The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-12-20
A SENSATION IN SUGAR
SHARES TUMBLE ON RUMORED RE-
TIREMENT OF sEARLEs.
Strong UndertOne i'm the Share List
with Changes Mixed-LOcaI
Trade Fairly Active.

At New York yesterday money on call was
hTmer at 2AQS per cent; last loan, 21s per cent
Prime mercantile paper, Sq4 per cent.
Sterling exchange steady, with actual bust
ness in bankers bills at a. S41k94S SAX for demand
and at As1%94.S2 for sixty days; posted rates.
81. S2k and $4.S515; commercial bills. $4sOl2.
Silver certificates, 5s1sG6Ol4c; bar silver, 5s15c
Mexican dollars 46%c. At London bar silver
closed weak at 2715d an ounce.
Total sales Of stocks were 629 500 shares, includ-
ing 70. $40 Atchison S. $50 Atchson preferred $3.50
Baltimore G. Ohio 80 920 Central Pacific, TO- 254
Burlington, s925 Denver & Rio Grande preferred,
$40 Lake Erie & Western, 1886 Lake Erie q
Western preferred II, $50 Louisville & Nashville
1870 Manhattan 900 Metropolitan, 5000 Read
ing preferred, 1l,O2O Missouri Pacific 512O North
ern Pacific APIS Lock Island, 41,120 Union
Pacific, 5000 Union Pacific preferred, 1880 ST.
Paul, 1880 Southern Pacific, Ais Southern Rail-
way preferred 49, $40 Texas & Pacific, 1900 Paper
49, $50 Tobacco Se12O Federal Steel, 49, $40 Federal
Steel preferred, $3.50 Peoples Gas, S.72S Consoli-
dated Cas- SO $40 Sugar %, O16 Tennessee Coal and
Iron 1895 Rubber $3.50 Chicago Great Western.
The New York stock market yesterday moved
irregularly and resulted in mixed changes in
prices. The general market had good under
Tone but devoid of interesting features.
Little was done in the standard stocks and in
dustrials except Sugar which broke nearly four
points and rallied fractionaly. The confrma ton
of the report that Secretary and Treasurer
Searles would retire owing to ill health was used
in depressing Sugar. Central Pacific strong
in anticipation of a reorganization plan which
was expected to follow any settlement which the
company may make with the government. South
ern Pacific, which would benefit in any favorable
development in Central Pacific, three points.
Baltimore & Ohio stocks were affected favoraby
by reports that the Baltimore & Ohio Southwest
ern plan of reorganization well received
abroad Lake Erie & Western aggressively
strong without any new developments in the prop
erty becoming known. Metropolitan Street-rail-
way gained three points after having been COM
paratively weak. The revival Of the talk OF
underground transit probably the of
weakness in Manhattan. Prices well held
until the last hour, when there was break in
Atchison and the grangers. Traders worked for
decline the theory that such movement
was usual before the Christmas holiday. Active
bulls professed qualification at the continuance Of
outside interest in the market, which re-
hected in the undue prominence of some of the
minor stocks in the trading. Tennessee Coal and
Iron became strong and moved up two points
and the rest of the list sympathzed in this move
ment fractonally and the market left off firm
Operations in railway and miscellaneous secur-
tiles were attended with the same aggressive
show of strength which has characterized the
dealings for time Business, however, was
somewhat below recent totals and a general
d. version of interest into securities not usually
prominent Total sales, $5,SlOOOO. United States
new threes and tours advanced * in the bid price
Room II. Board OF Trade shows the range Of
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