRENGTH.
sterling Exchange Rates stinen and
silver LIS Advancing-LOcal Mar
kets at n StandstiII.

AT New York yesterday money on call
was easy at 2lzd3 per cent; last loan. g:
closed. 2l3a3 per cent.
Prime mercantile paper, 4d5lI DER cent
sterling exchange was firm, with actual
business in bankers bills at s4s6asa4 4 s61s
for demand and $4.s3a4SsA for sixty days.
posted rates. S4s3a4S4 and s4s6lhG4 S71b
commercial bills s4S1.
Bar silver. 65lsc; silver certificates. 65HG
60lsc; Mexican dollars. 5O7sc At London
bar silver closed at sod.
Total sales of stocks to-day were 1863 AS
shares, including the following: Atchison
SSV' American Sugar, 22,60O; Burlington,
1910; Chicago Gas. 1880; Kansas &. Texas.
$500; Louisville & Nashville. 500; Manhat-
tan consolidated, $500; Rio Grande. 4.sOo:
Rock Island, 5000: st. Paul. q 500; Western
Union. $500; Wheeling &c Lake Erie, $500
The speculative movement was almost
identical yesterday with the operations in
stocks for several days past. Decided ir-
regularity with the downward trend was
noted, but, as usual recently, the net
changes at the close were inconsiderab.e
In the early trading strength was apparent
on fair amount of commission house or
ders. and there was disposition to ignore
moderate foreign selling and a hardening
tendency in sterling exchange. The last
QeNelOpmenI more IN the late deal
fngs, however, and partly inspired Il reac-
ton in prices. The snort interest appeared
inclined TO cover. and this course facilitated
the advance, contributing towards sharp
fractional gains in the grangers South
westerns and Sugar. RealizaIon and short
sales started reaction all around, on the
publication of the Northwest statement for
october, showing decrease in gross earn
ings OF $464. $50. The bear leaders paid par
ticular attention to the specialties, and af-
1ected liquidation in some instances. The
market became less active on the down
grade, but prices gradually sagged to
points fractionally below Saturdays clos
ing. The strength of the exchange market
was set down 10 covering of bills put out
prior TO election. Posted rates were ad-
vanced 12c successfully by one drawer, and
actual figures also moved up sharply. An
easier discount rate in London later in the
day caused recession in exchange from
the top level. Declines in some of the spe-
cialties were material, notably in Manhat-
tan and Leather preferred, which sold off
IL per cent. The break in the last men,
toned stock was attributed to an alleged
less favorable prospect regarding dividend
action by the directors at to-morrows
meeting. Estimates as to the amount of
the dividend now run as low as per cent.
the figure mentioned several days ago in
these dispatches. Sugar fell sharply on a
report that Williamsburg refinery would
suspend operations, but rallied on a denial
from official sources and rose TO the best
price Of the day on supporting orders: To-
around, and left off steady at the improve
ments. The net changes were trivial.
Railway bonds We're quiet and fraction
stricted to the speculative issues. and
lacked important feature. aside from
sharp rise In the Oregon p, Improvement mn is
Government bonds were strong and
slightly higher. on investment orders. The
sales were $4,000.
The following table. prepared by L. W. Louis
Rocm Board of Trade. shows the range of
quotations: