The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-07-18

reached unprecedented figures and attained
an unequafed access over imports re-
Sardless of enormous imports anticipatory
OF the new tariff law. The anthracite roads
We're strong on the vacating of the order
for an inquiry into the coal companies
methods on the ground that the LeXow
antitrust law was unconstitutional The
election of Lehigh Valley officials in SYM
pathy with other large coal interests gave
which was reflected in the coal~carryinS
companies here, where, moreover there
was d belief that benefits would accrue to
the anthracite roads from the bituminous
coal strike. There was an early disposition
abroad to magnify the importance OF the
soft-coal strike.
LONDON A CUSTOMER.
On Wednesday. however. London was
fair customer of "Yanks" and while sub
sequenty there was some selling from that
quarter it was of a hesitating character,
showing a gradual realization of the i'm
proved outlook here and possibly knowl-
edge that there were efforts to arbtrate
the miners and operators differences.
Susquehanna q Western common and pre-
ferred rose 2ls and 32s respec-
lively. on vague rumors which
seemed to be reduced to the
assertion that there was an effort by par
ties of preponderating influence in the coal
trade to get control There was rise in
ton and to report of the accomplishment
of consolidation of some companies. Later
came indications Of strenuous opposition
and quotations were shaded. The buoyancy
OF Sugar in the early part of the week was
a sustaining influence on most OF the list.
The outstanding short interests becoming
nervous at Sugars persistent SLfenStn
sought to cover carrying the price by leaps
and bounds to 1875. the suspension OF a
large brokerage house on the wrong side
OF the market mad but transl-
tory depressing effect. washington
early indicated that a schedule very
prOntable 10 the Refining Company was
being agreed on in conference. subsequent
adViceS showed a deadlock, with the House
leaders insisting on the Dingley schedule
and Sugar receded on the impression that
it certain the House conferees would
win. 1t had however, recorded d net al
vance for the week of 49sc. Some Kindly
disposition was displayed towards railway
properties in the south and southwest
notably Missouri Pacific, which was bet
ter by 21s and Louisville l3s. The vast
amount OF money awaiting investment was
accumulated by the oversubscription OF a
local street railway, 100000 of bonds Of
fered with applicants for twenty-five times
that amount. on the large demand Tor
these bonds Metropolitan traction rose
per cent.
The bond trading during the week was
characterized by aggressive strength on eX-
tensive dealings which embraced a large
number of Usually dormant securities.
Changes in these liens were usually at
tended by wide vibrations more generally
upward. The demand TOR investment ac-
count was reflected in the rapid apprecla-
ton in values OF the gilt-edged issues,
which is forcing more general purchases of
the middle grade and speculative mort
cages which promise a larger return on
capital invested. The plethora of funds at
this center is evidenced by the increased
animation in various outside properties and
the high prices realized for municipal bonds
which are much sought for. The aggregate
sales were 81, 027 900.
Government bonds were moderately ac-
tive and exhibited decided firmness. State
issues We're prominent and generally
higher.
The following table, prepared by l.. w.
Louis Room II, Board of Trade, shows the
range of quotations: