The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1899-02-24
OVER A MILLION SHARES
DEALINGS ON CHANGE AGAIN SHOW
ENORMOUS FIGURES.
Tobacco Advances, but Marked slump
I'm Nearly Everything Else ON h
List-LOcaI Trade quiet.
At New York Yesterday money on call was 21E@s

At New York yesterday money on call was zHsg3
per cent; last loan, 2h per cent.
Prime mercantile paper, 2AG3A per cent
Sterling exchange was steady. with actual busi-
ness in bankers bills at $.S6AG4S6A for demand
and at $4s4@4.s4A for sixty days; posted rates.
S4.s4K04.@ and %.s6hG4.S7; commercial bills,
$4.sSA.
Silver certificates, nominal. 59k0SOhc; bar sill
yer, 5s1zc; Mexican dollars. 47Ac. At London bar
silver closed dull at 27 7-16d an ounce.
Total sales Of stocks, 1,O11. 400 shares, including
&c, 200 Atchison, 1850 Atchison preferred. 1910
Central Pacific. 4,5O5 Chesapeake & Ohio, $3.50
Burlington, 1900 Denver & Rio Grande. 1880 Erie
preferred, II, $40 Louisville & Nashville. 1890
Manhattan, $3.50 Metropolitan, S9,01S Reading
preferred, $500 Minneapolis & st. Louis, 1880
Missouri Pacific, 13, 700 Missouri, Kansas & Texas
preferred, 11,672 Jersey Central, 1920 New York
Central, 1920 North American, 6,42O Northern
Pacific, 46. 200 Ontario & Western, 6,22O Reading,
O.5aO Rock Island, 1880 Union Pacific, 2S,059 st.
Paul, $3.50 Southern Pacific, 800 Southern pre-
ferTed, 100, COG Tobacco, ESQ Federal Steel, 1850
Union Pacific preferred, s,760 Federal Steel pre-
ferred, S,72O Peoples Gas, 1905 Consolidated Gas,
3,S09 General Electric. 5000 Pacific Mail, 1920
Sugar, 1923 Tennessee Coal and Iron, $500
Leather, APO Leather preferred, 5.595 Rubber.
$3.50 Western Union.
Yesterdays New York stock market, on deal
ings in excess of a million shares, was extremely
cratic and the net results showed honors about
even between the bulls and bears. The most sig
nihcant losses were made in Sugar and the
granger group, Burlington figuring for 315. The
leaders in the other column were Tobacco, the
Minneapolis & st. Louis shares and Third Ave-
nue.. The market opened strong, with a consid-
cradle demand for foreign account, London taking
fully 10000 shares, over half of which was Atchi-
son. Plenty of selling orders appeared and prices
receded from the opening figures, in some cases
sharply. A rally ensued, with Tobacco, the
coalers and the grangers being prominent. To-
bacco's strength was accompanied by an an
nouncement that a settlement with opposition
concerns was imminent which involved a con-
solidation of interests. The action of the Bur-
lington directors on the rufunding schedule was
not fulfilling expectations entertained in some
quarters and there was a sharp break in that
property, which was accompanied by a stimuli
taneous break in Sugar. A report was circulated
widely that a large issue of new government
bonds was impending and this attended a sharp
raid. The information was said to have been
received in a private dispatch, but no confrma-
ton was obtainable. Tobacco fluctuations on the
various reports were very sensational. 1t opened
UP seven points at IT'S and slid off to 172, rallied
to 1S9 and closed at 1856. One Interpretation of
the deal @ported was that the rival company,
Union Tobacco, was to be transferred to the
Continental Company, which is owned by the
American Tobacco Company. Metropolitan, after
dropping four points from the opening, rallied 5a
and closed a point off, while Third Avenue lost
about half Of an eight-point rise. Consolidated
Gas worked up AZ and then suffered a decided
break. Minneapolis & st. Louis shot up about
seven points and the second preferred six points
on rumors that the directors might retire the
company's first preferred. Special strength was
shown by American Steel gaining three points
when the general list was crumbling. This was
due to glowing reports of the company's business
which emanated from parties connected with the
property. Sugar was supported In the early deal
ings. but ended with a ~ive-point loss. The coal
ers averaged over a point up, with Jersey Central
exceptionally jumping 3s on renewed reports OF
progress toward regulating the coal trade. The
market closed irregular. with a weak undertOne.
The bond market displayed a marked degree of
strength which was not influenced by the block
in stock prices until the close. when some issues
yielded In sympathy. Total sales, S. $50, 900.
United States threes declined B in the bid price.
The following table, prepared by L. w. Louis.
Room IL, Board OF Trade, shows the range Of
quotations: