The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-09-16
STOCKS RANGED HIGHER
STRENGTH PRONOUNCED IN sPOTS
AND DEALINGS HEAVY.
Sales I'm Silver at Small Advance and
VanderbiIts StrOng-LOcaI Mar
kets Active.

AT New York yesterday money on call
was firmer at 11aG2 per cent; last loan, 2
per cent. closed, per cent.
Prime mercantile paper 4Q414 per cent.
Sterling exchange steady with actual
business in bankers bills at $4S504 S51k for
demand and s4S27l for sixty days; posted
rates, &.S31zG4S4s and $4.S6Q4.S612; COM
mercial bills, $4.S71bG4SS
Silver certificates, 5611c; bar silver 55sc;
Mexican dollars, 43c. At London bar sill
yer closed dull at 257sd per ounce Sales OF
silver certificates representing nine thou
sand ounces were made yesterday at New
York at 567sc.
Total sales of stocks were 621, 242 shares,
including: Atchison preferred $500; Canada
Southern, 1880; Chesapeake & Ohio, 1890;
Chicago, Burlington & Quincy, 49, 700; Lake
Shore 300; Louisville & Nashville, 1850;
Manhattan, $3.50; Missouri, Kansas & Tex
as. 5,425; Missouri, Kansas & Texas pre-
ferred, 1920; New York, Susquehanna &
Western, $500; New York, Susquehanna &
Western preferred. 6,4OO; New York Central,
1860; Northern Pacific, $780,; Northern Pa
cific preferred, $500; Northwestern, 1850;
Ontario & Western, S2,1OO Reading, 1850;
Rock Island, 14,13O; st. Paul, 1920; South
ern Railway, H. 600; Southern Railway pre-
ferred, 3,4OO; Union Pacific, $3.50; Union
Pacific, Denver & Gulf, 500; Wabash pre-
ferred, 1900; Wheeling & Lake Erie, S1O0;
American Tobacco, 6,49O; Bay State Gas,
81 APO; Chicago Cas- 49, 800; Consolidated
Gas, 1850; General Electric, 1915; Laclede
Gas, $3.50; Sugar, 1920; Tennessee Coal and
Iron, $780,
Yesterdays New York market was ex-
tremely irregular, but the average level of
prices was lifted as result of the days
operations. The strength shown was very
aggressive in spots, but many of the
shares recently active in the market moved
scarcely at all. The Vanderbilts were again
a center of strength on reports of large in
creases in earnings, and most OF them ad-
Vanced a point more in the days trad
ing New York Central was heavily dealt
in. and advanced lac on the estimated in
crease in the surplus of the current
quarter of 1857 and in the reported IN
crease in the gross earnings for the first
week in September of over $1S0oOO. North
west and Omaha also continued their con-
current advance on the benefits to accrue
from the prospective increase in Omaha
-dividend the extreme rise in each exceed
ing per cent during the day, with re-
action on profit taking. Lake Shore, also
was taken in hand by the bull element dur
ing the final hour of trading and rushec
mn 2ik per cent, apparently Ior enect I'll, ~
sustaining the balance OF the marhe soistine nc
same element was instrumental IN holsllus
the price of Pennsylvania, which mas only
been listed for a short time on tne NV
York Exchange, 3Ss points, the suDSequent
reaction being about -. A jump of 20 points
in Consolidated Gas, even tnousn IL n s's LIZ 81
a limited volume of TRANSACTIONS, was n.y. w.
a nsational feature in the market. Inc
recent SPECULATION which has conferred IN
Union Pacific continued the advance IN tnlI
stock and benefited the price 10 tne ~
% Kansas
continued the strength when mas ch5I az
xerized ii in the recent speculation anu . az
vanced over a point. Reports carcuialeu VI
Isrea increases in earnings turned atten-
ton to Electric, and that STOCK rose a. oilS
time nearly 2 points. Lnese ei slIatain the
market and the advance OF St PAU ana
burlington to new high-record prices 20, iot
the wear were additional tactors. but
naverfheless there were conspicuous eXcep-
lions to the strength of the market, such
stocks as Missouri PACING, Atchlsoh pre-
ferred Northern Pacific preferred, LOUIS
vile Southern preferred, Cleveland Cincin-
natl Chicago & st. Louis ana CnestpedhS
& Ohio tagging quite heaVlly IN 'n Sai SS
vance and in some cases ciosing p '.S,
TUESDAY, A number of the lndustrlaiS We're
conspicuously weak, including sugar pre-
ferred Leather preferred, limos e 9teel,
Tennessee Coal and Bay State Gas. sugar
common. which sold eX DIVIDEND to-6SiS,
lost all of its early gain IN the eiose, t tht
coalea-s were somewhat heavy during the
day but improved slightly before the close,
apparently in sympathy with the IVely du-
vance in o. & w. and s. q w. preferred.
The latter jumped 5I2 points and reacted.
Chicago Gas and Laclede Gas were quite
strong, the former advancing nearly .
points and the latter points but both
Showing a steady tone, though very dull.
and no further hardening Of the rate Tor
money in the local market being percepti-
BILE Exchange is stin fully a cent above
the gold import point, but it seems evident
that any material rise in money rates here
would be met by gold imports and conse-
quently by check 10 the advance. one
OF the features Of the day in Wall street
tificates on the curb at 35iA. which is 9ls
points advance over the highest previous
There was considerable decrease in the
volume on bond dealings. but prices gener-
aIIy advanced. Total sales We're S2.543. 100.
United States old tours were X lower bid.
The following table prepared by L. w.
Louis. Room II, Board of Trade, shows the
range OF quotations:
Open- High Low Clos