The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1899-01-13
STOCKS RANGE HIGHER
ANOTHER DAY OF ENORMOUS SALES
ON NEW YORK EXCHANGE.
shorts Deing Squeezed Whenever OPP
pOrtunity Ofers-LOcaI Markets
Under the Weather.

At New York yesterday money on call
was steady at 21aq2s4 per cent; last loan,
2la per cent.
Prime mercantile paper. 3n32 per cent.
Sterling exchange was steady, with ac
tual business in bankers bills at $4.S4149
4.S4s4 for demand and at $4.S2d4s21a for six
" days; posted rates, $4S3 and $4.S512; COM
mercial bills. 4a04Ss4.
Silver certificates, 59l5Q601zc; bar silver,
59Ac; Mexican dollars, 1850. Al London
bar silver closed steady at q 5-1Gd an ounce.
ounce.
Total sales of stocks, s9S 400 shares. in
GLIDING: Atchison, 1860: Atchison pre-
ferred, $4,000 Central Pacific, 1920; c. & O.,
1900; Baltimore & Ohio, 81, 40; c., c., c. &
St. L., 1885; Delaware & Hudson, 845s;
Great Northern preferred, 7,000 Illinois
Central, 9,193; Louisville & Nashville, 1920;
Manhattan, 29,2OO Reading preferred, 1850;
Missouri Pacific, 1920; New Jersey Central,
10000; New York Central, $780, Northern
Pacific, 11090O; Northern Pacific preferred,
%, go; Reading, 10000; Rock Island, 1900;
St. L. & S. w. second preferred, $500;
Union Pacific, 46, 100; st. Paul. 21,400; South
ern Pacific, SO, 800; Southern Railroad, 11000;
Southern Railroad preferred 20,200; Union
Pacific preferred, 25 800; Wheeling & Lake
Erie, $500; Paper, 500; Cotton Oil, 1900;
Steel, 1880 Steel preferred, 600; Peoples
Gas, $500; Consolidated Gas, $500; Brooklyn
Rapid Transit, 45,C00 Sugar 80, 200; Leather
preferred, AGO; Western Union, 5000; Chi
cago Great Western, $780,
The net changes in prices for Che day on
New York Change yesterday were rather
mixed, but with preponderance of gains
The movements seemed largely to be the
outcome of an organized combination
against the short interest. One group of
| OF 1Iy, %t,ar cd IasaxF mo
the bears in doubt where the next move
ment would set in. The activity and
strength was in the gilt-edged railway
shares, and each successiveIy drffted into
the Pacifics, the Flower stocks and then
| back into the Pacifics again. Great North
ern preferred made an extreme gain OF IA
Pennsylvania 4, Jersey Central 4, American
District Telegraph 512. Third Avenue 3,
Brooklyn Transit Pc Norfolk 6, Western
| part Of which gains were lost in the late
dealings. The iron and steel shares showed
tagging tendency. although they, too en-
| joyed periods of strength. London was
again a seller on balance, although arbi-
! TRACE dealings were somewhat interrupted
| as the cable worked poorly. The advance
! in Pennsylvania, il was assumed, had some
! relation to closer union between its East
| ern and Western connections Predictions
! of a very favorable December statement
| stimulated interest in Burlington. North
| ern Pacific was strong on rather indefinite
! rumors to the effect that some arrange
! ment of their differences with rival COM
y
| Central rumor had it, were by insiders in
| expectation of increased traffic because of
| new Industries recently established along
| the line. The extent of recent sales for
London account is shown by the large Dor
| rowing of stocks in the New Y rk market
| until the stocks should arrive from the other
| side. 1t is estimated that fully 10000 shares
| of such stock are now borrowed here. of
| which 100000 are expected to arrive by Sat
! urday week. Chicago is displaying great in
! terest in the New York market, and it is es-
| timated that nearly a quarter of the bust
ness the exchange comes over Chicago
| wires. Transactions in stocks were little
| short of a million shares Realizations in
| the final dealings gave the market a heavy
! tone a the closing.
Improvements occurred in bond prices
| during the forenoon but the market later
| showed weakness in spots and closed irregu-
| lar. Total sales, $5,135 000 United States
old fours, registered, advanced "A in the bid
| price.
The following table, prepared by L. w.
| range of quotations: