The Indianapolis journal., 1896-05-23
CLOSED AT THE TOP
GAINS IN The SHARE LIST FIRMED
UP ON BETTER NEWS.
Sugar and Tobacco Trust Lead I'm the
Acttvfty-Local Markets Con-
finue Unsatisfactory.

Y AT New York yesterday money on call was
easy at 2d2ss per cent; last loan. 2; closed,
2Q21z per cent
Prime mercantile paper, 465iz per cent
Sterling exchange was firm. with actual
business In bankers bills at s4.sSssq4.s9 for
demand and sls7NQ4-ss for sixty days;
posted rates. $4s8q4s9 and si.s91zel49o; COM
merciai bills. s4a.
Bar silver. s77sc: silver certificates. 6sh@
6s,kc- At London bar silver closed at 81 1-16d
per ounce.
Total sales OF stocks were 135 20 shares,
including the following: American Tobacco,
soc shares; American Sugar, 1920; Bur-
1inston & Quincy. $500; Chicago Gas, 800;
Manhattan, 14.3O0; st. Paul. 100
Three stocks relieved the New York
Change market yesterday from practical
OBSERVATION-DISCLOSURES. Tobacco and Manhattan.
The last mentioned was the only one In the
railway list that attained respectable pro-
pertions even such an Old standby as st.
Paul figuring for less than 5000 shares. Lon
den was a moderate seller OF Americans,
Put Put is Hperanohs were on ,rcilx nSi nrofss
slonal than for some time past, were gwen
an appearance of animation at times, owing
20 spurts of activity in the three stocks
mentioned Manipulation was plainly the
motive power. but in Manhattan some genu-
inc buying was noted on the news. late in
the day that the appellate division OF the
Supreme Court had declared the rapid
transit act unconstitutional. Aside from this
development and the engagement of 81, 900
IN gold for export by Sar9 ore
the market. There was a marked falling on
in the amount Of political gossip. The spec
cessions made were fractional, and a firm
tone soon developed under the leadership of
Sugar and Tobacco inside support was evil
dent In the first named and the discovery
disposed the shorts 90 run to cover The
stock rose to 1245s. as against l22!a, the
early low figure. The Initial price of Tobac-
CO was at decline Of Y per cent. In SYM l1i
but In this case also effective strategy on
the part OF powerful interests was soon dis
cerned, and a rise of 2A per cent, TO 61S4,
occurred. Round amounts of stock changed
hands. the bears covering freely. The de
cisioa in favor OF Manhattan was not gen.
traders turned in and whooped the stock up
2A per cent. 10 1051s, with the closing at the
best price of the day The engagement OF
ket, despite further hardening tendency
IN the foreign exchange market, which Is re-
sarded as foreshadcwing shipments early
specie freights made by one of the interna-
tional steamship lines was not expected to
check the effiux of gold TO Paris, as it is
realized that the gold is forwarded as an
exchange operation and for remittances. The
improvements in the general list were frac-
fiona1 aside from advances or 1l2 per cent
each in Consolidated Gas and Cordage.
guaranteed. The market closed strong at
the top level
Railroad bonds were quiet and lacked
ssss fsurs ss but @ n Tine
changes WERE, Adyances-Union Pacific
four and half trust receipts, per cent.
Alton & Terre Haute firsts. IL; Chicago. st.
Louis & New Orleans fives. l per cent. De
clnes-Susquehanna & Western terminal
Grsts. 115 per cent. and Oregon Improvement
consol fves. trust receipts, per cent.
Government bonds were dull, but steady,
on sales Of $4,000.
The folio wing table. prepared by L. w.
Louis, Room 13. Board OF Trade. shows the
ranua OF nuofafiOns.