The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-06-26
HEAVYTRADEON CHANGE
VOLUME OF SALES THE LARGEST OF
ANY DAY OF THE YEAR.
Some Notable Advances Until An
nOuncement of Gold Shipments Was
Made-LOcaI Markets Firm.

AT Ne" Aoik yesterday money on call
was easy at lqlA per cent; last loan,
l; closed, 1a1A.
Prime mercantile paper, 3d4 per cent.
Sterling exchange was easy with actual
business in bankers bills at $4S714G4.S 71h for
demand and at $4S6@4 S6A for sixty days;
posted rates, $4S7Q4S71a and &.SSa4SS1a;
commercial bills, $4.S5A
Silver certificates, 60lsd6O5sc; bar silver
60lsc; Mexican dollars. 479sc At London
bar silver closed quiet, at q 9-16d per ounce.
Total sales Of stocks were 325, 900 shares,
including: American Tobacco, $500; Ameri-
can Sugar, $500; Burlington, 80, 200; Chi
cago Gas, $4,000; Louisville & Nashville.
400; Manhattan Consolidated $500; Mis-
souri, Pacific, 5000; Northwestern 5000:
Northern Pacific preferred. $500; Omaha,
400; Reading. 1900 Rock Island %, Geo: ST.
Paul 37,100 Union Pacific 1900; Western
Union, 1890; Southern Railway preferred.
400.
Many thousands of shares of stocks were
bought on the New York Stock Exchange
yesterday at prices materially above Thurs
day nights closing price, the advance ex-
tending to a point or over in many promi-
nent stocks. But the market sold off later
in the day on account of apprehension
caused by the large volume Of the gold
shipments by to-day's steamer, 81. 300 600 in
all being engaged for export. Additional
uneasiness was caused by the fact that the
whole amount taken from the United
state SuDtreaSury, or from the assay Office
in bars, and no part from the banks or
from private sources as has been the "a &C
with most of the recent shipments. The
decline in the price of stocks which result
Cd was very marked, offerings TO realize
being very freely made for time. and the
heaviness extended all through the list
The decline, however. brought dullness and
a diminution Of offerings, indicating the
undertOne OF strength in the market The
weeks gold shipments now amount to
$,SO0,oO0, which is larger amount than has
gone out in any one week since the first
week of the present movement that ended
May S, when the exports were 100000 The
subsistence of apprehension on account of
gold exports in the stock market has been
mostly due to the stability shown by the
gold reserve in the United States treasury
for several weeks past, about $l44 100000 in
lace OF continued exports OF gold by eX-
change houses. The amount of gold in the
treasury at the close of business Thurs
day was $142, 1888 1856 which is considerably
gold movement began. OF course, yester
days additional Withdrawals of 81 600 do
not appear in the above statement of gold
in the treasury. The sterling exchange
market was easier, under offerings of bills
against the gold shipments, siXty-day bills
receding "A, to $4.S6. But it is expected that
there will be sufficient demand to stiffen
exchange rates next week, with further
gold shipments as a consequence. Inc sup
ply of exchange in the market is, in fact
very meager, and am extra demand has to
be met by gold shipment The volume of
dealings larger than ON any previous
day of the year. the total sales of all
stocks reaching 325,000 shares, but nearly
two-thrds OF that amount was absorbed
by Sugar, the grangers Chicago Gas and
Bay State Gas. There were $1,000 shares
of Sugar and about $4,000 shares each of
St Paul and Burlington sold during the
day Sugar and the grangers led the adj
vance, but the list generally reacted to be-
low Thursday nights close showing net
4hp daxr
partially and closed with a net gain of
liz. Rock Island is the only one of the
granger group to show net gain Which
amounts to IS. Manhattan and Western
Union gained q net each, and New York
Central small fraction; Northern Paclhc
was weak on rumors OF matt IN the ar
rangement for putting into executive con-
troll those in harmony with Great Northern
interests Union Pacific reacted on the ac-
zion of the United States Senate commit
tee in favor of suspending proceedings 10
sell the United States interests TO a syndl-
cate The more notable gains in the early
advance We're: Sugar, rs, ana IGpac9co,A pay
State Gas. Northwest, Rock Island Man
haitian and New York Central, point or
over. Losses, which are fractional, gener-
ally extend to point in New Jersey Cen
tral and New York. Chicago & St. Louis
OF the inactive stocks, Chicago q Eastern
Illinois preferred gained . points; no
Grande Western preferred; IA; oInaha pre- pre-
ferred, 8: Tobacco scrip, z, ana Erie 1ele-
graph Minnesota Iron and Northwest pre-
ferred, a point.
animation. the transactions exceeding ~
O6N GOO The buoyancy was apparent in a
variety of issues with some sensational
advances noted in the usually lnactiye
mortgages particularly Missouri Paclnc
collateral fves. winch rose IL per cent, to
S. The low-priced bonds generally aus
played aggressive strength, with purchases
If Tho Silt-edge liens by investment in
ferests. tending to accentuate the, upward
movement which has been in evidence Tor
- iong time Government bonds We're
Silently higher on transactions, block or
100000 of the flves coupon changing hanos
at llil2. .., -, w
Louis. Room II, Board of Trade, shows the
rappe Of OuOtatiOuS: