The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-12-30
STOCK LIST IS STRONG
AFTER EARLY WEAKNESS SHARES
WE'RE FIRM, CLOSING HIGHER.
Money Rates Advance Slightly and
More Talk of Gold Imports NexC
Week-LOcaI Trade Stagnant.

| At New York yesterday money on call was
| steady at ga per cent; last loan, per cent.
Prime mercantile paper. SaSA per cent.
| Sterling exchange was frmer, with actual bust
ness in bankers bills at s4.s4AG4s41z for demand
| and at s4.S1%@4.S2 for sixty days; posted rates,
| slS21s and s4.s51s commercial bills, $4sG@4.S1
Silver certificates. 5s1sq6O14c; bar silver, 591ac;
Mexican dollars. 4e5sc. At London bar silver
closed quiet at q 5-16d an ounce.
| Foreign bankers in New York said yesterday
that sterling exchange rates sufficiently low
to permit of the importation of gold and that 1t
was not unlikely that some more would come in
| January: that imports really depended the
rates for money here. If there need for the
| gold here some would undoubtedly come. 1t
would be easy, the bankers said, to bring in
| $50, COO. eco of gold If any such needed.
The total sales of stocks were 1874 100 shares,
Guiding 7,552 Atchison, 1880 Atchson preferred.
3101G Central Pacific 10, $50 Chicago, Burlington
| g. Quincy, $500 Chicago Eastern Illinois, 1911
Erie preferred 1850 Louisville G. Nashville, 1850
| Manhattan, S1,S60 Reading preferred, O52O Mis-
| souri, Pacific, 1876 New Jersey Central. lao
| Northern Pacific 2O.62O Reading 23.720 Rock
Island, 21e5O Union Pacific, 1850 st. Paul, $500
Southern Pacific, $500 Southern preferred, $500
| Texas & Pacific, 5000 Union Pacific preferred,
| 300 Wheeling & Lake Erie, 12.2l1 Paper 4,S1O
Paper preferred, 5,475 Cotton Oil, 1920 Tobacco,
1880 Steel, 16s3O Steel preferred. 1905 Peoples
Gas, 1,740 Pacific Mail 50 $40 Sugar, 7,45O Leather
preferred, 4,11O Chicago Great Western.
After an early period of hesitancy and irreg-
ularity, New York stocks yesterday resumed their
| upward movement. In some stocks the advance
| was large, while in standard shares it was con-
| fined to fractions. The trading was broad and
| there were few laggards in the advance. Although
London moderate buyer on balance there
was disposition in the early trading in that
| quarter to be very. cautious after Wednesdays
decline on this side The tendency in the home
| trade at first downward alphabetically
with the early foreign prices. The grangers and
| Pacfcs off fractionally and professional
| traders worked for a reaction, but found few
vulnerable spots, all offerings were absorbed
| by commission house orders. Sugar was marked
| up the shorts, who had put out large lines
| because of the disturbing factors in the trade
| situation. The favorable November reports, that
| of Jersey. published Wednesday. and that of
| Reading, published yesterday, the latter road
showing increase in surplus Of nearly $169, COO
| for the month, were instrumental in rousng
| newed interest in the anthracites The strength
| developed there was attributable in part to re-
| newed reports Of advance in coal prices with
| the first Of the year. Erie first preferred rose
| sympathetically. The recuperation of the market
! spread from one group to another and the rates
for money, which had advanced slightly. grad
| ually eased off with the plentiful supply to very
| low figures The grangers rallied point or more
| from the low figures and sellers of Wednesday
| were purchasers yesterday of Central Pacific,
| which advanced over per cent and the other
4 Pacihcs improved in lesser degree. Pittsburg.
| Columbus. Cincinnati & st. Louis and Chicago G.
| Eastern Illinois recorded high records New
| York Air-brake made an extreme rise Of 915, ac-
| companed by talk of a favorable judicial de-
| cision American Cotton Oil, Bay State Gas and
| Federal Steel all strong. There was talk of
| new deal in Bay State Gas to account for the
rise. The closing was strong at the top in most
| cases and at slight concessions from the best in
| others.
The bond market showed early hesitancy, but
later rose strongly with substantial gains in some
| cases. Total sales, $4,415.OO0. United States
| threes advanced and the tours * in the
| bid price The old tours, registered, fell off *.
The following table, prepared by L.. w. Louis,
| Room H. Board Of Trade, shows the range Of
| rrsOf