The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-06-03
ACTIVE SILVER DEMAND
HIGHEST PRICE PAID FOR BAR SILL
YER SINCE LAST OCTOBER.
Stocks Irregular in Movement and
Many High-Priced Shares Fall
Local Trade Is Active.
At New York yesterday money on call

At New York yesterday money on call
was 1AQ2 per cent; last loan, 11h.
Prime mercantile paper, BOA per cent
Sterling exchange was firm, with actual
business in bankers bills at 81 S6@4. S614 for
demand and $4S4Q4S414 for sixty days; post
ed rates, 4S41aG4.85 and $4861aQ4S7; COM
rlercial bills, $4.S394S3k
Silver certificates 591zd6Oc; bar silver,
5s7sc; Mexican dollars, 4515c. The silver
market was active and strong, the demand
being attributed to Spain. Sales were made
at 591sc for bar silver, price which has
not been equaled since last October. At
London bar silver closed strong at 27Ad an
ounce
Total sales Of stocks, 431, 300 shares, includ-
ms: Atchison preferred 11,OSO; c. & O.,
$3.50; c., B. G. O.. 23,059; Chicago & Eastern
Illinois, 1902; Erie preferred, 1877; L. & N,
1866; Manhattan, $3.50; Reading preferred,
26,4s0; Missouri Pacific, $3.50; New York
Central, 1850; Northern Pacific, q, 73O;
Northern Pacific preferred, 81 $50; Reading,
$3.50; Rock Island, 10000; st. l.. & S. F. Sec
ond preferred, 1850; ST. Paul, Is, 736; South
ern, 4,547 Southern preferred, 1885; Union
Pacific preferred, 633l5; Tobacco, 1860;
Chicago Great Western, 6,025; Peoples
Gas, 1862; Lead. 9,915; Pacific Mail, 1850;
Sugar, 1916; Leather preferred, 1890.
The tendencies in the New York stock
market yesterday were much mixed and at
times so conflicting as to make any general
view confusing and difficult. In a general
way 1t may be stated that the high-priceG
ea1elS of the market, with the single eX-
ceptien of Sugar, came to a halt, and even
receded. while the low-priced stocks, both
IN the railroad and industrial lists. were
lifted to a level more commensurate with
the high level attained by the leaders. The
grangers, except Burlington, all closed
lower than Wednesday night. Burlington
was sustained by rumorS of approaching ac-
ton towards refunding some of its high in
terest-bearing bonds. The very cheap rates
for money have, in fact, reawakened inter
est in a number of refunding and reorganiz-
outbreak of the war. Peoples Gas was also
clearly under pressure of realizing. The
losses In this class of securities are in no
case or much consequence The low-priced
road companies, were taken up in a vigor-
Gus way and very generally advanced
Union Pacific preferred led in this class
and was very heavily bought all day, clos
Brake made a jump of nearly five points,
but did not hold all the gain. The interna-
uonal stocks suffered from selling for Lon
don account. London being apparently i'm
pressed with Spanish reports of the naval
engagement at Santiago. The local New
York traction stocks radiated some degree
of depression. Sugar occupied a leading
place both in point of activity and strength.
Wednesdays activity in bonds was not
fully maintained, but prices advanced more
generally than in the stock market. Total
sales, $335O,O00. United States fives advanced
II, the new fves, regular, II, and new fives,
was a. sale of new tours, coupon, at 1895 a
rise of "a per cent. over the last sale
The following table prepared by L. w
Louis Room H., Board of Trade shows the