The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1899-03-15
FIRM MONEY MARKET
EVERY LITTLE ADVANCE IN RATES
DEPREssEs THE STOCKS.
Total Trade I'm the Share List Gradu-
ally RecediDg from the Boom Fig
ures-LOcaI Markets Barely Firm.

At New York yesterday money on call was frm
a 3G4 per cent; last loan. 31z per cent.
Prime mercantile paper. Shqf4 per cent.
Sterling exchange was weak with actual bust
ness in bankers bills at "a 51414s511 for demand
and at "a s3H ssh for sixty days: posted rates.
81 s4lz64s5 and Ass11a4s7; commercial bills.
As2i1d4s3.
Silver certificates. nominally. 5s1zG6oisc; bar
silver, 5ss4c: Mexican dollars. 47lzc. At London
bar silver closed inactive at 271kd ounce
The total sales OF stocks 474 500 shares. in
Guiding the following: Atchson, 7.140; Atchison
preferred $50; burlington. Is. 130 Great North
ern preferred. $3.50; Hooking Coal. 4io0: Manhat-
tan. s,455; Metropolitan. 1850; Missouri Pacific.
1o59o Northern Pacific, 22.4e4: Ontario & West
5s35; Reading first preferred. $780, st. Louis
& San Francisco 1910; ST. Paul. 1870 Southern
preferred, $3.50; Texas & Pacific. 317S; Union
Pacific. $50; Union Pacific preferred. 7,o5s; Union
Pacific. Denver & Gulf. APPS; American Steel and
Wire. ~ POI; American Steel and Wire preferred.
5.6c0: Federal Steel s3O4; Fedora; Steel preferred
1856; American Spirits. 3225; Tobacco, 2s,7So
Peoples Gas. 1885: Consolidated Gas, $780,
Brooklyn Transit, 1885; Sugar. a. rs; Tennessee
Coal $3.50: Leather preferred. S433
Net changes in stock prices yesterday, were
irregular, with mostly losses prevailing. London
quotations induced a large range OF prices at the
start. Firmness in the call money market, which
ranged from 3 to per cent was a depressing
influence much OF the day. but with its easing
off Ia 1884, per cent. before the close rally set
in which wiped out earlier losses in some stocks
Union Pacific. Northern Pacific, Atchison pre-
ferred and Manhattan were under pressure most
of the day and disturbed confidence among the
other railways, which weak moderate
offerings. The weakness in Manhattan was. per-
haps. attributable to anticipation of the
issue Of stock Fear of the possible failure of
desired legislation affected Third-avenue and Con-
solidated Gas. while in connection with the lat
ter there was also talk Of increased competition.
The pronounced strength OF Tobacco. which at
one time touched 214A. was unaccompanied by any
explanatory news. Sugar displayed considerable
frmness when other points Of weakness were
appearing and ended with a small net advance.
Chicago Terminal. Hooking Coal and Iron and
Union Pacific. Denver & Gulf were features Of
strength. In the afternoon rally the granSers and
standard shares generally lifted about a
point from their low figure and retained most OF
the recovery. leaving them rreguarly changed
for the day. The calling Of some loans by the
banks for syndicate account preparatory TO the
payment OF three-ffths Of the Chicago & Alton
money due to-day. in connection with the recsnt
deal. in large measure responsible
the strength in call money. There was a reflex
money this side The sales for London &C count
for the day were estimated at q. 900 shares The
market closed firm.
There was absence OF decided tone in the
bond market for the active issues within narrow
limits. Total saies IS. Zoo United states new
fours advanced Il in the bid price.
The following table prepared by L. w. Louis.
Room II, Board OF Trade, shows the range OF
quotations: