The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-09-11
NET DECLINES SMALL
STOCK MARKET GENERALLY
STRONG, WITH COALERs ERRATIC.
Changers Stfff and still Climbing on
Enormous Grain-Carrying Trade
Local Business Active.


was easy at 1AG2 per cent; last loan, ~
per cent; closing, 11zQ2 per cent.
Prime mercantile paper. 3s4G4lz per cent.
Sterling exchange was weak, with actual
business in bankers bills at $4S5s4Q4.S for
demand and at "a. S51zQ4.s 1914 for sixty days;
posted rates, $4.S41z94.s514 and $4.S613W4.S71z;
commercial bills, $4.S2l2Q48234.
Silver certificates 53Q54c. Bar silver. sac.
Mexican dollars, 421ac AT London bar sill
yer closed at 25d per ounce.
Total sales of stocks were 620, 900 shares.
including: Atchison, 400; Atchison pre-
ferred, 2O,125; Chesapeake & Ohio, 800; Chi
cago, Burlington & Quincy, $3.50; Cieve-
land, Cincinnati, Chicago & St Louis 800;
Delaware & Hudson 800; Delaware, Lacka-
wanna &c Western, 1850; Erie new, 13O25;
Louisville & Nashville. 10000; Manhattan,
a0.S50; Missouri Pacific, $500; Missouri, Kan
sas & Texas, $500; Missouri, Kansas &
Texas preferred, %. 455; New Jersey Central,
$500; New York Central II, 100; Northern
Pacific. $500: Northern Pacific preferred,
1920; Northwestern, $500; Ontario & West
ern. 400; Reading, 1,42O; Rock Island,
1920; st. Paul. 1920; st. Paul & Omaha,
14,lO0: Southern Railway, $500; Southern
Railway preferred, 22725; Union Pacific,
27Ol5; Union Pacific, Denver & Gulf, $500;
Wheeling & Lake Erie, 100; American
Spirits, $780, American Tobacco 5,420; Bay
State Gas. 1900; Chicago Gas, 6,460; Con-
solidated Gas, 800; General Electric, 1890;
Laclede Gas, $500; Lead, $500; Sugar, l., $40;
Tennessee Coal and Iron, $780, Tennessee
Coal and Iron preferred, $500; Western
Union, 1920; Chicago Great Western, 500.
Yesterdays New York stock market was
strong almost without variation but in an
irregular degree in different parts of the
list. Realizing sales at one time depressed
the average price a fraction below Thurs
days close, the extreme net decline being
shown by Louisville, Is; New Jersey Cen
trail, "a; Missouri Pacific, IS, and Northern
Pacific preferred, as In addition there were
some sharp declines from the best before
the close The net gains for the day all
through the list are the more noticeable in
of a special character beyond what was
ccntirmatory of facts already known.
Much Importance continues to be attached
to the declaration of the extra dividend by
st. Paul yesterday and the good influence
of this was manifest in the improved buy
ing for London account to-day. 1t helped
to keep the price of st. Paul firm all day
and advanced Union Pacific 15s. Burling
ton, although it closed q under the best,
shows a net gain of over point, and Rock
Island did as we'll. Omaha advanced at one
time nearly three points and its allied line,
NoTTthWsstern'r 21s, railing back somewhat
line was greeted with enthusiasm In the
Southwestern group, Kansas & Texas pre-
ferred led with an extreme advance of "a
and a net gain of 12s. In the Vanderbilt
group, Cleveland, Cincinnati Chicago q st.
Louis gained 13s and the others less
amounts, except Chesapeake e. Ohio, which
continued exceptionally heavy. The large
earnings reported and in prospect from the
enormous movement of grain had to do
coalers all showed weakness during most of
the day on account of the disappointing
dullness which continues in the anthracite
trade. This encouraged some short selling
and &. sharp rise of 212 points in New Jer-
sey Central in the afternoon indicated the
distress of the shorts and rallied the other
coalers. Some activity was displayed in the
bituminous coal roads, Wheeling & Lake
Erie preferred gaining over two points. The
feverish fluctuations in Manhattan also
were due to the urgent demand Of the short
interest, the price rising at one time over
five points. The heavineSS In Louisville
was probably due to a recurrence of appre-
hensIon over yellow fever possibilities. In
the list of spectaltieS notable gains We're
registered by Western Union, Brooklyn
Transit on large increase of traffic, Ma
Union Gas "A per cent?, Spirits preferred,
Consolidated Gas co., Linseed Oil and Ore
gon Navigation (4A) On the other hand
Sugar Tobacco, Long island, Iaclede Cas-
Starch second preferred, Quicksilver pre-
ferred and Rubber preferred all displayed
weakness.
Central of Georgia incomes, the nrsts al
Vancing 6B points and reacting 51s, ana the
seconds advancing 212 and reacting IA. To-
tai sales were 81, 10000. There were sales
of United States twoS az 9SA, and or the
coupon fiveS at 1l4as.
The following table, prepared by L. W.
Louis, Room IL, Board OF Trade, shows
the range of quotations.: