The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-11-13
STOCKS QUIET AND FIRM
SUGAR TRUST SHOWS DECLINE OF 80
POINTS IN TWO MONTHS.
COaIePs and Southern Railway Shares
Advancing-LOcaI Markets Salts
factory in Most Lines.

At New York yesterday money on call was
easy at 112@2 per cent; last loan, Ia per
cent; closed, 11A01A per cent
Prime mercantile paper, S12Q4h per cent.
Sterling exchange was strong, with actual
business in bankers bills at $4S519@4.S524
for demand and at $4.s25sN4.S27s for sixty
days: posted rates, $4.S31zq4S61@; commercial
bills. S4.S2.
Silver certificates. 57lza5S1zc; bar silver,
571ac; Mexican dollars, 45c. AT London bar
silver closed quiet at 265sd an ounce.
Total sales of stocks We're 247, 100 shares.
including: Louisville & Nashville, 450S;
Manhattan 4,SeS; New Jersey Central. s.,
1856: Northern Pacific preferred, 3615;
Northwestern, 3,215; Reading, 47SO; Rock
Island 1,57; st. Paul, 22,35O; Union Pa
cific, 1882; Bay State Gas, $500; Peoples
Gas, q, 010; Consolidated Gas, 3,435; Sugar,
So $50; Chicago Great Western 3725.
Yesterdays New York stock market was
entirely without animation at any time The
preliminary drive at Sugar and one or two
subsequent raids against that stock failed
to dislodge any great offerings and the sub
sequent dealings in that stock showed
Mreatly diminished activity and firmness of
tone. Its losses were all recovered and the
close showed a net gain of a small fraction.
The low price for the day, which was 1864,
was a new low point on the present move
ment Sugar was easily the leader of the
list in point Of activity, and absorbed one
third of the total dealings. The coalers
showed some strength on account of the
approaching cold snap They were helped
also by reports of restriction of output by
individual companies. New Jersey Central
led this group and advanced at one time
ga points, but closed at a reaction of about
a point Consolidated Gas fluctuated wildly,
rising 2 points, receding Az and closing at
a net decline of 112. Outside of these the
features of the market were without par
ticuIar interest. There was some continu-
ance Of selling for the London account, es-
pecially of st. Paul. and this was about the
only unfayorable factor in the news OF the
day. The, result of the days trading Is TO
bring the level of prices back to ABOUT the
same level as that held before the very
sharp decline of last Friday. The upward
tendency in the general list was assisted
by the continued favorable character OF
railroad earnings reported for the first
week of November. The increases were
especially marked in the reports of South
ern and Southwestern roads, which are pre-
sumably affected by the heavy cotton
movement due to traffic now coming for
ward which was delayed by yellow fever
quarantine The Southern Railway led In
the amount of its gain with an increase f OF
year, the percentage of increase being ABOUT
H. The Central of Georgia, with an increase
of $23377, shows the higher percentage of
about 90 The activity in the soft coal traf-
fc is reflected in an increase of $4S,66S or
over q per cent. in the earnings of the
Norfolk & Western, and of $l8,5OS, or over
100 per cent, in those of the Cleveland, Lo-
rain & Wheeling The days net gains are
a point or in some of the grangers
and other prominent active stocks and are
nearly points over in the coalers.
The bond market was moderately active
at higher prices. The new Lake Shore 31es
sold at 105A the highest on record. Total
sales amounted to 81 $4,000. United States
registered tours and the fives coupon were
advanced Il bid and the new fours "a bid.
The following table, prepared by l.. w.
Louis Room II. Board of Trade, shows the
range of quotations.