The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-11-03
STOCKS ALL DEPRESSED
FEELING GROWING OUT OF FOREIGN
POLITICAL SITUATION.
international Shares in Wall Street
Suffered Marked DecIines-LOcaI
Trade Excellent.

At New York yesterday money on cal was
steady at 11zQ2 per cent: last loan, per cent
Prime mercantile Paper. SA@4A per cent
Sterling exchange was firm, with actual business
In bankers bills at $4-s604S6A for demand and
at s4S2%@4SS for six days; posted rates, s4.S3A
and s4.sS18G4.s7; commercial bills A.s11zQ4.S2.
Silver certificates, 61AQ6-c; ar silver, 6iasc;
Mexican dollars, 47asc. At London bar silver
closed uncertain at 70 S-16d ounce.
Total sales Of sto ks were 24170O shares. in lud-
ing: Atchison preferred, 4 AZ; Burlington, 9l20;
Louisville & Nashville. 1883; Manhattan $50;
Nortf ern Pacific. 1885, Rock Island 5sS5; Union
Pacific, 1856; St. Paul, II, 200 Tobacco, 55,0,7;
Feieral Steel, H,747; Federal Steel preferred,
2077z; Sugar, 49, $50; Chicago Great Western, $780,
The news detailing the hostile preparations Of
the British and Russian fleets in Chinese waters
gees lar to explain the recent uneasnass manifest
on the London Exchange in spite of the apparent
subsistence of the Anyo-French controversy. The
movement of securities undsnably shows the
progress Of important diplomatic movements
among the old-world powers, carrying with them
the threat Of oIen rupture. There was sharp
fall in consols and strong market in Liverpool
for wheat, which only yielded the failure Of
the American markets to respond fully because OF
the large receipts at primary points and tie
liquidation of large speculative lines in Chicago.
The persistent demand for export, however,
worked a rally in the American grain market be-
lore the close. Selling securities Tor London &C
count in the New York market was feature of
the day and the international stocks especially
Norfolk Western preferred, Denver 81 Rio
Grande preferred and Kansas & Texas preferred,
the heaviest losers among the railroad stocks
Aside from this there was general tendsney TO
stand by and watch the fireworks among the in
dustrial spec-alties, allowing the market lapse
into the proverbial prediction dulAess Tho
pro- es onal tracers natura y turned to the short
side in such market. but bear I'll, $ wee not
aggressive. In Sugar, Tobacco and Federal Steel
tie recent Cr-er OF was reve. sci, the first
named showing strength all day mysterious
intimaton OF coming favorable development hts.
which induced mAny bears to cov,r. Tobacco
drol ped "a points in the first five minutes OF
trading and fuctuated feverlshy for the rest OF
the day betN that and last nights pri e, the
continuous bewudern1ent of all but those who
regulated the movement. The Industrious lifting
ederal Steel which has been going On for
some time past was axed and prices went Off
>1bT1A the best for the common and pre-
Serred, resi- ectivey. Mime sofa Iron lost ga
POINTS limos Steel Did down points and
tenness ee oaI and Colorado Fuel fell 1Q112.
Dealings in the newly Launched Standard Distli-
ling stick were allowed to lapse in view of the
prevailing depression in the market. The only
oCher feature was the wide ement in some
stocks that are seldom ed, including a. rise
OF 3 Joints in New York, La kawanna q West
ern and a Iall OF as much in new Haven. There
wire some oeangS In odd lots IN othor g1t-eISe
sJocES.
ne bond market was only moderately active.
Total sa4es, s2,0-6,00j. Unit, .tates old tours
coupon, advanced A in the bid price,
ne Following Iable' p epared py Il. w. Louis.
Rom II. BoaLd Of 4rade, shows the range of
quotations: