The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-09-03
BULL CLIQUE IN STOCKS
SHARES SUCCESSFULLY MANIPULATE
ED FOR PROFIT TAKING.
The Entire List Remained Strong,
with Active Trading i'm Changers
Local Business steady.

At New York, yesterday, money on call
was easy at 1Aq1h per cent; last loan,
~; closed. 1Aql1a.
Prime mercantile paper, 3I2@412 per cent.
Sterling exchange was firm, with actual
business in bankers bills S4S534Q4.S6 for de-
mand and at $4.s39l tor sixty days; posted
rates, $4.S41zn4S512 and $4.S612Q4.S7; CONNER
cial bills, S4.S21z.
Silver certificates, 515sc; bar silver, 512sc;
Mexican dollars, 41c At London bar silver
closed steady at 2324d per ounce.
Total sales of stocks to-day were 1854
shares, including: Atchison preferred, 49,
140; Canadian Southern, 26, 720; Central
Iowa, $500; Chesapeake & Ohio, q, S2O Chi
cago, Burlington & Quincy, 1885; Cleve-
land, Cincinnati, Chicago & ST. Louis, $780,
Delaware & Hudson, 400; Louisville q
Nashville, $40; Michigan Central, 4,OOO
Missouri Pacific, $500; Missouri Kansas q
Texas preferred 1920; New York Central
$3.50; New Albany q Chicago preferred
S,4O0; New York, Chicago q st. Louis sec
ond preferred $500; Northern Pacific pre-
ferred, $3.50; Northwestern, 22150; Ontario
d Western. 1892; Reading, 1880; Rock
Island 1890; st. Paul, 50,l2O; st. Paul az
Omaha 1920; Southern Pacific, 3.400;
Southern Railway, $500; Southern Railway
preferred, $685.. Texas Pacific. $3.50; Wa
American Cotton Oil preferred, $780, Ameri-
can Tobacco. 24,24O; Bay State Gas, 1880;
Chicago Gas, 24,7lO; c., f. & l., 1870; Cen
eral Electric 1856; Lead, $500; Pacific
Mail, $4,000; Sugar, 1858; Tennessee Coal
and Iron, $500; united states Leather pre-
terred. 4,4vO; Western Union, 1880; Chi
cago Great Western, 2,2O0
Inc character OF yesterday New York
stock market was very similar TO that OF
Wednesday, Individual stocks being rushed
"A
market, while realizing was efIected IN
otner parts of the list Inc Vanderbilt
stocks were selected to-day for manipula-
ton, and the price of each member or the
group was SucceSSVely raised, Wnlle In the
STOCKS recently favorites in the speculation
heavy oHer1ngs were made to reailze. Inc
success oil these tactics Is shown by the
small decline in the general list The
manipulation for a rise was not in evidence
at the opening, Sugar being subjected to a
raid which carried II down nearly points.
Omaha also opened points below w ednes-
day nights cIose, ana Missouri Pacific was
down nearly n pont. Later IN the day
Northwest was taken in hand and rushed
up to 12a12, jump of points Other ad-
vances in the Vanderbilt group We're:
Canada Southern, Az to 60; Cleveland
cincinnati chicago d st. Louis, 31s, TO AZ;
Central. rs to llO19. and New York. Chi
cago q st. Louis stocks, the common rising
nearly points, the first preferred Az and
the second preferred S1a. Chesapeake ~
Ohio benefited fraction in sympathy, but
as it Is one of the stocks which has been
was subject to pressure by realizing offer
ings. Colncident with the buoyancy in the
Vanderbilts. the grangeTs and the active
railway list sank to the lowest of the day,
Rock island, st. Paul, Burlington, Missouri
Pacific, Atchison preferred and Northern
Pacific preferred being all notably affected
the first named to the extent of over
point. Later in the day these stocks re-
covered somewhat from the lowest, and the
Vanderbilt stU-As except New York Cen
tral, declined very materially from the nigh
est. There were other stocks which showed
special strength all through the list, es-
pecially among the induStrials. Chicago
Gas touched 1864, a new high record, but
reacted point. Pacific Mail rose 2A but
reacted r. Western Union also was active
and strong. Other notables gains were: ST.
Paul q Duluth preferred, Pullman and Chi
cago Great Western preferred A, points
or over; Rio Grande Western preferred 334
Colorado Fuel, Flint & Pere Marquette pre-
ferred and Minneapolis & st. Louis second
preferred, points or over and Cotton Oil
and Oregon Navigation preferred over "a
point. Hooking Valley preferred lost 1; Ma
tIonal Starch second preferred, 8; Omaha
"a; Metropolitan Traction a point and
Canada Pacific a point. The net changes
are mixed, the grangers and some others
showing small gains and many active rail-
road shares losses.
There some falling off in activity in
the bond market. but prices We're steady
The total sales were 81 600. Government
bonds We're steady. Total sales, $4,000.
The following table prepared by l.. w
Louis, Room IL, Board of Trade shows the
range of quotations: