The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-03-12
SPECTATORS STUMPED

At New York. yesterday. money call
was easy IT lM1a per cent; last loan. ~;
closed 1Gl13 per cent.
Prime mercantile paper. 3G4 per cent.
Sterling exchange was heavy. with actual
business in bankers bills at s4s7ll for de-
mand and S.s5lkQis5a4 for sixty days
posted rates, A.s6d4.s61a and $4.Ssie; COM
mercial bills. sisf24.
Silver certificates. 634sG6ic: bar silver
sS5sc. Mexican dollars. 4S@ic. At London
bar silver closed at 20 3-16d per ounce.
Total sales of stocks were 1O0.529 shares
including: American Tobacco, 9,60O Amer
fcan Sugar. 1900: Burlington & Quincy
$500; Chicago Gas trust receipts, $500; Mis-
souri, Pacific 34co; New York Central, $780,
Omaha, 400; Reading, 1900; st. Paul 9.Se0
Yesterdays New York stock market was
remarkable for It's firmness of tone in face
of the specific dullness of the proceedings
With the exception of slight awakening
TO animation about the delivery hour the
trading was almost dormant. The volume
OF the dealings was not only small, but was
distributed very meagerly, a few leading
shares absorbing all but a small portion of
the trading. There are about $50 shares
whose prices are quoted and transactions
in which are recorded on the Stock Ex-
change. OF this number there were only
hfty-four in which there were dealings i'm
full share lots. The total number of shares
sold was hardly 100000, and over $4,000 of
these were shares of fifteen leading stocks
IN view s OK the very favorable conditions
sidence of uneasiness lest the Cretan cues.
ton should embroil the powers it is neces-
Sary TO look for some other explanation of
the stagnation than European war scare.
There are doubtless several causes still CD
tan b,n to t Testrain speculation most po-
of long period of reverse and depression
There is also disposition TO wait for the
session, and for IL to manifest its character
and intentions. There is a feeling i'm Wall
be long draws out and t6e %sy prove t to
tude toward tariff bill is felt 10 be an I'M
certain quantity. Manhattan was the leader
probably due To covering. Quite large
short interest has recently been formed in
reduction of the dividend rate 10 per cent
was bound to result I'm a fall i'm price The
fail proved inconsiderable, and the shorts
have been seeking cover The price rose
2is, to Sj&s. which is about the level before
the announcement of the reduction of the
dividend. The Vanderbilt shares were some
of them in good demand. Omaha advancing
Ia and Lake Shore Is Sugar gained
point i'm face of Washington advices indi-
eating probable reduction of the amount
OF protection on refined sugar under the
new tariff The rise in the price OF the
eugdr In the handS OF the company which
Will be Increased in value by contemplated
tariff changes were contributing causes
consolidated Gas chowed an Improvement
OF "a on the prospects that regulative leg
islation at Albany will conflict with he
comPanys interests. The high prceAat-
tanned by Tobacco brought out some real
:zfng sales. with reaction in the price of
Is put the stock substantially recovered
a. Missouri Pacific gained a on the in
crease IN earnings shown in the first week
In March There buying movement
developed IN the anthracite cOdlerS also
about delivery hour. due 10 rumors of fur
ther consolidation of coal interests. The
announcement of the st. Paul dividend at
ABOUT the same time awakened activity i'm
the grangers. and some sembIance of ami
NATION was impaired to the whole market
New Jersey Central and Delaware & Hud-
son each rose Ia. Reading u and the gran
gers ana southwestern a fraction. The in
ternat1Onal shares fiuctuated narrowly I'm
sympathy with the London market which
first bought and then sold New York g.
Harlem Jumped 10 SEQ. srS compared with
23. Wednesday nights closing bid. The
undertone OF tirmness which was a feature
OF the market all day manifest at the
close. which was strong
The bond market was more active with
some OF the usually inactive liens rising
sharply. notably Houston a Texas Centrai
debenture SKIES. which gained . and Chesa-
peake x Ohio. X. and \. division first CON
sols. Ia per cent The general market ruIeC.
nrn, with the Speculatives issues a shade
higher
~ firm The sales were $35000
The following table prepared By L. w louis
Room II. Board OF Trade. shows the range of
quotations: %