The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-09-22
STOCK LIST STRONGER
VOLUME OF BUSINESS NOT LARGE,
nut THE TONE WAS FIRM.
Better Indications Noted I'm the Mon
ey Market-LocaI Trade Steady,
with few Changes.

At New York, Saturday, money on call
was easier at 31aG6 per cent, the last loan
being made at 4, closing offered at 31b04
per cent
Prime mercantile paper nominally 7Q9
per cent.
Sterling exchange easier, with actual
business in bankers bills at 81. S324G 4S4 for
demand and s4S1H@4S1% for sixty days
posted rates, $4.S294s21a and $4s4ls44 S5la
commercial bills, $4S0A
Bar silver, 65Ac; silver certificates, 65J5
@661Ac. At London bar silver closed at
30 3-l6d per ounce.
Total salels of stocks were 1852 shares,
including the following: American Tobacco
6,10O; American Sugar, 391OO; Burlington &
Quincy. 15,10O; Chicago Gas, 6,100; Louisville
& Nashville. 1850; Manhattan, 17,S0O
Northwest. $500; Reading, II 1000; Rock ISL
and, 1900; ST. Paul, % 300; Union Pacific
1900 Western Union, 6,400; silver certifi-
Gates, Sc 900.
Although the volume of business in stocks
was not large yesterday, the distribution of
the trading was fairly good and the tone
was quite strong. The improvement was
based on an easier tendency in the rates
for both call and time money moderate
European buying Of our securities, a change
for. the better In the Industrial situation
evidenced by numerous rep orts of the start
ing w of mills and manufacturing plants
In various sections continued gold imports
ana the absence OF any new un1aVOrable
developments of Importance. 1t was noted
for the first time since the recent strn-
gency began that time loans We're made
at per cent. on good mixed Stock Ex-
change collateral without commission.
Leather preferred was helped by the re-
ported improving tendency for sole leather
and manipulation of several of the other
specialties, including Chicago Gas. induced
covering of shorts. Reading securities We're
more prominent than usual recently in con-
nection with the refusal of the court to
postpone the foreclosure sale for Wednes>
day and unfounded rumors of the probable
advantageous charter. The extreme gains
scored, extended in the SpecialtieS to 234
per cent. in Manhattan, while Rock Island
rose Ia per cent, and in the industrials
from the low point. Sugar gained only a
point its upward course being impeded by
rather persistent realizing. Tobacco, owing
to the recent recurrence of the fight with
the plug manufacturers and uncertainty
regarding the probable action the i'm
pending dividend was irresponsible to the
general improvement. The stock was ir-
regular within narrow range and left
strong in the face of unfavorable fore
casts of earnings. In a general way, the
buying of stocks was considered better than
for some time. The closing swas strong at
recording gains of l0I2 per cent.
Railway bonds were active and took on
a strong tone. in sympathy with the more
cheerful sentiment generally. The active
Reading issues prominent The sales We're
f9S0. 900.
Government bonds were strong and slight
ly higher on dealings of Sl02.0O9. Silver GER
tificateS brought $3.50 for .000. In State is
sues Alabama Glass skies were traded in
at IS.
The following table prepared by L. w. Louis,
Room 10. Board of Trade, shows the range of
quotations: