The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-06-23
WITH FEEBLE SUPPORT
STOCK LIST NEGLECTED. AND PRICES
TENDING DOWNWARD.
Weakness in Sugar Because of Pros
pective Hawaiian Annexation
Local Trade Active.

At New York, yesterday money on call
was easy at 191A per cent; last loan. IA
per cent.
Prime mercantile paper, BOA per cent.
Sterling exchange was firm, with actual
business in bankers bills at $4.S51a@4S5s4 for
demand and at s4.S324@4S4 for sixty days;
posted rates, $4S5@4S51a and $4.S61a@4.S7;
commercial bills, $4s21k@4.s3.
Silver certificates, $50 @591sc; bar silver,
5S$c; Mexican dollars, 451sc. At London bar
silver closed steady at 27lsd an ounce.
The total sales of stocks were 245,6O0
shares, including $500 Atchison preferred,
1860 Baltimore & Ohio. 1871 Chicago, Bur-
hngton & Quincy, 5,155 Cleveland, Cincin-
NATL Chicago & st. Louis, 1850 Louisville &
Nashville, $3.50 Northern Pacific preferred,
1910 Rock Island. u, 449 ST. Panl, II. 735 Union
Pacific preferred, 1880 American Spirits,
1897 Tobacco so, $50 Sugar.
The action of the New York stock market
yesterday indicated the withdrawal of the
outside public from speculation pending def
mite news regarding the operations of the
American forces at Santiago and Manila
and until the effects of the new revenue law
and government loan are known. The pro-
fessional operators were unable to advance
or depress prices in any marked degree.
London operated on both sides of the mar
ket in Baltimore & Ohio, and was a pur-
chaser of st. Paul. The weakness in Sugar,
ascribed to prospective annexation of Ha-
wall, was a feature. The bears had every
thing their own way in this speciality, and
were successful in forcing out round
amounts of stock which carried the price
down 21s points to 1885. The succeeding OPP
erations We're accompanied with consider
able irregularity rallies of a point or there
abouts occurring frequently, but the evident
lack or inside support encouraged fresh
demonstrations by the traders at every RISE
the stock closing within NC of the lowest
The feverishness of this security permeated
the general market for a time, but the
marked reluctance of standard shares to
some favorable traffic statements, Stimu-
lated covering in the granger group which
carried these properties above the level of
yesterdays close. The action of the Lake
Shore directors in increasing the sem-an-
nual dividend to 312 per cent. was also a
contributory factor in the late strength in
the railways. Baltimore & Ohio suffered a
loss of 312 points on liquidation influenced
by the drastic nature of the reorganization
plan The rest of the list devoid of
feature and a resume of comparative prices
show exceedingly light changes in either
direction except in isolated cases.
Transactions in bonds were on a large
scale and prices of the leading speculative
demand for the Union Pacific and Atchison
liens unusually heavy The general spec
ulation exhibited a strong tone and fur
nished ample evidence that large amounts
BILE securities at remunerative rates. The
aggregate sales were 81, 13l 600. Government
bonds were easy in tone, the old registered
fours ruling "a lower
The following table. prepared by L. w.
Louis. Room H. Board of Trade shows the
range of quotations.: