The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-03-26
MONEY Is EASING UP
EASTERN MARKET FEELING THE
EFFECT OF NFLOwING FUNDS.
Trading I'm shares Yesterday Lighter
than for Many Days ON Change
Local business Steady.

At New York. yesterday. money on call
was easy at $685. per cent; last loan. 3hz;
closed at 303k.
Prime mercantile paper. sac per cent.
Sterling exchange was firm, with actual
business in bankers bills at A.SSQ4.ssH for
demand. and AS7q4s7A for sixty days:
posted rates. s4s71zQ4sS and $50; COM
mercial bills. $4.s6lla.
Bar silver. 6Sssc: silver certificates, $50
69c. At London bar silver was 81 5-16d per
ounce.
Total sales of stocks to-day were 1O9.323
shares. including: American Tobacco. 20. sco;'
American Sugar. 1880; Burlington, $500;
Chicago Gas. $40: General Electric, 1900;
Louisville & Nashville, 800; st. Paul, II, 600;
Tennessee Coal, 400.
There was a decided contraction in the
dealings in New York Stock Exchange Sc
~-curities yesterday. rejecting the unsatis-
factory conditions prevailing. The continued
selling of American securities held abroad.
including many OF the choicest investment
bonds. lends a special significance to the
hardening tendency Of the foreign exchange
market. and in some circles ordinarily well
informed there lis expectation that a fur
Their appreciation in exchange rates win
induce the Treasury Department to make
a second call on the depository banks. For
tunately money is reported to be easing up
at the West and IN other sections and an
inflow or funds 10 New York from the in
terror should. under normal conditions, soon
begin The trading yesterday was unre-
heved by outside operations, the absence Of
commission orders in many Instances COM
peliing brokers to scalp on the floor for frac-
tons in order to pay office expenses. To-
bacco figured for one-f1fth of an aggregate
or D0.OOO shares and only. two other stocks.
s;nsar and St. Paul. reached the 1000 mark.
There was practically no news Of importance
bearing on values. although an ingenious
story was circulated late in the day OF an
agreement on the part of the presidents of
the anthracite coal companies to abandon
heir combination governing the price and
production of coal 1t is needless to say
that there was no reflection OF the report in
the prices OF the anthracite shares. 1t may
OF the above import that may be made
by officials are simply for the purpose OF
relaxing the vigilance of the legislatures at
various points Chicago Gas was strong on
what appeared 10 be inside buying. The adj
vance IN this stock appears to give color TO
recent reports that as a result of the in
Illinois, In New York. that official now
takes a less hostile position towards the
feorganizatIon plan; The rise was also at
q large sum in hand available for dividend
purposes. Tobacco sagged a point at the
tbe to.u out s1pseaIenry more nan recovered
posed TO the trust published reiterated and
comprehensive denials of any alliance or
general market opened irregular with the
International shares slightly higher. The
granger stocks were also helped to a mod
crate extent by the substantial increases
reported In gross earnings for the third
week. The market was irregulariy weak
for a time. when a steadier tone developed,
together with intense dullness until the
maj hour. when purchases by the shorts
caused general fractional Improvement. The
c.csins was firm at slight net gains as a
Bonds were frmer on dealings OF $4,000.
General advances were scored which were
ur.mportant aside from Union Pacific sink
Ing fund Fights. which rose ? per cent, and
Kansas & Texas seconds and Northern
Pacific seconds. l per cent.
Governrent bonds Were slightly higher for
the lew fours-
e~~~.ag table. prepared by L. w.
Louis. Room 13. Board of Trade. shows the
RANGE OF ouOtarfouS.