The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-01-18

easy at 2lzq2a4 per cent; last loan, 21s per
cent.
Prime mercantile paper, Sa4 per cent.
Sterling exchange was dull, with actual
business in bankers bills at $i.S4taM4S4%
fer demand and at 4.s2A q+s2S4 for sixty
days; posted rates, $4S36p4.S3Ia and $4.S512q
4S6; commercial bills s4.S2.
Silver certificates, 5719G5SAc. Bar silver,
571sc. Mexican dollars, Acc. At London bar
silver closed fiat at 2615d an ounce.
Total sales of stock, 43S. 900 shares in
Guiding: Atchison preferred 4,03S Chicago
~ Ohio. Also; Chicago, Burlington & Quincy,
13s475; Louisville & Nashville, $3.50; Manhat-
tan, 1859; Metropolitan, z3.1S5; Hawaiian,
5,375; Missouri Pacific, 4,S01 New York Cen
trail Is, no; Northern Pacific, SO, 2S5; North
ern Pacific preferred, 24,563; Rock Island.
$3.50; ST. Paul, 1925 Southern preferred,
$500; Union Pacific. 23640; Tobacco, 4,627;
Chicago Great Western, $3.50; Peoples
Gas, 1881; General Electric, 3,40O; Sugar,
1851; Western Union, $685..
Standard shares showed a fractional i'm
provement on Change yesterday except in
the case Of some shares in which special in
iluences were operating in their favor, and
their improvement was more marked. The
dealings were widely distributed, and had a
and Saturday on the ground of possible for
eign complications were repurcEased yes
terday,' total dealings amounting to nearly
half a million shares. London and the con-
tinental bourses were sustaining factors, al
though the purchases for foreign account
were meager, as the local market early out
stripped, the foreign initiative toward a
higher level. Pronounced activity and
strength We're displayed in the local trans
pOftation shares, Metropolitan Traction
making net gain of 6i5 That security was
marked up by it's friends on rumors of
closer relations to Manhattan Elevated, ii
being reported that with the installation of
an electrical equipment for the Manhattan
Elevated Railway the Metropolitan prop
erty could effect saving by utilizing the
electrical power. This rumor, however, re-
ceiyed no published verification Sugar on
enormous transactions made net gain of
y, although in the earlier transactions there
was considerable weakness noted in that Sc
curity The old subject was brought up OF
what the result of Hawaiian annexation
would be, with free Importation of Ha
waiian sugar and the probability that by
midsummer there would be competition,
sugar retineries now being erected. Stocks
OF properties located in the Pacific north
west were generally benefited by the belief
that they would secure much traffic owing
to the Klondike boom. Oregon Railway
and Navigation Company had earnings
Burlington. st. Paul Northern Pacific and
Union Pacific were strong. The nonappear-
ance OF the Nebraska maximum freight ue-
cision sustaining factor in the days
news. Brokers seemed to give some credit
to the reports of closer relation in the man
agement of all Vanderbilt railways. Lake
Shore. Michigan Central and New York
Central were particularly strong. showing
approximate gains off, per cent. National
Lead on very small transactions was frac-
tionally higher The fact that New York
and Chicago are lending money on the Lon
don and continental markets continues 10
be a favorable factor the foreigners so tar
having liquidated their debt for America s
unparalleled exports only to the extent OF
returning some American securities. In yes
terday's market the gains of Importance
were Consolidated Gas. ,; Wells-Fargo, /;
Manhattan. 23s: Metropolitan Traction; 6l2:
Northern Pacific. 1Ss; Oregon Railway and
Navigation. i3a Oregon Railway and Navi-
CATION preferred. is4: Pttsburg, Cincinnati.
Chicago < St. Louis. Ia Western Gas Com
paIly. 2; Wisconsin Central, y, and the
stocks closed strong
The bond market showed a falling on In
transactions. but considerable undertone
fected in substantial appropriations in many
of the usually dormant issues. Seattle.
Lake Shore < Eastern firsts. trust receipts.
jumped points to - on reported com
petition for control of the road, but sub
seauently lost one-half of the rise. Wiscon-
sin Central firsts. trust receipts. were also IN
urgent demand. and gained 4 per cent The
aggregate of sales was $3.525,000 Govern
nlent bonds showed heaviness, the fives and
new tours losing slightly.
The following table. prepared by l.. W.
Louis Room II. Board of Trade, shows the
range of quotations: