The Indianapolis journal., 1896-06-04
THE MONEY QUESTION
RESPONSIBLE FOR FLUCTUATIONS IN
STOCKS ON 'CHANGE.
Passage of the Anti-Bond Bill Unfa'
vorably Impressed Traders-Local
wheat Declines n Cent.

At New York. yesterday. money on call
was easy at 1902 per cent; last loan. per
cent: closed at 1izQ2 per cent.
Prime mercantile paper, 4Qo1a per cent.
Sterling exchange was steady, with actual
business in bankers bills at S4-SSl4 4-ss19 for
demand and s4S714Q4.s71a for sixty days;
posted rates, sIsSa4ss and $.ssG4.so; COM
mercial bills. A-s61z fs S
Silver certificates, .6S7s acc; bar silver, 6SAc.e
At London bar silver closed at 81 5-l6d per
ounce.
The total sales OF stocks to-day were
1855 shares. including the following: Amer
ican Tobacco Company, 1880; American Su-
gar, 25. 100: Burlington & Quincy. 51oe; Dis
tillers' and Cattle Feeding. 4sOo; Louisville
& Nashville, 400; Ontario & Western. 500;
St. Paul. 10,10o; Tennessee Coal and Iron,
5000: Wheeling g. Lake Erie. 1850; silver
certificates. 14,000.
The share speculation on New York
Change yesterday failed to display any i'm
provement In point OF animation or distribu-
ton OF business The market at the outset
was weak and lower, the concessions. how
ever. being fractional. The traders who were
responsible for the limited dealings Were
unfavorably impressed by the formal pass
age OF the Butler bond bill by the United
States Senate and by depression In the Lon
oon prices Tor Americans. Inc lower fanee
induced some covering purchases and little
buying for the long account. Although the
succeeding prices were somewhat irregular.
the market in a general way trended up
ward and later in the day almost the entire
list displayed improvement over Tuesdays 8
closing The industrials were conspicuous IN
the dealings and in some instances the move
ments that occurred were evidently inspired
by manipulation Bay State Gas was taken
~ e hand per e inside o Of
marked the advance. Sugar. General Elec-
OF about poin., but left off without note
worthy change Tobacco developed heavi-
ness in the final dealings and broke Ia per
ing reductions Ia certain grades of the prod
uct handled by the trust The general mar
ket was not especially Influenced by the
weakness OF this specially and closed firm
favorable exhibits of earnings presented, in
Guiding the annual report OF the Rock Island.
showing surplus OF 500. 1872. after the per
cent. dividend disbursement. Silver certie-
Gates were unusually active to-day, the sales
aggregating $4,000 and the price moving up
from &C TO 691zc and closing at 6Sc, The ad-
vance was due TO speculative purchases and
the reaction to sales at the top by agents OF
the producers. The changes in prices were
due TO a statement and assumptions by the
street regarding the political possibilities
secided sdpS~ weakmess in some Of the speculative
issues at the close on foreign offerings The
sales were $4,000. The principal dealings
were in Chicago & Northern Pacific firsts sss
trust receipts. 21z per cent; Texas Pacific
frsts. Texas Pacific seconds and Kansas &
Texas seconds. 11s per cent and Spokane
& Palouse firsts. trust receipts, per cent.
Government bonds lacked feature, but were
we'll held on sales Of $4,000. In State Sc
SrolisiSt Sronsht 5000 4. ie1se'Ss' 's'''eHsA' s'
The following table !, prepared asd by sgo. l. ": w.
range of quotations.