The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-05-14
LIGHT STOCK TRADE
BUSINESS GREATLY NARROWED ON
'CHANGE AND PRICES FIRM.
GndustriaIs and Grangers the Only
Shares Sought After-Local Mar
1 kets Remain Steady.

At New York yesterday money on call was
easy at 2as per cent; last loan. "a per cent;
closed. 2A per cent.
Prime mercantile paper, 1851 per cent.
Sterling exchange was steady. with actual
business In bankers bills at s4.ss1kQ4-Sss4 for
demand and AS7izG4.s7}s for sixty days;
posted rates. -stsslk14ss and si.Ss14q4.9o;
commercial bills. s4.Ssiz
Bar silver. s77sc: silver certificates, 67zQ
6S1zc. At London bar silver closed at Gid per
ounce.
Total sales of stocks were $3.50 shares.
including American Tobacco. 300; American
Sugar. 1850; Baltimore & Ohio. $500; Chi
cago Gas. 1900; Louisville & Nashville. 7.7Oo
ST. Paul, u.9o0; Tennessee Coal and Iron.
$500.
There was decided contraction in the
volume of business ON the New York Stock
Exchange yesterday. but the tone OF the
limited speculation was firm throughout.
The influences bearing on prices were rather
conflicting. but were in the main encourage
lng TO the owners and holders of securities.
London prices for Americans came irregular,
hut moderate purchases for foreign account
were executed in the New York market. and
this fact served to offset the early announce
ment that 81 100000 in gold would be exported
to-day to Germany. No appreciate change
has been noted in either the rates for money
or commercial paper. The sterling exchange
market exhibited saggsng tendency and the
declaration of the regular quarterly dividend
OF l per cent on Burlington contributed TO
drm up the railway list and the grangers in
particular The trading element was af-
feoted sentimentally by more cheerful crop
advices. and bid up price whenever practi-
cable. though without taking any note
up movement by shorts also noted,
which was more cieariy reflected In Sugar.
Leather preferred. Tobacco and Louisville &
Nashville. "A few weak spots developed as
the day progressed. but the depression did
not influence the general market. and recov-
cries were subsequently made. Consolidated
Gas. after an early drop of ~ per cent, raj
lied 21z per cent. Tennessee Coal c.osed I'M
changed on the day. after an early decline
or lis per cent from the top figure. The Ill
ing OF a demurrer in the proceedings against
the Tobacco management impaired steadi-
ness to the stock. and inspired a covering
cline of a point was fully recovered The
more conservative stand taken by the Ger
man Reichstag on the sugar bounty bill
strengthened American Sugar stock The
advances In the railway list, aside from
louisville & Nashville. which gained rs per
cent, did not exceed fractions 81. Paul and
Burlington gained 3. per cent each The
market Closed strong, at the top level
wei msineane du until nui near pe the eiose Mheg
q slight reaction occurred. The sales were
$4,000 The principal changes were: De-
Brooklyn Elevated firsts, ia. and Houston
& Texas Central general tours and Union
Elevated firsts, per cent. Advances: Buffa-
10, Rochester & Pittsburg fives. per cent. /;
Cairo, Arkansas * Texas firsts, IL. and St.
Paul and Omaha consols. per cent.
Slight advances were recorded in govern
ment bonds on purchases Of 5000. In State
securities. 1000 Tennessee settlement threes,
sold at 81.
The following table, prepared by l.. w.
Louis. Room IL. Board of Trade. shows the
range OF quotations: