The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-11-05
ACTIVE STOCK MARKET
, LOSSES GENERAL, BUT NOT so HEAVY
AS ON THE PREVIOUS DAY.
American Securities on the London
Local Trade Improving.

At New York. yesterday. money on call
was easy at 114d2 per cent; last loan, 2;
closed at 11hG2
Prime mercantile paper, 34@412 per cent.
Sterling exchange was steady, with actual
business in bankers bills at $4.S51a for de-
mand and at $4.S2z4 for sixty days; posted
rates, $483G4 S315 and $4.S6Q4S6a; CONNER
cial bills, $4.S1A.
Silver certificates. 57@5S1zc; bar silver,
56%c; Mexican dollars. 1850. At London
bar silver closed fiat at 269sd an ounce
Total sales of stocks were 1886 200 shares
including: Atchison preferred 1856; Chesa-
peake & Ohio. $500; Burlington, S6, 425; Lou
isvile & Nashville. 8,2S7; Manhattan, 3445;
Missouri Pacific, 1886; New Jersey Central,
1885; Northern Pacific, 13, 100; Reading 1910:
Rock Island. S.74O; St.Paul, q, 7S7; 81. Paul &
Omaha, 1900; Union Pacific 1850; Southern
Railway preferred, 1872; Wabash preferred,
300; American Tobacco, S,240; Bay State
Gas, 1,665; Chicago Gas, 2112S; General
Electric, 4,475 Sugar, 6O,672 Western Union,
1896; Chicago Great Western, $780,
Yesterdays business on the New York
Stock Exchange was larger than that of
Wednesday. but the losses in the prices
quoted at the close are nowhere near so
large. Although the liquidation has been
heavy, large blocks Of stock being thrown
on the market, there has been good support
forthcoming at the decline. Although the
general course of the market was down.
ward, this course was constantly inter-
rupted by rallies, and as one of these pc
Tiodical recoveries came in the last half
hour of trading the days net declines are
small except in some of the less active
stocks. Prices for American securities re-
ceiVed from London at the time of the New
York opening showed recoveries of a frac-
ton all around, and the opening prices were
advanced London
the highest prices of the day on the New
YORK exchange. Reaction soon set in and
sugar showed signs of continued weakness.
Later in the day an authorized statement
reporting satisfactory progress towards re-
covery from a surgical operation by the
president of the company steadied this
stock and eliminated one of the principal
elements of the weakness in the recent
market Many of the standard railway
ShareS showed firm resistance to the down
ward tendency all day and helped the tone
OF the general market. The coalers showed
and Burlington held their own quite firmly
Arbtrage brokers bought stocks for London
account, but this was probably to cover
selling contracts made at the early higher
level in London Nevertheless. it helped to
counterfeit the weakness. Traffic returns
from railroads were another favorable in
nuence, Missouri Pacific showing an in
crease in earnings of $l65.0OO for the fourth
week in October and Chesapeake & Ohio
an increase of over 5000 for the same Pc
riod In comparing current traffic returns
with those of a year ago, it is pointed out
that the period for this year has two Sum
days, while that for a year ago had only
roads Also last years October business was
very large, thus making this years COM
parison less striking. Consolidated Gas de-
clined SA; Pullman, 21e, and Sugar pre-
ferred, "a
Bonds moved in sympathy with stocks
and showed declines Total sales were
$4,000 United States old Tours regis
tered, and the new tours were advanced
&c bid.
Louis Room II, Board of Trade shows the
range of quotations: