The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-09-12
MAY REACH S40,O00,O0O
SHIPMENTS Of GOLD TO THIS COUN
TRY SWELLING RAPIDLY.
Street Discount Rate at London
Marked Up to Per Ccnt.-Fea-
lures of Dealings in Stocks.

At New York yesterday money on call
easier at 300 per cent. the last loan
being made at 3; closing offered at 36I4 per
cent.
Prime mercantile paper, nomnally 7G9
per cent.
Sterling exchange easy, with actual busi-
ness in bankers bills at S4.S3A04.S4 for de-
mand and As112d4.s2 for sixty days; posted
rates. s4s21204.S4 and s4.S4l8G4.S51a; COM
mercial bills. $4.S7.
Bar silver, 655sc; silver certificates. 651a@
661ac. At London bar silver closed at 3Oasd
per ounce.
The total sales of stocks at New York
yesterday were 147. 1872 shares, including:
American Tobacco. $500; American Sugar,
$500; Burlington g. Quincy, 1850; Chicago
Gas, $780, L. & N, 15,CO0; Manhattan, l.
300; Reading, 400, Rock Island 1880; st.
Paul, $780, T., C. & L., $500.
Although the volume of business in
stocks yesterday was only moderate, the
speculative temper was cheerful and
prices, with momentary exceptions. worked
toward a higher plane. Outside buying,
however, was chiefly conspicuous by its
absence. The tone in financial circles is
becoming unqualifiedly bullish, although
the market fluctuations were practically
controlled by a few of the more important
professional dealers who have recently
been playing for turns, with the scalpers
following in their wake. An encouraging
development was the news of a mandatory
order from the court forbiddding the oper-,
alton of the reduced rates put into effect
by the Southern transportation companies.
The heavy grain movement in the North
west was urged as bull argument on the
grangers, and in most instances the traffic
returns rendered were satisfactory. AS
usual recently the attention of the street
was largely turned on the ever-sweilfng
gold engagements and arrivals. In con-
sentative circles it is now believed that the
S4o,0 600 mark will be reached. The arriv--
there was deposited at the subtreasury
SoOO0,0OO, of which sum about $3,500,00o will
actual treasury gold holdings at the close
of business to-day will not be known until
Monday Mo, but are expected to come close to
Sll300 900. RumorS We're current of prep
arations in London to ship about $50, 900 600
additional gold to this country. The street
discount rate at that center yesterday was
marked up to 2 per cent. but actual ster-
ling rates for sixty-day bills in this market
of commercial bills with the only impor-
tant buying being for account of the gold
importers. Late in the day call money
the final loan was made st that figure. as
against 5. the maximum rate of the day.
The traders at the close We're engaged in
discussing the probable showing of the
that the resources of the banks have been
swelled by about $14, 900 and shipments
OF funds to the interior for the week were
about $3,000000. In addition the subtreasu-
ry transferred about 81 100000 The finan-
ciai tension at New Orleans was increased
yesterday by another bank suspension. The
extreme gains in prices extended from 1
to per cent. in the general list, with
Lackawanna, on the light dealings, rising
per cent. The closing was strong at
about the best prices of the day.
Railroad bonds We're quiet. but generally
higher transactions of 1858, 900.
Governments were lower for the new
fours, with other issues steady. The
transactions were $4,000.
The following table. prepared by L. W. Louis
Room 3d. Board of Trade, shows the range of
quotations: