The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1899-03-23
QUICK JUMPS in STOCKS
FLUCTUATIONS IN THE sPECIALTIES
ARE SENSATIONAL.
sugar. Tobacco and other Trust
Shares wild. Closing with Marked
Gains-LOcaI Trade steady.

AT New York yesterday money on call
was firm at lS15 per cent; last loan, 31s.
Prime mercantile paper, 3AGiA per cent.
Sterling exchange was steady, with actual
business in bankers bills at $S5Aq4. S12
for demand and at s4.s6A for sixty days;
posted rates, 81. AG4.S41A and SS612; COM
mercial bills, AS214G4.s21k.
Silver certificates, nominally, 6Od601Ac; bar
silver, 5Ol3c; Mexican dollars, 471ac. At
London bar silver closed quiet at q 7-16d an
ounce
Total sales of stocks were 653, 400 shares.
including: Atchison preferred, $3.50; Gen.
trail Pacific. 7.140; Chesapeake & Ohio, $500:
Burlington, 1909; Delaware & Hudson, g.
S27; Manhattan. 1925; Metropolitan. 1855;
Reading firsts preferred, 1850; New Jersey
Central, 1870: Ontario & Western, 1862;
Reading. 400; Rock Island. 3.420; Union
Pacific, 7,345; st. Paul, 10, 1907 Union Pacific
preferred. 6.419; Southern Pacific, 1885:
American Steel and Wire, 1895; American
Steel and Wire preferred, 1906: Tobacco, o.
$50; Federal Steel preferred. $3.50: Peoples
Gas, $3.50; Consolidated Gas, s,n5; General
Electric, 5,5I5; Brooklyn Transit. 1920;
Sugar, 6.341; Tennessee Coal, 1856; Leather
preferred, $3.50; ST. Louis & Southwestern
preferred ALSO.
The New York stock market had a high
ly professional appearance yesterday with
marked irregularity in the speciaties where
interest centered and moderate improve
ments in the railways which were compare
lively neglected. An easier tendency APP
peared early sympathetically with London
quotations and prices moved nervously in
the general market. while among the spe-
cialties fluctuations were in many cases sem
sational. Sugar, after a slight rally, broke
to l5s and then rallied, moved about aim
lessly, and finally jumped TO l69, eased off
some, but retained 612 points of its adj
vance. Brooklyn Transit dropped off sharp
ly, but recovering. left off fractionally above
Tuesdays figures. Manhattan was lifted
over points. Third-avenue regained much
of its loss of Tuesday. closing points
higher on the day in connection with
amendment of the Amsterdam avenue bill.
On talk of extension of the local gas
war Consolidated Gas dropped points, half
of which ii regained. Continental Tobacco
and American Tobacco, as and pa, respec-
lively, and left off at the lowest. New York
Air-brake plunged down ii points on small
offerings and recovered only points. Fears
that the Westinghouse injunction suit
against General Electric might disrupt the
friendly relations of these companies, re-
suited in break of over points in Gen.
eral Electric. although slight rally fol-
lowed. American Steel and Wire was sti ong
and Federal Steel was sympathetically SO to
a lesser extent. The anthracite coalers,
particularly the Readings and Jersey Gen.
trail. made material progress upward until
realizing in the Readings caused an ca sing
off from the best. The grangers showed a
somewhat hardening tendency and the
market closed strong.
Good support was noted in some quarters
of the bond list. but there was liquidat ion
in other sections which caused some irregu-
larity. The increased ease TO call money in
fiuenced more general buying of the better
known semi-Speculative mortgages. Total
sales S2O75,0O0. United States new fours.
registered. advanced g and new fours,
coupon and the threes' =; the old tours.
The following table. prepared by 7. w.
Louis. Room IL. Board of Trade shows the
of