The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-05-09
TRADING ON NEW YORK STOCK Ex-
CHANGE ONLY FAIR IN VOLUME.
Tobacco Trust shares Unloaded In
BIocks-Local Markets Continue
steady and Encouraging.

At New York yesterday money on call was
firmer. at 294 per cent; last loan. 4: closed,
4 per cent.
Prime mercantile paper. 4G5lz per cent.
Sterling exchange was firmer. with actual
business in bankers bills at $iSSAq4s9 Tor
demand and s4sza4ss for sixty days; post
ed rates. s4.sslza4.s9 and s4.s91zq49o; COM
mercial bills. s4S.
Bar silver, 677sc: silver certificates. 617sg
CSC. At London bar silver was Sid per
ounce.
Total sales OF stocks were 1928 shares,
Including: American Tobacco, Is. 500; Atchi-
son. 3.700: American Sugar, $500; Baltimore
& Ohio. $500; Chicago Gas. $500; Distillers,
5000: General Electric. 1880; Louisville &
Nashville. $500; Rock Island, 800; st. Paul.
1880: Tennessee Coal. 1900.
The New York stock market yesterday
showed some improvement In the volume or
business. although the trading was irregu-
larry distributed and the activity was in
spots. London prices came lower. and sales
for foreign account were executed owing to-
the distrust entertained by foreign investors
and speculators. The traders also offered
stocks freely. being party Influenced by re-
ports Of unfavoranie crop conditions The
stocks confined 10 fractions, the more
important Of these losses being scored by the
the indictment OF the officials OF the Ameri-
can Tobacco Company. referred TO Thurs
day caused large blocks OF the stock to be
pressing the price rs per cent. 10 62ss.
Sugar, General Electric and Rubber pre-
offerinss 81 the irst named sn Dom on scaIe-doWn
owing to the reductions in the prices OF the
foreign grades OF the product, and reported
Der continues to feel the influence OF the
rnmors or impending strong opposition. The
be shipped to PARIS today VAS H made sSe snor IV
after the opening OF business on the Stock
Exchange yesterday. and. at the same time.
1y large amounts OF gold made positive state
mentS that they would not ship. This condi-
ZION ZION OF o, a an GneckeT the downward tend,
included louisville 4 Nashville and Atchson
stocks and bonds and other speculative
onds and Southern threes. After the first
1our, except for few scattered weak spots.
the market began to improve, the advances
instances The shorts were disposed to
cover cover and fair AMOUNT Of buying for long
initiative in the rallying movement. and
nearly all OF the previous declines were re-
covered: Rubber common made a net gain
o. per cent, Tobacco improved to 643s and
SUGAR advanced TO 1925. against 121at the
early low point
lys but in the speciaties Louisville e. New
Albany advanced point. A furry in money
Iate IN the day occurred. call funds touching
= per cent, but there was no special refec-
ton OF this incident In the speculation The
market closed strong al the best ffgiires gem
orally net gains being recorded.
The bond market displayed a sagging tend
ency. and was less active. Foreign selling
caused sharp losses in some instances. but
toward the close rallying tendency devel-
oped. in sympathy with the stock market.
The principal net losses ranged from / to 3
per cent. the last in Wisconsin Central
nrst trust receipts. The sales were 1892 O0O
government bonds were weak and lower
on sales OF 81 900. In State issues TRANSACT
Mons we're 10000, at unchanged prices.
Louis. Room 13 Board OF Trade. shows the
range ouof a fonz- - -