The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-01-14
HEAVY STOCK MARKET
TRADING IRREGULAR AND PERIODS
OF sEMI-STAGNATION.
Early I'm the Day on Change the Ten
dency Was Firmer-LocaI Mar
kets Dali and steady.

At New YORK yesterday money was easy
at ls per cent; last loan, IL; closed, 112q2
per cent.
Prime mercantile paper. 312a4h per cent.
Sterling exchange was firm. with actual
business in bankers bills at A.S7AG4S7h
for demand and $i.S41z04.S4A for sixty days;
posted rates. $4sd4s5k and $i.SSla; com
mercial bills. $.S3lzQ4.s4.
Silver certificates. 6isd6Jc; bar silver.
GA; Mexican dollars, J%c. At London bar
silver closed at % 11-16d per ounce.
Total sales of stocks were III, 49S shares,
Including: Burlington. 100; American Su-
gar. 1850: Chicago Gas, 800: Manhattan.
1900; Reading. 1890; St. Paul. $500; Tennes-
see Coal and Iron. $500; Union Pacific. 500:
Wheeling < Lake Erie 400; silver certif-
icates. 5000.
Yesterdays New York extremely limited
speculation was fairly well distributed.
aside from Sugar. which figured for nearly
one-quarter of the aggregate dealings, and
the tone was in the main strong. The move
ment was irregular. periods OF semi-stag-
nation alternating with spuIts of compara-
tive activity. In the early session the mar
ket was spirited and higher prices were re-
corded on London purchases and moderate
New York commission-house buying, eked
out by covering of shorts. The improve
ment was considered due to the pressure
OF idle money. which. in the absence of the
recent regulation disturbing rumors and
reports. Is inducing investments in bonds
and stocks of intrinsic merit. The traders
generally appeared disposed to play the bull
side, owing to the failure of long stock
TO come out ia recent raids. and bid prices
up whenever covering efforts were detect
ed In addition to stocks. trade and the
continent bought railway bonds. The spe-
cialties were again conspicuous. Console
dated Gas rose 3s per cent. to 143% on more
reassurinS gossip as TO the legislative pos
st1nr'ies at albany 81. Paul & Duluth.
cent. on light trading. Wheeling q AXE
Erie; however. displayed further neaviness,
recent rumors. The common sold Off a
Traction. bit the preferred declined gu per
cent e 1oucalng "a There was no news Oh
port excited unfavorable
very little interest attached 10 the annual
meeting or the stockholders OF the Ameri-
can Sugar-re1ning Company, as nothing
but routine business was expected to be
transacted. The stock sold up a fraction
early, but IN the last hours declined II. per
cent on the report of the application OF the
Arbuckle Interest. at Toledo, for a receiver
for the Woolson Spice Company, of that
city. control of which was recently ac-
CURED by the American Sugar Company.
The general list subsidized into general dull
ness after midday, and, aside from the de-
cline in Sugar, the late movements in
prices were relatively unlmportant. Real
tzations caused slight fractional recessIo.ls,
but in the final dealings the selling pressure
was more pronounced, and the market
closed heavy at unimportant net changes.
The demand for prime bonds is i'm ex-
cess OF the amount offered, and issues
which have long been inactive are now
prominent in the dealings at substantially
advanced prices. The sales were 81 .556, UOV.
The more important gains Were: Burling-
ton (Denver division) fours, 22 per cent:
Cleveland a Canton first trust receipts
"a; Mexican National incomes. Series b.
2: Louisville * Nashville New Orleans and
Mobile division) seconds. 19s; Standard
Rope incomes, ~, and Chesapeake & OHIO
(Richmond and Atlanta division) first CON
soils. Pacific of Missouri seconds and ST.
Paul eonscls: per cent. Declines: Bur
Iington sinking fund ffves, "a per cent;
Hooking Valley skies. ?. and Oregon I'm
provement consol hves, trust receipts, IL
per cent.
bid prices. but no transactions were made.
In state bonds Virginia centuries touched
6l4 on purchases or $1,000.
Silver certificates, after continued neglect,
were dealt in at 64ts for $500, as COM
pared with 654 the preceding sale.
The committee on stock list of the New
following securities be placed upon the req
ular list: Louisville * Nashville Cincinnati
and Lexington division).. $~S.256.6OO 41a-per-
cent. gold bonds stamped reduced from 6
per cent? Consolidated gold bonds and
stocks of ne city OF New York amounting
TO "a ;0S9; 600; Green Bay q Western Railroad.
tifcates Series A." and $500. 600 deben-
ture certificates. Series b. CentraI Pa
gold bonds of 1857. Series e.. extended to-
Jan. 1. 1898. and $7S7.0oO placed on the spe-
cial list: Central Pacific OF California. ST.
$4,000 trst-mortgage 6-per-cent. gold bonus
OF 1898. Series r, G.. a and l.. are deduc,ed
list
The following table. prepared by L. W. Louis.
Room IL Board OF Trade. shows the range OF
quotations.: