The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-04-02
TOBACCO in THE LEAF
INDUsTRIALs MONOP0LIZED THE
TRADING ON ,C1fAkGE.
Volume of Business Falls on and a
Buainess Promising for April.

At New York yesterday money on call was
frmer at 2a3 per cent; last loan, 21z; closed,
20e1z- -
Prime mercantile paper. 5kG5h per cent.
Sterling exchange steady, with actual
business in bankers bills at AsSs464s9 for
demand and $A.s7s4Q4SS for forty days: post
ed rates, "a Ss1zI4-S9, commercial bills. $iS7A.
Silver certificates. 6Sl4Q6S1kc; bar silver,
6S15c. AT London bar silver closed at 31isd
per ounce.
Total sales OF stocks to-day were 14l SIG
shares. including: American Tobacco. 4s.70O;
Atchison. 1900; American Sugar. 1880; Bur-
Iington. 100; Distilling. $500; Louisville.
500: Reading. $500; Rock Island, 1000: st.
Paul, II. 100.
The stock market indirectly indicated yes
terday the source Of Tuesdays animation. re-
f1ecting decided dminution OF the short in
.erest. People who had not appreciated the
situation were inclined TO look for a lively
advancing speculation and they were disap-
pointed The volume OF business on New
York Change showed a considerable falling
on. and the operations were poorly distribut-
ed with the activity In the industrials as a
group entirely disproportionate to the move
nlent In the railway list. Tobacco figured
for nearly one-thdrd of the entire dealings,
recording sales OF 43 200 shares. The specu-
Iar1on IN this stock overshadowed interest in
tne trading In the other shares, owing to the
continued adroiS manipulation and the long
agitation regarding a hostile compromise
with the opposing interests and the dividend
action likely to be taken by the directors at
session the greater part OF the day, and the
dividend announcements were withheld until
long after the CLOSE OF business on the ex-
change The stock moved in cratic fashion
10 response to- various estimates as TO the
probable amount OF the. dividend. At the
~ q Ex1r
sns * cent to ssaen At the Rg,sf eTsi
inside buying caused rally to 9Os4, a reac-
ton g ssz fonowsd; and in the late dealings
the afternoon bids of SO to So were reported
on the dividend announcement. The directors
on the Sydens Of
cash Of 2 per cent. and an extra disburse-
ment Of % per cent; in scrip on the common
the stock at 80. as equal to 81, 800 on 20 full
shares. or. at IS. the curb bid price. II would
be equal to $500 on 20 fun shares. The gen
slightly all around The bulls soon inter
posed and checked the reactfonary tendency
ans H ana fractona
Island. Ifstilling and few other shares
Manhattan jumped per cent, to 107Iz. on
privileges Of Mayor Strong II Re sns xessG IN
good demand late. In the day and rose ~
per cent The bonds Of the company were
more actively traded in at advancing prices
The afternoon speculation presented but few
features OF INTEREST," London was alternately
buyer and seller. but its operations were
not large. In the. final dealings a general
selling movement occurred Causing recess
eions OF fractions from the best figures OF
the day. This movement was ascribed to
revived rumors OF impending gold exports
The closing was dull and heavy
Bonds were active and higher, with special
strength in the Reading and Northern Pa
cinc issues The sales were 5000 900.
Government bonds were well held on deal
ings Of $4,000.
Louis. Room Is Board of Trade. shows the
range Of quotations.: