The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1899-01-17
ACTIVE STOCKS DOWN
LIVELY TRADING AT THE CLOSE AND
EARLY GAINS WIPED OUT.
Heavy Market, with Foreigners Sell
lion Mark-LOcaI Trade Better.

At New York, yesterday, money on call
was steadier at 21zqS per cent; last loan,
| 215 per cent.
Prime mercantile paper, 36t314 per cent.
Sterling exchange was steady. with actual
| business in bankers bills at $4S43lGl4.S5 for
demand and at s4.82AQ4.S21. for sixty days;
posted rates, $4.631a and $4S5i3 commercial
| bills SASH.
Silver certificates, 591zQG91zc bar silver,
| $3.50; Mexican dollars, 474o. AT London bar
silver closed at 279sd an ounce.
The total sales of stocks Monday were
| 1,O2o, 400 shares, including: Atcnison, 1926;
Atchison preferred, Il, $50; Central Pacific,
H. 265; Chesapeake & Ohio, s,S25; burlington,
As, 720; Chicago & Eastern Illinois, 1920;
Erie, 500; Erie preferred. 100; Great
Northern preferred $500; Illinois Central,
$780, Lake Erie & Western preferred $3.50;
Louisville & Nashville, 1920; Manhattan,
1900; Metropolitan, 1899; Reading pre-
ferred, 1920; Missouri Pacific, 1880; Mis-
souri,, Kansas & Texas preferred, $780, New
York Central, 1920; Northern Pacific, 1920;
Northern Pacific preferred, 1880; Ontario
& Western, 1900; Reading $500; Rock
Island, $4,000; Union Pacific, 1920; St. Paul,
Al, $40; Southern Pacific, 1880; Southern, o.,
SEQ; Southern preferred, 292c0; Union Pa
cihc preferred, 11220; Cotton Oil, 10,150;
American Tobacco, 1885; Steel, 110,200; Steel
preferred, 1880; Peoples Gas, 1890; Colo
RADIO Fuel and Iron, 6, 735; Brooklyn Transit,
80, $50; Lead, $3.50; Pacific Mail, 1870; Sugar,
$500; Tennessee Coal and Iron, l2,9J9;
Leather, 4210; Leather preferred, 1880; Chi
cago Great w estern, $500.
The week on the New York Stock Ex-
change opened with transactions again
reaching the million share mark resulting
in irregular net changes, losses prevailing.
London, it was estimat ted sold altogether
Oh ho1n RI h n ut ia
amount in the first quarter of an hour
There was nc news marketwise of any i'm
portance. Standard stocks were in heavy de-
mand in the forenoon, all the grangers max
ing new records for high prices. The evil.
dence of support to leading stocks was fol-
lowed by bursts of strength elsewhere aft
or a period of hesitancy in the early deal
ings. There was a rise in Federal Steel on
the continued good demand for iron prod
ucts, but the advantage gained was not fully
retained. Among other specialties where re-
newed interests was displayed were Metro
ferred and American Steel, while Air Brake
made a substantial advance of II points. The
Pacific stocks were weak all day. The heavy
London selling of assistance to many
board room traders in bringing about d re-
action in the final dealings, although earlier
in the day when prices were offered down
there was an increase of buying instead of
! selling orders brought into the market. 1t
was in the last half hour that practically
all of the earlier gains in the market were
lost and in a number of shares the prices
were carried sharply below Saturdays close,
ana especially Union racine Northerh "a
cific Louisville. Manhattan, Southern pre-
ferred, Omaha and Kansas & Texas pre-
| ferred. Previously the market has been
rather quiet on declines. but the greatest
activity to-day was toward the close, when
prices ran off. Among the coalers, Reading
first and second preferred suffered about
point. Heavy liquidation in Lake Erie q
| Western preferred dropped the price Of that
stock points.
The bond market maintained a very
good tone during the greater part of the
day, but suffered somewhat in common with
the stock speculation in the late selling.
| Total sales. $4,S15000. United States
tours, registered, advanced % and new tours,
| coupon the threes and tours, registered, and
| the fives coupon, Il in the bid price.
| The following table, prepared by L. w.
Louis, Room II, Board of Trade shows the
| of nuOtatiOnS.