The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-11-26
QUIET DAY ON CHANGE
STOCKS SHOW FAILING TENDENCY
UNTIL NEAR FINAL HOUR.
Declining Movement of American Sc
curities I'm London Felt at New
fork-LOcaI Active.

AT New York yesterday money on call
was easy at 2k per cent; last loan, 21k;
closed. 2a21s per cent.
Prime mercantile paper. 4G5 per cent.
Sterling exchange was steady, with actual
business In bankers bills at $.SsA@IsS1.
for demand and S4.s3G4.s3A for sixty days;
posted rates. AS3RG4A and &.Sa4S7k;
commercial bills. $4.s134.
Bar silver. SIC; silver certificates, 65Hs@
65hc; Mexican dollars. 5Osc. AT London
bar silver was Sod per ounce.
Total sales of stocks were III. 731 shares.
including the following: American Sugar,
$500; Burlington, 1900; Chicago Gas, A.
200; Louisville & Nashville, $500; Manhat-
tan, $500; Reading, 5000; st. Paul, q, 800;
silver certificates. $4,000.
The New York Stock Exchange has listed
S.oo0.O 600 fifty-year s per cent. bonds, $780,
zoo consol 5 per cent. bonds and S12, 900, 900
common stock OF the Standard Rope and
Irvine Company: s15,174,0O 4 per cent.
bonds. $40. 1898. 500 preferred and $24, OoO, 600
common stock of the Oregon Railroad Nav
tgation Company. The stocks are repre-
sented by voting trustee certificates and
SIS, 900 of the CONNER stock is held by
the reorganization of the Oregon
Short Line & Utah Northern as security for
the b income bonds: $6.3SS, 900 consol 4
per cent. bonds, s., 0OO,O 900 first preferred,
1885 200 second preferred and SIS, eli, $50
common stock represented by voting trust
certificates of the st. Louis & San Fran
cisco company.
Upon a very slight increase in the vol
ume Of business I'm stocks yesterday fur
thor progress downward was made, the
market continuing distinctly professional.
The traders were unfavOrably impressed by
an unexpected declining movement In
American securities i'm ondon moderate
selling for hat account in this market and a
81. Paul for the third week in November.
Their operations were facilitated by the in
disposition of large interests to make ven-
lures over the impending successive holi-
days. The fHreign sales included the prom
inent International favorites and also
bonds. The local bears brought particular
pressure to bear on the specialties in eff
forts TO shake out the long stocks and were
aided by some specific developments in re-
iation to Southern properties. Sugar lost
about per cent. on the official announce
ment OF a temporary suspension of the va
rious renneries, although such a shutdown
Is not unusual in a holiday season. and at
that time Is less apt, owing to the dizziness
of the trade. Rumors had been current of
a more prolonged suspension of work, but
were denied by President Havemeyer. To-
ward the close the stock developed marked
general list and moved up a point on a
demand from shorts. The market, as a
whole. displayed steadiness at intervals on
an inquiry from similar sources. but the
exceptional heaviness Of the Industrial
shares, exerted a depressing, influence all
around towards the close. The final prices
were slightly above the extreme low point.
Leather preferred was pressed for sale
throughout and after "a fractional advance
at the outset sagged steadily. making an
extreme decline of 3M per cent. TO 59@4. a
rally TO 6Olz followed. The selling of the
stock was increased on the appearance of
liquidation for Boston account. Consoli-
dated Gas moved within a wide range on
effective manipulation. The stock broke 34
per cent. to 164. rallied to 1854 and closed at
165A. Chicago Gas was dull in ex-dividend
Of II. per cent. and yielded a point on re-
alizations. American Spirits preferred rose
3 per cent. and later reacted l per cent.
Railway bonds ruleu weak, but the losses
were fractional. The sales were ST. 900.
Government bonds were strong on sales of
$42. 600. Silver certificates were a shade
higher on sales of $4,000.
The following table. prepared by l.. w Louis.
Room IL Board of Trade. shows the range of
quotations.:
Open High Low Clos