The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-06-21
BETTER STOCK VALUES
EARLY RAID BIN THE BEARS RE-
SUITED IN A GENERAL ROUT.
Railway Earnings Increasing and the
Shares in Greater Demand-LocaI
Markets in Good Condition.

At New York, yesterday, money on call
was 1G1b per cent; last loan, 1-24 per
cent
Prime mercantile paper, 3G4 per cent.
Sterling exchange firm, with actual bus
mess in bankers bills at $4S512d4S5% for
demand and at s4.s6 for sixty days; posted
rates. $4.S54 and $4.S6lza4.S7; commercial
bills $4.S3.
Silver certificates. 5SlkG59c bar silver,
5sa4c; Mexican dollars, 451Ac. At London bar
silver was 271sd an ounce.
The total sales of stocks were 274 200
shares including: Atchison preferred, 11,315;
Baltimore & Ohio, $3.50; Chesapeake & Ohio,
4,C9O; Chicago. Burlington & Quincy, 24,070;
Cleveland, Cincinnati, Chicago & st. Louis,
1870; Louisville & Nashville. ITO; Manhat-
tan, $3.50; Metropolitan, 12,S3S; Northern Pa
cific 3,945; Northern Pacific preferred, S0S4;
Rock Island, 9O24; st. Paul, II 100; American
Spirits, 5,5S5; Tobacco. $3.50; Chicago Great
Western, 1880; Peoples Gas, 34.77O; Sugar,
3S,6S7; Rubber, 6709.
New York stock values generally appre-
ciated in value yesterday to the extent of
important fractions in standard shares,
while the improvement was entirely greater
in some of the specialities. At the opening
the bears attempted to repeat their success
es OF last week, and in the first quarter of
an hour brought about recessions in the
prices of some leading specialties, but the
railways showed resistance to the selling
movement. The early weakness of wheat
and rather featureless tone of London
gave no decided lead to the market and
then the anticipated announcement of the
arrival of the American armies at Santiago
ana Manila was yet forthcoming. The earn
ings Of railways for the second week of June
generally showed increases. There was evil
dence OF heavy purchases by houses repre-
senting substantial interest. which quickly
steadied the market and eventually brought
ABOUT advances we'll above Saturdays clos
lng although realiza lions at times retarded
grangers was partly attributed to the clear
weather over much of the crop area. The
rising movement in stocks was partly cred
tied to the inability of the bear faction to
bring about liquidation and the closing was
strong. Metropolitan, in the late dealings
rose points on Philadelphia advances that
the directors would authorize the issue of
additional stock at par to the present hold
ers. Other speciaties, after another momen-
tary heaylness, also moved sharply in COM
mon with the pronounced tendency of the
general market Peoples Gas was a con-
splcuous example, and after dropping to
S49sc on heavy offering by bear pool, sub
Sequently bounded up above 81 on indica-
tons that the stock was being accumulated
by substantial interests.
The bond market was very dull and opera
tons were largely centered in the specula-
tive issues. Fluctuations during the fore
noon were slightly lower, but the market
subsequently, gained strength and closed
very firm. Quotations for government Sc
curities were unchanged for most issues but
CID registered fours were conspicuous for
an Improvement of &c, while the old fours
coupon. lost 12c in the bid price. Purchases
advance of point, while the tours, regis
tered. suffered loss of CSC.
me following table; prepared by l.. W.
range of quotations: