The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-08-15
"A REVIVAL In STOCKS
LITTLE TO CHECK ADVANCING TEN
DENCY THAT SET IN YESTERDAY.
Furry I'm Money Rates and Exchange
Market SaEs-Local Business
Dragging Behind.

At New York yesterday money on call
was irmer at 3a4 per cent; last loan, 4;
closed. 4. with bids for small amounts
ranging up to Z per cent.
Prime mercantile paper, 6kd7h per cent.
Sterling exchange was easier. with actual
business in bankers bills at s4.s5a for de-
mand and s-ssA for sixty days; posted
rates. s4S764.sslz and A.sSQ4.SsA: CONNER
cial bills. s4.S5H.
Bar silver. 67ssc: silver certificates, 67z9
67sc. At London bar silver closed at Old
per ounce
The total sales OF stocks were 2O6,92i
shares Including: American Tobacco, g.
900: Atchison. $500; American Sugar. 3d.
800; Burlington & Quincy, 1890; Chicago
Gas, $500; General Electric, 500; Louis
Vile & Nashville. $500; Manhattan Con-
solidated, 1880. Northwestern $500; Rock
Island, 1900; St Raul. 4.700; Western
Union. s.1OO: wheeling & Lake Erie. $500:
Southern Railway preferred. 1900.
Further relaxation Of the recent tension
regarding the general financial and bust
ness outlook was again evident yesterday
on New York Change There was a signii-
cant abatement OF the late bear predic-
tons and about the only check TO the adj
vancing endency OF prices was the execu-
ton of realizing orders for both domestic
and foreign account. The bears claimed
at the close that the greater part of the
that the market was full of stocks. It is
not reasonable to expect the rank and file
out for more than a few points at a time.
The exchange market continues to sag
and actual rates for short and long bills
were reduced TO S4-S7h and $4.s6A yester-
day. In addition to the realizing which
characterized the final hour a furry in
money rates caused a shading off from the
best figures. The average rates had been
on a parity with the figures recorded dur
, shsrt the has, bsfo rev days. aysoc ga nI per s cent sm but
sums. chiefly by bear traders, caused rates
TO advance to per cent. Small loans were
made at that figure, but large offerings Of
funds rapidly broke the rate to 5 per cent.
The volume of business. was below the re-
cent average; but the dealings were reia-
and St Paul, which jointly counted for
considerably over one-third of the aggre-
gate sales. The tone of speculation was
confident throughout and many stocks
touched the highest figures of the advance.
some of the gains in the industrials and
specialties being quite material.
The opening was generally higher
despite lower London quotations and at
feature A reaction shortly ensued. fol-
lowed by a of the advance and
the best figures Of the day were reached.
sugar opened q per cent lower and after
wards made an extreme advance Of 31s TO
lO41s: Manhattan sold Ip AZ to 49,. but re-
substantial gains. which were most
marked in the grangers Western Union
and the industrials. ranging from ] 70 2
per cent. Minnesota Iron broke > to 10 and
jumped 6 to 81 on a single transaction.
In the last hour prices yielded 10 renewed
realizing and the closing was heavy at net
fractional improvements generally.
Railway. bonds were lower in the early
dealings. but rallied later on the advance
In stocks. The sales were $4,000.
Government bonds were strong and
purchase of SIS. eco.
The following table. prepared by L. w Louis.
Room IL. Board OF Trade, shows the range Of
quotations: