The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-04-01
ACTIVE STOCK TRADE
MORE CHEERFUL TEMPER AND
SEVERAL SHARES MADE GAINS.
Gold Export Probabilities Failed to
Figure i'm Speculative Influence
Local Markets Dull.

At New York yesterday money call
was easy at Sq4 per cent; last loan, per
cent: closed 31zG4 per cent.
Prime mercantile paper, 51zQ61k per cent.
Sterling exchange was firm, with actual
business in bankers bills at s4S9 for de-
mand and Sass for so days; posted rates,
"a. SS1zq4-S9 and $4S9l14490; commercial bills
s4S7..
Bar silver. eSssc; silver certificates, ESQ
6S9lc At London bar silver closed at 31Hd
per ounce.
Total sales of stocks were 210240 shares
including: American Tobacco, 80, 400; Atchi-
son. $500; American Sugar. % 900; Baltimore
& Ohio, 1880; Chicago Gas. 5000; Distilling
400; General Electric, n,7OO: Louisville &
Nashville. 1880; Missouri Pacific, $500; Rock
Island. 1880; st. Paul, 800; Tennessee
Coal and Iron, $500; Union Pacific, $780,
Wabash preferred, 1900
Increased activity and a higher range OF
prices occurred in yesterdays stock mar
ket. The dealings. while to a large extent
professional, were widely distributed. and
more cheerful temper was discernible in
financial circles, despite further advance in
the exchange market The interest of traders
as usual OF late appeared TO hinge more on
the industrials than the railway shares but
some of the railroad stocks recorded fairly
large totals. Some OF the usually inactive
railway stocks doomed into prominence,
notably Wabash preferred and Atchison
preferred. Little or no stress was laid on
the gold export probabilities, and the gran
gers were advanced on the theory of a freer
movement of the crops in the near future.
Influences Of special character operated
70 cause advances in various shares. Sugar
improved Ia on an advance in practically
all grades of the refined product. Gen.
eral Electric made about a similar gain on
purchases induced by gossip regarding more
satisfactory business prospects and sugges-
tons that the working agreement with the
Westinghouse interests would soon be de-
clared operative Pool buying was dis
cernible in various properties. Tobacco was
advanced at the outset 1Ss per cent 10 907s.
on heavy purchases based on unfounded
competitor of the American Tobacco Com
pany on an emphatic denial from official
sources. traders raided the stock. and also
on the theory that the effect of the expect
ed dividend announcement had been dis
counted. Realizing orders were also APP
parent. and contributed towards a recess
sion 10 SOS. The subsequent course OF the
stock was erratlc within a narrow range,
and the closing was practically unchanged
on the day. The advances in the general list
were substantial AT the-top level Manhat-
tan, Rock Island and Leather preferred fig
ured for IL. Delaware & Hudson rs, Atchi-
son preferred Ia, Burlington, Louisville &
Nashville and Wabash preferred IA. and a
number OF other shares gained a point or
Whereabouts. Metropolitan Traction sold
dividend of Ia per cent. and rose to loo,
against 103i4 the last preceding sales, despite
the by Mayor Strong OF the extension
privileges anticipated by the company. In
the late dealings general realizing move
ment occurred, which caused easier tone
at the close, and led 10 recessiOnS OF l per
cent; in Chicago Gas and of slight fractions
in the general list.
Railway bonds were strong and higher on
transactions OF 81. 252 900. The Atchison is
sues were the leaders in activity and
strength the tours trust receipts rose / per
cent seconds trust receipts Ia per cent.
and adjustment tours trust receipts rs per
cent
Government bonds We're firm on moderate
business. The sales were $4,000. The deal
ings In State issues footed up 81 900, with
special change in prices.
The following table, prepared by L. w.
Louis. Room Is. Beard of Trade. shows the