The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1899-03-24
STOCKS SHOW STRENGTH
RAILWAY SHARES MORE ACTIVE AND
GOOD GAINS SCORED.
Specialties Less Prominent i'm the
Dealings and Prices Steady
Local Trade Only Fair.

AT New York yesterday money on call was
firm at 4n5 per cent; last loan. Az per cent.
Prime mercantile paper. 3Ad4A per cent.
Sterling excange was steady. with actual
business in bankers bill at A.s5d4S512 for
demand and at s4.s3ikd4S3h for sixty days;
posted rates, AS4d4A1a and s4.S6l2; COM
mercial bills. 81. S21hG4 s2a4
Silver certificates, nominally, 6ed601zc;
bar silver. 595sc: Mexican dollars. 47l6c. At
London bar silver closed steady at q 7-16d
an ounce.
The total sales of stocks were 722. 400
shares, including the following: Atchison
preferred. 21.559: Central Pacific, $500; Bur-
lington. 5000; Delaware & Hudson 300;
Delaware, Lackawanna a. Western, 6.420:
Erie first preferred. 1910: Illinois Central,
4540; Manhattan. p, 435; Metropolitan 1859:
Reading. first preferred 4l26S; Missouri
Kansas & Texas preferred, $685. Jersey
Central. $3.50: New York Central, 3,720;
North American Company. 1900; Reading
5000; Rock Island, 1926; Ontario & West
ern, 23,32O; Union Pacific, APO: St. Paul
ex. dividend 12.210; Southern Pacific. $780,
Southern, 5000; Southern preferred. 1898
Union Pacific preferred, sos; American
Steel and Wire. 1865; Tobacco. 1866; Fed
eral Steel. 1859; Federal Steel preferred
4451; Peoples Gas. As. 255: Consolidated Gas
9159; General Electric, 1882; Brooklyn Tran
sit 35. 40: Sugar. 64.72o; St. Louis & South
western, S,735; st. Louis & southwestern
preferred. 11eO0; Tennessee Coal, n,SlO; Chi
cago Great Western, 10, 400.
The New York stock market took on an
appearance of strength yesterday, and the
dealings of about three quarters of a mil
lion shares were largely centered in the
lit, 4IA
down some of the advance, giving the net
Improvement generally slight. The ex-
pected early adjournment of the New Jer-
sey Legislature was used as bull card
among the coalers. on the ground that it
lessened the prospects of hostile legislation
against the rumored anthracite deal. Lack
awanna made the extreme advance of 3l2c.
There was talk also of a lease of the Jersey
Central to the Reading Company. Peoples
Gas gained 2% in anticipation of the adj
journment of the Illinois Legislature and
on the gossip of a possible consolidation
with an electric lighting company. The
dealings in Burlington were even in excess
of those in Sugar the late leader in point
of activity, and a gain of 2 points resulted
in that railway security. A large short in
terest was said to have existed in Burling-
| ton, and the movement resulted from the
| covering of bear stop-loss orders. The 9TH
| er grangers sympathized in the movement
| to less extent. Strength appeared among
| such low-priced shares as st. Louis &
Southwestern and Kansas City, Pittsburg
& Gulf, but the latter failed to hold its adj
vance. Among the usually neglected stocks
Chicago & Eastern Illinois became active
and moved up points. Southern preferred
made a fractional advance on rumors that
the control of the Louisville. Evansville &
st. Louis Railway had been obtained. Co
incidentally the bonds of the latter company
ran off The Pacifcs, on moderate trading.
held their own Local transportation shares
moved narrowly, excepting Manhattan,
which lost over a point. Tobacco stocks
were slightly improved. and Sugar left off
3A points down gossip that the most
active bulls had liquidated. Air Brake re-
covered IL points of its recent decline. and
the market left off with a fairly good tone.
Bond prices to-day showed improvements
in, many cases, with an exceptional rise in
Brooklyn Elevated fves. The market in
general moved irregularly. but losses were
trivial. Total sales. So 100000 United States
new threes advanced II, while the new
tours declined as much in the bid price.
The following table, prepared by l.. w.
Louis, Room IL. Board of Trade, shows the
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