The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-01-19

At New York yesterday money on call
was easy at 2Q214 per cent; last loan, 212
per cent.
Prime mercantile paper. 3a4 per cent.
Sterling exchange was steady, with actual
business in bankers bis at S4.Si1904.s4A for
demand and at s4S2lz@4s22i for sixty days;
posted rates. s4SSl2 and $4S512G486; COM
mercial bills. s4Sl%.
Silver certificates, 56s4G5Sc; bar silver,
5s7sc; Mexican dollars 451zc. At London bar
silver closed dull at 26ssd an ounce.
Total sales of stocks, 1896. 200 shares, in
cluGing: Atchison preferred. 4.332; Chicago,
Burlington & Quincy, 20.2S0; Louisville &
Nashville, $50: Manhattan, 403i0; Metro
politan G297: Missouri Pacific, 6l00; New
York Central, 10000; Northern Pacific. 20,
go; Northern Pacific preferred, 1919; Read
ing. 1850; Rock Island. Also; St. Paul, 1921;
Southern preferred. 1922; Union Pacific. 21,-
620: Union Pacific, Denver & Gulf, 3.022;
Chicago Great Western. 1850; Sugar, 54,7SS:
Tennessee Coal and Iron. 5000.
Prices were slaughtered in the afternoon
trading on the New York Stock Exchange
yesterday especially those properties in
Guiding New Yo k traction ines which were
most benefited by the markets buoyancy
Monday. Prices opened with fractional APP
precautions. in sympathy with London,
buying slightly more than they sold Large
operators were not very active in the mar
ket until the raiding. There appeared TO be
& general undertone of strength in the early
transactions, but the temper gradually
changed and rumor mongers were not idle.
Among other efforts to depress the market
there was circulated an unfounded story
that the United States minister to Spain
had sought the protection of the British
embassy at Madrid. Realization of profits
by large interests aided the bear raid, un-
covering stop-loss orders, and the market
closed at or near the lowest and very weak.
Manhattan Elevated and Metropolitan
lation, but the interests that engineered the
advance in these securities seemed later to
lave changed their position. Sales under
the rule for the account of the brokers who
suspended Monday depressed Brooklyn
Rapid Transit, Cleveland, Lorain & Wheel
ing, Tennessee Coal and Iron and some of
the grangers. The Senate finance commit
tees approval of the resolution declaring
for the payment of government bonds in
either gold or silver was used by traders
as a bear card The resolution presented
in the House in the form of an amendment,
for the recognition of Cuban belligerency,
was not known until the closing hour. In
the general list the decline from the high
point ranged from l to points, but the
net losses in most cases were fractional.
The net losses over a point were follows:
Burlington, 11s Manhattan, rs, Michigan
Central, IN; Mobile & Ohio, IA: New Jer-
sey Central, IA New York, Chicago & ST.
Louis second preferred, 2; Pittsburg, Gin
cinnati, Chicago e. st. Louis preferred 1t2;
tennessee Coal ana iron, l12. among the
gains We're: American Spirits preferred, /;
Denver & Rio Grande preferred, l, and Ma
tional Starch first preferred s. Easy money
and favorable statements of railway earn
ings had little influence on prices
The bond market was well held despite
the heavy liquidations in the stock market.
Issues which have been conspicuous in the
dealings of late continued to vibrate very
violently. Total sales, $3.S40OOO. Govern
ment bonds showed some hesitancy. with
quotations for the fveS shaded.
The following table preDarpd bV l.. w
Louis, Room H. Board of Trade, shows the
range of quotations: