The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-09-09
STOCK MARKET LIVELY
EARLY WEAKNESS GAVE WAY TO
GENERAL TONE OF STRENGTH.
Consolidated Gas Led I'm the Advance
and AtchisOn i'm Activity-LO-
cal Trade Unchanged.

At New York yesterday money on call
was easy at 1A@1h per cent; last loan,
IL per cent; closed. 1A@11A per cent.
Prime mercantile paper, S34@415 per cent.
Sterling exchange was firm, with actual
business in bankers bills at $4s6Ag4S61s for
demand and $4S32td4S4 for sixty days;
posted rates, $4.s4kG4s511 and $4.S615Q
$4.S715; commercial bills, $4S3. Silver GER
tifcates, 5sa54c; bar silver, 53c; Mexican
dollars 42Ac. At London bar silver closed
steady at 25d per ounce
Total sales were 5976 92 shares, including:
Atchison. 1890; Atchisen preferred, 7,S25;
Chesapeake & Ohio, $500; Chicago. Burling-
ton & Quincy, $3.50; Cleveland, Cincinnati
Chicago e. st. Louis, 3.255; Erie new, 1886;
Illinois Central 111OO; Louisville & Nash
Vile, 1880; Missouri Pacific, 5000; New
York Central $40; Northern Pacific. 1885,
Northern Pacific preferred, 80, 500 Reading,
1850; Rock Island 712O; St. Paul, 54,22O;
Southern Railway preferred, 1925 Texas &
Pacific 6,165; Union Pacific, 6,430; Union
Pacific, Denver & Gulf, II. 49, Wabash pre-
ferred, $3.50; American Tobacco, $780, Bay
State Gas 1880; Chicago Gas, $3.50; Lead,
1900; Pacific Mail. 1926; Sugar, s., $780, SUI
gar preferred. 307O; Tennessee Coal and
Iron. $3.50; Western Union, $500; Chicago
Great western, 0,9VO
Yesterdays New York stock market was
very irregular, but it was much less under
manipulation than for over a week past,
and the general tone was one of strength.
There was realizing on a large scale all
day, but the offerings for this purpose were
more naturally absorbed. There was no
one stock lifted by sensational jumps to
stimulate buying of those realizing offer
angs, a condition in marked contrast to the
ern Pacific preferred, which was the stock
under manipulation for rise yesterday,
and lost q point of its gain, the common
stock showing a fractional advance. The
course of tte market was downward at the
opening, the internationals and grangers
leading. in sympathy with the declines in
Americans on London exchange. Strength
developed in a number of stocks which
Btemmed the decline and carried prices to
the best of the day. Profit taking at the
close caused the loss of part of the gain,
so that net changes in many of the leading
shares are of very narrow proportions. The
decision of the Atchison directors to pay
3 per cent. on the adjustment bonds out
of the earnings for the year ending June
30 directed attention to the securities of
bonds We're very active and very strong
all day. The preferred stock, which has
been held down by realizing sales for some
time ga points from the lowest. Profit
taking at the close reduced it's net gain
TO ~ per cent. The adjustment bonds
nine thousand shares of the preferred stock
sold during the day. New York Central
than recovered 1t on the publication of the
statement of August earnings, showing an
very narrowly all day. and showed a large
falling off in activity, except st. Paul,
which came next TO Atchison preferred,
with sale of fifty-three thousand shares.
The stock declined fractionally at the open
ing, but rose strongly 12s and fell off a
fraction at the close on profit taking. Sugar
subject a
became known that the directors had de-
clare6 only the regular quarterly dividends
of per cent. on the common and IA per
pent. on the preferred stocks. 1t had been
Tumored that an extra dividend would be
declared. After rising to 1864 after the
opening the price fell TO 15S and fiuctuated
in very erratic manner, but closed at a
recovery of over points. The preferred
stock also fell over points Notable gains
were made by the Lead stocks. the COM
mon gaining nearly points and the pre-
ferred 3 points. Illinois Central gained
in the earnings. Louisville. Southern
preferred and Mobile q Ohio recovered q
point or over of their early depression,
which was due to the yellow-fever scare:
There was some movement in the stocks of
soft-coal roads on prospects of a settlement
OF the miners strike. Wheeling & Lake
Gas jumped points over Wednesdays
high-record price of 2o7A; Other, notable
Eastern Illinois, 10. and Cleveland, Cincin-
natl, Chicago & st. Louis preferred, g.
ferred lia and Oregon Navigation preferred
point
Dealings in bonds were of large proper
lions and at higher prices. Total sales were
sI.5O0000 The Atchison. Northern Pacific
and Union Pacific Denver g. Gulf issues
absorbed the bulk of the dealings. United
States bonds were higher. the old tours
coupon being quoted at 1884 bid, rise
Of Il.
Louis Room IT, Board Board Of e Trade Shows the
range of quotations: