The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1899-04-27
"A JUMP in BAR SILVER
LONDON SPECTATORS EXPECT 1T TO
FOLLOW OTHER METALS.
stock Exchange Trading More Active
with Changes-LocaI
Trade Strong.

At New York yesterday money on call was
steady at 312Q412 per cent: last loan, Az
per cent.
Prime mercantile paper, 312a44 per cent.
Sterling exchange was steady. with actual
business in bankers bills at $4.S7G4S7A for
demand and $S544.S5A for sixty days:
posted rates. $.s5 and s4.s7hq4SS; CONNER
cial bills, s4.s4%.
Silver certificates, 62Q621ac; bar silver, Gle:
Mexican dollars, 4S14c. The last time that
bar silver ruled around Sic figures was No
vember, 1898. when il touched 611sc. The
demand local dealers style as speculative.
the speculation being carried on in London.
Strength of London bar silver. in which
the price advanced from 2712d on Saturday
to 2SLd, the closing yesterday. is attributed
TO speculative buying and the refusal of
American holders to sell, in the belief that
prices will shortly be higher in sympathy
with the price of other metals.
The total sales of stocks amounted to
7o7,oo7 shares, including: American Smelt-
ing. 400; American Steel and Wire, 1900;
American Sugar, 300; American T1n-plate,
$500; Anaconda, 67,100; Atehison, 1900: At
Gibson preferred, 24,S0o: Brooklyn Rapid
Transit, 1850; Brooklyn Rapid Transit
rights, $500, Burlington, $500; Continental
DeO0 -rOV StN N 31O oAah1~s ~
SEQ; Denver & Rio Grande preferred. IL. 800;
Federal Steel, $500; International Paper.
$500; Louisville & Nashville, 10. 100; Man.
haitian Consolidated, 500: Mexican Central,
Al. 200; Mexican National certificates, 10, 800:
National Steel, 1880; New York Central,
6, 400: Norfolk & Western, 10, 200; Northern
Pacific, $500; Northern Pacific preferred,
$500; Peoples Gas and Coke, 1850: Read
ing first preferred, $500; Rock Island, 5000;
ct. Paul. $500; Southern Railway preferred.
9 800; Union Pacific, 800; silver bullion,
5000 ounces.
The net changes In prices were generally
trifiing on Change yesterday. with adj
vances, however, outnumbering declines.
London boughN about 1890 shares, and there
ives a rather cheerful tone to the early
trading. Six months money was offered at
Sz on railroad stocks and at 4 on mixed
collateral. Sterling exchange was steady
at unchanged quotations. The crop advices
noted some improvements, and as a con-
sequence the grangers We're strong for a
time, but on realizing left off with irregular
early strength, became weak. and among
those which receded below Tuesdays prices
We're Glucose, Sugar. Continental Tobacco.
ternationals. Denver & Rio Grande and
Mexican Central were helped by the rise
In silver. Pennsylvania rose 2 points, net
on gossip of an impending stock privilege,
the character OF which was not divulged,
and New York Central sympathetically
SdlIcu nCdllN q punt IiOl Oill dilu
Norfolk & Western were also strong spots
among the always Anaconda mining held
more than half of a 6-point rise on renewed
talk of the runored copper deal. Brooklyn
Transit rose over 8 points on manipulation
with accompanying rumors. Advices that
the certificates Of the Manhattan Oil Com,
pany. the property CT Peoples Gas, would
be distributed TO the stockholders of the
latter concern. lifted Peoples Gas a hand
some fraction. The coalers became very
weak In the final trading. Lackawanna
dropping 31e on the rumors of impending
Lackawanna pronounced exaggerated. TIL
break in the coalers induced liquidations
elsewhere, and he market closed weak and
active.
Coincident with the easier tension to the
monetary situation, dealings in bonds be-
came larger and there is a more urgent
demand for good issues. Total sale, 4,175,-
0OO.. United States coupons declined Is and
the old fours, coupon 4,,ln me Dio price,
The new tours, coupon, advanced II.
The following table. prepared by L. w.
Louis, Room IL, Board OF Trade, SHOWS the
range of quotations.: