The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1899-01-12
STOCKS SCORED GAINS
HIGHEST PRICES FOR THE DAY CAME
IN THE LATE TRADING.
and Furnished Little Business
Local Trade.

At New York yesterday money call was
steady at 21zG3 per cent; last loan, 3.
Prime mercantile paper 3G3A per cent.
Sterling exchange was steady. with actual bust
ness in bankers bills at s48415G4.S424 for de-
mand and at "a. s2Q4 s2l4 for sixty days; posted
rates. S4.S3 and 81 S61a: commercial bills, $4s1.
Silver certificates nominal at 5914G6Ol4; bar sill
yer. 5915c Mexican dollars, 1880 At London bar
silver closed quiet at q 5-16d an
Total sales of stocks 9i7sOO shares, including
32.34O Atchison, $3.50 Atchison preferred, ALSO
Canada Southern. 1910 Central Pacific, 1920
Chesapeake & Ohio 1890 Burlington, 1876 c., c.,
c. & ST. L.. 1896 Delaware & Hudson $3.50 Den
yer & Rio Grande preferred, $3.50 Great Northern
preferred, ITO Illinois Central, 49, $50 Louisville
& Nashville. 49, 200 Manhattan 400 Metropolitan.
35S0O Reading preferred, 5000 Minneapolis & St.
Louis, $500 Missouri Pacific, 22,SO0 New York
Central, $3.50 Northern Pacific p 100 Northern
Pacific preferred 300 Reading common, %, 200
Rock Island, 800 ST. Louis & Southwestern sec
ond preferred, 10 800 Union Pacific, 27s00 St. Paul,
500 ST Paul & Omaha, 1000 Southern Pacific,
1850 Southern Pacific preferred. $3.50 Texas &
Pacific, 1900 Union Pacific preferred, 7,34O
Wheeling & Lake Erie, g. 700 Tobacco, 26, 800 Steel,
5000 Steel preferred, 1880 Peoples Gas, $3.50
Colorado Fuel and Iron, 1880 Pacific Mail, 96,92O
Sugar, 5,415 Rubber, 1900 st. Louis Southwestern
preferred, S,265 Chicago Great Western.
Directors meetings responsible for
siderable variations in the character of the stock
speculation to-day. As is usually the case. fore
casts were rife to the probable action of the
various directories in session. which were utilized
for effect ON the market values of the securities
interested. The most important development was
the action OF the Louisville & Nashville directors
in replacing the stock in the category of divi-
dend buyers. The report submitted for the six
months ending Dec. 81 showed a total income as
$44S 622 and surplus of ST. 426 99 after deducting
fixed charges and sinking fund requirements
This exhibit prompted the management to declare
a dividend of 15A per cent. out of the earnings
for that period. which may foreshadow a regular
annual disbursement of per cent. The dividends
on this property were suspended in 1898, and a
reduction of 10 per cent. was made in the SAL
aries of employees, with a proviso that they would
be restored when earnings warranted it. This
promise was carried out last year, and the sue
cessive favorable character of the traffic state
ments published aroused expectations with the
investment public that dividends would soon be
declared on the stock The proceedings of the
Sugar directors were also viewed with consider
able interest, as it intimated that some pub
Lefty would be given of the result of the COM
panys operations in the pending trade The
stockholders ratification of the action of the
directors in voting to reserve the profits of the
company as working capital was interpreted by
the bears as indicating a possible abandonment
of dividend payments The stock was thrown or
the market in large volume, and sufficed to check
the aggressive upward movement which was in
progress on the announcement that the Senate
committee had agreed to report without amend
ment the peace treaty. The market, in general
presented other features of striking interest in
Guiding, as it did, outburst of investment buy
ing. which improved the standard shares l to 8
points The Vanderbilt stocks were unusually
prominent and burst of animation and strength
which lifted Pennsylvania "A, exercised health
full influence on the market The speciaItes
aside from Sugar, moved in comparatively mar
row limits, and figured very moderately in the
days total. Early weakness, in which Pitts
burg, Cincinnati, Chicago & ST. Louis made a.
sensational break of 61s, gave the bears a tenn
porary advantage, but the bulls got the whip
hand in the subsequent dealings, and closed the
market well up to the best at substantial gains
London operations were considerably reduced and
on both sides of the account.
The bond market developed saggng tendency
but recessions were not significant except iso-
lated cases. United States fives. coupon. declined
| Csc in the bid price.
The following table, prepared by L. w Louis
Room IL, Board of Trade shows the range Of
quotations. VI