The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-10-23
BETTER STOCK. PRICES
SHARE LIST MORE ACTIVE M THE
MARKET STRONGER IN TONE.
st. Paul Disputed the Leadership with
Sugar Trust All Day-LOcal Mar
kets Quiet and Heavy.

At New York. yesterday. money on call
closed at 415 per cent.
Prime mercantile paper nominaliy 7Q9 per
cent.
Sterling exchange was frmer. with &C.
tuaI business in bankers bills at $4.Si14.s4A
for demand and $4.S1@481A for sixty days;
posted rates, $4.81h@4s21. and A.sf14@4.S53
commercial bills, 81. 791a.
Bar silver. 651sc: silver certificates, $3.50
65asc. At London bar silver closed at 30lsd
per ounce.
Total sales of stocks were 228,S SEA shares,
including the following: American Tobacco,
5,400; American Sugar, 81, 900; Burlington &
Quincy, 1000; Chicago Gas Trust receipts,
$500: Louisville & Nashville, %, 800; Nam
haitian Consolidated, 400; Missouri Pacific.
1000; Reading, 10. 100; Rock Island, 500; st.
Paul., %, 500; Tennessee Coal and Iron, $500;
Union Pacific, 4,S00; Western Union, 300;
Southern railroad preferred, 400; silver
certificates, $1,000.
The New York stock market yesterday
was more active'than usual recently and
displayed considerab bic strength despite sew
eral developments that, under ordinary cir
cumstances, would have exerted a marked
unfavorable influence. The distribution of
the dealings was fairly broad, and with
the exception of Sugar. which disputed with
st. Paul the leadership in extent of trad
ing. the railways commanded more interest
than the industrials; The opening was
weak and lower on London recessions for
Americans, and the news of advance by
the Bank of England of | per cent. from 3
TO 4 per cent. in it's minimum rate of dis
counts. The high open London discount
rate had presaged an advance in the bank
figure, but in some cities it had not been
expected that the rate would be put up
above az per cent. The inference drawn
was, logically, that the step taken would at
to this country. An interesting. develop
ment in connection with the gold move
ment was the receipt of s~2.s75.ooO from
Australia and the engagement of an equal
amount for import from that country. In
addition there was 81, a 10000 in gold from
gagements. including arrivals. and not in
GLIDING the Australian and Canadian god
received, to 7o,aSs,92 An advance in
trfbuted to temporarily depress prices.
Foreigners were moderate sellers of inter-
fractional concessions were made. The
continued heavy grain movement and the
publication of incidental car famine reports,
together with further estimates of the crop
deficiency abroad appeared, however, to
weigh more with the bulls than the bad
news. and as q result of extensive pur-
chases for both accounts. prices moved
sharply upward. The grangers as a group
led the market in point of strength and
activity. a decrease of over s4OO, 600 in
1Northwest's September gross earnings be-
ing ignored. owing to forecasts of a heavy
5NhN aiS " Ills IlOIltIi
Burlington rallied 2 per cent. and the other
members of The group made a slightly
smaller gain. The Southwestern group was
especially helped by the reports of the
restoration of peace between the hitherto
warning roads in that region, and some of
the industria's made notable improvements
especially Rubber preferrerd and common,
which sold up "a and 2as per cent, respect
lively. Around delivery hour the market re-
acted an extreme IL per cent, the last i'm
Fock Island; on realizing. The closing was
steady at the Declines, with comparative
figures showing general fractional gains.
Railway and miscellaneous bonds dis
Played strength on moderate transactions.
The Northern Pacific issues were unusually
prominent and made substantial gains. ard
Missouri. Kansas d Texas fives were con-
sales were 81. 260. 000.
Government bonds were quiet, but gener-
ally firm On dealings of $40. coo. Silver GER
tif1cates We're weak and declined - per
cent. on sales of SO, 900.
The following table. prepared by L. w. Louis.
quotations.: