The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-04-22
FOREIGNERS NIBBLING
MODERATE LoyDON DEMAND FOR
AMERICAN SECURITIES.
Active Trading on New York Change
and Better Prices-Locai Mar
kets Steady and Firm.

It New York yesterday money on call was
essy at 2l7Q3 per cent; last loan. 3; closed. 3.
Prime mercantile paper, sac per cent.
. Sterling exchange was heavy. with actual
business in bankers bills at ~SL.SsH@4.ssh for
demand and As71kG4s7A for sixty days:
posted rates. $4ssais21z and si.S9q4Ss12;
commercial bills. A.Ss%-
Bar silver. szzc: silver certificates. $3.50
sS4c. AT London bar silver closed at Sd per
ounce.
Total sales of stocks were 2ss, 719 shares,
Including: American Tobacco. 21.20O; AtchiA
son. 400; American Sugar. 5000; Burling-
ton. 1890; Baltimore y Ohio. 100; Louisville.
500; Missouri Pacific. $50; Northern Pacific.
S.soe; Northern Pacific preferred. $500; Read
ing. 10000; Rock Island. 100; ST. Paul. 20.Soo;
CSlion Pacific. 2.900: Western Union, 800;
Southern preferred. 4.200.
The i~ncipient bull market IN Stock Ex-
schange securities yesterday was subject to
the test OF realizing on a fairly large scale,
but. on the whole. proved superior 10 the
liquidation. The volume of business was
large and was fairly well distributed. with
che railroad stocks holding their own COM
paratively well in point of activity. The
sharp upward movement IN prices that was
in progress at the c.ose of business Monday
was resumed at the outset yesterday. and an
"a "a bGAAAA.f q AL
1.uence being exertsd by higher prices for
American securities IN London. A moderate
inquiry for that account in New York was
also noted early in the day. Another en-
couragins factor was furtner weakness in
sterling exchange. INCLUDING a reduction of
drawer. The gains IN prices, however. were
fractional in most leading shares. IN the
sspeclalties more material advances occurred.
There was some nregularity in prices in the
forenoon session, anu In the later dealings a
general reaction developed. in which London
1ionaliy Lssed STOCKS. The trading esement
was inclined 10 Work for a reaction, but, a.
though offerings were well taken, a decrease
ering by shorts prevented material losses in
al but a few instances Sugar ran OF lac
level The stock again led the entire market
in extent of trading. Tobacco gained a Sight
plication to the New Jersey court for a
temporary Injunction restraining the man
agement from paying the recsntly-deciared
scrip dividend. The scrip ruled at about %,
without much trading In ii. The stock de-
clined lis, but subsequently advanced rs per
S Ssh5; ciio5in og t Sst rsn = net ~ sSs ,s or q r Lhe
trio Company for the fiscal year ending Jan.
81 was not reelected in the market price OF
she stock. The reduction In the deficit,
amounting to $S77. 646. had been discounted by
street experts The substantial progress made
In the reimbursement Of Northern Pacific af-
fairs was reflected in strength and activity
In the preferred stock A rise OF IA per cent.
in il was followed By a loss of about half of
the Improvement. Baltimore q Ohio de-
clined 2 per cent. on the prospect of impend-
ing issue of a large amount of receivers GER
ttdcates and on unconfirmed sensational
statements of irregularities Ii .the former re-
ports OF the company's finances. Part of the
offerings were traced to Baltimore. The up
ward movement IN Consolidated Gas was
checked by Albany reports OF the probable
passage OF a one-dollar gas bill at this ses-
sion. The stock dropped 215 per cent. to 100,
closing at 16l- In the late trading considera-
bic pressure was brought against the
grangers The closing was steady, with ir-
regular fractional net changes.
The bond market was active and foreign
buying was noted in the prominent issues.
The Northern Paciics and Atchisons record
90 Improvement, and advances occurred in
other directions. The sales were 81. $4,000.
An increasing inquiry for government
bonds for Investment was reported, resulting
In advances In the new tours to 11Sz- The
aggregate dealings were $171, 600. In State
bonds Increased activity, occurred in Tennes-
see settlement threes. The bonds mentioned
changed fractionally on dealings of So. 900.
The Following table, prepared by L.. W.
Louis. Room 12, Board Of Trade. shows the
range OF quotations.: