The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-04-13
DOUBT In ALL MARKETS
DELAY on ACCOUNT OF UNITED
sTATEs-sPAIN CONTROVERSY.
Light Dealings New York stock
Exchange. with Money Firm
Local Business Firm.

At New York yesterday money on call
was firm at 21zd31A per cent; last loan, 215
per cent
Prime mercantile paper, 51s96 per cent
Sterling exchange was steady, with ac-
tpal business in bankers bills at ST. S3lt4 S9l5
for demand and at $4.S0G4.S0A for sixty
days posted rates, $4.SO1aa4S1 and $4.S4Q
4Sf4; commercial bills. $4,000. 1917.
Silver certificates, 55a4 @56lAc; bar silver,
557sc; Mexican dollars, 45hc. At London
bar silver closed steady at - 7-Sd an ounce.
Total sales of stocks, 210,7O0 shares, in
Guiding: c., B. & O., 14.f70; L. & N, 6,210;
Manhattan, 1735; Northern Pacific pre-
ferred, 1850; st. Paul, HOB; Union Pacific,
IS, SIS; Tobacco, 55,524
Yesterdays New York stock market was
listless and the movement of prices exceed
ingly sluggish. Heaviness was the pre-
vailing tone, however, and the net results
are in nearly all cases evidence that the pre-
vailing sentiment in Wall street was not
hopeful. Doubt and uncertainty prevailed
in all quarters, and reports from foreign
bourses indicated the same uncertain feel
ing in every market in the world as to the
outcome of the controversy between the
United States and Spain. If transactions in
a few speculative leaders were taken out of
trading would appear almost ludicrousIy
small Even such speculative favorites as
the grangers showed comparative apathy
Ihere was a lively movement in Tobacco,
winch carried the price up nearly seven
points, the motive being the reported set
tlement of controversy in the trade over the
plug tobacco business. The advance in the
price was also said to be directed against
outstanding short interests. There was
large buying of the company's scrip also,
ana a resulting rise of per cent in its
price: Rubber preferred was lifted three
points on very limited transactions In the
railroad list Northwest was the only prom
lnent stock which showed a gain, though
Reck Island was at one time a shade above
in London below the New York parity,
which resulted from the early trading,
We're disappointment to those who
bought stocks in New York Monday. Open
London parity. and there was selling in
consequence of arbitrage account The
market showed slight degree of anima ton
IN the first hour on buying attributed to
Washington account. The bull theory was
that differences in Congress would beget de-
lay, and that delay added to the chances
of peaceful settlement. The volume of the
buying was not impressive, and it had
ceased before noon. For the rest of the day
the market. to all ;ntents and purposes,
veks lifeless, and the last sales were for the
most part at the lowest of the day. Specu-
lation awaits the formulation by Congress
OF its intentions on the Cuban question.
Both the money and exchange markets
were dull and steady at the recent level, but
about 81 ,185,006 additional gold was engaged
for import. The movement of currency to
the interior was undated.
The bond market was intensely dull and
showed slight recoverieS in some cases from
early weakness. Total sales $500 600 United
States new tours advanced "A on the bid
price. Government bonds otherwise Were
unchanged.
The following table. prepared by L. w.
range of quotations..