The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-04-23
STOCKS STILL STRONG
BUSINESS ACTIVE AND PRICES HIGH
Err On NEW YORK ,CHANGE.
Several Important Gains Recorded
Indianapolis Grain Market Active,
but Prices lower

At New York yesterday money on call was
easy at 2tsQ8 per cent; the last loan being
made at 2l5: closing offered at Pa per cent.
Prime mercantile paper. 4LzQ6 per cent
Sterling exchange steady, with actual bus
mess in bankers bills at $4-SsHQ4-SSl4 for
demand and ~sf.s71za4.S74 for sixty days;
posted rates. N.ss@issk and A.S@4.ss12;
commercial bills, SASSY.
Bar silver. 67%c.. Silver certificates. 67s@
6s4c. AT London bar silver closed at Sid per
ounce.
The total sales OF stocks were 2S7.4 400
shares. including: American Tobacco. 1880;
American Sugar, $500; Burlington, $500;
Chicago Gas, 5000: Distiiling. 24.4O0; l. &
N, $500: Missouri Pacific, 1880; Northwest
ern, 3,3so; Reading. 2, 400: Rock Island. g.
500; St. Paul, q. 700; Union Pacific, $500;
Wabash preferred. $500: Western Union. H.
300: Wheeling & Lake Erie. $500; Southern
railroad preferred, 1900.
The genuine character of the present bull
movement in stocks at New York was
again tested yesterday. with the result of a
OF strength, after liberal realiz-
ing orders had spent their force. An In
crease, too, in the volume OF business oc-
Cured, and commission house orders were
reflected in a wider distribution of transac-
lions IN the railway list, and in a ripple of
0llIllldllOLf III ltlt VAi -Ai0 Co " III
estment account. Aside from Sugar. the
industrial stocks were comparatively neg
lected. The outset of business was rather
discouraging to the holders and owners of
securities. London quotations for Americans
came fr~actionally below our closing prices
of yesterday and realizing orders for Eu-
ket. In the early dealings the traders took
tho bear side. but the combined offerings
sions in the active list. Manhattan sold of
IL per cent. on the denial by President
Gould of any present consideration of prop
osbtions for a lease or sale OF control of
the property. The pressure to sell was soon
exhausted and under heavy buying for ooth
which subsequently, assumed material pro-
portions. The Gould properties were well
supported and late in the day the Wander
bilt group doomed into prominence The in
crease in gross earnings by the Northwest
ern OF s4Cs. 5000 for the month OF March. to-
gefher with heavier grain receipts at Chi
cago. helped the railway list and particularly
the grangers. The coal stocks took on
noted and L~ackawanna rose PA per cent. on
nominal dealings, while New jersey Cen
trail and Susquehanna & western preferred
early trading had been led by Tobacco, but
subsequently, other prominent shares devel-
DistiIling. after a long period of d~ullness.
became animated in the afternoon session
and advanced Ia per cent, on the impending
Issue of the new securities. incidental to
the reorganization. Sugar maintained its
record for activity and after an early frac-
tiOudl uec4ine, f1tiic1 : per y "a II 6AdhS~
ers averaged 1 per cent. advance and ma
terial recoveries from the early low level
occurred in many other shares New York
Central and Lake Shore rose Ia per cent.
each and Western Union and Missouri Pa
cihc 1s and rs per cent, respectively Con-
solidated Gas rallied "a. after an early urop
Of 1 per cent. Tobacco. after an early rise
OF IL per cent, made a partial recession.
The market closed strong and active at the
top level.
Northern Pacific issues continue to absorb
interest in the bond market. The favorable
news regarding the reorganization proceed
ings were reflected yesterday in the follow
ing gains: The seconds. IL. thirds and term
inal firsts. L; collateral trust skies, II. and
dividend scrip extended, ? per cent. Notable
gains were made In other issues and
strength characterized the general market.
The sales were 2,354,00.
Governments were slightly higher on trans
/. actions of $50 900. State issues were slight
~ more active. $4,000 Virginia centuries
and Tennessee settlement threes were dealt
in at slight gains
The following table. prepared by L. W.
Louis. Room u. Board OF Trade. shows the
range OF quotations.:
Open High Low Clos