The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-05-12
DECLINES IN STOCKS
AVERAGE LOSS THROUGHOUT THE
LIST OF SHARES RECORDED.
Gold Shipments Because There Il a
Profit I'm It-Local Markets Quiet
and Featureless.

At New York yesterday money on call was
easy al 21zd4 per cent; last loan, 2lz per
cent: closed. offered at per cent.
Prime mercantile paper. 4Q51s per cent.
Sterling exchange steady. with actual busi-
ness In bankers bills at s4-sss4 for demand
and s4s7z@4.ss for sixty days: posted rates
Hss1za4Ss and s4.Sslzqslso; commercial
bills. s4-s7.
Silver certificates. s7%GeSAc; bar silver,
s73Ac. AT London bar silver closed at Bid per
ounce.
Total sales Of stocks were 1893 shares. in
cIuding the following: American Tobacco,
13, 100; Burlington & Quincy, lZ;oco; lineage,
Gas, l4O00: Louisville * Nashville. $500, Rock
Island, 400; st. Paul, 20,50U
A general decline in prices, ageraging more
than u per ceat.. was recorded yesterday on
New York Change and the market displayed
more features OF interest than in several
days previous. The above average loss was
shown after small general rally from the
lowest during the dnlness whlca p pre-, t5e
street rather bearish in their views, oasinS
their expressions on the very evident ao,
speculative stocks or the specialties from In
side interests. The chief impetus TO the de-
r ns Tas :. iPe s 9y iese
received at the opening, together with gen.
sral drop in the marker for American IS
most OF the days losses were recorded, the
London houses were free sellers, but before
prices had gone below the limits placed on
European offerings The weakness In London
which was so plainly reflected there was in
duced by the fears OF international compn-
cations growing out OF the Cuban situation,
and these were not entirely relived by the
action in the case Of the American citizens
BY the spanish Ministry. However, the
Washington houses which had sold the mar
ket freely during the morning were among
she larger buyers at the close. Another mat
Ger which operated to unsettle the market in
s" sOd sS e
about special orders and Usual s '' induce H
and the plain fact Of the matter is that
there Is profit in the shipment and the ex-
change market took the bills made, against
e without developing any noteworthy reac-
t1onary tendency. More gold will undoubted-
" be exported later in the week, but for next
exchange market. This statement is war
yanted by the fact that there are being Of
ger acc IN nonso1 py snpey yb; Co.
the original purchasers, A,0o0.000 New York
city 3 per cent. gold bonds. AS they are
all probability. be a market found for them.
and exchange to the amount OF the sales
maze ap 9b Will nave to De MADE . here
rently reported that another large issue of
American railroad bonds is to be placed in
which. at least, 1t will be necessary for the
vendors to draw exchange The latter opera
granger stocks were the leaders in respect to
the activity OF trading and the extent OF fiuc-
xuations, their feverish tone being partly due
TO uncertainty as to the showing OF the gov
eminent crop report The strength OF To-
oaeee. due to inside covering. did not cause
any special strength in the general trust
group. though Boston orders advanced
Money was easy on small transactions.
The bond market was dull and heavy, with
sales of $930.000.
Government bonds sagged slightly under
sales OF $50 900.
The following table. prepared by L. w.
Louis. Room L. Board of Trade. shows the
range OF quotations.: