The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-01-20
SHARE LIST IMPROVING
FEAR OF CUBAN TROUBLE LESS PRO.
NOUNCED AND PRICES UP.
another Bull Campaign in Sugar and
other IndustriaIs Expected
Local Trade Quiet.

At New York yesterday money call
2Q2lk per cent; last loan, per cent.
Prime mercantile paper, SQ924 per cent.
Sterling exchange was duh and easier;
actual business in bankers bills at $4.S4lsQ
4.&% for demand and at $4.S22s94.S25s for
sixty days; posted bills, $4.S3G4. S512 and
$4S5l5G4S6: commercial bills, &S1%.
Silver certificates, 561z@57Ac; bar silver,
E63sc; Mexican dollars, 4514c. At London
bar silver was dull at 261sd ounce.
Total sales of stocks, 2S7 $50 shares, in
Guiding, Chesapeake & Ohio, 3215; c., b.
e. O., 1850; Louisville & Nashville, 5000;
Manhattan, 1855; Metropolitan, 1850; Ha-
waiian, 1857; Missouri Pacific, $500; New
York Central, 1895; Northern Pacific, ~, $50;
Northern Pacific preferred, %, 499; Rock ISL
and, 1881; ST. Paul, SIPS; Union Pacific
271O5; Chicago Great Western $50; Peo-
pies Gas, 1o,06O Consolidated Gas, 1856;
Sugar, 41,609.
The New York market for stocks yes
terday improved in tone and activity as
the day wore on and at the close the gen
eral list showed fractional improvements
while in some cases there was a rise of
from l to 212 points. The close was strong
at the best prices of the day. The ex-
trene ease of money, call loans being as
the markets late strength. There were sew
eral beneficial features in the news of the
day, the weekly earnings of railways in
nearly every case show net increases run
ming up to $4,000 in Chesapeake & Ohio,
and $4,000 in Louisville & Nashville The
SIS, 600 Illinois Central Terminal bonds
were considerably oversubscribed. These
facts together with the action of the
House of Representatives at Washington
in sustaining points of order against Cuban
resolutions caused a rising tide in quota
tions, the traders taking the view that leg
islative action in behalf of Cuba for a
while at least was improbable. Washing
Ton reports regarding the currency ques-
tion had little influence on the London
market for Americans and Berlin and
Frankfort were reported as taking a
pathetic view of the subject. The transac-
lions in Sugar and Northern Pacific were
in considerable volume. Sugar rose on
street gossip that it was time for a re-
sumption of the bull campaign in that spe-
cialty. Northern Pacific left off at Ia adj
vance on hopeful expressions regarding the
earnings by friends of the property. Con-
Solidated Gas rose sharply and retained
after erratic fuctuation, closed at an i'm
provement. There were rumors of the pos
slbility of that company declaring script
dividend. Mobile & Ohio advanced IL. This
was attributed to the subsequent announce
ment of the l per cent. dividend Pitts
burg, Cincinnati 81 st. Louis was strong
Lon the favorable December earnings The
Changers shares shared in the days APP
probation of values. Oregon Navigation
was up 2 points, Oregon Improvement
Trust receipts. 21s; Oregon Short-lne 15s ;
Northern Pacific. IA Northern Pacific pre-
ferred. rs, and Union Pacific trust GER
tificates. IL. Other notable gains were La
clede Gas preferred, 1Ia: New York Sus-
quehanna & Western, IL: Pittsburg, Gin
cinnati & st. Louis, IA Pittsburg, Cincin-
natl G. ST 0IiS nrafnrrpd nd
nessee Coal and Iron, 12s. There was no
important losses.
The bond market maintained fair de-
gree of strength with transactions largely
centered in the speculative lines. The ag-
gregate sales were So .450, 900. Government
bonds showed an easier tendency.
The following table prepared by l.. w
Louis, Room H. Board of Trade shows the
range Of quotations: