The Indianapolis journal., 1896-11-25
STOCKS MANIPULATED

AT New York yesterday money on call
. was easier at l@3 per cent; last loan, /;
closed. offered at per cent.
Prime mercantile paper. 4G5 per cent.
Sterling exchange was heavy. with actual
business in bankers bills at $4.S6G4s614 for
demand and s4.s2@4G4SS for sixty days:
posted rates. s4S3d44 and s4.S7d4s7la;
commercial bills. $4.s1s4.
Bar silver, 65Ac; silver certificates. 6514c;
Mexican dollars. 5O9sc. AT London bar sill
YER closed at sod per ounce.
Total sales Of stocks were 15S219 shares,
including: American Sugar. 2s. 900; BurIing-
ton. 1s,4O0; Chicago Gas. 1O,6Oo; Louisville
& Nashville. 1900: Manhattan Consolidated,
$500; Reading, 800; st. Paul, 1900.
Dealings in stocks were almost entirely
professional New York Change yester-
day and were limited in volume, covering
OF shorts in London incidental to the first
making-up day for the fortnightly settle
ment was responsible for higher quotations
for American securities at that center al
though the easier trend of the money mar
ket there encouraged moderate buying for
long account. These Developments inspired
New York covering demand in the fore
noon trading, but the subsequent putting
out OF new short lines removed the chief
element or support, and. together with re-
H. a
late reactionary movement in prices In
the first two hours Of business the traders,
Following Londons lead. succeeded in adj
Vancing many OF the leading shares i'm
portant fractions, the greatest improve
ment being noted I'm Louisville * Nashville
st. Paul, Burlington and few. of the spe-
were material. Great Northern preferred
rose 3 to 122 and Lake Shore 1la per cent.
TO 1o2lz. The persistent gossip regarding
the alleged impending consolidation of the
LEGAL gas interests was reflected in a rise
OF per cent. in Consolidated Gas. Leather
preferred improved IS per cent in sympa-
thy with the general list but around mid
day developed weakness which became
quite pronounced on disappointment to
the amount Of the dividend declared. name
~. per cent In some outside circles ex-
leoea0ons es ,. OF a @ d@lspursemenI OF 8 or even
announcement followed by a rapid
slump OF As per cent. to 6212. The disburse-
ment makes per cent. distributed in the
year and leaves in arrears twenty cumula-
tive dividend payments. The belief that
the dividend declared yesterday would be
more substantial was fostered by the re-
cent continued favorable report as to the
conditions of the companyS business on ac-
count of the Improvement in the trade. The
drive at the stock uncovered a number of
stop orders and checked the advancing ten
dency in the other market. The bears paid
Sugar was forced down la per cent. Man.
haitian ~ and Chicago Gas Ia per cent The
concessions In railway shares were mainly
grangers and Soutlwesterns. The closing
was weak. with most shares recording
small net gains. +W
The bond market was only moderately
active. but decided strength was displayed
in some of the inactive issues The specu-
lative bonds made slight gains generally.
The principal advances were: Minneapolis
e. st. Louis firsts.. Pacific extension, 5; ST.
Paul, Iowa * Minnesota division firsts
Milwaukee. Lake Shore q Western firsts
Michigan division; Baltimore belt firsts
guaranteed. Pfttsburg. Shenango & Lake
Erie hrsts and Peoria & Eastern firsts.
per cent.
Government bonds were strong and frac-
tionally higher. block of 500. 900 OF the
new fours, coupons. changed hands at
1l97s The sales were $126.5 800. In State Sc
curitieS $4,000 louisiana consol fours sold
at 90
The following table. prepared by l.. W. Louis
Room IL Board of Trade. shows the range of
quotations: