The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-11-17
LITTLE STOCK BUSINESS
PROFESSIONAL ELEMENT TRIES IT'S
POWER ON GAS TRUST.
Heavy Declines Were Only Partly Re.
covered Before the CIose-LOcaI
business Falling on.

At New York yesterday money on call
was steady at 11zQ2 per cent; last loan.
2 per cent; closed, 1s4@2 per cent.
Prime mercantile paper S1za41z per cent.
Sterling exchange was easier, with actual
business in bankers bills at $4.S5a4 for de-
mand and at s4.S2s4 FOR sixty days; posted
rates, $4.S51z and $780, commercial bills,
S4S2
Silver certificates. 5SQ59c; bar silver, 5Ss4c;
Mexican dollars Acc. At London bar silver
closed inactive at 271sd an ounce.
Total sales of stocks were $4,000 shares
including: Atchison preferred, 1850; Chi
cago, Burlington & Quincy, 14,O25; Louis
vile & Nashville, $780, Missouri Pacific,
S,l2O; Northern Pacific preferred, $3.50; Rock
Island 1908; st. Paul, 1890; Union Pacific,
S505; American Tobacco, AGO; Bay State
Gas, $500; Peoples Gas. 1885; Consolidated
Gas, 1926; Sugar, 57155.
Yesterday was another remarkably dull
day on the Stock Exchange The only spurts
OF activity were due to manipulative ma
neuvers on the part of professional traders.
This was notably manifest in Consolidated
Gas, which jumped up and down the price
scale point at time all day, but always
at level below Monday nights price. The
decline extended to Az points at one time,
but covering at the close left the stocks
loss only fractional The weakness of other
local gas stocks is due to fears of a fail
ure of plans alleged to have been in con
temptation for the amalgamation of the
local gas companies, others of which were
weak in sympathy with Consolidated Gas.
Sugar continued to lead the market in point
OF activity, and its strength during the day
helped the general strength of the market
1t rose at ore time points, but a reac-
ton due to realizing sales on short turn
left its net gain fractional. other industrial
stocks. notably the Cotton stocks, Tobacco
and Leather preferred. rose sharply on
traders purchases, but for the most part
lost their gains on realizing sales. The
movement in New jersey Central was due
to the sans causes. The market for the
most part however, was firm in the face
yesterdays level all day after a small de-
cline at the opening. This decline was in
sympathy with the heaviness of American
securities in the London market. London
was also a seller in this market of Amer-
can stocks The strength of the railroad list
was generally due to the continued good out
look for business, the grain movement hav-
ing been resumed in force and a
very heavy movement of cattle being
Manhattan was heavy all day, and at no
time did it rise above yesterdays level. The
Rubber stocks were also somewhat de-
pressed. There was no news bearing on
either of these properties. The heavy tone in
Omaha and one of the grangers was equally
without explanation. Northwest, the parent
stock gains a point net, as we'll as Rock
Island. The market was exceedingly mar
row both in the volume of the dealings and
in movement of prices. Except in a few
cases prices show fractional net gains on
the day.
The bond market was fairly active, and
showed Improvement for the most part:
Total sales amounted S1110,000. United
States fours, coupon, and the fives, coupon,
are Is lower bid.
The following table. 0raDared bV +, w
Louis, Room il. Beard o. Trade, shows the
range of quotations: