The Indianapolis journal., 1896-05-05
ON NEW YORK CHANGE
QUIET DAY, GOLD ENGAGEMENTS
TENDING TO CHECK BUSINESS.
1ndustriaIs Alone showed Signs of
Actfvtty-L0cal Markets Promise
a Good May Trade.

Az New York yesterday money on call was
easy at 2a2is per cent; last loan. 21k; closed,
~. per cent.
Prime mercantile paper. rad51z per cent.
Sterling exchange steady. with actual
business in bankers bills at $4.SS4Q4.S9 for
demand and s4.s7s4@Lss for sixty days:
posted rates, Ass1zd4s9 and s4S91zQi 80;
commercial bills. s4.s6s404s7A.
Bs-r silver. Csc; silver certificates. 6sl0
6S4c. At London bar silver closed at 81 l-16d
per ounce.
Total sales of stocks were 111,s29 shares,
Including the following: American Tobacco
3,l00; American Sugar Refining. 1880; Bur-
1ington & Quincy. $500: Chicago Gas, $500;
Distilline. 400; st. Paul. $500.
The only appreciable effect of continued en-
gagements of gold for export on yesterday 5
New York stock market was contraction
OF business. The trading was on a limited
scale, but SO far Ii went fairly well
distributed. In no instance, reducing Amer
lean Tobacco to full stock. was the 10000
share mark reached The influence of the
gold engagements. amounting 10 s2,l50.O0o,
was offset by the extreme ease in money,
further reported Improvement In general
trade. more encouraging advices re-
garding the progress made in plant
for American securities in London, and mod
crate purchases in this market for that ac-
COUNT hdlifOdu earnings cOntluue. NANNY
favorable and in the erangers the exhibit
or ST. Paul for the fourth week in April
showing an increase In gross of $75.0 .0t2, and
for the month an increase of $s12, sos. ex-
erted strengthening influence All of the
gold engaged for shipment goes to Ger
many and indications point TO the outgo of
similarly large amount at the end OF the
week The gold is exportsd under excep-
tional conditions, premium being paid for
the metal incidental TO the reformation of
the Russian currency system The premium
OF 3-16 required for gold bars apparently
renders impracticable the export OF the gold
in that form. The foreign exchange market
reflected freer drawings OF bankers bills
against the shipments and an increase in
commercial bills. but the inquiry for remit
on parity with Saturdays figures. Specu-
1ative interest was chiefly confined to the in
dustrials. Rubber common stock sold off 234
and the preferred 3ia per cent. The common
subsequently rallied per cent. A conces-
sion OF point IN Sugar was ostensibly due
to reductions in the foreign and domestic
grades OF the product A full recovery was
made in the later dealings Chicago Gas,
on the familiar argument OF early favorable
action on the dividend question, advanced 1,
and Leather preferred rose 1lz per cent. on
alleged Improving trade conditions. The
market at times reflected realizing sales, but
in general way the current of prices was
upward and the closing at about the
best figures and showing fractional gains
In most instances. A rise of IL per cent.
was established in Manhattan on the ex-
pected extension of the company's facilities.
Bonds were quiet. but firm on transactions
OF $912. 900.
Government bonds displayed strength on
81 900. without important change in prices.
The following table. prepared by L. w.
Louis Room 13. Board of Trade shows the
range OF quotations: