The Indianapolis journal., 1896-02-11
STRENGTH In STOCKS
VOLUME OF SHARES TRADED IN
MONDAY NEARLY HALF a MILLION.
higher Prices for American Securities
kets show Improvement.

At New York yesterday money on call was
steady at 3d5 per cent; last loan, 8: closed.
3 per cent.
Prime mercantile paper. 5971z per cent.
Sterling exchange was weak and lower,
with actual business in bankers bills at
si.s71zG4.S7A for demand and SiS64G .S61a
for sixty days; posted rates. $4s7fl4. sslA and
&ss15a4sslz; commercial bills. AS511.
Bar silver. 672sc; silver certificates. s7lz@
6sc- At London bar silver 307sd per
ounce
Total sales OF stocks were 424. 463 shares.
including the following: American Sugar,
$1,000: American Tobacco. $500; Atchison,
17.70o; Burlington, 4.100; Chicago Gas, 1900;
Consolidated Gas, 5000; Distilling. 1O1O0;
General Electric, s.100: Kansas & Texas
preferred. $500; l.. & N. 19. .10e; Manhattan,
e.9o0; Missouri Pacific. 1900: Northwest, $500:
Pacific Mail. $500; Reading, n,sOO; Rock
Island. $1,000; st. Paul. 10000; Southern pre-
ferred. 4.500; Tennessee Coal and Iron. $500:
United States Leather preferred, 1880; Wa
bash preferred, 5.4O0; Western Union, 900:
wheeling & Lake Erie. 400
The speculation Monday on the New York
Change was characterized by pronounced
strength. The volume of business exceeded
any total since the stormy days following
the venezuelan message. The dealings were
very widely distributed. and took in a num-
Der OF usually neglected shares. Higher
prices for American securities In London
purchases for that account in this market
etimulated by fuller appreciation of the
improved outlook on this side. defined hv
the success OF the government bond issue.
an easier condition of the money market
ana weakness In foreign exchange rates all
contributed 10 encourage the local dealers
The change of front on the part of london
ls Wnicn mad previously been a persistent and
Anafl
!ariy encouraging. Leading commission
houses reported an influx of orders and a
oecidediy cheerful tone prevailed The news
oI the appointment OF a number OF banks
as government repositories for the new
oonds was regarded as tending to prevent
extreme disturbance of the money market
tan railway UP AZ per cent to 49, A variety
OF favorable reports and rumors regarding
tne property that have recently been cur
rent were again made to do service hut All
as yet lack official veriication. Tobacco
Ieil on fraction. and then. on heavy pur-
movement was chiefly based on the cover
ing operations OF the professional bear deal
ers- The attending story was the old one
OF truce between the company and the
opposing plug tobacco manufacturers Lack
or continuation of the report resulted in a
SI,p Siump OF per cent. to 77ls, but in the late
uednnes the uptack was resumed and the
stock advanced to S0k. '''o
sugar maintained its leadership OF the
market In point or activity despite unusual
1y heavy totals in a number of shares ,an-
1aoly Tobacco. which figured for $500 and
ST Paul. for 1890 shares Sugar gained .
per cent, but the Improvement was nor
sustained. as Washington advices that bfIi
had been introduced providing for the re-
peal OF the differential on the staple en-
Couraged raid on the part OF the traders
and provoked liquidation by outsiders, The
etoch IeI s per cent, but recovered partiaII,
eIterward and Ii closed unchanged on the
gay The general list rose 1GD24 per cent
Mitn the grangers, Louisville a NashviIIe
western Union. Consolidated Gas and Cen
eral Electric the leaders. Leather nreferred
was conspicuous exception TO the move
tnent. receding 2% per cent. on reiterated
staiements OF the improbability of action on
d dividend AZ the coming meeting of the di-
Iectors- Around p. m. the execution OF
Ieaiizine sales on liberal scale unsettIed
tne market. Manhattan lost u OF the riea
snu important recessions occurred in rnanv
other STOCKS In the late Operations nricas
again TOOK on strength under the leadersbio
o. Iooacco and Sugar. the closing was ac,
i've ana strong at general fractional con-
cessions from the best prices but with NJ
terlal net gains the rule ~ ma
Inc pond market displayed considerable fr
reguiSElty today. but the undertone was
hrn- Ine sales were s.. .076. .0O0 N'
Government bonds stiffened slightly m
purchases or Sh2,00. State bonds were sl,,s-
sisn Dealings were $4,000 of Ionisia,sa
consol fours al a slight advance
Inc Following table. prepared by James 7,
Berry. Room l6. Board OF Trade shows the
range OF quotations: iS