The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-04-21
INCREASE In STOCKS
BETTER INQUIRY FRO ABROAD
AID GENERAL GAINS SCORED.
Gould shares Conspicuous I'm Wall
Street Transnctions-Local Mar-
kets More Active.

At New York. yesterday. money on call
was easy al 2q3 per cent; last loan, 8;
c.osed at 3.
Prime mercantile paper. sac per cent.
, Sterling exchange was heavy, with actual
business In bankers bills at ~S4.SSzQ4.sS4
for demand and s4.S7%Q4Ss for sixty days;
posted rates. $4.ssiza4.Ss and s4ssH949o;
commercial bills. s4S6%.
Bar silver. SIC. Silver certificates. 67%@
6Shc. At London bar silver Closed at Bid
PEI ounce.
Total sales Of stocks were 1881 shares.
Including: American Tobacco. 10. 800; Atchi-
SON. 5000; American Sugar, $500; Burling-
ton. Il. 400; Chicago Gas. S.4oo; Consolidated
Gas. 800; General Electric. 800; Louisville.
1850; Northwestern. 3. 100: Northern Pacific.
$500; Northern Pacific preferred. 1900; St
Paul.. 17s700; Tennessee Coal and Iron, 400:
Union Pacific. $500; Wabash preferred. s.4cO;
Western Union, $500.
The New York stock market Monday
presented a more healthy appearance than
for some time past. Business was fairly
large and the trading was unusually well
distributed. conservative operators being
grained over the fact that although Sugar
exceeded any other individual stock in point
OF activity. the railroad list forged TO the
'front.' Tbs continued pressure of money in
London appears 20 be beginning to have
1he hoped for. result of attracting foreign
CAPITA into this market. London quotations
came higher for Americans and foreign
dealers were purchasers In the New York
taken An Increase IN New York commission
house orders was logically reflected in the
kareer totals OF transactions for the usually
active railway stocks. The continued favor
abe weather and The absence Of any posi-
tive unfavorable news helped the bu.l.sh
sentiment. There was very little news OF
Importance bearing on prices. The railroad
bond market sympathszed with the buoyant
stock speculation. As rejecting the conses-
ton OF money in London IL may be noted
that British conso.s made another high
record. touching ia. Tns return on the in
yestment of capital in these and other prime
European mortgages Is so meagre that II Is
only logical that European investors should
turn TO this market. The Could shares were
conspicuous in the trading. Union Pacific
trust certificates displaying exceptional ac-
1ivity. The manipulators OF Tobacco met
= with little opposition IN advancing the price
contributed largely to the rise. being alarmed
at the prices obtained for the scrip-at 20,
while the stock ruled around Y. "A rumor
current again was that the management of
the company may redeem the scrip in cash.
Sugar was wei supported. and after a some
what erratic course. closed with a gain of
= per cent. Consolidated Gas was again
forced upward The Initial price showed an
advance OF 3s per cent. over Saturdays
c,oslnsi The gain was not long maintained.
Improvement Subsequently a rally OF 12
per cent. was scored. The general advance
was stemmed for an interval about IL o'clock
by realizing. the losses. however, being un-
Important Activity subsidized In the after
noon session until near the close. when
revived animation and additional advances
were recorded. imparting a buoyant tone TO
the closing. The grangers, Louisville &
Nashville, the Gould shares and q few of
the specialt.es were in specia. inquiry. The
net changes record improvements Of 1Q2 per
cent In the leading shares.
Railway bonds were active and higher on
the considerat ons elsewhere noted. The
sales were S2.112.Wo. The more notable gains
were- St. Louis * San Francisco genera;
fives. So; Baltimore & Ohio fives OF 1885.
3%s Colorado Midland frsts, trust receipts.
S%; Kansas Pacific consois and Kansas Pa
SKIES. 2; st. Joseph & Grand Island hrsts.
rs; Pittsburg & Western frsts. IA: southern
fves, Houston & Texas general fours and
Peoria & Eastern firsts. IA per cent.
Government bonds were active and strong.
Sales were $IS9.50o. State mortgages figured
41 600 at unimportant changes.
The following table, prepared by Z. W.
Louis. Room Is, Board OF Trade. shows the
range OF quotations: