The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-06-25
TOP NOTCH ADVANCED
BULLS SCORE ANOTHER VICTORY IN
STOCKS ON CHANGE.
Some Realizing Sales Caused Only
Temporary Depression-LocaI
Markets satisfactory.

AT New York yesterday money on call
was easy. at 1Q1A per cent; last loan. /;
closed, 1q1A per cent
Prime mercantile paper Sd4 per cent.
Sterling exchange was steady, with actual
business in bankers' bills at $4S7Ad4.s71b for
demand, and at $4.861s0 4s612 for sixty days;
posted rates $4.s7d4S71z and $4S8a4SSlk;
commercial bills, SASH.
Silver certificates. 6O1s@6O5sc; bar silver,
6Olsc Mexican dollars, 473sc. At London
bar silver closed at q 9-16d per ounce.
Total sales of stocks were 21S, 756 shares,
including: American Tobacco, 500; Ameri-
can Sugar, 1880; Burlington, u 800; Louis
vile & Nashville, 51O0; National Lead.
$500; Northern Pacific. $780, North Ameri-
can Company, 500; Omaha preferred. TO-
100 Peoria, Decatur & Evansville, $500:
Reading, $500; Rock Island, A. 400; St Paul.
A,100; Western Union, $780, Southern Rail-
way preferred, 400; New Jersey Central.
400
The prices of stocks made a further aver
age advance on New York Change yester-
day, putting the top level in the current
bull movement one notch higher. The adj
vance, however, was not universal and
some prices are lower, the anthracite coal
group losing something of the strong adj
vance of Wednesday. The International
shares-some of them--displayed the sym
pathetic effect of lower prices in London
and of selling here for London account.
Others of this group were bought for Lon
don account and gained in price. There
We're times during the day when prices
close, and there were evidences of heavy
realizing in some stocks. The volume of
the dealings was smaller by over forty
thousand shares, but was rather better dis
tributed. An aggressive advance in North
E c Wheh MAS on after 3 days
111A, and was a sustaining influence on the
whole market. The grangers also main
tanned their strong upward tendency, and
their potent influence on the market, under
heavy dealings, in spite of alarm
list reports of damage to crops The belief
in good-crop prospects, which advanced the
price of this group. an influence on
nearly every railroad property in the West
whose securities are dealt in on the ex-
change. ST. Pauls third week statement,
showing an increase in gross earnings of
This roads earnings have been greater
each week in the present month than in
the corresponding week of any year since
1923. Forecasts of May statements of the
granger roads give suggestions of a favor
able showing and have helped the advance.
There is reported some movement of cur
rency of small denominations to some in
terror points, of small proportions as yet,
but which is looked on as indicating a re.
ViVal of business activity. The strength of
the market is almost entirely due to con-
tidence in the general outlook but num-
Der of individual stocks were strong on ac-
count of special causes. Sugar was some
what erTatic, remaining somewhat below
Wednesdays close most of the day, under
pressure to realize but rising to "a above
In the final transactions. Small losses are
shown in some of the low-priced Southwest
errs a number of the less prominent Van
derbilt stocks, and in some other special
cases, but these only extend to point in
the case of Erie first preferred and East
River Gas, the latter ~. Otherwise gains
were general In the grangers outside Of
Northwest, Rock Island led with gain
of Us.
Continued improvement is noted in val
ues of railway and miscellaneous mort
cages with considerable trading noted in
issues of recognized companies The rec
ognized active securities moved narrowly
but participated in the general strength
which was most material in the less-knoWn
properties Peoria. Decatur q evansville
firsts advanced 512 per cent, to SO, and RIO
Grande Western frsts 4 per cent, TO o.
The aggregate sales were 81, 671,0O0
Government bonds were in moderate de-
mand and improved slightly on purchases
of S37 900.
The following table. prepared by L. w
Louis, Room IL, Board OF Trade, SHOWS the
range of quotations: