The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-02-20
THREE ACTIVE STOCKS
But THE LIST ON CHANGE SHOWED
LITTLE BUSINESS.
st. Paul Led the Dealings, with Sugar
Trust N~cxt-Local Markets Dull
and Prices Lower.

At New York yesterday money on call
was easy at 2GS per cent; last loan. 9;
closed, 2
Prime mercantile paper. 5kG7 per cent.
Sterling exchange was heavy, with actual
business in bankers bills at s4.S71sqi.s7A
for demand and sLSSAa4.ssh for sixty days;
posted rates. A-s764.s71s and A-sAa4ss;
commercial bills. st.8%.
Silver certificates. s7ZaoSc. Bar silver.
SIC. At London bar silver closed at 3 15-l6d
per ounce.
Total sales OF stocks were les. 152 shares.
including the following: American Sugar,
1880: Burlington, 1900: Louisville & Nash
Vile. BIO; Missouri Pacific. $500; Rock
Island. 500; St. Paul. 1890: Union Pacific
certificates. $500; Wheeling & Lake Erie.
500.
The stock market Wednesday was a purely
professional affair and the dealings were
unrelieved by news of an especially inter-
estins character. London was an Indifferent
factor. trading in a small way on both sides
of the account. Only three stocks made
even an approach to activity and these
were st. Paul. Sugar and Burlington. the
hrst mentioned leading with 1920 shares.
The news OF tina day consisted chiefly Of
the declaration OF the regular quarterly divi-
dends On Burlington and National Lead
preferred. reports OF earnings. including the
exhibit of the Union Pacific system. for De-
ccmber, sh owing an increase in gross Of
$l63. 90, an increase IN net of $22.544 and an
increase in net for the year Of $1,S6l 500. A
slight decline in actual rates of sterling
exchange was also noted. Some influence
was exerted, but chiefly in the government
bond market by the announcement from
Washington that the j. p Morgan syndi-
cate would be awarded about A.7O0,OU of
bonds, payment of the installments on which
had been defaulted by the parties TO whom
they had been originally allotted The news
OF the Burlington dividend, though fully an
ticipated, was followed by an advance or
III per cent. in the price of the stock and
contributed to the general frmness or the
market. The opening was quiet and slightly
higher quotations for American stocks in
the London market. The early gains were
mainly fractional and were the more inn
portant in the granger stocks. The room
traders, around midday, assisted by realiz-
ing sales. succeeded in bringing about de-
clines. unimportant except IN the case of
Sugar. that stock yielding rs per cent. The
statistical reports regarding the Sugar in
dustry continue encouraging and further ad-
vances in various grades were noted to-day.
Shortly after L D. m. the market exhibited
a rallying tendency on a moderate in
creased volume of business. Manhattan
Union Pacific and Louisville & Nashville,
"a per cent. The closing was strong in tone,
with fractional net Improvements general.
buStntSS III IdlANdy liz
mortgages was on an enlarged scale, the
sales a~ggregating $2,119.0 900. The dealings
were attended by decided strength with the
Northern Pacific issues the features both In
point of activity and advance. st. Louis
K San Francisco trust hves were. con-
spicuous by a break OF 4 per cent. and sub
sequent rally OF 3A per cent. Tn principal
advances were: Wisconsin Central first
trust receipts. 2; Chicago & Northern Pa
cifc first trust receipts and Northern Pa
ciac seconds, 1%: Northern Pacific thirds. 4:
Northern Pacific consol fives, IA; Northern
Pacific trust receipts, 1is; Wabash seconds,
Ia. AMI Union Pacific, Denver & Gulf frsts.
/ per cent
Government bonds exhibit continued
strength. The new tours, coupon, were
again to-day the leaders and on purchases
OF $l.63s. 900 rose e per cent, to HTS, as
compared with yesterdays final price. The
other issues were also marked up sharp
~. The aggregate sales were $.6si, 200.
Trading in State securities was without
noteworthy change in values on dealings of
Sc. oC0-
The following table. prepared by James r..
Berry. Room 16. Board of Trade. shows the
range of quotations: