The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-12-16
STOCKS STILL RISING
MANY ACTIVE SHARES GAINED AN
OTHER POINT YESTERDAY.
AtchisOns still Leading in the Volume
of Trade and Sugar a Close Sec
Ond-LOcal Trade Active.

At New York yesterday money call was
steady at 2AG3 per cent; last loan, 2s per cent,
Prime mercantile paper, 3G4 per cent.
Sterling exchange was irregular, with actual
business in bankers bills at s4S4lk@4S4% fcr de-
mand and at s4S11k@4S1% for sixty days; COM
mercal bills, s4.SO1zQ4.s11 posted rates. Sassy
and 1856
Silver certificates. 5s1a@6Okc; Lar silver. 500
5s14c; Mexican dollars. 47c. At London bar silver
closed steady at 271zd an ounce.
Total sales of stocks yesterday, 712, 400 shares,
including 2os5O Atchison, 1880 Atchison pre-
ferred, 1850 Canada Southern, 27512 Central
Pacific, $3.50 Chesapeake & Ohio, II, 755 Chicago,
Burlington & Quincy, 3,S2S Denver & Rio Grande.
9,575 Denver & Rio Grande preferred 1900 Louis
Vile & Nashville, 500 Manhattan, sos Met
ropoitan 6.S50 Reading preferred 81, 4O5 Missouri
Pacific, 1900 Missouri, Kansas &c Texas, APO
Missouri, Kansas & Texas preferred, 1868 New
York Central 301o Northern Pacific, 5,157 Chicago
& Great Western, 400 Reading, 16,703 Rock
Island 724S Union Pacific 1880 st. Paul. 49, 595
St. Paul & Omaha, s,4S1 Southern preferred, s,7S7
Union Pacific preferred, COOL Wabash preferred,
5,s9S Wheeling & Lake Erie, 1882 Tobacco, 81, 800
Federal Steel OSLO Federal Steel preferred, II, 44O
Peoples Gas, 400 Pacific Mail. $40 Rope and
Irvine, 54,455 Sugar, 5,S45 Tennessee Coal and
Iron, - 200 Leather 1880 Leather preferred 1872
Rubber.
Many stocks on New York Change gained about
point yesterday and the market left off strong
with a good buying movement in progress. Per-
haps the most potent influence on sentiment was
the governments foreign trada statement showing
exports for November of nearly $780, 00o 000 which
was nearly seventy-eight million dollars in excess
of imports, and the excess of exports for the
five months of the fiscal year were above the
enormous sum of s243,OOO 900. Then, too, the
strength of the grain markets seemed TO indfea+ 70
continuance in the demand for products
Alternating frmness and weakness rendered the
market irregular during the forenoon. Suisse
quentIy the market shook off its hesitancy and
became buoyant on reports that the Vanderbilt
interests had purchased the Chicago & Alton
with a view to merging it with the Michigan
Central system Michigan Central Immediately
rose five points and Chicago & Alton three. SUBJ
sequently Vanderbilt official denied that such a
deal had been consummated. This, however,
failed to affect the Vanderbilt stocks which
continued upward to the close, at about the best
prices. The sustained strength of the securities
supposed to be interested in the rumored deal
aroused some comment among the traders. Lake
Shore dropped eight points on one sale. Sugar
was very irregular and moved within a radius of
two points, closing with gain of liz. Denver
preferred and Central Pacific were strong. Some
OF the usually dormant stocks received some at
tention Federal Steel shares were buoyant, the
common rising 21k.
Activity diminished somewhat in the bond mar
ket and profit-taking arrested the improvement in
some securities The general tendency, however
was decidedly upward. Total sales, s., 2S5 0OO
United States threes advanced * in the bid price
The following table, prepared by L. w. Louis
Room II, Board Of Trade, shows the range Of
quotations: