The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-03-11
DULL TIMES ON CHANGE
SPECTATORS WAITING FOR DEFI-
MITE REPORTS FROM CRETE.
Small Total of shares Traded in and
Prices Tending Downward-LocaI
markets show More Life.

At New York yesterday money on call
was easy at IlaG1%4 per cent; last loan,
IL; closed offered at 112Gl1%4 per cent.
Prime mercantile paper. 344 per cent.
Sterling exchange was lower; actual bust
ness in bankers bills, $i.S1G4s74 for de-
mand and 81. S5lzG4.s5$. for sixty days; post
ed rates. S4s6G4.s61z and si.Ssd4sS1a; COM
mercial bills, SASH.
Silver certificates. 63AQ64c; bar silver.
635sc; Mexican dollars, 1910. At London
bar silver closed at % 3-16d per ounce.
Total sales of stocks were 9O7S0 shares,
including: American Tobacco, 1890; Man
haitian Consolidated. 500; Missouri Pacific.
$500; st. Paul. 900; New Jersey Central.
5000
The New York stock market occu-
pied position yesterday similar to that
of Mr.. Micawber in his expectant moods
except that there was d notable lack of
the jaunty and buoyant confidence which
would have made MIR. Micawber a bula in
Wall street, on the slightest provocation.
Wall street. on the contrary. has been de-
termined To take no notice of very many
favorable factors in the general outlook,
and TO insist on definite knowledge on one
or two subjects in the immediate prospect
before buying stocks with any great
amount of enthusiasm. One of these sub
Jects Is the final decision of the powers of
Europe as 10 whether they will agree
Disagree on the disposition of Crete and its
Inhabitants. Although a much better tone
was reflected from the European exchanges
to-day, the dealers here apparently feel
that there is still further material for dam
age OF values in the situation and the mar
ket was even more restricted than of late.
Barely ninety thousand shares changed
hands on Change to-day. and of these fully
two-nfths were of Sugar and Tobacco. There
were wide gaps in the list showing stocks
In which there was not a single transac-
ton or bid TO record. OF the anthracite
coal group, there not single sale in
any stock except New Jersey Central and
Reading. The arrangement announced
Tuesday by which the Lehigh Valley road
comes under the same control as the other
coalerS Is regarded as promising we'll for
the value of this group, but II mad no ef-
Iect on transactions in this market, though
Lenlgn valley showed some buOyancy in
the Philadelphia market. New Jersey Cen
tral declined. but subsequently, recovered
Inc international shares were slightly high
tr In sympathy with the Locdon market
but apparently had effect on the list
Inc declaration OF several dividends usu-
S,s ,,s.. 10 give tone TO the market
passed without notice. Encouraging reports
OF the current earnings of railroads and
the prospects for traffic were equally with
Out erect on the stagnancy OF the marker
except I'm a slight degree on the grancers
Omaha showed erratic and an eaSier fond
eKcS. IoD3cco was most largely dealt i'm
OF the stocks and rose strongly 2ss 10 70
the preferred at the same time saininp- IL
ana the scrip ? There was no explicit in
~ dNtOuul LOT the rise but
various rumors OF favorable character
We're In circulation. Rubber develoned =
marked reactiOnary tendency i'm the Iate
session, receding - for the common and az
Tor the preferred. the former sIbseouenfIy
IeSdihIhS the traction. Sugar moved mar
.VNIy,ton hghter transactions than usual
Nldnhdttah lost slightly and Western Union
IoSt -, partly on the publication of the
quarterly report and partly on the aDnarent
EFFORT to adjust the relative nrics 81 th iie
STOCKS To the new per cent basis for Me-
haitian 10 per cent for Western ITnion
ne changes IN the railway LIST were In
siShiiicant. slight gains being the ruIe fX
ceP' III missouri Pacific, which lost IL ON an
uhIaNordoie Interpretation of the annual re
RoII Sohsolldated Gas. Pullman and New
YORK central each gained I per cent srte
provements O. SAshl III
Inc bond market retains considarablo
nrmnesS despite its extreme dnIlnasS ~
udhsdctlons agSregating only SS71 600 ~
Government bonds were duh With the al.
fomrs coupon stiffening slightly ''i' o'u
Inc governors of the Stock EXCHANGE
y.stsruaS recommended the foIloWjne
s st 10 De placed on the regular list of
the eHchange: AtchisOn Topeka A. Sam
Re Railway, $03. coo OF general moTt 80
per cent. OBSERVATION-DISCLOSURES gold bo9ds.
chicago a Eastern Illinois Railroad Cor,'
pany general consolidated and ffr+f ,nor,-
gage per cent. bonds; jefferson a. c'Iear
Held Coal and Iron Company stock and
bonds amounting to $500. 600: Grand Rapids
Gas LiSht company first mortgage : nor
cent. tWenty-year gold bonds and 81 600 0O0
capital stock of the same compsnv N-'VV''VV
The following table. prepared by " Ion,s
Room ii Board OF Trade, shows the range q,
quotations: s Vi
Open High Low Clos