The Indianapolis journal., 1896-03-27
LIGHT STOCK TRADES
SPECULATION RESTRICTED TO A
SMALL PROFESSIONAL CLIQUE.
Market Felt the Effects of Higher
Prices for American securit;es-
Local Markets Quiet.

At New York yesterday money on call was
cas- at 3031s per cent: last loan, 3: closed
at 3.
Prime mercantile paper. 5G6 per cent
Sterling exchange was strong, with actual
business in bankers bills at 81 sshd4s sS1z for
demand and sfSAQ4.S7k for sixty days:
posted rates. SLSsG4sS,a and s4s9G4 S9lz:
commercial bills, 1851.
Silver certificates, 6s3sG69c; bar silver, 6s14c.
Total sales OF stocks yesterday were 1ls19f
shares. including: American Tobacco. 800;
American Sugar. n1O0: Burlington. 1860;
Chicago Gas, 16,ioo; General Electric, 500;
Louisville & Nashville. $500: Northern Pa
cific preferred. 3.4O0; New York. s. & w. pre-
aerred. 1000; Reading. 800; Rock Island.
S.a0: ST. Paul. s.400; Tennessee Coal and
Iron, 500
Speculation in stocks was agan restricted
on the New York Change yesterday. the to-
1al dealings showing only an insignificant IN
crease over Wednesdays slim total. Prices
moved irregularly. and at the voition OF the
scalpers. OF commission house operations
there was not trace. The industrial shares
were attempted to be galvanized by the usual
conf':cting rumors and suggestions but even
they lasged unrespons.ve to the ordinarily
enecuve manipulation. At the same time an
underlone OF strength. chiefly due to the COW
trilS OF short contracts, was apparent, de-
spite sales at intervals to take profits and
Toe putting out Of new lines Of shorts. The
scale. ' but the maTket W was favorsbIy d atfecsed
Dy higher prices for American securities in
London. where the fortnightiy settlement
rule, however. were confined to fractions and
"a reacti0ndry tendency developed later in
the day: Decided strength was noted in a
1ew OF the usually Inactive shares. Conso-
dated Gas being the most prominent at a
rise OF per cent Chicago Gas receded frac-
tionaly at the outset, but subsequently de-
veloped firmness and rose IL per cent. to
es's; The The stock, stock =, was the leader .i.
modest total of 5000 shares. The buving
was attributed to insiders. who have re-
Gently been steady purchasers. The street
eraf Maloney. but Chicago dispatches were
received quoting that official as SAYING that
the impediments toward the declaration of
no one expects consistency in a traders
market. There was renewed weakness,
Susquehanna & Western shares No new
arguments against the property were in
TrodIcsd however As has been noted on
anthracite coal properties have been handi-
capped ever since the present rigorous re-
strfction or production has been operative,
10 market, regardless of price, in order to
meet interest and other requirements. Yes
ouehanna ELECTED fresh officia, denais The
common stock lost a point and the pre-
1eFred IA, the latter subsequently recover
ing 1h per cent. on the official announce
ment that the payment of the April interest
was assured. Some surprise was expressed
over the nonrehecIion in prices Of an ad-
vance In actual rates Of sterling exchange
5n the forenoon to point encouraging spec
ulatfon as to possible revival of gold ex-
ports within the next two weeks.
An advance Of a half cent In the posted
quotations for .ong and short sterling
nounced by leading drawer had, how
ever, depressing effect in the late opera
tions- A general shading of prices occurred
which impaired easier tone to the clos
ang. In most cases the leading shares left
of without noteworthy change.
Railway bonds were firm dealings of
$4,000. The advances ranged from - TO
per cent. the last in Ct. Louis & San Fran
cisco consol fours- Susquehanna & West
<rn general fiyes sold down AZ per cent
Government bonds were slightly higher on
transactions OF $1,000 In State issues. So
coo Virginia centuries sold at 6l3z
The Following table, prepared by l. w
Louis. Room 13. Board of Trade. shows the
range OF quotations:
Ifub- M