The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-07-18
PRICES A SHADE LOWER
TEMPORARY STRENGTH IN SHARES
ON RUMOR OF BOND ISSUE.
Lively Trading I'm Leading Trust and
Granger Stocks-LocaI Markets
Fairly Active and Firm.

At New York yesterday money on call
was steady at 2d21A per cent; last loan.
2; closed, 2.
Prime mercantile paper. 4d5E per cent.
Sterling exchange was firm and higher,
with actual business in bankers bills at
StsS04s9 for demand and $4.ssd4.Ss14 for
sixty days; posted rates. s4.SSlsq4 Ssla; COM
rnercial bills. si.S7.
Silver certificates, $685.. At London
bar silver closed at 81 7-16d per ounce.
Total shares of stocks were, 25S, $40 shares.
including the Glowing: American Tobac-
60. 81. 800; Atchison, 1000; American Sugar.
C6OO; Burlington & Quincy 1880: Chicago
Gas 5000; DistiIlers' and Cattle-feeding, >
80: General Electric. 5000; Louisville *
Nashville 400; Manhattan. 1900; Missouri
Pacific. 1000: Reading, 1900; Rock Island.
$50: ST. Paul. 1900: Tennessee Coal and
Iron 4s00: Wheeling & Lake Erie, 800 Sill
yer certificates, $4,000.
The volume of business in stocks yes
terday was only about half as large as on
Thursday and after successive alternate
upward and reactionary movements, the
net changes were slight The dealings CEN
tered for the most part in Sugar. st. Paul.
Tobacco and Burlington and were almost
entirely professional in character. The in
Hue0ccS DtdTlnS OH the speculation III
Guided more reassuring advices regarding
Mr.. Vanderbilt's health. The engagement
OF s. 100000 in gold for shipment 10 France
to-day and sharp bCr not fully sustained
rally IN the government new fOurS, coupon,
and revived rumors OF an impending new
issue of governments The gold exports
fell below the previous estimates, but the
continued frmness OF the exchange marker
i believed to fOreshadOw fairy large fur
Their shipments on Tuesday OF next week.
The bond issue rumOr was diScredited in
we'll informed circles and The rally in gov
eminent bonds Was credited to investment
purchases at the low level. Covering OF
shorts was feature of the speculation
but there were also evidences OF support
at intervals. London was d moderate pur-
chaser of its favorites. but afterward took
some profits. The market opened weak and
feyerish, but subsequently a sharp rally
occurred on covering The highest prices
OF the day, averaging net gains over Thurs
days finals of 12ul per cent, Were made
about o'clock. On the lack OF confirmation
OF the bond issue rumors the market SaSged
in the ensuing dealings. but closed firm
and generally q shade below the final
prices of the previous day.
Railroad bonds were quiet with the eX-
cept1On OF AtchiSonS and Northern Pa
cities. In the early dealings the bonds men
toned fell OF ABOUT point. but later
made partial recoveries. Inc sales were 81 =
10000 The government bond market was
close The new tours. coupon, made an ex-
trene net advance OF Ia TO ll4l., but sold
off at the close to l1352.
Dealings in silver certificates amounted
TO $4,000 at 69l4c. In State bonds $1,000 Vfr-
gina preferred skies sold at four.
The following table prepared by l.. w Louis
Heom Is. Board o. Trade, shows the range OF
quotations: