The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-11-16
STOCK LIST NEGLECTED
EVEN PROFESSIONALS SAW NOTHING
TO BID FOR ON 'CHANGE.
Silver Certihcates Higher and Some
mess Ahead of Last Year. .

At New York yesterday money on call
was steady at 11zq2 per cent; last loan,
per cent; closed, 112Q2 per cent.
Prime mercantile paper, 312441a per cent.
Sterling exchange was firm, with actual
business in bankers bills at 81. S51sq4. 1913 for
demand and at $4S29sQ4S2s4 for sixty days;
posted rates, $4S314@4S612; commercial bills,
$4S2
Silver certificates, 5SAG59c; bar silver,
573sc; Mexican dollars, 4512c. At London bar
silver closed yesterday at 265sd an ounce.
Total sales of stocks were 100 shares,
including: Chicago, Burlington & Quincy,
1888; Louisville & Nashville, 3721; North
ern Pacific preferred, 1850; Rock Island,
1906; st. Paul, 1860; Bay State Gas, TO-
143; Peoples Gas. 1885, Consolidated Gas,
6.627; Western Union, 1852; Sugar, 54,O4O.
Wall street has not seen so dull a day in
many months as yesterday. Even the pro-
fessional traders were almost out of the
market and there was absolutely no out
side inquiry or interest in the market. A
large proportion of the days trading was
in Sugar and this stock fell away at one
time 25s points, but closed Us above that.
The rally was due to a ruling by the Treas
ury Department to apply the countervail-
ing duty clause of the tariff bill to refined
sugar imported from Denmark. The
amount of sugar available for import from
Denmark is not in itself large, but the
treasury $ decision was regarded as indi-
eating a course likely to be pursued in
gard to Dutch refined sugar, of which the
supply available for import is large. This
rally helped the market somewhat and was
almost the only indication of real strength
in any stock throughout the day. In the
closing transactions Susquehanna & West
ern preferred suddenly mounted upwards
to 3442, net rise of 2. Bonds of that COM
pany also showed some sharp gains. No
effect was exercised on the general market
by this. Northern Pacific preferred was
relatively firm in the railway list on ac-
count of the increase in earnings shown
by it's first weeks statement of $l93,6S6, or
43 per cent over last year. Last years
earnings for the same period were not large
and there was one more business day in
cluded in the period than last year. But
the showing was regarded as a strong one,
nevertheless. Peoples Gas, which was
dealt in Elk. dividend of 112 per cent, was
a center of depression and closed point
lower. The coalers were also weak, New
Ing at one time 212 points, but rallying a
fraction Consolidated Gas made one of it's
This was points lower than the previous
low point of the present movement The
ness and dullnesS of the market were part
ly in sympathy with London, where the
prices of securities showed declines on ac-
count or some apprehension over European
politics, due to threatening conditions on
the borders of Turkey. There was some
disappointment over the failure of the SUI
preme Court to hand down a decision in
the Nebraska maximum freight-rate case
before it's two weeks recess. Closing prices
are considerably above the lowest of the
day in most stocks, but the general list
shows net losses of a fraction exceeding "a
in most cases. Some selling for London ac-
count added to the weakness. The total
sales of all stocks was less than 10000
shares, of which Sugar contributed almost
one-fourth
The bond market was dull nut nrices
were firm Total sales, 81, 325,0O0. United
States hyes coupon, were u higher bid.
The following table, prepared by l.. w.
range of quotations: