The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1899-01-10
"A NEW STOCK RECORD
SALES Of 1,1O2,6O SHARES YESTER-
DAY, LARGEST IN YEARS.
Atchisons in Great Demand in New
York and London, and 3O4, 400 Sold
Local Trade More Active.

AT New YORK, yesterday, money on can
was steady at 212q3 per cent; last loan, 212.
Prime mercantile paper. 9d3s4 per cent.
Sterling exchange was steady with actual
business in bankers bills at $4.S414a4S412 for
demand and at $4.S1A@4.S2 for sixty days;
posted rates. $4S21a and $4.S51a; commercial
bills, S4S1.
Silver certificates, 5914a6O15c nominal bar
silver. 591sc; Mexican dollars 1880. At Lon
don bar silver closed quiet at 81 5-l6d an
ounce.
Total sales of stocks, 11O2,6 800 shares, in
Guiding: Atchison, 12i, 300; Atchison pre-
ferred 49, 100; Central Pacific 24,367; Chesa-
peake & Ohio, 29,90O; Burlington, $3.50;
Cleveland, Cincinnati Chicago & ST. Louis,
$500; Louisville & Nashville 1880; Manhat-
tan, 1890; Reading preferred $500; Missouri
Pacific, $40; Missouri Kansas 81 Texas
preferred, $500; New York Central, 5000;
Northern Pacific, 2SO00; New York Central
preferred, 1880; Reading, 3,400; Rock Island,
S.O00 Union Pacific, 14O00; St. Paul, 1900;
Southern Pacific, 1890; Southern, 1890;
Southern preferred, "a, 700; Texas & Pacific,
5,lO0, Union Pacific preferred, 10200; Wheel
ing & Lake Erie, 0,400; American Spirits,
$500; Tobacco $500; Steel, &c. 200; Steel pre-
ferred, 7,2o0; Peoples Gas, 10,948; Colorado
Fuel and Iron, 9,212; General Electric, 800;
Laclede Gas, 11,60O; Lead, $500; Pacific Mail,
$500; Sugar, IS, 200; Tennessee Coal and Iron,
400; Leather preferred $40; Rubber, 14,525;
Western Union, $500; ST. Louis Southwest
ern, 1900 st. Louis Southwestern preferred,
29, 800; Chicago Great Western, 4,S00.
A persistent and general demand prevailed
throughout the list on the New York Stock
Exchange yesterday, and on an enormous
volume Of trading there were many final
advances of to points, while standard
stocks generally were up fractlonally. In
f1nPn0pn a
bank statement there were more buying
than selling orders accumulated by COM
mission houses over Sunday. London, while
moving largely with quotations, was seller
on balance but it DEVELOPED later that on
the curb a very large demand sprang up for
Americans after business hours. 1t was said
that Americans were buoyant with Atchi
sons the feature. According to the transfer
books of St Paul foreign holdings of the
stock are limited to about 1900 shares or
only One-fifth of the amount in foreign
names few years ago; therefore the tloat-
ing supply of the stock abroad would appear
to be very small. Atchison preferred and
Sugar were the leaders in the strength dis
played IN the market. The heavy purchases
of Atchison preferred, which resulted in
extreme gain of points, was said to be
largely for very powerful interests and their
allies. The stock made high record of
565s eX. dividend. There were a number of
vague rumOrs connected with Sugar, but
nothing definite. The stock however made
an extreme gain of Az points: Glucose
Sugar Refinery was Sympathetically strong.
An advance in Pennsylvania and some other
stocks which move conservatively increased
the confidence of the bulls c., c., G. q st.
l.. and Chesapeake & Ohio showed pro-
nouEced strength on the revival of the Oft
rumored deal between those properties,
while the former was also aided by favor
able traffic statement. Good earnings were
likewise responsible for there were con-
siderable gains made by Laclede Gas, st.
Louis q Southwestern preferred, Great
Northern preferred, Mobile & Ohio, Des
MOines & Fort Dodge, Rubber and New
York Air Brake. In the case of New York
Air Brake two large accounts were reported
as likely to be secured by the company.
Among the coalers New Jersey Central and
Delaware & Hudson were the strongest.
| The purchases of Southern Railway pre-
ferred were said to be partly on the theory
that the company would gain control of the
Seaboard Airline. The dealings in stocks,
which exceeded a million by over a hundred
thousand, We're the largest in the present
movement and of recent years.
Transactions in bonds, which had showed
a contraction in dealings of late, also
reached large proportions, aggregating S.
10000. Considerable buoyancy developed in
the bond speculation, enormous blocks of
the Atchison and ST. Louis Southwestern
issues being taken at material advances.
Some of the low-priced issues made striking
for 51a United States new tours, coupon and
the old tours, registered, gained Is, and the
old fours, coupon, and the fiVes, coupon de-
clined 4 in the bid price The twos, regis
tered, advanced H.
The following table. prepared by L. w.
Louis, Room II, Board of Trade, shows the
/ of limitations.