The Indianapolis journal., 1896-06-26
LIQUIDATION IN SUGAR
AFFECrED ENTIRE STOCK MARKET
RESULTING IN WEAKNESS.
Buli< OF the Trading wns in shares of
the Trust, Causing a sIump-Lo-
cal Markets Overstocked.

At New York. yesterday, money on call
was steady at 11zq2: last loan. 2; closed.
11z6z per cent
Prime mercantile paper. 4G5lz per cent.
Sterling exchange was heavy. with ac-
tual business in bankers bills at s4-sSQ4 .sS14
for demand and $4.S7fi4-s7A for sixty days;
posted rates. $4.sSft4-ss1z and $i-sSq4Ss1z;
commercial bills. $4-s6ik.
Bar silver, 69hc: silver certificates. 692s
Q69ssc. At London bar silver closed at
Il s-lsd per ounce
Total sales of stocks were 1851 shares.
including: Atchison. Topeka & Santa Fe.
400: American Sugar. 10000; Burlington &
Quincy. 500: Louisville & Nashville. 500;
Northern Pacific. 1000: Reading. 600; Rock
Island 1900; St. Paul. 14.1Oo. Silver certifi-
Gates $195. 900.
The New York stock market yesterday
displayed a sagging tendency which was
almost entirely due TO a renewal of liquida-
ton on Sugar on a large scale. Insiders
were evidently responsible for the course
OF tb2 stock and alternately appeared as
buyers and sellers, causing decidedly ir-
regular movement in prices. The bears
made determined onslaught against the
speciality and coincidentiy heavy blocks
OF long stock were pressed for sale. The
result was slump Of 21a per cent to 113,
the lowest point touched in the present
movement. The subsequent fluctuations
were marked by the irregularity that has
characterized the stock OF late. and it left
on within y per cent of the lowest. The
markets for foreign beet and domestic raw
sugars were firmer and the quotations for
advanced. but the speculation @ ignored these
considerations. The general market pre-
sented but few features of interest and was
show OF reviving animation in the an
thracite Goa; shares based on the statis-
teal strength OF the industry and the well.
winter season Reading was the leader in
point OF activity. but scored an unim-
portant gain On the other hand Delaware
& Hudson rose 211c, and New Jersey Gen.
trail. 17s per cent The movement OF values
generally was Irregular within narrow
range. except In a few instances; The
shares were especially noteworthy. Hook
ing Valley preferred jumped 81 per cent.
to 5SH. and New ENGLAND, nd, a1ssr rte al; q long o.
however was at a reaction to 3ec bid. with
l5c asked. Manhattan sold down IA per
to the company The list trended toward a
higher plane during the afternoon session
and although the net changes recorded
s9t ow pon as Closing was
The market for railway and miscellane-
Gus boncs ruled quiet, but the distribution
OF the business was fair and included q
number of the usually neglected mort
cages A hrm tone was generally apparent,
although some irregularity was noted.
Oregon Improvement firsts broke 2la per
cent. ostensibly on account of the efforts
TO oppose the reorganization plan Inc e
consols fves, on the other hand, gained
q sharp fraction. The advances extended
10 III per cent The sales were $6550o0.
Government bonds were dull but steady
on dealings of $4,000. Silver certificates
were strong In the early trading and rose
60 TO- the best figure that has been re-
concession occurred to 6s1z on realizing and
seller 10 options. The final sale was at
69A. The aggregate transactions were
$195.ooo.
The following table. prepared by L. W. Louis.
Room IL. Board OF Trade. shows. the range OF
quotations: Oman High Low Clos