The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1899-04-06
MONEY RATES AT 10 P. C..
TEN POINTS RANGE IN PRICE OF
CALL LOANS IN WALL STREET.
Heavy Trading In stocks and wild
Jumps i'm QuOtations-LOcal Mar
kets More Satisfactory.

At New York yesterday money near the close OF
the stock market reached 1s per cent for call
loans. y. W. Seligman & Co. supplied the de-
mand and offered money down to per cent The
excel tionaI demand due to the early rise OF
$500, 600 due on account of the American Smelt-
ing and Refining Company's subscriptions.
Prime mercantile paper. 3i@G4A per cent.
Sterling exchange hrmer. with actual bust
ness in bankers bills at siSs]zq4ss3. for demand
and at s4s4Aq4s4lk for sixty days; posted rates.
s4s5l. and 81 7l4; commercial bills. As3lz.
Silver certificates. 6Oq6O1zc; bar silver, 5sstc;
Mexican dollars. l7Ikc. At London bar silver
closed steady at 271zd
The total sales of stocks s75.421 shares.
including the following: Atchison preferred,
25.575; Burlington, Ss.772; Hooking Coal. $500:
Louisville & Nashville. $3.50; Manhattan, 49.4S4:
Mexican Central 60. 435; Missouri Pacific. $1,000:
New York Central, 10 12S; Northern Pacific. s.s25;
Northwestern, 3,3i0; Ontario & Western, $3.50;
Rock Island. IL. 300; Union Pacific. $50; Union
Pacific preferred los. 342; St. Paul. $3.50; South
ern preferred. s,O6l; Wabash, $500; Wabash pre-
ferred 37135; American Steel and Wire, $780,
American Steel and Wire preferred. $3.50: Paper,
5000; Cotton Oil. 800; American Spirits II, AGO.
American Spirits preferred. 800; American To-
bacco. sl3s; Federal Steel. S4.65s: Federal Steel
preferred 1855; Peoples Gas, IL 2s0; Colorado
Fuel and Iron. $3.50; Brooklyn Transit. s.775
Lead, 1900; Continental Tobacco. 59.3ss; Pacific
Mall 4565; Sugar e. 49, Leather. 6425; Leather
preferred 11.555: Tennessee Coal and Iron. IL. 2co
Rubber. IS, ls2; Chicago Great Western, 9.400;
Reading first preferred. 4.s20.
The stock market very irregular. violent
fluctuations being frequent Sharp recessions ap-
peared early. The market rallied with burst
OF strength in the railways in the hope of favor
10 A nal rfu rad II
call money. as high as 10 per cent. being exacted
loans for industrial collateral and later 10 per
cent. was reached even on railways. The greater
part Of the day loans were much below this figure
rate on industrial collateral than on that OF rail-
ways. Extensive liquidation followed the appear
ance Of the highest money rate far this season.
There many breaks Of from two to four
points from the highest quotations of the day, but
stocks recovered on covering and per cent.
money the close. leaving the list slightly above
Tuesdays figures with the tone steady. London
sold small amount OF stock Manhattan receded
over two points and Third avenue five Brooklyn
Transit and American Steel and Wire lifted
over two points each A rise of 312 points in Mex
lean collateral on enormous dealings said to
relate to plan to redistribute the capital, but
nothing definite came forward Much of the buy
ing Of this stock was said TO come from Boston.
Mexican National had a sympathetic rise of over
OF Wabash lifted the preferred stock substantial
fraction on large dealings.
Considerable activity and strength was displayed
in some sections OF the bond market, but the
general tone was uncertain. Total sales g. 100 600
United States new fours declined Is in the bid
price.
The following table. prepared by L. w Louis,
Room H. Board OF Trade. shows the range of
quotations.: