The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-07-30
STOCKS ARE DEPRESSED
FOREIGN MARKETS FLAT AND 10.
CAL BUYERS WITHOUT NERVE.
Gold Being Drawn from the Treasury
fax HoardinE-Local Markets SHOW
49, Little Activity.


Al New York yesterday money on call
was easy at 11zGs per cent; last loan, 2;
closed, 11zG2.
Prime mercantile paper, 6d7 per cent.
Sterling exchange was steady, with ac-
tual business in bankers bills at $4.SSz for
demand and si.s71SQ4s7A for sixty days;
posted rates. $4.ssG4.sS1s and $Ls9q4Ssz;
commercial bills. A.s7.
Bar silver, 6sAc; silver certificates, 6S7sG
s9sc. At Londen bar silver closed at
81 7-i6d per ounce.
While the export of gold seems to have
been completely checked for the time be-
ing at least, there are signs that boarding
is still going on to some extent Yester-
days statement Of Withdrawals, for in
stance. shows that of the S321. 200 of gold
AIKEN from the treasury $3O5. 400 was in
In and only SIG. 200 was in bars for use
the arts. During the day $4,000 in gold
in was received at the treasury. making
he balance stand at s10s. 800. 7O4-
The New York Evening Posts London
financial cablegram yesterday said: 1.-The
} stock markets to-day were fiat on the diff
culties in Paris and the renewed slump in
Americans. The fall in Americans to-day
would probably have been even more Sc
we're but for the bears closing. AS il is the
market is demoralized and the alarm is
spreading to the genuine holders of bonds
and better class shares. who are endeav-
orfng TO sell. 1t is, however. almost i'm
possible TO sell bonds at anything like the
quoted prices. and the fact that arbitrage
houses have found il impossible to sell
large blocks of fair class bonds even in the
United States has had a demoralizing eff
feet in London, prices. however. closing
above the lowest. AS reported in yester-
days cable. the syndicate's efforts to
garded here. Other markets were fiat in
sympathy with Americans. A failure is
reported In the Glasgow market and In
Paris two big firms have been in difficulty.
In one of these accounts were practically,
closed to-day. 1t is that of a large oper-
s shGf h wne VAS last n Noyem Hssr e The q Pas Paris sn AND
Berlin markets were fiat"
The total sales of stocks were .24o.so
1850: Atchison. s.4Oo: American Sugar,
500; Burlington & Quincy; lao; Chicago
M Gss; ssco; toT m. Pecs & , NaSavilI !, sod ls' 4 100
Erie & West rn. s.1Oo: Southern Railway,
4.1c0. silver certificates, 5000.
The stock market was fairly active yes
terday, and. as usual recently. sentiment
played an important part in shaping the
paratively well distributed. although
Sugar and st. Paul figured for over one
toned was the star performer, and. in
common with the general list. was de-
cidedly irregular. incidentally IL touched
par. the lowest price recorded for a long
time. The movement of the stock exerted
considerable sympathetic influence on the
other prices. TIL general movement was
feverish In tone in the forenoon, averaging
a fuctuation of nearly / per cent. The
opening was weak. chiefly owing to Lon
don quotations for American securities.
and in the early dealings declines We're
scored extending to 1s per cent. in Rock
Island. At the low level spme support be-
came evident in the leading stocks and
there was also extensive covering of shorts
and improvements from the low points oc-
CURED. ranging up to IA per cent. in Chi
cago Gas and Manhattan. About midday
some commission orders appeared and to-
gether with continued covering and some
buying of the international shares caused
further appreciation in prices. The in
quiry for the industrials was quite
marked. The more important extreme adj
Leather preferred. IL, and Chicago Gas,
Ia per cent. Changers rose 1G2 per cent.
the last in Rock Island. The closing was
below the best figures. Dealings in the
low-priced shares constituted a feature of
The bond market failed TO respond to the
Improvement noted in the share specula-
ton In the late session and closed weak
With Important declines in many instances.
The speculative issues assumed consider
able prominence I'm the selling movement.
tional market. The sales were sS7s.O 600.
The principal losses IRE Ohio Southern
ives s%: Honsatonic ives inte rs1aho,ng
& Great Northern seconds and st. Paul.
Dakota & Great Southern hves. 3: Great
Southern general tours. IL: East Tennes-
see consol fves an Northern Pacific
terminal firsts. g: Chicago & Erie firsts.
Ia. Cincinnati. Dayton & Ironton fives and
Louisville & Nashville unified tours. ~:
Wabash frsts and Rock Island extended
ives. 1L. and Atchison fours. Chicago K
Eastern Illinois fives. Edison Electric con-
sol fives. Kansas & Texas fours and Brook
Ign Union fves. I per cent.
Government bonds were barely steady,
The rIAr L0ufD . fAn1A.@x~ 40 a4- = =
offerings of S.. 500. Silver certificates were
dull and easier on dealings of $1,000.
The following table. prepared by l.. w. Louis,
II Board OF Trade. shows the range Of quota
tons: