The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-07-29
BETTER STOCK TRADES
WHILE VOLUME WAS LARGER,
PRICES CONTINUED TO DECLINE.
Professionals Controlled the Market
and Kept Quotations Down-Lo-
cal Markets Unchanged.

1t New York. yesterday. money on call
was easy at 11zH2 per cent; last loan, 1h2;
closed at IL per cent.
Prime mercantile paper. 7GS per cent.
Sterling exchange was steady. with actual
business in bankers bills at s4.ssiza4.SsA
for demand and s4.s71zG4.s7A for sixty days;
posted rates. A.SSn4ssla and &.s944Ssls;
commercial bills. S.S7.
Silver certificates. 6skGs9Ac; bar silver.
6sz4c. At London bar silver closed at
81 lied per ounce.
The Boston banks have deposited &O5.OOO
in gold in addition TO the more than 5000
900 subscribed last week for the relief OF
the national treasury. s. w. Holmes.
cashier of the Natick National Bank. has
notified the Second National sank that
the Natick Bank proposes TO deposit 40 per
cent. of its gold with the United States
assistant treasurer in Boston.
Total sales OF stocks were 2iO.275 shares,
including the following: American Tobac-
CO. Il. 300: Atchison. 1900: Sugar. 81. 100; Bur-
lington & Quincy. 500; Chicago Gas, 1890;
General Electric. 1900: Louisville & Nash
willie. 10. 400; Manhattan, 10. 700; Rock Island,
5000; st. Paul. 3. 400, Western Union. 1890;
Wheeling & Lake Erie. 300; New Jersey
Central, 1850; silver certificates. III ,o00.
80 80
spects was the same as Monday in point
OF its professional character and sagging
tendency OF prices. The volume of BUSH
ness was. however, fairly good. judged by
recent Standards, but the increased deal
ingS were not Que TO commission orders
LOrdon was d fairly large seller through
out The distribution of the trading was
better than usual recently, and consider
able attention was paid TO some Of the
usually neglected shares, in every instance
AT the GXDRn(R OF values The ODen1nK WAS
weak In response 10 lower London prices
for the international stocks and selling for
pecially of st. Paul and Louisville a. Nash
willie. The initial declines ranged vi 20 &c.
with Leather preferred exceptionally. drop
ping rs, 10 4f4. Manhattan at the low
point attracted some covering demand. and
rallied a point. to 81. After inc first fifteen
minutes the market became apathetic. The
radical cuts In railroad rates in the South
and West. the practical failure to float the
several blocks of New York city and Brook
lyn bonds offered Monday and yesterday.
and the lack Of commission business at the
declines alt created an unfaVorable impress
sion, which was not relieved later In che
day by the announcement that the principal
rate disturber i'm the South had been en-
joined from continuing the slaughter OF
rates. The Burlington statement tor June.
showing an increase in gross earnings of
$227. 736. an Increase in net earnings OF $32,-
OIL and a decreased deficit of S2i.9!6. was
more favorable than had neen expected
ket continued feverish the greater part of
the day. and the extreme low points repre-
scented declines from Mondays iinal figures
extending 20 SIS in Consolidated Gas Sugar
led the active stocks with TN extreme loss
of 2s per cent. and closed at the lowest.
The other more important declines ranged
from rs TO ~ per cent. In the inactive
list Wheeling AZ Lake Erie was unusually
prominent and sold off "a. to :. Chicago
Great Western dropped pa. TO 5s4. but
rallied TO I. Iowa Central preferred and
Lake Erie & Western preferred lost 2 per
CENT each. and other sDecialties declined
to a less extent.
Trading in bonds was dull. but marked
weakness prevailed generally. The sales
were 1850 0 The principal losses were:
Rock Island debenture fives. ga: St. Paul
& Sioux City frsts. Toledo. st. Louis 81
Kansas City first trust receipts. Rochester
& P%ittsburg consols and Oregon Improve
ment hrsts. 3: Burlington NEBRASKA di-
vision) tours. $40: Iowa division fours. 2;
Peoria & Pekin Union seconds. 2l5: New
York Central debenture fives. pa. and Kan
sas & Texas seconds. Northern Pacific con-
sol ives and Reading second preferences, 2
Der cent.
Government bonds displayed marked
heaviness on dealings of sl0l. 900. In State
issues South Carolina nopfundables sold at
i for $25. 900. Silver certificates were dull
but steady on transactions of $l2. 600.
The following table. prepared by l. w Louis.
Room IL. Board OF Trade, shows the range oI
quotations.