The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-01-30
SUGAR In THE LEAD
DEALINGS IN TRUST SHARES OUT
RANKED OTHER TRANSACTIONS.
Tobacco Stocks Were a Close Second
TO the Leaders-Local Markets
More Active and steady.


was easy at SikQ4 per cent; last loan. 3la
closed, 3iz.
Prime mercantile paper, 6dS per cent.
Sterling exchange was dull. with actual
business in bankers bills at s4SsaQ4. SSH
for demand. and s4s7@s4.S71z for sixty days;
posted rates. s4.s71zas4 Ss1z and si.S9a$sO;
commercial bills. s4S6h.
Silver certificates. 67IzG6sc; bar silver,
671sc- At London bar silver was SOa4d per
ounce.
Total sales of stocks were POI, 672 shares,
including the following: American Sugar,
u1.400; American Tobacco, 23.7O0; Atchison.
1000; Burlington. 1900: Chicago Gas. 11.1OO:
Louisville and Nashville. 100; Manhattan.
4.6oo; Reading. $780, Rock Island, 5000; st.
Paul. 1900; Southern railroad, $500; South
ern railroad preferred, $500.
The speculative movement In stocks yes
terday was not attended by any news of
general bearing, and the widest Quotations
that were recorded were unexplained, ex-
cept in so far as professional manipulation
was concerned. This was especially true
OF Sugar, which. by far. outranked any of
the other leading active stocks in point of
activity and OF advance, and OF Tobacco,
which came second in both respects. There
was not even vestige Of gossip regarding
either Of the stocks mentioned. The larger
percentage OF business was in the indus
trials, only three OF the railroad list St
Paul. Burlington and Reading recording
noteworthy totals. London was not much
OF a factor beyond moderate selling orders.
The initial prices were generally at slight
concessions from Tuesdays closing figures
and In the early dealings pressure was
noted against the grangers. The tone Of
the market som changed to positive strength
and, under heavy purchases for both ac-
counts, advances occurred In the active
coalers. Tobacco Sugar and st. Paul lead
ing. The movement in first named was due
primarily to the prevailing impression that
the officials controlling the great anthra-
cite properties have determined not to put
an end to the generalization which has
So seriously affected revenues in the past
two years. Careful analysis Of the leading
report OF operations for December which
was published yesterday, resulted in esti-
mates OF decided improvement in the re-
turns OF al! the anthracite companies. The
publication of the preliminary annual re-
port OF the Delaware q Hudson Canal Com
Pany fell fat. probably because the news
Among the specalties Minneapolis & St
Louis first preferred rose per cent. and
able exhibits Of earnings made public yes
terday. Consolidated Gas continued its up-
ward course. rising per cent. TO 1571s. This
figure records rise thus far this week OF
scored remarkable gains; Mutual Gas is up
10; Standard common 3 and Equitable 2is
Pci nc anu III wall street
regards the strength OF the securities as al
most proof positive OF the reported impend-
ing consolidation of all New York
orders and the selling for foreign
account. previously noted caused re-
cessions after the first hour. wip-
ing out most of the early Improvement
Chicago Gas was unfavorably affected TO
the extent OF 1ts per cent by rumors OF an
advt-se decision by the State authorities
OF Illinois on the consolidation question
The denial OF the report was followed by
practically a full recovery in its price in
the late trading.
An easier tendency to the market for dry
hides and sole leather alleged to be the
reason for 2 drop OF IL per cent I'm Leather
preferred. rhe loss in this instance also
was fully made up later. Sugar was taken
In hand by the agent OF the pool. and
marked mp TO los,5 as against 1861, the early
low point The buoyancy In the stock inn
parted sympathetic strength to the general
market 81. Paul advanced 10 72lA and
Northern Pacific preferred rose ia, per cent
on increased earnings for December and the
half year. The decision of the Supreme
Court fixing the jurisdiction OF the various
judges I'm the litigation was also a factor
The closing tone was easier on realizing
sales. but the losses were fractional aside
from Consolidated Gas, which left off at
Tuesdays closing.
The railway bond market was less active
but displayed frmness. Northern Pacific is
sues moved up 2is per cent The aggregate
dealings were 81. coz 600
Government bonds ruled firm and higher
and purchases were made OF S13,0
The following table. prepared by James r.
Berry, Room TO- Board OF Trade. shows the
range OF quotations: