The Indianapolis journal., 1898-12-08
STRONG STOCK MARKET
GENERALLY HIGHER PRICES
SCORED THROUGHOUT THE LIST.
The SpeciaIties Active and the Coal
erS Given a Boost on Inside Ru-
mOFs--LOcnI Trade Steady.

At New York yesterday money on call was
steady at 2l4d2h per cent; last loan 2iz per cent
Prime mercantile paper, SAG4 per cent.
Sterling exchange steady. with actual business
in bankers bills at s4s4AG4s4lk for demand and
at &.S1kG4s1A for sixty days; posted rates,
s4.S2k and $4.S51zG4S Sc; commercial bills, $4sO15.
Silver certificates 5slzQ6Olzc; bar silver,
SO 11-l6c; Mexican dollars, 1850. At London bar
silver closed easy at q 9-16d ounce.
Sales Of stocks. S19.4OO shares including 1o225
Atchson preferred, 1888 Central Pacific. 12C60
Chesapeake & Ohio, 3,025 Chicago, Burlington g.
Quincy 1880 Cleveland, Cincinnati, Chicago &
st. Louis, 4,425 Louisville G. Nashville, S,765 Mani
haitian. $3.50 Metropolitan. 4752 Northern Pacific.
5000 Rock Island, 6.755 st. Paul, 5.2OS Southern
preferred. 9.545 Wheeling & Lake Erie, $3.50
Tobacco. 1852 Steel preferred 1856 Peoples Gas,
S4SO Consolidated Gas. 1850 Sugar, S,123 Leather
preferred, 524O Rubber. 400 St. Louis 4 San
Francisco, 6,655 st. Louis & San Francisco pre-
ferred.
The New York stock market was strong
throughout. except for the slight easing off near
midday. but toward the close developed consider
able strength and left off at generally higher
prices. At the opening there was sympathetic
strength with London. where the Americans were
the feature notably Norfolk & Western preferred,
which was largely purchased intimations that
the dividend rate might be increased. Norfolk &
western preferred was quite conspicuous also III
the local dealings in both activity and strength
on the companys supposed dividend prospect.
There seemed to be but little floating supply of
this stock for the time being and prices advanced
ia On moderate purchases by London and COM
mission houses standard stocks and the inter
nationals were firm the greater part of the day
anC advanced with the rest of the list towards
the close. The high-priced specalties, including
Tobacco, Sugar and Peoples Gas showed de-
cided upward tendency. Metropolitan Traction
was erTatic, but gained fractionaly. The Pacifics
were less prominent than of late. Cleveland,
Cincinnati, Chicago & st. Louis, rejecting in
creased earnings, advanced moderately. Consoi-
dated Gas jumped points in the late dealings
and impaired good tone to the rest of the list.
The stock previously had lost 11s points The
recent prominence of the bituminous coal shares
in the market is largely attributable to current
rumors impending favorable developments In
preferred to considerable extent responsible
for the circulation Of this report.
The bond market presented many new features
of interest. Norfolk Western consul fours
loomed to the front with improvement Of
points on exceptionally heavy trading Specula-
tion generally was quite strong in tone, with the
4 per cent. mortgages Of various properties alb
sorbing the great bulk of the dealings. Total
sales, $5,50O,Oo0. United States new fours, reg
istered, and the fVes, coupon, advanced Il and
the fOurs coupon, old fOurs, registered, and
fves, registered, II in the bid price.
The following table, prepared by L. W. Louis,
Room II, Board Of Trade, shows the range of
quotations.: