The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1899-02-02
SOME SHARP ADVANCES
DEMAND FOR STOCKS AND RECOVER
les GENERAL IN THE LIST.
The Bear Drive Mt Atchison and Other
Railways Not ERective-LOcaI
Trade Remains Steady.

At New York yesterday money on call was
steady at 214qS per cent; last loan, per
| cent.
Prime mercantile paper, 214d314 per cent.
Sterling exchange was strong with actual
| business in bankers bills at $4.85AQ4.S512
for demand, and at $4S3G4.S3A for sixty
days; posted rates, $4.S4 and 1886; COM
mercial bills, A.s2Gs4.S215.
Silver certificates nominal, 591246015c; bar
silver, $3.50; Mexican dollars, 47%c. At
London bar silver closed steady at 2712d an
ounce.
Total sales of stocks, S72, 500 shares. includ-
ing: 27,420 Atchison, $500 Atchison pre-
ferred, 800 Central Pacific $50 & o, 49,,
60 Burlington, 1884 c. c., C. & ST. L., A.
$40 D. & r. G., 1920 D. & r. G. preferred,
1900 Louisville & Nashville, 27,43O Manhat-
tan, 1860 Reading preferred, 800 Mime
sofa & st. Louis. 1850 Missouri Pacific. 6120
Mobile & Ohio, 1920 New York Central, A.
700 North American, $40 Northern Pacific,
6,710 Northern Pacific preferred, 300 Ontario
& Western, 300 Reading, 5000 Rock Island,
3,S1S ST. L. & S. F.; 800 st. L. S. f. ends
| preferred, 1860 Union Pacific, 1880 Union
Pacific preferred 2O,SOO st. Paul, 1854
Southern Pacific, $3.50 Southern, 1850
Southern preferred S. 800 Texas & Pacific,
4,640 Wabash preferred. 1856 Cotton OIL $3.50
Tobacco, 1920 Steel, 1880 Steel preferred
| 1913 Peoples Cas- $685. Consolidated Gas,
$50 Brooklyn Transit, 1850 Pacific Mall
1920 Sugar, 500 tennessee Coal and Iron,
| 5,l25 Rubber, $3.50 St. l.. S. W. preferred,
$500 Chicago & Great Western.
Many specialties made sharp advances on
New York Change yesterday, while the
changes in the railways were rather mixed.
Interest centered largely in low-priced
STOCKS, as Is shown by the dealings or 90 w
shares in Texas racine, 4J,VO0 shares IN
Denver ~ lilo" Grande, which made an eX-
IRENE advance OF ~. o points eacn. Atcnison
preferred, which of late has been a bear
Target, made an advance of about two
| points on transactions of 10000 shares.
among the otner STRONG stocks We're c., e.,
- q St. L., DeSMolneS & orL Dodge, Man.
NATHAN, Mobile ~ ONO, Lake Erie q West
| ern ana Twin City RAPID Transit, winch
made average advance OF TWO points aside
! from the last mentioned which rose nve and
| lost halt OF it, New York, New Haven q
| Hartford advanced SIX points, and New
| York AIR Brake, after an initial break of
| four points, rose nine. London was a
| seller, on balance, of about 80, 90 shares, but
| was a purchaser in the late dealings. The
market locally opened lower under bear
| pressure ana commission house reaiIZations.
| me reaction reached point in only lew
! SHARES which embraced some of the special
Iles, Louisville, New Jersey central and
| PlItSburg, c., c., c. & st. l.. The uecnne
! in standard stocks was checked alter trac-'
! tlonaI recesslons on the appearance of buy
| ing orders, which caused renewed advance
and Standard SOCKS rallied about to Tues
! days close. Sugar was attacked, thus
| checking the rise elsewhere. FINALLY after
| feverisn fluctuations Sugar ended with a
| small gain. The reported gold developments
| in Colorado lent strength TO Denver d klo
| Grande, and its seml-annual statement was
| a supporting factor. Manhattans rise was
| probably on advance information of the pro-
| visions for a loan for electrical equipment.
| The bears, as usual, sought to bring about
reaction in the last hour, but the offerings
| were we'll taken and as soon as pressure
| was removed the market closed firm. The
| St. Paul weekly statement of gross earn
| ings which often according as they are
more or less favorable have distinct effect
on the market, did not appear and it was
| said that they would be given out Satur-
| day night.
| The bond market maintained very strong
| tone throughout, with exceptional strength
| in Texas Pacific seconds, New Haven de-
! bentures and Wisconsin Central firsts. The
latter latter rose n to 6SA, but receded to 6512.
| Total sales, Sc, 325 COO. United States new IS
coupon advanced Is in the bid price.
The following table, prepared by L. w.
| Louis. Room II, Board of Trade shows the
range of quotations: