The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-12-17
LESS ACTIVE STOCKS
TRANSACTIONS STILL HEAVY, HOW
EVER, AND CHANGES THRILLING.
Federal steel Leads the Market, with
Local Trade Strong.

At New York, yesterday, money on call
was steady at 214a214 per cent; last loan,
215 per cent.
Prime mercantile paper, 3Q4 per cent.
Sterling exchange was steady with actual
business in bankers bills at $4.S41a for de-
mand, and at $4S11a94s1% for sixty days;
posted rates. $4.S21z and "a. S51z; commercial
bills, $4.S0a4.
Silver certificates, 591kd6O1lc; bar silver,
$3.50; Mexican dollars 47c. At London bar
silver closed steady at 27 Sled an ounce
Total sales of stocks 1872 800 shares, includ-
ing 1900 Atchison, 81. $40 Atchison preferred
9.s75 Canada Southern, 27,240 Central Pacific,
25,77O Chicago, Burlington & Quincy, II $40
Denver & Rio Grande preferred, 7245 Louis
vile & Nashville 1850 Manhattan 1890
Metropolitan, $500 Reading preferred, $3.50
Minneapolis & st. Louis, 12,715 Missouri,
Kansas & Texas preferred, 1850 New York
Central, 1921 Northern Pacific, 1890 North
ern Pacific preferred, 7,730 Ohio &, Western.
S,455 Rock Island 12,525 Union Pacific.
2O,403 st. Paul, $3.50 st. Paul & Omaha
4570 Southern Pacific, $40 Southern Rail-
way. 1874 Southern Railway preferred, % $50
Union Pacific preferred. 1896 Lake Erie &
Western, 6210 Tobacco. 1853 Federal Steel,
IS. 1888 Federal Steel preferred, $3.50 Peoples
Gas, 15S 800 Lead, $40 Pacific Mail $3.50 Rope
and Irvine. 1882 Sugar, $3.50 Tennessee Coal
and Iron, 1850 Leather preferred, 12,27S Rub
her, 3,715 Chicago Great Western.
The trading on New York Stock Exchange,
yesterday, resulted in only trifling changes
in prominent stocks. The speculative public
of England was active on both sides, with
purchases on balance slightly in excess of
sales. Trading at New York was less active
than of late, but very strong undertone
was in evidence. The traders seemed large
ly on the short side, while there was buy
ing by commission houses and pool sup
port. Speculation during the forenoon was
very irregular, but variations generally were
not very significant, except in a few cases.
The market became dull with the cancella-
ton of orders in commission houses. In the
afternoon number of hitherto neglected
stocks were taken up and advanced sharply
Pittsburg, Cincinnati, Chicago & St. Louis
leading with a jump of GA, but improve
ment was almost eradicated in the late
slump, the revamping of the old story of
the Chicago Alton passing into new hands
of Missouri Pacific or Michigan Central as
the former rumOrs had it. To this tale,
perhaps, was due rise in Union Pacific.
In the last hour the bears by concerted
action reached stop-loss orders and carried
prices off from l to points generally. BY
delivery hour the movement petered out,
but after period of dullness prices picked
up all around. Newspaper articles treating
of the sugar trade war resulted in sharp
TlS6 III LndL StOCh DIT TIE OpeHlIlS WHICH
was soon last, the closing being at Thurs
day nights figures. Rubber continued it's
weakness of Thursday, losing two points.
Brooklyn Traction was very strong, crossing
"a on intimations that long expected deal
in that property might be looked for soon.
The grangers were very strong most OF the
day, but reacted with the rest of the list on
the bear side.
The feature of the bond market was the
enormous transactions in Baltimore & Ohio
S13s. Two transactions that attracted con-
siderable attention were of $513, 900 and $685.
GOO at SO. Immediate transactions included
many blocks of 100000 and over. The gen.
eral tone very unsettled with the semi
speculative issues tending lower Total
sales, SIS, $50, 900. United States new tours
and the fives, coupon, advanced H. and the
threes and old tours and fives, registered
Il in the bid price.
The following table. prepared by l.. W.
Louis, Room H. Board of Trade shows the
ra npe of nuOt q tons: