The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-09-01
MORE ACTIVE STOCKS
LIVELY DISTRIBUTED
OVER A NUMBER OF SHARES.
engagements in L~OndOn-LOcaI
Markets Fairly Good.

At New York yesterday money on call
was very firm at 6Q10 per cent; last loan,
D; closed, 10 per cent. bid.
Prime mercantile paper, nominally, 7Q9
per cent.
Sterling exchange was steady, with actual
business in bankers bills at $4.S3A44S4A
for demand and s4.81%Q4S21A for sixty days:
posted rates, $4.S21204.S5 and $4.S4AQ4.S6;
commercial bills, $4.S1.
Bar silver, $3.50. Silver certificates, $500
SIC. AT London bar silver closed at 80 Lid
per ounce.
Total sales of stocks were 1854, 419 shares,
including: American Tobacco, 20, 500; Ameri-
can Sugar, 1900; Burlington & Quincy, H.
300; Chicago Gas, 5000; General Electric, g.
100; Northwestern, 4,3o0; Reading, 0 $780,; st.
Paul, 20, 500: Western Union, 800; South
ern Railroad preferred, 5000.
The stock market yesterday, judged by
recent averages, was fairly active and the
distribution of business was satisfactory.
The speculation exhibited considerable
spirit at intervals and the shorts were COM
PEELED to cover in a rather lively fashion.
The bull influence was the
gold to this country, which has already
reached imposing proportions and relieves
to a considerable extent the apprehension
caused by the ruling stringency, and the
impending heavy cr~op-handling require
ments. The market was all the more en-
couraging to the bulls, as 1t proved super
stocks by London and rather dis
couraging quotations for American
securities in the early dealings.
The deposits of gold in the subtreasury,
amounting to 81, 500, 600, exerted q decidedly
favorable influence. Aside from the cover
ing purchases a moderate commission in
quiry was noted. The traders appeared to
attach some Importance also to the increase
reported in eaSt-bound shipments. Late in
the day the market was adversely affected
to an extent by a firmer tone in the ex-
change market and q stiffening at the close
In call money to 10 per cent. The special
ties were rather prominent in the upward
movement and the coalerS reflected increas-
ing confidence in the outlook for the an
thracite industry. The news of the disso-
luton of the injunction restraining the cut
ting of Southern transportation rates fell
fiat upon the market. The more important
extreme advances were: Industriais, 1885,
the last in Tobacco; railroads., 1Q1A, the
extreme rise in Burlington; coalers, 1A@1%,
and specialties, 1AW32 per cent. In the
inactive list Lead preferred rose 3 per cent.
and Illinois Steel was quite cratic. The
aforementioned stock opened 2La lower. at
S0E, then jumped to 1874 on a transaction
of 100 shares, and reacted to 81. Minnesota
Iron dropped 3 per cent, to 40, recovered
the loss and later reacted z per cent, to
Al. Metropolitan traction advanced 31a69Ia
and other sharp gains were established. In
the late trading realizations caused recess
sions from the best figures. The closing
was steady at sharp fractional gains on the
day.
The bond market sympathized with the
frmness in stocks and gains were noted of
102 per cent. in the principal issues. The
sales were 1914, 900.
Government bonds ruled strong and high
err on purchases of SCI, COO.
The following table, prepared by l.. w. Louis.
Room u, Board of Trade. shows the range of