The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-01-31
TOY OF SPECTATORS
NEW YORK STOCKS AND BONDS DOM
MATED BY PROFESSIONALS.
Irregular Fluctuations, but Prices
Carry N strong Undertone - Local
Markets Growing More Active.

was easy at STAT per cent; closed at 3n3K
per cent.
Prime mercantile paper, cas- per cent.
Sterling exchange was firm and higher,
with actual business in bankers bills at
81 .SsikG4SS&s for demand and S4s714a4S7Ik
for sixty days; posted rates, Sf.s8n4 ssh
and AS91zq496: commercial bills. AS51s.
Silver certificates. 6714d67s4c; bar silver
671sc. AT London bar silver was 3O%4d per
ounce.
Total sales OF stocks were 1890 shares,
including the following: American Sugar,
A. 100; American Tobacco 1890: Burlington.
100; Louisville & Nashville, $500; Manhat-
tan Consolidated, $500: New Jersey Central.
$500. North American. 800; Northern Pa
cifc. $500; Northern Pacific preferred, 400;
Pacific Mail. 1000; Reading. 54.4oO; Rock
Island, $780, st. Paul. 1850; Union Pacihc
Traction Company certificates. 1880; Wa
bash preferred. $500: Western Union, 4'ooo'
Wheeling x Lake Erie, o,-OV
The New York stock market yesterday.
like its recent predecessors was a,In amos en- M
tireIy dominated by the manipulation OF
powerful speculative leaders. The movement
of prices was irregular at times Dut a 81 OLE
undertone prevailed IN most IN ,arS,a with
volume Of business was fairly large, VIII
Sugar and Reading dividing the nohorS s
with $1,000 and $500 respectively, the ldst
reckoned as full stock. The only other
shares that attained noteworthy activity
were St Paul and Tobacco me MAN am
consideration affecting prices uhtli neaI VIC
last hour was the action likely to be taken
nv tae presidents of the anthracite coal
railroads at the adjourned meeting III re-
lation to the report OF the special ,,Sa re-
garded by Wall street and by foreign oPSr-
ators as of paramount importance: Inc
impression that a harmonious agreemell
wo,,Id he reached was reflected In an ad-
vancing tendency in the general MARKET
London contributed toward the lmproVe .,
Of nh
various stocks. The opening was mouer-
ately active and firm. but sagging ten
dency soon developed, in which sugar was
most CONSPICUOUS. The coal stocks were
then taken in hand. and the buoyancy IN
this group was soon communicates 10 the
ssn.ma.ea and exhibIted decided strength
The bonds were also taken in large blocks
by the interests identified with the reor,
AZ; Reading, 2is; Lackawanna, Us, ana
Delaware & Hudson. rs per cent
per cent. with. Lead preferred, Consoii-
dated Gas, Manhattan, Louisville Nash
vile. Pacific Mail. Northern Pa afif Pre- ire
most conspicuous. The last mentioned rose
Ia per cent. on the progress reported In
the work OF REORGANIZATION. Around de-
livery hour the execution of realizing sales
precipitated a general reaction. the move
ment received some impetus on account 9 OF
the anthracite presidents meeting, the ST.
yer discussion in the Senate at Washing
exchange rates. In the decline New Jer,
sey Central figured for 2iz, Consolidated
Gas 2, Sugar IA per cent. and number or
other stocks for about a point. The spec
ulation left off active and weak In tone,
but with the net results gains in most IN
stances.
The dealings in railway and miscellane-
Gus mortgages were characterized by
strength and activity. with Reading issues
the striking features. The sales of those
bonds absorbed 81 $50 900 out of an aggre-
gate for the day of s., 9S1. 900. The securities
were logically affected by the expectation
Of an harmonious agreement between the
anthracite companies TO the division of
tonnage in which the Reading would be
well treated. The progress that is being
made towards the reorganization OF the
property was also strengthening factor.
The first preference incomes were most
In demand, and also made the extreme adj
vance of per cent. The improvement in
the other liens ranged from y to per cent.
Pronounced strength was also exhibited in
the Northern Pacific issues. In the late
dealings there was a general shading in
prices, in which the Reading bonds were
most prominent.
Business in government bonds was fairly
large aggregating $4,000. The market
ruled firm and the new tours, registered
advanced sharply on the bid quotation. In
State Securities sales of $4,000 Tennessee
settlement threes and 81 900 Alabama hves
were noted at slight gain.
The following table. prepared by James E.
Berry, Room 16. Board OF Trade, shows the
range or quotations. -