The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-05-27
CLIQUE IN CONTROL
FLucTUarIoxs MARROW AMI DEAL
IxGs ON A LIMITED SCALE.
Easier Tendency I'm MoneS Rates the
Leading Infuence-Locn1 Markets
Continue Active.

AT New York yesterday money on call
was easy at 1izG2 percent; last loan. 2 per
cent: closing, 11z02 per cent.
Prime mercEantile paper. 1914 per cent
Sterling exchange steady; actual business
In bankers bills at ~Slssikql-ssA for demand,
and $f-s7ika4s7z for sixty days: posted
rates. s4.SsG4s9 and si.Ssiza4sO; CONNER
cial bills. 4.ss1zc.
Silver certificates. 6SHG6S%c; bar silver,
6Sszc. Al London bar silver closed at 31%d
per ounce.
Total sales Of stocks were 1O6.2 51 shares.
including the following: American Tobacco.
100; American Sugar, 1900; Burlington &
Quincy. 500; Louisville & Nashville. $500;
Manhattan, 400: Northern Pacific. 500: ST.
Paul. 1l-20o; Lake Erie d. Western, 800.
The speculation yesterday on the Stock
Exchange was professional in the extreme,
and even at that the dealings were on a
more. limited scale than. for some time past,
and the fluctuations in nearly every In
stance narrow. At intervals the trading
came TO an actual standstill- Business In
Americans and London. after the holidays,
was on a declining trend. the foreign deal
ings being Sympathetically Influenced by the
change in the speculative temper at New
York on Monday and the firm tone that
characterized the late week markets. On
the New York exchange the operations for
European account were on both sides of the
market. with most orders, however, TO sell.
There was a dearth of news bearing gen.
orally on prices, excepting a few crop re-
ports, and railway earnings and a slightly
development was largely due to the apathy
In the stock market. The earnings were
mainly favorable. but no stress was made
on an item OF a decidedly encouraging char
acfer, namely an increasing movement tof
corn Monday and yesterday the receipts
OF that staple were on a much larger scale
than during the previous week. although
shipments still show a considerable falling
Off, as compared with this time last year.
The specialties were again the points of
chief interest, with Sugar and Manhattan
the most conspicuous for irregularity of
movement. The first mentioned stock was
relatively active and its course was clearly
the result of manipulation by inside inter
ests. 1t scored a fractional decline early
and subsequently worked in an erratic fash
lon, but displayed an upward tendency in
the late dealings. The closing was at a
gain OF ia per cent. Manhattan showed
some frmness at the outset, with a frac-
t1onal advance, but sagged off and touched
It's lowest point, lo27s, about l o'clock. Cow
ering purchases resulted in an eventual
rally TO 10f. Consolidated Gas was n weak
feature. declining 21z per cent to 1851 on
liquidation Of holders. Leather preferred
eased or q per cent over the postponement
until next week of consideration OF the div
fdend question owing to the failure of the
yesterday Most, OF the loss was recovered
later on, being induced by reports of i'm
provement in the leather trade. New Jersey
Central fllogically rose to LOG In the face of
q decline Of 1854 in the net earnings for
April. The other anthracite coalers also
displayed hrmness Some of the high-priced
investment shares were in demand contrary
10 the drift OF the general list. New York.
New Haven & Hartford rose to 175.
and Cleveland G. Pittsburg and Fort
Wayne were both in demand at 163. The
market vas steadier- In the late dealings.
The net results were slight fractional de-
clines In most cases.
The bond market was dull. but firm in
tone. with the exception OF ~irregularity in
some of the speculative issues and decided
weakness In Atchison adjustments and st.
Louis & San Francisco tours, 3 per cent.
The sales were SAG. OK.
Quotations for the new government bonds
We're shaded slightly. both the other issues
holding steady on transactions of 81. OO0.
The following table. prepared by L. w.
Louis. Room IL. Board Of Trade. shows the
range OF quotations.: