The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-07-15
SEVERAL MARKED GAINS
AMERICAN SECURITIES AND STOCKS
BOTH IN FRESH DEMAND.
New High Record at the Close in st.
Paul Preferred-LOcaI Mar
kets Satisfactory.

At New York yesterday, money on call
was easy at 1d1A per cent; last loan,
per cent; closing offered at l per cent.
Prime mercantile paper, 3Q4 per cent.
Sterling exchange was steady, with actual
business in bankers bills at $4S7ll4 S714 for
demand-and at $4.s6@4.s614 for sixty days;
posted rates, $4.S6d4.S61a and S4.SSQ4SS12;
commercial bills $4.S5i2
Silver certificates, 607sc; bar silver, 6O1sc;
Mexican dollars, 47c.- AT London bar silver
closed dull at q 9-16d per ounce.
Total sales of stocks We're .27S, 100 shares,
including: Atchison preferr'sd, S451; Chi
cago, Burlington 81 Quincy, 1850; New
York, Susquehanna & Western preferred,
1895; New Jersey Central, 52S8; Northern
Pacific preferred, $685.; Ontario & West
ern, $685.; Reading 1900 Rock Island, 1851 !;
st. Paul, 41,625; St. Paul & Omaha, 1850;
American Tobacco, 81, 1888; Chicago Gas
500; Sugar, 49,4S3; United States Leather
preferred, 1890
The New York security market yesterday
continued 10 exhibit strength on widely dis
tributed dealings. The grangers, the usual
market barometer, on favorable crop adj
vices, scored marked gains st. Paul COM
mon crossed s., which price it has not
touched in ten years. The preferred also
made new record reaching 14G3s, while
Northwest preferred equaled Tuesdays top
price record of 100 London unexpectedly
changed its attitude on ST. Paul from a
persistent seller to a buyer and marked il
UP p above the New York equivalent at
the close yesterday. This was regarded as
foreign covering of shorts. The coalers
awakened from their accustomed lethargy.
repeating Tuesdays progress to a higher
plane of values. This was largely in SYM
pathy with the Philadelphia market for
Lehigh Valley. Reflection over night had
convinced the traders that with the disap-
pearance of Lehigh Valley as an indie
pendent factor in the coal market this
trade would be managed in such manner
as to produce the best results for the inter-
ested corporations, as lesser companies will
find ii profitable to work in sympathy
rather than assume hostile attitude. Thus,
they argued, would be accomplished a har-
mony where previous schemes of the past,
including a central selling agency and
Reading lease of other companies, had
failed. Then the soft-eoal strike, if it con-
tinues, Will cause an Increased demand for
the hard product. Susquehanna & Western
preferred, passing "a easily, led the advance
in this group on rumors gradually becom-
ing more definite that the. stock was being
purchased for control by another coal road.
Wheeling & Lake Erie preferred and Cleve-
land, Lorain & Wheeling preferred were
bid up point each, while Hooking Valley
also improved. Thus the action of the BIZ
luminous coal roads indicates d marked
belief that the strike Will rehabiltate the
entire industry. On enormous transactions
Sugar alternately rose and fell more or
less favorable news percolating from Wash
ington. The delay in announcing an agree
ment by the conference committee
taken as confirmation of opposition on the
part of the House leaders to any yielding to
the Senate conferees. The stock opened
down about a point, fuctuated widely and
closed at about initial figures Friends of
Tobacco advanced it 21s and the scrip g.
giving as reason that the stock had not
yet gone upward with the general move
ment. The Gould shares, were stronger
East River Gas rose 612, to S412, a record
price Gains of point or over on the day
are shown by the following, in addition to
those already enumerated. Chicago, Cincin-
natl & 81. Louis, Consolidated Gas, Illinois
Central. Mnneap polls q ST. Louis Susaue-
hanna & Western, Pittsburg, Chicago, Gin
cinnau & St. Louis preferred and Ice pre-
l9s and Leather preferred y. The market
closed, after sales of 10000 shares, as it
opened active and strong at a moderate
general Improvement, more notable among
the specialties
Trading in bonds was quite animated, the
aggregate sales slightly exceeding 81 600. 600.
The bulk of the transaction was centered in
the low priced securities, with a decided in
quiry apparent for the Oregon Short-line
issues. Liens of reorganized properties, as
a rule, have come into favor, and note
worthy appreciation in values of these
mortgages have recently been registered.
The market exhibited quite a hardening
tendency, with the changes substantial in
number of instances. Government bonds
We're generally firm, with transactions
trivial.
The following table. prepared by L. w
Louis. Room II. Board of Trade, shows
the range OF quotations: