The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-05-13

Few Outside of Professionals Take
Part I'm the TradinE-Local Mar
kets Quiet and Firm.

At New York yesterday money on call
was easy at 21zq3 per cent; last loan. 215
per cent: closed at 21z per cent Prime
mercantile paper. 4q51z per cent. Sterling
exchange steady. with actual business in
bankers bills at s4ss1zd4SS74c for demand
and $.s7ssG4Ss for sixty days; posted rates,
$4ss1zQ4ss and s4s91zQ4.9O; commercial bills,
sLG.
Bar silver. 67ssc: silver certificates. e7a4@
6s1kc. AT London bar silver closed at
30 15-16d ger ounce.
Total sales of stocks were 126,5SS shares,
including the following: American Tobacco.
e.soo; American Sugar. 800; Burlington &
Quincy, $500; Chicago Gas, 5000; Louisville
G. Nashville. $500: Manhattan Consolidated.
$500; Missouri Pacific. 800; Rock Island,
400: st. Paul. 1880; Western Union. 4.5e0.
Only two stocks on the New York Change
yesterday deserved mention on account CT
activity-St- Paul and Sugar. The specula-
tion was fitfui, prices being affected by in
'f1uences not ordinarily bearing on the mar
ket. 1t can be added that the traders were
entirely responsible for the meager total of
business recorded. more cheerful senti-
ment was apparent in the early operations,
the bulls being encouraged by moderate
renewal OF foreign purchases. The buying
was chiefly for foreign account, incidental
to the opening Of the fortnightly settle
ment on the London Stock Exchange. The
more reassuring advices in relation to the
latest Cuban trouble also paved the way for
improvement in the market The govern
ment crop report was more favorable than
had been generally anticipated and tenn
porarily helped the railway list, and par
ticularly the granger and Southwestern
shares The foreign exchange market also
displayed a reactiOnary tendency, and gold
export probabilities appeared to attract less
attention than heretofore. Furthermore,
large number Of traffic returns for the first
hand The foreign purchases referred to
were mainly confined 10 st: Paul and Louis
vil,e Nasnviiie' w,sn lighter INQUIRY Tor
rule, were confined to fractions and were
fairly well divided among the leading shares.
but the market soon settled into a state of
seu1i-stagnation and IN the absence OF more
practical business considerations the mem
leisure In discussing the results OF The Stock
Exchange election. The dullness melted at
ssek by by the 81 bear
together with the execution Of moderate
realizing orders, a reactionary movement de-
ports OF probable International complica-
lions over the Che-Foo incident. The more
acute losses occurred in the specialties. Con-
ga per cent. The concessions among the
more active shares extended TO about point
IN Tobacco. Sugar, Tennessee Coal. Mis-
souri, Pacific. General Electric and Chicago
Gas AT the lower points a general cover
ing movement set in, causing rally in the
late dealings 10 a parity with Mondays final
figures. The closing was steady at the rally.
with the net changes trivial.
The bond market was quiet, with prices
displaying irregularity In the early deal
tngs easier tendency was noted, but the
market steadied later and closed firm at
general advances over the low point. The
speculative issues tended higher, with the
Atchisons the leaders. The sales were $780,
900. The principal gains We're Baltimore &
Ohio consol fves, g. and Atchison adjust
ment tours, IA The chief declines Were
Union Elevated firsts. 3; Virginia Midland,
stamped fives, 2&: St Louis * San Fran
cisco consol fours, ?, and General Electric
debenture fives, ia per cent.
Government bonds were irregular, but
closed firm on transactions of se6, 000 State
issues were without notable change on sales
of 81. 900.
The following table. prepared by L. w.
Louis Room Is, Board of Trade, shows the
range OF quotations.: