The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-09-19
STOCK MARKET FIRM
INFLUENCED BY THE CONTINUED
HEAVY INFLUX OF GOLD.
FIRM
Total Arrivals to Date Amount to
S26.774,O5O-LocaI Trade Still
! Fairly Active.

At New York, yesterday, money on call
was firm at GAG per cent, the last loan
being made at 3 per cent; closing offered
at 3n3b per cent
Prime mercantile paper nominally 7@9 per
cent.
Sterling exchange steady. with actual
business in bankers bills at $4.S37s@4.S4 for
demand and $4.s21a@4.S1a4 for sixty days;
posted rates. s4s2a4S 31k and $4s41aG4.85
commercial bills, $3.50
Bar silver, $3.50. Silver certificates 651a@
6615c. At London bar silver closed at 303sd
per ounce.
The total sales of stocks at New York
yesterday were 172. 1870 shares, including the
following: American Tobacco, $500; Amer
lean Sugar, 3d. 800; Burlington & Quincy
1s, 800: Chicago Gas, 4,200; General Electric.
300: Manhattan, 13,90e; Reading, 1900;
Rock Island, 1890; st. Paul. &C. 400; Wheel
ing & Lake Erie, $500.
The stock market yesterday improved on
the usual record of Friday in point of ac-
tivity, but no increase in outside interest
in the speculation discernible. The
motive power was furnished by a few OPP
orators, one of whom has not been asso-
ciated with the Gould properties being the
most actively interested. A firm tone pre-
vailed. owing to the well-defined prospect
OF continued heavy imports of gold to this
country. The Improvement was chiefly due
TO the covering of short contracts aside
from eHectlye manipulation in some of the
lndastrials. There was little no news
bearing on the market, excepting fur
ther arrival of about 100000 in gold, bring
ing the grand total of arrivals since the
were indifferently distributed. four STOCKS
monopolizing the bulk of the trading. The
opening was dull, but firm, with prices
showing but little change. Anima ton soon
developed. however, and substantial gains
were made on the liberal purchasing or
ders, the industrials being most prominent.
I he market relapsed into dullness after the
first hour and prices yielded fractionaly
on realizing. Manhattan was foremost in
the reaction. The recent strength of this
speciality was attributed to improving earn
1ngs and prospective reductions in interest
charges, together with expectation of i'm
portant economies in operation result
of experiments in electric and air motors
that are shortly to be made on parts of
in Sugar were heard from, and on heavy
dealings the stock was marked up to 1875
The general market sympathetically
affected Foreign dealings included offer
ings of st. Paul and Louisville & Nashville,
sales Of the Iast-named being Induced by
the heavy decreases in the earnings of
other Southern lines for the second week.
The formal notice of withdrawal of reduced
rates by the Seaboard Airline to-day, in
compliance with the recent mandatory or
der of Judge Speer. is expected to exert
general list at the, high level extended to 21s
per cent. in Sugar, a number of less mate
rial gains being noted. The Improvement
was checked in the last hour by realizing
sales. Manhattan and Burlington reacted
point and FRACTIONAL declines occurred in
other shares. The closing was heavy at
slight general net gains.
Railroad bonds We're quiet but decidedly
strong for the active issues gains of a
point or Whereabouts being generally estab-
lished. Among the inactive mortgages
kentucky Central fours were conspicuous
by a rise of per cent. while on the other
hand, Tennessee Coal and Iron frsts Ten
nessee division, lost 312 per cent The sales
were S503, 900.
Government bonds were moderately act
i've and slightly higher sales of S34 800
The following table prepared by l.. w. Louis
Room IS, Board of Trade, shows the range of
quotations: