The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-08-26
GOLD COMING THIS WAY
FURTHER ENGAGEMENTS ABROAD
FOR SHIPMENT TO AMERICA.
share List Dull and Nearly Neglected
on New York 'Changc-Local
Markets Quiet.

At New York yesterday money on call
was firm at 5Gs per cent; last loan. s.;
closed. 5.
Prime mercantile paper. %nominally. 7qS
per cent.
Sterling exchange was easy. with actual
business in bankers bills at s4s4A@4s5 for
demand and $4.sS%QI.S5 for sixty days;
posted rates. s4.s4ha4ss and A.ssd4.S7; CON-
mcrcial bills. A.s5h.
Lar silver, G62sc; silver certificates, eGssg
SIC. At New York bar silver closed at 3o7sd
Per ounce.
a special dispatch from London says;
fTNvc hundred and seventy-ive thousand
pounds In gold were taken from the Bank
OF England to-day for America 1t is said
that 100000 were shipped By a big Imam
c!al house here. The Seligmans are also
reported to be shipping. More will prob
ably go this week.
Total sales Of stocks were 9O.OO5 shares
including the following: American Sugar,
1850: Burlington &c Quincy. $500; Louisville
& Nashville. $500; Manhattan. 1900; Mis-
souri, Pacific, 800; Reading, $500; st. Paul.
1890; Western Union. 1,500; Wheeling az
Lake Erie. 500. Silver certificates, 5000.
The speculation In stocks on New York
Change yesterday was about as dull as on
Monday and was undressing and prac-
tically meaningless I'm general outline. the
only noteworthy development being a de-
cline TO the lowest point reached in the
present movement In the sterling exchange
market. Actual figures ruled at A.Sj55M
ls3A AID %S4lzQ4s4A for Ions. and short
bills and posted figures were also reduced
10 AS41H4.S6 by a prominent drawer. tn
weakness revived expectation of further
and sales Of about SI.5OO,OOO OF American
gold for shipment TO this country to-mor-
row were made. Further shipments are ex-
90 80 H. Na1A an N4n1n ~. Thf naUFn
checked the selling movement which was
In progress at the outset and led to slight
purchases for both accounts. Manhattan
recovered IL. Sugar IL and various other
properties sharp fractions and the list was
carried a shade above Mondays closing.
Europe was a moderate seller. The de-
pressed conditions OF the iron and steel
trade reflected I'm the embarrassment OF a
large concern was considered responsible
TO a.. and OF 2 per cent. I'm Illinois Steel
10 40. During the forenoon some comment
was excited by the exceptional dullness of
the railway bond market. Up 10 midday
not "A single transaction had been recorded
In either Atchis0n, Kansas * Texas. Texas
* Pacific or Southern railway issues. which
usually figure even In the dullest market.
The Louisville a. New Albany bonds re-
Elected In further extreme weakness the re-
eral hves dropped 3 per cent, TO 40. and
the console per cent, TO "a. The traders
In the dullness selected the traffic returns
as subjects OF discussion.
reports or some OF the principal lines
Tor the tnlru week were dlScOurdRinR, pOr-
traying the rate disturbances. Some graft
fication was expressed, however, over i'm
provement exhibited by some OF the minor
properties. The failure OF Leather direc-
tors TO declare a dividend at yesterdays
meeting precipitated selling. depressing the
price OF the preferred l per cent. TO 434. The
early afternoon operations were character
lied by extreme dullness, but prices were
well sustained despite repeated drives by
the bears against some OF the specialtieS.
Wheeling * Lake Erie was comparatively
active and recedcd sharply. Business in
the hnal hour increased somewhat and at
the expense of values. The Gould shares
appeared the objective point OF attack and
marked concessions occurred I'm Manhattan.
Western Union and Missouri Pacific. Sugar
was also a sufferer in the reaction which
was chiefly due to realiZations. The closing
was heavy at general fractional losses as
a result OF the days operations.
Railway bonds were very dull with
scarcely any transactions in the specula-
tive issues. Prices moved irregularly with
a downward trend. Louisville & New Al
bany general fives sustained a net loss OF
. per cent. and the consols 2 per cent. The
sales were $ii3. 600.
silver certificates were weak and reacted
- per cent, to 66A. on sales of 5000.
The following table, prepared by l.. w. Lewis.
fCom IL. Board OF Trade. shows the range OF
quotations: