The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-04-15
ADVANCE IN STOCKS
TRADING A TRIF'LE MORE ACTIVE
AND INCREASES MODERATE.
No Disturbing Developments I'm Inter-
national Politics Fcared-LocaI
Markets Remain Quiet.

At New York. yesterday, money on call
was easy a. Sd3iz per cent; last loan, 3;
closed at 3.
Prime mercantile paper. 5l5Gsls per cent.
Sterling exchange was heavy. with actual
business in bankers bills at $4SSi5G4.SS4
for demand and $4-S724Q4SS for sixty days;
posted rates. s4sSa4s3 and $4S9@4.9o; COM
mercial bills, ss6S.
Silver certificates, 673t a6silc: bar silver.
67ssc. At London bar silver closed at
30 ll-lsd per ounce.
Total sales Of stocks were 219.093 shares.
including American Tobacco, &c, 200; Atchl-
son. SOC; American Sugar Refining. $500;
Burlington & Quincy, 1920; Chicago Gas,
1850; Distlling. $500; General Electric. s.lOO;
Louisville & Nashville. 1900; Missouri Pa
cific. 400; Reading. IL 400; Rock Island. $500:
st. Paul. 1880; Western Union. $500.
A further moderate increase was noted
yesterday in the New York stock market
and there were indications OF commission
house buying to a moderate extent. Activity
centered in the industrial group. with Sugar
holding the first place. London came lower
for Americans, but the local market opened
animated and strong. Trading was af-
fected by the considerations that have re-
Gently been noted, the seasonabie weather,
ease or money, weakness of exchange, more
encouraging aQV1ceS the CROP outlook
and belief that no disturbing Developments
are likely TO occur in the near future regard
Ing the Cuban question. Considerable in
terest was attached to a display of strength
In the so-caled Vanderbilt shares as indi-
eating revival OF Investment demand for
securities. The market at the outset was
quite active, but the movement decreased
later and the afternoon operations were
only moderate in extent. Trade reports
cenoting the substantial position of the
sugar industry and persistent buying of the
IA co6 der !.
anxiety on the part or the shorts, as the
manipulatorS appear TO be able TO manipu-
late the price at will; Sugar to-day rose ia
per cent, TO 123. closing with a net gain OF
q point. Tobacco early lost a sharp frac-
tion, but at the extreme low point purchase
ing orders came in. and the shorts, becoming
apprenensive on account OF the scarcity of
the stock in the loan crowd, rushed TO cover
and caused rally OF pa per cent. to $751;
The stock commanded premium OF u per
cent: for use by borrowers. In the late
dealings the stock was hampered freely and
yielded TO 81 on rumors that an application
nad been made for an injunction to restrain
books close for this payment to-day. a sale
OF s-vvU or the scrip was reported at 75
Up to late hour no papers had been served
Company. Chicago Gas made fractional
progress upward on the Old argument Of a
probable impending dividend The advanc-
ane tendency IN the general market was
checked at times by profit taking hut the
depression was only momentary. Such other
tdnWdy sndreS as were active nuctuated
within narrow limits, aside from the Van
derbilts- Michigan Central rose 1z4; New
York. Chicago q ST. Louis first preferred
advanced to 81 bid, but reacted to 70 bid at
the close. In the final dealings general real
izations caused fractional recessions and
impaired an easier tone to the closing The
net changes record slight gains. as a rule.
Railway bonds were active and higher on
wide distribution of business. The deal
1ngs embraced a number of the issues of the
81. Paul railroad. The more substantial
gains We're scored in the usually inactive
issues Central Washington firsts, trust re-
celpts. jumped IL per cent, 10 80. on the
prospects OF favorable treatment in the
Northern Pacific reorganization. Other not
able gains were: st. Louis and San Fran
cisco trust fveS S1z. and Lincoln q Colo
RADIO firsts, rs The sales were $2,047. 600
government bonds were strong on sales of
$S.0oO State issues We're slightly more ac-
tive. Sales were $4,000, and Slight gains
were noted.
The following table. prepared by l.. w.
Louis Room IL, Board of Trade, shows the
range OF quotations: