The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-11-27
STOCK LIST IMPROVED
DEALINGS BECOME ACTIVE AND
SOME GOOD GAINS SCORED.
Increase i'm Net Railroad Earnings As
sisted Shares to a Higher Level
Local Trade Remains Firm.

At New York yesterday money on call
was easy at 115d2 per cent; last loan, 119@
2 per cent: closed at per cent.
Prime mercantile paper, 1884 per cent.
Sterling exchange was strong, with
actual business in bankers bills at $4.S5A@
4S57s, and at s4S3G4.s3s for sixty days;
posted rates, $4.S311@4.S4 and S4S61h@4S7;
commercial bills, s4.s2G4S214.
Silver certificates, 5SA@59c; bar silver,
5SAc: Mexican dollars, 45Ac. At London
bar silver closed quiet at 271sd an ounce
Total sales of stocks were 172, 700 shares,
including: Chicago, Burlington & Quincy,
1880; Louisville & Nashville, 4340; Man
haitian, 22,SsO; New Jersey Central, 1890;
Northern Pacific, 4.4O7; Northern Pacific
preferred, 9,lS4; Rock Island, 5,12O; st. Paul,
1880; Union Pacific, all assessments paid,
$3.50; Bay State Gas, $500; Peoples, 26,3OO;
Consolidated Gas, 42O5; Sugar, 81 1856.
The latter part of the day showned an
improvement in business on the New York
Stock Exchange yesterday, both in the
volume of transactions and increase in
values over those recently prevailing. The
standard railroad stocks, however, con-
tinued to be good deal neglected, and the
movement of prices in them was very mar
row. The whole list was depressed during
the early part of the day under the int1u-
ence of lower prices for Americans in Lon
don and quite active selling here for Lon
don account. This was practically marked
in st. Paul, and this stock failed to re-
cover at any time to Wednesdays close.
Its weakness was due to the October state
ment of earnings, which showed an in
crease in net of less than $1,000. So far as
this statement bears on the general situa-
ton, it is to be taken in account that st.
Paul's October earnings last year were the
largest for the year. The latter improve
ment in the market left the railroad list
with net gains, but they were of the mar
roweSt in many cases. The chief interest
and these all developed strength before
trading had been long in progress. Man
haitian was most conspicuous in the deal
ings, and advanced quite steadily and
net gain of 2%. There was no news to ac-
count for the strength of this stock. Sugar
also showed a marked recovery from it's re-
cent depression, and closed 25s higher than
IL; New Jersey Central, rs; Delaware K
Hudson over a point, and so on. Console
dated Gas jumped up and down over
range of points, and closed at a net gain
of IA. The days trading reflected nothing
in the general situation, the news of which
continued to show, Improvement. The
actual rate for long sterling exchange adj
vanced Is additional to-day. Some of the
demand for long sterling is for use in the
operation which involves the lending of
funds abroad. There was also said to be
some buying of long sterling for specula-
ton in the belief that rates of exchange
will advance by the time it natures, as the
balance of trade may have shifted by that
time.
The bond market was fairly active and
prices were firm. Total sales, $1,240 coo.
United States fours, coupon, were Il lower,
and the fiVeS, coupon, Il lower bid
The following table. prepared by l.. W.
Louis Room H. Board of Trade, shows the
range of quotations: