The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1899-04-29
CLOSE TO THE BOTTOM
STOCK PRICES CLOSED LOWER ATT
Err QUIET DAYS TRADE.
Silver Certificates in Demand and
Touch Highest Prices in a Long
Time-Local Trade Active.

At New York, yesterday money on call
was 4G5 per cent: last loan. Az per cent.
Prime mercantile paper. S1za4A per cent.
Sterling exchange was steady. with actual
business in bankers bills at "a s714G Sta for
demand and at $4.S5Aq4.s012 for sixty days;
posted rates. s4S51kd4S6 and siS71zQ4Ss;
commercial bills. "a. s4d4.S41k.
Silver certificates. 641zG65c: bar silver.
63lsc; Mexican dollars. Acc. AT London bar
silver closed quiet at 2S7sd an ounce.
Total sales OF stocks amounted to 4s6154
shares including: American Smelling and
Refining. $500; American Steel and Wire.
2s.S0o; American Sugar, 1S,4OO; American Tin
plate, 400 Anaconda, 707O0; Atchison pre-
ferred. 500: Brooklyn Rapid Transit. 63, 400;
Burlington. $500; Chicago Traction, 6,1oO;
Chicago Terminal, $500; Consolidated Gas.
500; Continental Tobacco, 1900; Denver 81
Rio Grande. 800; Federal Steel, $500; Fed
eral Steel preferred, 300: Iowa Central.
500; Louisville & Nashville, 1000; Manhat-
tan Consolidated $500; Metropolitan Street.
railway. $500; Mexican Central. L. 800; Mex
lean National certificates, 500; Missouri
Pacific. $500; National Steel. 4,s0o; Norfolk
& Western. 3,400; North American, 500;
Northern Pacific, 2S zoo; Pennsylvania. 400;
l.
Southern Railway preferred, 300; Tennes-
see Coal and Iron, 3, 400; Union Pacific. 5000.
Irregularity pervaded fridays dealings on
the Stock Exchange, and the temper of the
market was extremely professional, result
ing in irregular net changes with losses
predominating. London traded both ways,
and commisson-house business was on
very restricted scale. Traders were dis
n LOT fnnlxs IN Holm tirya Of
unfavorable bank statement to-day. and one
OF the large operators changed and took the
bear side. Forecasts of the bank statement
are usually unreliable but bank reports for
the week seemed to indicate a loss in cash
in accounts of nearly $S.5Oo.OO0 Anaconda
mining fiuctuated widely. ending with net
gain of nearly points on the announce
ment Of the larger copper combination. Sill
yer certificates sold at 65 at one time. the
highest price recorded in a long time The
passage or the franchise tax bill by the
Legislature was responsible for weakness in
most of the local New York stocks, there
being declines of points in the Brooklyn
Union Gas, 81 in Metropolitan, nearly as
much in Consolidated Gas and sharp break
in Manhattan. although Ii left off only Ia
down. Thlrd-avenue, on the contrary. rose
points. The reason for weakness in Man
haitian was the adverse report of the Board
of Health on its Ninth-avenue structure
CATION held Brooklyn Transit up, in spite of
the weakness in similar shares generally
and the stock gained over a point. Except
ing Colorado Fuel and Iron, improvement
was noted in the iron and steel properties.
Other strong stocks were New Jersey Cen
trail and Northern Pacific. The general rail-
way list was inclined 10 droop on moderate
dealings. The market closed heavy
The bond market lacked decisive tone,
but the undertone of the market was health
full and some issues were in keen demand.
Transactions were $.375O00. United States
new tours, regular, and the old fours, regu-
lar. declined "a and the threes, coupon. Is, in
the bid price
The following table. prepared by L.. w.
Louis. Room IL, Board of Trade, shows the
| range of quotations: