The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-08-24
FOREIGN BANK REPORTS
THEY EXCITE THE GREATEST IN
TEREsr IN THE STOCK MARKET.
Dealings I'm Shares Light, with Small
Mixed Caungcs-Local Trade Con-
ditions n Shade Better.

At New York, yesterday, money on call
was steady. with actual transactions 1A@
III per cent.
Prime mercantile paper, 4q5 per cent.
Sterling exchange was firm. with actual
business in bankers bills at A-SI9sqiS'A
for demand and s4.s4HG4.s4N for sixty days;
posted rates. A.S5z and Sf.SSlzg4Ss' COM
mercial bills, s4.S3hG4.S4.
Bar silver was 611sc; Mexican dollars,
4sssc; silver certificates, 6l5Q62hc. At Lon
don silver bars were 2S1sd an ounce.
Business at the Stock Exchange yester-
day was again In small proportions. Some
~irresularity occurred in the movement of
prices and net changes showed about an
even distribution Of small gains and losses.
Special movements were under way in in
dividual stocks, but their tendency exer-
cised no effect on the general list. Stocks
which have tended upwards recently con-
tinued In that direction yesterday, %particu-
larry Consolidated Gas, New Jersey Gen.
trail and st. Louis Southwestern. The lat
ter was taken on reports of a possible divi-
dend on the preferred stock. but the COM
mon shares also rose a point While no
corroboration has been made regarding the
reputed deal in New Jersey Central that
stock moved up two points, but only re-
tanned a net gain of q. Baltimore & Ohio
sympathized in the movement to the ex-
tent of about a point, but did not hold the
advantage. AT no time during the day was
there any indication of strength In the
Western railroads, which were inclined to
sag on reports of damage to the corn crop
IN Kansas. Liquidation developed In Amer
lean Ice on talk that interests said TO be
connected with the property We're dispos--
ing Of their holdings. An extreme loss OF
GfL rnt@fg n0anrraA hit QImnGf a
point was recovered in the closing
dealings. Arbitrage. houses ceased
trading early. but sold about 5.WO
cent. was made for call money late in the
afternoon, but there was no transaction at
that rate. Business throughout the day
was at the recently ruling figures of NO
IA per cent. Reductions in various grades
of soft sugars had no material effect on the
price of Sugar stock, which figured for
dealings of less than 1900 shares. The for
eign weekly bank statements. which were
published yesterday, furnished about the
only news of Importance. The statement
of the Bank of England commanded the
most attention, owing 10 the recent marked
relaxation of money and discounts in Lon
don. Bullion holdings increased $12, 4S0, $50,
mainly through the receipts OF gold from
here. in connection with the British ex-
chequer loan. Loans, however. decreased
1885. 900. The bank gained 50, l00,0 900 in gold
yesterday, comprising in part the gold for
warded from here on Wednesday a week
ago. This amount does not figure I'm the
days statement. The Bank of Frances
showing indicates that a contraction in
credits is still followed. Note circulation
decreased 81. rs. 600. and loans were reduced
$i,550. 900. Gold holdings, however, in
creased $2.240.0O. In the last half hour of
business here prices yielded and the closing
was easy in tone.
The feature of the bond market was the
heavy absorption of St Louis Southwestern
nrsts and seconds, which gained l per cent.
each Other issues were in moderate de-
mand and firm Total sales at par value
were N,a5,W0- United States government
bonds were unchanged at bid prices.
Following are the days share sales and
the closing bid quotations: