The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-10-06
AN ADVANCE in STOCKS
SUGAR CARRIED UPWARD AFTER A
DAMAGING EARLY RAID.
Specialties Led in Activity Over
Railway shares, which Were Also
Stronghold Trade Active.

At New York, yesterday. money on call
was 2a2z per cent; last loan Pc per cent.
Prime mercantile paper, 31kG415 per cent.
Sterling exchange was firmer with actual
business in bankers bills at 4S4lsG4S4l4 for
demand and at s4s1s4 for sixty days posted
rates, S4.S21a and $4S5; commercial bills,
$4H.
Silver certificates, 60d6Os4c; bar silver Goo;
Mexican dollars, 1910. AT London, bar sill
yer was dull at n 13-16d an ounce.
Total sales of stocks were 402 355 shares,
including: Atchison preferred, 25,9O0; Chi
cago. Burlington & Quincy, 1O,39O Manhat-
tan, 1905; Metropolitan Street-railway,
1O.725; Northern Pacific, 2S,520; Northern
Pacific preferred, 400; Rock Island, 1883;
st. Paul, 1890; Union Pacific preferred,
1888; Union Pacific, Denver & Gulf, $500;
Tobacco. 10000; Peoples Gas, 2, 100; Sugar,
u.s. 1893.
Speculative attention was directed to the
American Sugar Refining Company's shares
on the Stock Exchange yesterday by the
cut in the price of the various grades of
the product. Advices from the sugar dis
trct were that dealers were holding off in
expectation of further reductions and that
a lively war in the trade was looked for
Wall street received the various develop
ments with some concern as it was felt
that renewed liquidation in Sugar would
tend to deprive the market of the outside
support which it was now experiencing
and that the efforts which were making to
sustain various specialties would be aban-
doned. Subsequent developments however,
served to reassure the street." as support
ing orders were placed all around and the
drop in Sugar of points, to 112A, was
without appreciate effect. The firmness of
the general market, coupled with open
buying of other industrials by a leading in
terest, brought about late rally of points
in Sugar. Irregularity was quite pro-
nounced throughout the day and the list
gave little semblance of strength except for
a brief interval at the start and again in
the late session. The absence of a decisive
tone led to the cancellation of some com
mission house orders and London also alter
nately bought and sold. Local traction
sponded readily in either direction to the
usual assortment of rumors respecting the
status of the negotiations with the Western
manufacturers. Peoples Cas- after period
of neglect doomed into prominence and
bounded up points on reports of an ami
cable adjustment of recent difficulties Fluc-
tuations in the railway stocks were confined
within narrow limits, except in one or two
cases Northern Pacific common making an
early conspicuous display of weakness. I'M
provement in grain prices, coupled with the
heavy export demand, exerted a sustaining
influence on the Western shares, which Off
set the frequent gyratiOnS of the special
ties. Final dealings were characterized by
strength, but net changes are irregular.
brisk demand developed for the bond is
sues OF reorganized properties and those in
process of rehabilitation, but realizationS
in Denver & Gulf 6rsts wiped out the i'm
provement established. Total sales S. $780,.
0OO Government bonds were unchanged all
around in bid prices.
The following table. prepared by l.. w.
Louis, Room II, Board of Trade, shows the
range of quotations.: