The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-01-25
STOCK DEALS LIGHT
SOME SPECULATIVE BUYING IN
DULGED IN For FOREIGNERS.
Conflicting Political RumOrs Still
Being Worked by the Gamblers
Local Trade Dull.

At New York, yesterday, money on call
was easy at 3q31s per cent; last loan. 3:
closing, per cent.
Prime mercantile paper. 6Q5 per cent.
Sterling exchange firm, with actual
business in bankers bills at Si.69q4S9A for
demand and $4S%q4SS for sixty days;
posted rates. S4.ssls and s4.s91zGi.99; com
mercial bills, S4S67i. Silver certificates.
71s46s7sc; bar silver, &C. At London. bar
silver was 307sd per ounce.
Total sales of stocks were $50, 563 shares.
Including the following: American Sugar.
1850: American Tobacco. 3O5OO; Burling
ton 1000; Chicago Gas. 1900; General Elec-
trio, 3100; Louisville & Nashville, 800;
Manhattan Consolidated. 5000; Missouri
Pacific. $500; Reading. 100; Rock Island.
6.i00; St. Paul. 1920: Western Union, $500;
Wheeling & Lake Erie, $500.
The modest volume OF business transact
ed upon the New York Stock Exchange
yesterday centered in three stocks-To-
bacco, Sugar and st. Paul. Regarding the
two frst-named there was circulated gossip
OF an unfavorable character, including re-
vived rumors Of hostile action by the Leg
1slature of the State of New Jersey. Both
stocks not only proved superior to the at
tacks, but displayed exceptional strength
OH DuyllR, cElSfiy LOT SNORT account. Al
though the trading in the general list was
quite limited improvement was noted all
along the line. The news of the day was
calculated to cause a cheerful temper, but
this fact did not enlist other than the
strictly professional operators, owing to
the recent rapidly succeeding and conflict
sng political and other rumors. The ini-
sial tone. as has frequently happened of
late. was impaired by European cables.
The political advices received were of con-
1inued pacific import. so far as this coun-
try is concerned. and, logically, prices for
Americans showed advances over New
York parity. Some purchases were also
made in this market for foreign dealers.
These were not credited as an investment,
however. Other bull arguments consisted
OF rumors CT preparations by syndicates
TO underwrite the government bond issue,
either individually or as a collective force,
and the encouragement of gold for ship
ment tomorrow. BY the way, the incon-
sistency OF reports on this last point within
the last day or two has been marked. The
street is becoming less skeptical on the
score OF a practical agreement by the an
thracite coal companies TO result from the
Teopened negotiations among the leading
interests for a settlement There is relia-
Die information that the remaining points,
OF difference are inconsiderable. The great
differepce. however, has been to arrange
percentages OF production. originally d.
vided between four or six companies, so
The influences noted, though falling to
stimulate activity or cause wide distIibu-
tion of speculative interest, resulted in
material advances throughout the list. in
which the grangers. Manhattan. Louisville
* Nashville preferred. Baltimore & Ohio,
coalers and industrials figured for from 1
10 3 per cent, the last in Baltimore &
Ohio. The Improvement in this stock
coincident with the news OF the election
of the new president of the company.
Sugar scored the next best gain, "a. To-
bacco was raided at the outset and fell
ia per cent, TO 7424, on a renewal OF bear
pressure. Insiders took hold at the low
point and rally resulted 10 1914. Trading
Mas fairly animated in the early opera
uions. then became almost stagnant, and
continued until the last hour, when anoth-
spell OF activity occurred, in which the
top figures of the day were recorded. The
market closed strong and generally at ma
terial net gains.
Aside from a good inquiry for Reading
issues the railway bond market de-
void OF feature. The tone was firm, how
ever. The dealings amounted to 81, is, 900.
Government bonds ruled steady through
out, with transactions of $500. Business
in State securities was restricted TO sale
OF 5000 Virginia deferred skies. stamped.
The following table, prepared by James E.
Berry, Room 10. Board or Trade. shows the
range OF quotations: