The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-06-01
THE STOCK LIST HIGHER
BUOYANCY IN FEW SHARES AT
FECTED THE ENTIRE MARIxET.
Powerful Sustaining Influence Fur
nished by the Active Grangers-LO-
cal Trade Showing Improvement.

At New York, yesterday, money on call
was steady at 14Q2 per cent; last loan, 2.
Prime mercantile paper, 3s4@41k per cent.
Sterling exchange was easier, with actual
business in bankers bills at s4.S6A for de-
Fmand and at $4.S4Q4S4A for sixty days;
posted rates. As5 and $4.S71a; commercial
bills, $4S3Q4.S31
silver certificates, 5sA@5sc; bar silver,
$3.50: Mexican dollars, 45Ac. AT London bar
silver closed steady at 26%d an ounce.
Total sales of stocks. 5O7, 5CO shares, in
GLIDING: Atchison 1888; Atchison pre-
ferred, 24,766; Baltimore & Ohio, $50;
Chesapeake & Ohio 3,430; c., B. & c.,
2O143; Louisville & Nashville, Is, 22O; Man
haitian, 10000; Metropolitan, $3.50; Reading
preferred, 449O; Missouri Pacific, TO- 155; New
York Central, 1920; Northern Pacific, 1854;
Northern Pacific preferred, 1881; Rock
Island, 44,4S2; st. Louis & San Francisco
preferred, S,715; st. Paul, 57,295; Southern
preferred, 4.1SO; Union Pacific preferred,
6404; Tobacco, $50; Chicago Great West
ern, AIS; Peoples Gas, S1,275; Sugar, 1851;
Tennessee Coal and Iron. 3,1S5; Leather pre-
ferred. Alps; Western Union, 1,247.
Tuesdays New York stock market was
active and strong. but the activity and
strength were not by any means uniformly
distributed. The grangers exercised pow
erful sustaining influence, and Rock Island
was the feature OF the group. st. Paul
closed the day with net gain of over 2
points, the advance being encouraged by
published reassurances as to the permanent
character of the improvement charged to
the large operating expenses. Peoples Gas
was the most conspicuous stock in the list
and rose at one time SA points. but lost
on zin 1xnT ran eli
was also up nearly points at one time
The recent rise in the Iron stocks con-
tinued, Minnesota Iron and Illinois Steel
rising respectively and 21a points. The re-
cent entry into the directory of the Illinois
Company of a powerful financial interest
has led to rumors of extensive combinations
in the iron and steel business, and this is
the ground for the rise in these stocks
Chicago & Eastern Illinois rose " point, and
Northern Pacific preferred, Union Pacific
preferred and Sugar also developed strength.
A rise of 35s in Delaware q Hudson should
also be mentioned. The buoyancy of so large
a number of important stocks was sufficient
to carry the whole market upwards but the
strength was much less notable at other
points in the list. London bought stocks in
this market, and beneficial effect gener-
ally was felt from the definite locating of
Admiral Cervera'S fleet in Santiago harbor.
But the benefit from this factor was due
principally to its giving freer play to con-
ditions specially affecting different stocks.
Manhattan and Metropolitan Street-railWay
gave some positive evidences or depression
and it was with difficulty that they rose at
any time above last Saturdays level. A fair
amount of commission house orders to buy
had accumulated over the double holiday
and helped the rise.
Dealings in bonds were in fair volume, and
were well distributed, gains being general
throughout the list. Total sales, 1920, 900.
United States old tours, coupons, advanced
&c bid price. There was sale at Ills.
decline of Bc from the last sale. Otherwise
there were no changes.
The following table. prepared by l.. w.
Louis, Room H. Board of Trade, shows the
range of quotations: