The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-09-17
GOLD IS STILL COMING
NEARLY TWO MILLIONS MORE EN-
GAGGED Il. EUROPE FOR AMERICA.
Shipments of Currency from New
York to the Interior Still Large
Stocks LOwer-LOcaI Trade.

At New York yesterday money on call
was firmer at 5GS per cent, the last loan
being made at 6; closing offered at 50i6 per
cert.
Prime mercantile paper nominally 7G9
per cent
Sterling exchange heavy, with actual
business in bankers bills at 81 S3a1 IA "a for
demand and $4.s11AQ4.s2 for sixty days,
posted rates. $4.8294S31a and $4.S41a654 s51a
commercial bills, $3.50.
Bar silver, 651sc; silver certificates were
strong and l per cent higher at 659sd66c on
purchases of $1,000. At London bar silver
closed at 301sd per ounce.
A London cablegram to the Evening Post
yesterday says: About s2590OO in gold
will probably. leave the Bank of England
Thursday for New York The gold with
drawals for America Wednesday surprised
the market, because there is no steamer
Thursday. / learn on good authority, how
ever that it was taken because a big with
drawal for Egypt is likely Thursday or
Friday and 1T was feared that the Bank of
England might raise the price Fully 500
900 will go to New York by this weeks
steamer from France. There is intense in
terest here as to whether the bank rate
will move Thursday. The best opinions ia
vor no change, but it is impossible to in
dictate the action with any certainty. Dur
ing the week the bank mas lost esq COG in
gold on balance"
The total sales of stocks at New York
yesterday were 1876 shares, including the
following: American Tobacco, Is SOC; Amer
lean Sugar. $500; Burlington G. Quincy
$500; Chicago Gas, 5000; Louisville &
Nashville. $500; Manhattan, 200; Reading
400; Rock Island, $500; st. Paul. 25 $780,
Tennessee Coal and Iron. $500; Western
Union. $500; Wheeling & Lake Erie, 1890.
The feature of speculation in stocks was
change of front by an important interest
that is prominently identified with the
manipulation of Sugar stock and has re-
Gently upheld the long side of the market
The change Immediately accentuated the
bearish proclivities of the rank and file of
the professional dealers OF actual news
bearing on values there was none to speak
OF, excepting an easier tendency in the
foreign exchange market and an advance
In the afternoon in rates of call money to
per cent. The inevitable rate-cuttine
news came duly to hand and the board
room scalpers enlvened the dullness of the
early afternoon operations by an eXtrava-
CANT rumor of active hostiIities having
interspersed with periods of practical stag
nation and the trading, which was quite
limited in volume, was centered in about
four stocks-Sugar, st. Paul Burlington
and Tobacco. The first mentioned over
Swallowed any other individual stock in
point of activity and it's course as prev
iously noted. to considerable extent in
fluenced the trend of the general list.
Incidents not referred 10 above included
additional engagements of golu from Eu-
rope aggregating 81, 10000 bringing the
grand total since the beginning of the
movement to S32. SS5 900. The shipments of
currency by the banks to the interior We're
on as large a scale as heretofore but the
transfers through the subtreasury fell off
considerably. only $4,000 being forwarded
Ihe treasury resources were swelled by the
deposit of 200 in gold in exchange for
greenbacks. Although the market was only
falrly active, number of the fluctuations
recorded were very wide. The specialties
were quite prominent. Sugar was dealt in
ex. the ACKNOWLEDGEMENT dividend OF Z
per cent, and broke 3ss per cent to 1851
with final rally of ] per cent Other ex-
treme declines extended to 1s4 per cent in |
Chicago Gas, Tobacco Consolidated Gas
Tennessee Coal and IRON and c., c., c. q
ST. l.. lost lie per cent. and Rock Island |
Us per cent AT the low level purchases
for both accounts exerted a steadyins in |
fnence and caused partial rallies The |
closing was steady at general fractional |
declines.
Railroad bonds were quiet and generally |
lower, Kansas q Texas seconds exception |
ally gained a point on increased transac- |
tons The sales were S652,0 900.
Governments were active and weak for |
the new tours. Other issues were barely |
steady The dealings were $4,000
The following table. prepared by L. w. Louis |
Room 10. Board of Trade. shows the range of
quotations: