The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-05-19
FINAL PRICES GOOD
STOCKS DEPRESSED EARLY, BUT
RECOVERED AND CLOSED HIGHER.
Sugar Led I'm Activity, Closely Fol-
lowed By st. Pn~ul-Locnl Markets
I'm Better Position.

AT New York. yesterday, money on call
was easy at aa21z per cent; last loan, 2h
per cent; closed, 2G21s pei cent.
Prime mercantile paper. 1854 per cent
Sterling exchange was steady, with actual
business in bankers bills at A.sshd4SSA
for demand. and A-s71yQ4.s7A for sixty days;
posted rates. s4SsQ4@ and $i.s9iH94.90; conn
mercial bills. A-S6h
Bar silver, s7Ac; silver certificates. 6SQ
6sAc. AT London bar silver closed at 81 Lied
per ounce.
Total sales OF stocks were 1851 shares.
including the following: American Tobacco.
400: American Sugar. 81. 500; Burlington &
Quincy. 500; Chicago Gas. 5000; Louisville
& Nashville. 600; Manhattan ~consols, 1850;
ST. Paul. 1880: Union Pacific. 800.
Depression was quite pronounced in the
forenoon stock speculation. the extreme low
points being reached ABOUT midday. In the
afternoon the trading was frmer and the
final prices were at the best Of the day and
slightly above Saturdays closing figures.
The volume of business was moderate and
the distribution Indifferent, the dealings be-
ing almost entirely professional aside from
the transactions for foreign account. Per-
sistent selling Of the International shares on
European orders was a discouraging in
huence in the early operations. st. Paul be-
ing chiefly affected despite an increase of
$1. 700 In the returns for the second week in
May. Louisville x Nashville, however,
scored the most important decline in this
the professional dealers toward the bear side
and the engagement of A,100.00 in gold for
export TO Germany by to-mSrrow,s steamer
though larger shipments had been expected
TO be made The chief points OF attack We're
nTico< occurred In Than m 0nlN m0dorlfa
dealings. In this class the widest fluctuations
were recorded and In most instances the
Manhattan gave further reflection of liquida-
tion and on a larger scale than usual re-
Gently. The stock declined 2 per cent. at
the outset. but the subsequent fluctuations
tended upward and a rally of IA per cent.
from the lowest was made. Sugar declined
IS per cent, being. aside from the general
NAMED at about the lowest point The greater
p Dsr cent or the 70 d ig S eqi syent Gas w salli soms =
what more active than usual and was the
leader OF the upward movement in the late
the early drop OF a point. Louisville &
Nashville, st. Paul and Missouri Pacific
lost important fractions. but in each case
the declines were recovered and fhe last
mentioned left off at a net gain Of u per
cent. The general rallying movement was
aithonss the h MARIE msrket q dis sda q '1 decreased sed
activity on the up grade, some Of the i'm
prcvements established were extensive.
The dealings in bonds were in compare
lively small volume. but a firm tone was
noted. Southern fives were conspicuous for
strength on buying. said TO be for foreign
account The aggregate sales were $685., 600.
The principal advances Were: Baltimore &
Ohio hves and Union Elevated frsts, 21z:
Union Pacific gold skies, 2h, and Southern
fives. IL per cent.
Government bonds We're weak and frac-
tionally lower on sales OF $4,000. In State
securities $1,000 North Carolina consol fours
sold at los.
The following table, prepared by L. w.
Louis, Room IL. Board OF Trade. shows the
range OF quotations: