The Indianapolis journal., 1896-01-28
STOCK DEALS ACTIVE
INCREASED BUSINESS AND CLOSING
QUOTATIONS HIGHER.
1ndustrials and Railway Securities
Both I'm Request-Local Markets
show Few Changes.

was easy at 3ia per cent; last loan, 3la;
closed, 3is.
Prime mercantile paper 6ds per cent.
Sterling exchange was dull and lower,
with actual business in bankers bills at
e4ss1a64ssz4 for demand and s4S7lka4S7s4
for sixty days; posted rates. s4.SSa4.SSi and
e4S9lz Q490; commercial bills. s4S6a4.
Silver certificates, 67HG67%; bar silver,
671sc. At London bar silver was so 11-1sd
per ounce.
Total sales Of stocks were 229.9 .966 shares,
Including the following: American Sugar,
$500; American Tobacco, 1920; Atchison,
B.7e0: Burlington. 1900; General Electric
$500; Louisville & Nashville, $500; Missouri
Pacific. 3,l00: Manhattan. $500; Reading
isb0o; Rock Island, 1000; ST. Paul, 81 800;
Southern railroad. $500; Tennessee Coal &
Iron. 4,6o0; Leather preferred, $500; West
ern Union. 1O.lo0; Wheeling & Lake Erie,
300.
The New York stock market enjoyed a de-
cided Increase in activity Monday, judged
by recent records. and the volume of busi-
ness was unusually we'll distributed The
large dealings covered both the railroads
and industrials. Sugar led with $1,000, with
st. Paul second with 81 300 The course of
prices, a temporary setback excepted was
uniformly toward a higher level. and the
buying was less exclusively professional
tnan heretofore. a variety or Influences
predisposed the street 10 the bull side The
cndnce OF any serious contention between
this country and Great Britain, that cannot
De arranged systematically is now gener-
ally regarded 10 be remote. Then American
assurance or the successful carrying out of
the new government loan is douby assured
and In the best-informed circles appre-
nension or impending stringency in the
money market mas been dissipated. Further
more. the easier tendency OF money
rates Is expected to soon extend the market
nFrlE Enf a ma rr0aRA aN
1siuiry for even choice grades is only NOM
1nal- Opinions are now more generally con-
fdent OF important favorable Developments
at thursdays meeting OF the anthracite
coal presidents. Great interest is being at
tached TO the progress that is being made
IN the efforts 10 setlle the ong-drawn diff
culties of leading mining and carrying COM
panies. 1t is expected that, in the event of
settlement on permanent lines, the reor-
ganizaton or the Reading would be readily
carried through. and the well-known policy
OF the bankers In charge Is 70 work up a
favorable sentiment through manipulation
or the general market. weaker tendency
tl the sterling exchange market is be-
lieved TO have effecutally disposed OF the
question OF gold exports. upon an exchange
basis, for the immediate future London
prices came higher and fairly large buying
for foreign account was noted in the New.
York market number OF favorable X
hibits OF railroad earnings which came TO
hand. and notably the st. Paul figures for
December. showing an increase in gross of
SOL. .12s and an increase in net of $335, GIL,
exerted decidedly stimulating influence on
the speculative sentiment The market
opened strong and gains approaching
point were scored early in number OF in
stances. The upward movement was
checked by sales TO take profits before noon
ana by vigorous drives against Sugar and
Tobacco, forcing those stocks down Ia and
"a per cent, respectively. The decline in
the first was based on the now very familiar
report OF the probable increase by the Ger
man Reichstag In the bounty paid TO Ger
man exporters of the commodity. The de-
clines In the general list were not heavy.
but many shares receded 10 below Satur-
days closing figures. About 1 o'clock, how
ever. a rally started, which carried stocks
10 the best figures OF the day. with st.
Paul. Reading. Leather preferred and Rock
Island most conspicuous in the active list.
Consolidated Gas sold up per cent on
further rumors OF probable increase in
the dividend rate, and colncident to the e.
fiecticn Of the board OF trustees. Minne-
sofa Iron rose 4i4 per cent. on reported IA
vorable trade conditions The market closed
active and strong and at general substan-
tial improvements.
The railway bond market was active and
strong. with Reading issues leading at ad-
vances OF LMlA per cent The total sales
were $2.4Ss0oO.
The market for government bonds also
1000. The bid quotations, however showed
out little change. In State issues only
$4,000 Virginia deferred skies. stamped, and
s. 900 Tennessee settlement threes were
dealt IN.
The following table. prepared by James f.
Berry, Room is. Board OF Trade shows the
Qf rf10f