The Indianapolis journal., 1898-12-15
HEAVY STOCK TRADING
REMARK ABLE STRENGTH AND AC-
TIVFTY CONTINUES IN SHARES.
Boom i'm Americans at London Inter-
rupted During Part of the Day
Local Trade satisfactory.

At New York yesterday money on call was
steady at 24a2ls per cent; last Loan 21k per cent
Prime mercantile paper, SG4 per cent
Sterling exchange easier, with actual busi-
ness in bankers bills at $4s4A@4.Sflz for demand
and at s4s11h@4as4 for sixty days; posted rates,
S4 S2Is and SASSY: commercial bills S. sod4 so5A
Silver certificates, 59A@sOlac bar silver, 500
5915c; Mexican dollars, 47c. At London bar silver
closed quiet at q 7-lsd an ounce
Total sales stocks 76O 900 shares including 49, 125
Atchison e. 800 Atchison preferred $3.50 Balti-
& Ohio, 500 Canada Southern, 1900 Central
Pacific 91S5 Chesapeake & Ohio, 6.SSs Chicago &
Alton, 9.142 Burlington. 37OO Denver & Rio Grands
preferred 5OSS Erie preferred, 5,1O Hooking. s475
Louisville & Nashville, 1915 Manhattan 1870
Reading preferred, 2S,475 Missouri Pacific, $3.50
Missouri, Kansas G. Texas preferred, II, $50 New
York Central. s310 Northern Pacific, 1891 North
ern Pacific preferred, 24.410 Ontario & Western,
IA. 290 Reading, 5,375 Rock Island, s,479 Union
Pacific 12,715 st. Paul. 1920 Southern preferred
5000 Texas & Pacific preferred, S150 wsbash pre-
ferred, 10000 Wheeling Lake Erie, II, 1898 Tobac-
CO. AZ. 1888 Steel % 14s Steel preferred APO Peo-
pies Gas, $3.50 Pacific Mail 94,S2O Sugar, 16 39s
Tennessee Coal and Iron. 5,720 Leather, % $50
Leather preferred, 4,S2S Western Union, 1910 st.
Louis & Southwestern preferred, AGO Chicago
Great Western.
New York stocks rose fractionally yesterday In
many cases, while in some instances the gains
were very considerable. After initial hes-
fancy decided support developed in many spots.
The boom in Americans in London paused and
there were realizing sales from that quarter, but
later became firm, Sugar was fevershly heavy
all day reduction in the product and lost
21a. The decentralization in the speciality helped
buyers to make impression after midday and
prices dipped considerably, but activity ceased.
veloped The vanderbilts came into prominence.
Lake Shore rising x above yesterdays price.
Canada Southern and New York Central were
exceptionally active and moderate purchases of
other Vanderbilt properties resulted in gains in
the group of one TO three points. The strength of
that group sympathetically affected the rest of
the list. The continuance of the cold snap and
the resulting advance in coal prices at some
points benefited the cosers. The improvement
most marked in Reading and Jersey Central.
Federal Steel issues moved upward on the pub
shed report, which, however. lacked any con-
frmation, that 3 large block of floating stock
which menaced the market had been removed by
private purchases. Missouri Pacific crossed as,
which, perhaps, may be attributed to reports
circulated after the close that it would come into
possession Of the Chicago & Alton. Western
Union declined slightly the poor showing for
the six months of the fiscal year. Northern
Pacific strong in expectation of dividend
on the common which subsequently
nounced. Atchison continued its upward move
ment on board-room gossip of developments ex-
pected at next weeks meeting. Consolidated Gas,
whose plant suffered quarter of million loss
by accident Tuesday sold off sharply.
The railway bond market showed irregularity
in spots, but the underlying tone was very good
and marked gains occurred in some issues. Total
sales, &c. 100000 United States new threes and the
old fours, coupon, advanced q in the bid price.
The following table. prepared by L. w. Louis,
Room II, Board of Trade, shows the range Of
nuo atf