The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-05-16
LIGHT STOCK TRADE
BUSINESS WELL DISTRIBUTED, WITH
IxDUsTRIALs LEADING.
Foreigners Issued Selling Orders
Through New York Houses-Local
Markets Fairly Active.

AT New York. yesterday. money on call
was easy at 293 per cent; last loan, zig;
closing. 21..
Prime mercantile paper. 4151s per cent
Sterling exchange was steady, ID actual
business in bankers bills at 81. SSiz04 .ssR for
demand and s4s7iza4s774 for sixty days;
posted rates. sfSS@lseIs and 1890; CONNER
cial bills, s4ss5..
Silver certificates. 6sdesi4c; bar silver. Csc.
AT London bar silver closed at 31lsd per
ounce
Total sales of stocks were 107 200 shares,
including the following: American Tobacco.
500; American Sugar, 1900; Burlington q
Quincy. 1850; Louisville & Nashville, 500;
Manhattan. $500: Reading, 3.4Oo; Rock ISL
and. 800; ST. Paul, 300; Tennessee Coal
and Iron. 1900
The volume OF business in stocks was again
on a trifiing scale yesterday, but a slight
Improvement In regard to the distribution
OF the trading was noted. Commission ouse
orders were conspicuous by their absence,
and the feature OF the speculation was a
eisn and domestic oh hoiders of securities As
Q group the industrial shares were out
classed by the railroad list in extent or
transactions, although Sugar by Tar ex-
ceeded the total recorded for any other in
dividual stock. There was an element OF
numor to the disinterested observer in the
attempted explanations or the dullneSs or
the market and the few labored movements
that were noted. The decline received Its
Initiative from Europe. Representative for
eign houses received liberal selling orders
in the prominent international shares.
Louisville * Nashville was exceptionally
weak under these offerings, reactLig IA per
cent, 10 1874 The traders took their cue
from the sale and exerted pressure against
the list all day, making special efforts
against some of the specialties. The gold
engagements were only about one-half rs
large as had been expected, amounting TO
81, 000.eo0 on special German account. Houses
that had been expected to ship coin were
said TO have been able to cover their ex-
change on advantageous terms. An inter-
esting development was a call by the Treas
ury Department on the depository banks
Tor so per cent. of their holdings OF govern
ment money, TO be paid on or before June
l. This will withdraw from the channels of
mated That further call of similar
amount, cleaning up the account sof the
on or before June IS. The call did not in
fiuence the speculation. and was not re-
f1ected in the money market. owing 10 the
foreign and domestic account. and the con-
rinued large receipts or currency from the
interior. me report or the Union Pacin CIT
considered a rather favorable exhibit. On
the other hand, the quarterly statement or
after dividend payments. induced vigorous
raid on the stock which dropped 2Ss per
cent, TO 1882 Bay State Gas stiffened Il
bin in the Massachusetts Legislature. but
soon broke 21A per cent. on heavy realizing.
Other gas shares were notably weak, par
ficularly Consolidated Gas. which lost 2lz
per cent. Buffalo. Rochester & Pittsburg
preferred made further Improvement TO
81 on the reported acquisition of valuable
soft coal properties. Sugar, Tobacco and
Leather preferred were the weakest Of the
high-priced industrials, selling off 11sGls.
Tennessee Coal dropped las liquidation.
but recovered the fraction. The closing was
weak at about the lowest.
Bonds were quiet and without notable
change in the leading issues. Some wide
fluctuations occurred in the less active mort
cages. The sales were 500. 900.
Government bonds advanced slightly on
dealings of 81, 900.
The following table. prepared by l.. w.
Louis, Room 49, Board OF Trade, shows the
range OF quotations:
Onon- High ou- C1oc-