The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-07-31
SILVER UP AND DOWN
ADVANCE OF &c, FOLLOWED BY A
DROP OF HALF A CENT.
Brisk Trading in Bonds on the New
York Change, transactions Ag-
grcgating Over $4,OOO,OOO.

Silver was strong yesterday on the adj
vance of 7-16d, to 267sd, in London. At New
York bar silver jumped &c, to 5S3sc, rise
of full cent for two days above the low
record price of July 2S, when it touched
5I9sc. Mexican dollars were up 3sc from
their low quotation record Thursday Silver
certificates closed at 5705Sl2c. Bar silver
receded to 577sc and Mexican dollars to 45c
at the close. This drop in the price of bars
to within 1Ac of the low point of July Is
and the fall in Mexican dollars to the low
est point yet reached, is thought to be due
to shorts. who have found it easy to cover
and sold short again in the late trading
The closing price at London was 26 11-16d
per ounce
at New York, yesterday, money on call
was steady at l per cent, the last loan
being made at per cent; closing offered at
j per cent.
Prime mercantile paper 3a4 per cent.
Sterling exchange easy, with actual bust
ness in bankers bills at $4S7A for demand
and at A.S6B for sixty days. Posted rates,
$4Sq4S712 and $4SSq4SSh. Commercial
bills. $4,8511.
The aggregate sales of stocks at New
York yesterday were 2S2, $50 shares, includ-
ing: Atchison preferred, 12.19S; Baltimore
q Ohio, $780, Chesapeake & Ohio, 13 2l5;
Chicago, Burlington & Quincy, Is, 1874;
Louisville q Nashville, 9,709 Missouri, Kan
sas & Texas preferred, 3455; Missouri Pa
cine, $3.50; North American Company,
9Ol; Northern Pacific, 4790; Northern Pa
eitic preferred, 36977; Reading 1924; Rock
Island 599S; st. Paul, Is, 625; Southern Rail-
way preferred, 1891; Wabash preferred,
5,545; American Tobacco, 4762; American
Spirits, ISIS; Chicago Gas, 6,S77; ConsoIi-
dated Gas, 1857; General Electric 3175:
sugar l$35; Western Union, 1861; Chicago
Great Western, 9,446.
Bonds were the star performers in yester-
Day S market at New York the volume of
trading therein being the largest in long
time, exceeding $4,000, co., par value. Mort
gage securities were generally strong spe-
cal animation being shown in those of re-
organized roads and those undergoing re-
habllitation. Stocks were considerably less
active than usual, but bore up fairly we'll
under the announcement of the enga cement
Tor export of some $4, 100000 of gold which
was larger than anticipated sustaining
feature was the pronounced strength in
wheat and European engagements of some
$4,000 bushels of wheat from outports The
standard securities moved very NARROWLY
as, in fact, did the priced shares. Sew
eral usually active securities, such as Del
aware d Hudson, Jersey Central, Sugar
ana Tobacco, failed to fluctuate beyond
point. The foreign trading consider
ably mixed. 1t being on the eve of the holt
days IN London, trading was restricted
Lhere, and such as there was came mainly
from New York buyers. and the market
abroad closed firm. The gold exports were
partly due to three-months bills in settle
ment. of ApriIs large importations, now
becoming due. Northern Pacific preferred
was the most active stock in the list and
advanced 19s on favorable earnings and
buying by interests in harmony with the
president of the Great Northern. The ru-
NOR was revived that Daniel Lamont would
be announced as the president of the North
ern Pacific next week. Consolidated Gas
rose eight points and sustained all but a
fraction of the gain on purchases by the
same houses interested in the pending
SolSation of East River and Equitable Gas
m n lNn nj Cxuc rai nod
and EQUITABLE sold at 200. st. Paul only tenn
porarily responded to the statement for the
fiscal year. showing that about 1-3 per
cent. had been earned on the common stock.
Some of the loW-priced stocks which have
thus far failed TO participate in the recent
rise, such as Chicago Dc Great Western,
North American and Baltimore & Ohio
were more active and showed a fractional
improvement. The reorganiZed MonOn
stoCks-Chicago, Indianapolis &, Louisville
were dealt in for the first time to-day. The
quotations were 9&4M10 for the common
26l2M2S for the preferred and so was the
ruling price for the per cent. bonds. The
principal advances for the day not hitherto
mentioned were: Ann Arbor preferred, A.
Rubber preferred, 2; Tobacco, Denver q
Rio Grande preferred, Detroit Gas, Erie
Telegraph, Illinois Central Mobile & Ohio
Morris & Essex, and Pittsburg, Cleveland
Cincinnati Chicago q st. Louis preferred
while the losses were Rio Grande * West
ern, z Rio Grande & Western preferred and
Des Moines * Fort Dodge
The bond transactions were again of large
dimensions, with the animation attended
by higher prices throughout The specula-
tive bonds were heavily traded in, with
foreign purchasers of Atchison adjust
ment fours on large scale. Kansas City
consols and Oregon Short-line issues also
gained substantially. The aggregate sales
were 81, lis 600.
Governemnt bonds were neglected but
hardened appreciably on bid quotations.
The following table, prepared by l.. w.
Louis. Room II, Board of Trade, shows the
range of quotations: