The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-08-13
FOREIGNERS IGNORED
ALL STOCKS sUCCUMBED TO BULL
FEVER AND SCORED GAINS.
London Orders to Sell Cut Little Fig
During the Activity-LocaI
Trade Strong and Improving.

At New York yesterday money on call
was easy at 1G1A per cent; last loan, l;
closed offered at l.
Prime mercantile paper Sal@4A per cent.
Sterling exchange was easy, with actual
business in bankers bills at $4.S53s@ 4S515 for
demand and at s4.s3a4G4.84 for sixty days;
posted rates, $4.S41kd4S6 and $4.S612q4.S7;
commercial bills $4S3.
Silver certificates, 55c. There was a fur
Their recovery of a of a cent an ounce in
the price Of bar silver yesterday. The deal
ings were at 5534c. Mexican dollars were
steady at 4215c. At London bar silver closed
fairly steady at 255sd per ounce.
Total sales of stocks were 752, 500 shares,
including: Atchison, 1900; Atchison pre-
ferred, 1880; Baltimore & Ohio, 10,22O; Ches-
apeake & Ohio, 10,O65; c., b. & O., $1,000;
c., c., C. & St. L., 3,435; Erie (new), 4,742;
Erie first preferred, 5,645; Hooking Valley
$780, Illinois Central, $3.50; Louisville &
Nashville, 1920; Manhattan, 1915; Missouri
Pacific, 6,4S5; Mobile e. Ohio, 3,O10 Missouri
Kansas & Texas, 1920; Missouri
Kansas & Texas preferred, $780, New Jer-
sey Central, 1850; New York Central, 3d.
835; North American, LOSS; Northern Pa
cific, IA, 865; Northern Pacific preferred 3d.
240; Northwestern, 3120; Ontario & West
ern, 6,976; Reading, 1880; Rock Island 21,-
ern Railway, TO- 800; Southern Railway pre-
preferred, 1O1OO; Texas & Pacific, 1920
Union Pacific 56,2OO; u. P D. & c., 1885,
Wabash preferred, 4,026; Wheeling & Lake
Erie, 1880; American Spirits 4090; Ameri-
can Tobacco, 1880; Chicago Gas. 22,4S0
General Electric, 4250; Pacific Mail, $3.50;
Sugar 5000; Tennessee Coal and Iron, g.
900; United States Leather, 4600: Western
Union, 1850; Chicago Great Western, 3, $50
The volume of dealings on the New York
Exchange Yesterday
high water mark of last Monday, transac-
tions footing up 752 900 shares as compared
with $4,000 shares on Monday. 1t was a
rampant bull market all through and the
most striking feature of it was the assured
touch with which number of long buried
and almost forgotten stocks were brought
out to the light of day and very notice
able degree of animation instilled into
them. The opening showed the lively spec
ulation in Union Pacific still unabated, with
no special news to account for It; The price
jumped to 149s, as compared with Wednes
day nights close at IL. In the first few
minutes Of trading, but did not hold at the
high point owing to the very lively selling
shares and were only slightly exceeded by
those of Sugar. The excitement in the
rise in wheat still the predominant
factor in the stock market and helped to
carry up most of the grain frying roads
a point or over. Chicago & Great Western
was exception and Jagged all day,
Ndng quite sharply on Pf3t taxing S
stantial gain, also scored a sharp loss at
the close on the announcement of the
changes in executive officers and the en-
phatic statement accompanying 1t that the
road would continue to be operated as an
Independent property. There were heavy re-
alizing sales all day in great many stocks
and such sales were the decisive influence
in heavy close There was renewal of
activity in the high priced industrials, not
ably Sugar, Tobacco and Chicago Gas.
These stocks made sharp rises, at one time
during the day Sugar touching a new high
price record at 1885, but all suffered keen
ly from reaction and became an adverse
influence IN the market statements of rail-
way earnings continued favorable, notably
Louisville & Nashville, which showed an
increase in earnings for the first week in
August of SIS, Chesapeake & Ohio with
an increase of $42 235 and Southern with an
increase of $33,449. All of these stocks en-
joyed special benefit from these statements
as well as the benefit to the general i'm
provement of values. London continued to
sell stocks here and to be ignored in the
continental exchange continues to show
weakness and to go lower. The following
are some of the significant changes in the
days trading: Atlantic 81 Pacific advanced
to liz on sales of 5000 shares. Brunswick
Mining Company rose from 1ss to "a; Colo
RADIO Coal and Iron Development Company
rose from to 5; Baltimore & Ohio
from 1914 to II; Baltimore & Ohio South
Valley from 3i5 to AZ; Central Pacific from
II to 14A Keokuk q Des Moines preferred
from 16 to 10: Linseed Oil from 1872 to 10;
II 900 shares; Quicksilver preferred from
to 1912; Union Pacific, Denver & Gulf from
Wheeling & Lake Erie from ~ to 25s
sales of $4,000 shares, and so on with other
neglected low-priced shares in less note
worthy degree. Net gains were the rule in
the active list, though the number of prom
inent stocks in which the gain attained
point is small Many less active stocks
show larger gains extending up to 6% in
Starch second preferred. There were frac-
tional losses in Tobacco, Tobacco preferred,
Brooklyn Transit, Chicago e. Great West
ern, New York Central Omaha, Tennessee
Coal and the Leather shares. Illinois Steel
declined points.
Transactions in bonds embraced an I'M
usual variety of issues. with the upward
movement which has so long dominated the
speculation unimpeded. The purchases for
continental account were very large and
included the leading investment and specu-
lative issues. Gains of a point or so were
numerous with bull sentiment very pro-
nounced at the close. The aggregate sales
were $4,000. 900 Government bonds held firm
on purchases of 81. 600
The following table. prepared by l.. W.
Louis Room II. Board of Trade shows
the range of quotations: