The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1899-02-18
THE BULLS IN CONTROL
STOCKS OF ALL DESCRIPTION SELL
ING HIGHER ON 'CHANGE.
Burlington Continues It's Sensational
Upward MOvement-LOcal Trade
Active and Prices Up.

At New York yesterday money on call was
steady at 21a@2Ib per cent; last loan 25 per cent
Prime mercantile paper 2%93h per cent.
Sterling exchange was steady, with actual bust
ness in bankers bills at S4.S6q4S64 for demand
and at 4s4a4.s44 for sixty days; posted rates.
s. IS and s4s7; commercial bills. S4sSq4SS12
Silver certificates. 5snG6O15; bar silver. $780,
Mexican dollars, 47Ac At London bar silver
closed steady at 2716d ounce
Total sales Of stocks, s45.2OO shares, including
5000 Atchison, 2S 800 Atchison preferred, 49, $50
Central Pacific 1ss 800 Burlington 4,900 Cleveland
Cincinnati, Chicago & st. Louis, $40 Denver q
Rio Grande. $3.50 Illinois Central, 6,420 Louisville
& Nashville, $40 Manhattan, 500 Metropolitan.
S. 600 Reading preferred, 1880 Missouri Pacific
4,423 Missouri Kansas & Texas preferred, 5000
Chicago. indianapolis & Louisville, 400 New
Jersey Central, 1890 New York Central, 100
Northern Pacific, 1920 Northern Pacific preferred,
5.1S7 Ontario & Western, 1890 Reading preferred,
450O Rock Island, 49, 12O Union Pacific, 15M ST.
Paul, 20 800 Southern Pacific, 300 Southern, $3.50
Southern preferred 1900 Union Pacific preferred.
1S6 900 Cotton OIL 67,7OO Tobacco, 1880 Federal
Steel 24oOO Federal Steel preferred 1850 Peoples
Cas- 1920 Brooklyn Transit, %. 100 Sugar, 1000
Tennessee Coal and Iron, $500 Leather preferred,
$500 Rubber. $500 St. Louis & Southwestern pre-
ferred, 1850 Chicago Great Western.
There were advances in stock prices on New
York Change yesterday which were material in
the standard stocks and the market left off buoy
ant at the best. Transactions reached nearly a
million shares for the first time in two weeks
Some hesitancy was manifested at the opening in
view Of the possibility of foreign developments
which might follow the death Of the President Of
the French republic. The fractional declines in
the London and local markets were checked when
Paris appeared as a buyer in London. which had
II foot in
the early trading were Sugar. Tobacco and Bur-
lington These stocks after another were
taken in hand and carried well above Thursday
night, The rise from the lowest reaching re in
Tobacco and 6A in Burlington Many traders
viewed the action of Thursdays market as in
dicating a resumption Of a bull movement and
purchased stocks. The fact that st. Pauls earn
ings for the second week in February increased
somewhat in spite Of the snowstorm along its
route rendered 1t a leader in the days strength
and it advanced "a, and Rock Island, too, rose
over two points. Among the high-class invest
ment shares, which were generally strong, Penn
sylvania advanced 23s. Central and Southern
Pacifcs strength was a reflection of the excepta-
ton of a settlement with the government. Mis-
souri, Pacific also was strong while Union and
Northern Pacific showed heaviness throughout.
The plans which are supposed to be under way
to better regulate the anthracite trade seemed
to affect Reading first preferred, which advanced
about two points. Philadelphia advices of new
subscription privileges for stock lifted Metropo-
itan Street-raiIway some five points, while Third
Avenue rose even more. Among the usually in
active stocks there a rise of 5A in LONG
Island Railway. London was a moderate seller
on balance. Many of the large brokers were
instrumental in advancing prices to-day and COM
mission-house business considerably larger
than Of late. with many sold-out bulls taking
hold again.
The bond market betrayed healthy tone in all
quarters, with the absorption of the speculative
issues very marked. Total sales, s5,125, O0O.
United States threes and the tours declined
a in the bid price.
The following table prepared by L. w Louis,
Room II, Board Of Trade, shows the range of
quotations: