The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1899-02-10
STOCK TRADING LIGHT
COUNTRY ORDERS TO BUY AT THE
OPENING BROUGHT ADVANCES.
Dealings Were Less on New York
Change than on Any Day for Several
Weeks-LOcnI Trade at a StandstiIl.

At New York yesterday money on call
was steady at 21z per cent.
Prime mercantile paper, 234@314 per cent.
Sterling exchange was strong, with ac-
tuai business in bankers bills at $4S51a@
4.S5A for demand and at $4S312Q4.S534 for
sixty days; posted rates, $4.S4G4S412 and
$4S6Q4 S615; commercial bills $4.8219Q48312.
Silver certificates, 5914Q601ac; bar silver,
595sc; Mexican dollars, 411sc. At London
bar silver was steady at q lid an ounce.
Total shares of stocks $50, 300 shares, in
GLIDING: Atchison, 3,915; Atchison preferred,
25,140; Central Pacific, $3.50; c. & o., $50;
Burlington, 6O.4O2; c., c., c. & ST. L.. 1925;
L. E. & w. preferred, $500; L. & N, 1850;
Manhattan, $3.50; Metropolitan, II, $40; Read
ms, 1920; Missouri Pacific, 1880; NJ, K. &
t., $3.50; M, K. & T. preferred, 1110O; Chi
cago. Indianapolis & Louisville preferred,
500; New York Central, 9.049; North Amer
lean, 600; Northern Pacific, 2,6l0; On
tario & Western, 500; Reading, $500; Rock
Island, 1880; Union Pacific, 9,504; st. Paul,
u, no. Southern Pacific, S49O; Texas & Pa
cidc 28,025; Union Pacific preferred $3.50;
Tobacco. $3.50; Steel q sos; Steel preferred,
l0,725; Peoples Gas, $685.; Consumers Gas,
100; Brooklyn Transit q, 1870; Pacific Mail,
$3.50; Sugar, &c, go; Tennessee Coal and Iron,
1920; Rubber, 1856; St. L. & S. w. pre-
ferred, 1880; Chicago Great Western,
1905.
New York stock prices advanced yester-
day except for periods of temporary hesita-
ton, pretty generally until the last quarter
of an hour when professional pressure left
many shares only slightly above Wednes-
day. Commission houses were said to have
orders to buy literally if the market at the
opening was weak. AS it was. many COM
mission house customers were disposed to
repurchase stock recently sold. Chicago
houses were credited with being sellers
while purchases and sales for foreign ac-
count We're about even. Large operators
were said to have purchasing orders in the
specialties and traders bought for a turn.
There was some evening up of accounts
both ways, in anticipation of the holidays
on Saturday and Monday. The advance
brought prices up a point in many in
stances and above that in some cases.
There was a recession in prices which was
diSSjpated by a renewed advance, led by the
coalers and Burlington, the former being
affected by the cold weather. which, 1t was
assumed, would cause dealers to replenish
STOCK thus assuring increased traffic. The
strength of the Flower group of stocks was
a pronounced feature. There were conSpicu-
Gus advances in the standard stocks, includ-
ing pennsylvania, the VanderbttS, the
erangers, Southwestern shares, Lake Erie
& Western, Twin City Rapid Transit and
the industrials and speciaities generally,
except Tobacco which was weak on the
prospect of increased competition. Chicago,
indianapolis & Louisville preferred and
General Electric were strong on dividend
talk. The dealings for the day were less
than at any time in many weeks. The clos
ing was heavy.
Transactions in bonds were on a relative
ly larger scale than stocks footing up to
S6215,GV0. The great bulk of the dealings
was concentrated in the speculative issues,
with Kansas q Texas and Texas Pacific
conditions rising sharply. The market gen
orally displayed strong tone, purchasing
Tor out-of-town interests being very ex-
tensive United States new tours, regis
tered, declined ss in the bid price.
The following table, prepared by L. w.
range of quotations: