The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-02-19
A DULL STOCK LIST
BUSINESS ON NEW YORK 'CHANGE
WITHOUT SPECIAL FEATURE.
Financing of Government Bond Loan
Causes an Unsettled Market
Local Business slow.

At New York yesterday money on call was
easy at 31k64 per cent; last loan, 31a; closed,
3h.
Prime mercantile paper. 5tk97 per cent.
Sterling exchange was steady, with actual
business in banking bills at $i.s7zG4SS for
demand and $Lse1z04s6A for sixty days;
posted rates, si.s7q4.SS and A.SS14@L.@; COM
mercial bills, sissy
Bar silver, 673sc; silver certificates, 6l19@
677sc. At London bar silver closed at 305sd.
Total sales of stocks were Isl. IA shares,
including the following: American Sugar.
3. 100; American Tobacco. 1900; Burlington,
500: Chicago Gas. 5.400; Distilling. $500; L.
& ", 1880; Manhattan, Al, 400; Missouri Pa
cihc, $500; Rock Island, $500; st. Paul. a.
500; Tennessee Coal and Iron, 1000; United
States Leather preferred. $500; Wheeling &
Lake Erie. 500.
The stock market was rather dull through
out the day yesterday and devoid of special
interest. As a result OF trading prices are
pretty evenly divided between gains and
losses, but neither are of much Importance.
During the forenoon speculation was in
good tone, and the tendency of prices was
generally upward Purchases for the for
eign account were the sustaining influences
OF the market, and additional stimulus was
given the purchasing movement by a salts
factory condition of the money market, de-
SPltc III ncdfJ dIdALlc Oh u ~
with the financing of the government bond
loan. Another element OF strength was the
almost uniform character or the reports OF
February, which In most instances show
gains Rumors which do not appear to
have any foundation, but which were calcu-
lated to move up Sugar certificates, were
put in circulation. but had little or no lifting
power for the stock The chief advances
were Louisville e. Nashville, IL, and Ten
nessee Coal and Iron, 1 per cent, the latter
on buying induced by improved trade condi-
lions. Around midday the market became
figures sagged slightly thereafter up to the
last hour OF business, when a somewhat
more pronounced selling movement set in.
which resulted in a loss of a greater part
OF the early advance and in some cases
brought figures down below the bottom fig
ceptionally weak, and fell off "a to 1919.
The other Gould shares were also heavy.
notably Missouri Pacific. which receded IA
per cent; Leather preferred Ia per cent,
on a reiteration of the unfavorable gossip
as to February dividend; New Jersey Cen
tude Of the New Jersey legislature toward
the coal combination The concessions in
the rest OF the list extended to Us per cent.
Electric. The closing was moderately ac-
tive but heavy in tone.
Tuesdays bond operations were quiet and
undressing: A firm tone prevails. how
ever. and gains were generally scored. ex-
tending to 1z per cent. in Central Pacific
skies of 1898. Duluth and Iron Range firsts
. = cCht anu CiiiCdSO O. E1fic
frsts, Chesapeake &c Ohio fves, Fort Worth
q Denver City firsts, trust receipts, and
burlington Iowa division tours / per cent.
The aggregate transactions were 81. 100, 600.
The new government coupon fours con-
tinue to absorb attention in the government
bond trading. This issue made further prog
res toward a higher level. transactions be-
Ing made at HIS, which is the best price at
tanned since the new loan was f1oated. Large
blocks changed hands at 116%d117k, the lat
ter being the closing price, and the aggre-
gate sales reaching $1,000 State bonds
came In for a little attention. Tennessee set
and Virginia centuries $500, at 6111.
The Following table. prepared by James f.
Berry. Room 16, Board of Trade, shows the
range OF quotations: