The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-05-22
POLITICS ON CHANGE
VICTIMS OF REPORT REGARDING A
PRESIDENTIAL CANDIDATE.


At New York yesterday money on call
was easy at 2a21a per cent; last loan, 2;
closed, 2Q2k
Prime mercantile paper. 4Q51z per cent
Sterling exchange was strong. with actual
business in bankers bills at $4-ss1za4S for
demand and s4.s71za4ss for sixty days;
posted rates. s. ss@4.ss and 81. ss1zq4-so: COM
mercial bills, s4s7.
Bar silver. S7zc; silver certificates. ESQ
6S1sc At London bar silver closed at 81 1-lsd
pfsr ounce.
Total sales OF stocks to-day were 1882
.shares. including the following: American
Sugar. $500: Burlington & Quincy. 6.4U;
Chicago Gas. $500; Louisville Nashville
500. Manhattan. 5000; Missouri Pacific. 400;
Reading. $500: Rock Island. 400: st. Paul.
800: Tennessee Coal and Iron. $500.
The operators in Stock Exchange secur-
'ities yesterday who had been induced TO take
the bear side on account of the recent dull
ness. were the victims of a political report
which was circulated industrlously that a
leading presidential candidate would declare
his position on the currency question per-
sonally or by proxy. The rumors were un-
founded The bears. however, had taken the
matter seriously and did quite little cover
zng, the professional operators making the
operation as expensive as possible by bid
ding up prices for a while At the outset
Sne market developed fair activity, but the
buying movement was soon exhausted and
. relapse to the sernI-stagnation that has re-
Gently characterized the speculation oc-
CURED The grangerss Missouri Pacific;
Sugar were the leaders in point of strength.
evidences Of manipulation in the last-named
dock being quite clear The market opened
Sugar and Manhattan, against which pres
sure soon made. Both stocks lost near
ly point. but at the low level support was
accorded and rather aggressive upward
swing took place on the political rumors be-
fore mentioned. Sugar and Manhattan
gained rs. Consolidated Gas, IL, and Colo
RADIO Fuel Tennessee Coal and Missouri Pa
cific, per cent. The market otherwise was
without special feature aside from a revival
cidentai to the practicalIy complete deposits its
of the securities under the plan of reorgan-
izs ns9t The time for depossitiing without
~ the call for the second instaslment of the
assessment on the junior securities has been
slightly higher and gold bills against i'm
pending shipments are understood to be Of
fering. It IS considered certain that at least
either 10 Berlin or Paris and most no. 9 probably
90 the rirst mentioned center. The specula-
regular. with the fluctuations very narrow.
The closing. however. was firm at fractional
gains generally.
spots In the bond market, especially in the
Reading group. the incomes advancing
sharply on the successful completion OF the
reorganization. Kansas & Texas seconds
we're also notably strong The aggregate
transactions were $1s042.0 600 The more inn
portant advances We're in Chicago & East
srn Illinois hrsts. az; Buffalo, New York
q Erie sevsns. ,; Missouri. Kansas & East
ern irsss. IA: Reading firsts and second in
comes. IL; Kansas & Texas. TX. and pits
burg q Western fours. Mobile & Ohio firsts
AMI Knoxville & Ohio ffrsts. per cent. The
Elevated firsts. 21z, and Louisville & Nash
per cent
slightly higher.
The following table, prepared by l.. w.
Louis. Room ID. Board OF Trade. shows the
range OF quotations.. w.