The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1899-03-09
AN UP-TURN IN STOCKS
SUGAR MAKES JUMP AND COALERS
START FOR HIGHER FIGURES.
General List Benefited by the Better
Tone to the stock Market
Local Trade Active.

At New York yesterday money on call was
steady al 2021a per cent; last loan, 215 per
cent.
Prime mercantile paper, 31ia3A per cent.
Sterling exchange was steady, with actual
business in bankers bills at S4.S5Iaa4.S524
for demand and at $4.S3laa4.S3$4 for sixty
days; posted rates, Asl2@4s5 and S4S612N
4.S7: commercial bills, A.S212G4S3.
Silver certificates nominally 5912l60l2c; bar
silver. 5912c; Mexican dollars. 4712c At Lon
don bar silver closed at q 7-1ed an ounce.
Total sales OF stocks aggregated 642.SC0
shares including: Atchison. 5,4S5; Atchison
preferred, $3.50; Central Pacific, Il. Sco Bur-
lington, $3.50; Delaware * Hudson, $3.50;
Erie firsts preferred, $500; Louisville &
Nashville 900; Reading firsts preferred, "a
zoo; Missouri Pacific. 3.4OO; Missouri, Kansas
* Texas, 400; Missouri, Kansas & Texas
preferred, $3.50: New Jersey Central. II 800;
New York Central. 1870; Northern Pacific,
900; Reading, 20.3G0: Rock Island, 500;
Union Pacific, Sass; St. Paul, 17,115; South
ern Pacific. 1880; Southern, 800; Southern
preferred, $3.50; Union Pacific preferred, S.
665; Paper, 74J0; Tobacco 7,1OO; Bay State
Gas 1926; Federal Steel 1900; Federal
Steel preferred. $500 Consolidated Gas, 5, 40;
Brooklyn Transit, 1i,169; Sugar, SOI65; Ten
nessee Coal II. 500; Chicago Great Western,
1900.
The New York stock market was dull
most of the day except at the closing, when
there was considerable activity The inter-
est largely centered i'm the coalers which
made some handsome advances and a num-
Der of the specialties went up over point,
but fractional advances were the rules i'm
many other stocks. Published report of
m N ff.@a1l
was the ground for the strength in those
properties. Much interest attached to the
declaration of the regular dividends i'll
Sugar. The market waited until IL was an
nounced and then moderate activity APP
peared- Sugar after opening higher and
then losing more than the earlier gain, rose
about points for the day. The large pay
ment which the government was to make
TO the Southern Pacific on the claim granted
by Congress lent strength to that property.
The expectation of favorable legislation
lifted Consolidated Gas } points, there be-
ing sympathetic rise in other local stocks,
including Metropolitan and Brooklyn transit,
which were up about one half as much. The
stagnant tone which prevailed the greater
part OF the session with fluctuations of only
4 or so was dispelled during the final deal
ings, when the Coalers Were marked up and
there was a sympathetic rise elsewhere.
Lackawanna and Reading frsts preferred
led the coalerS with an advance of each.
Among the standard stocks st. Paul gained
a point. Money was slightly easier and
closed 2l2d3 per cent. Considerable money
was said to be heading toward New York
from the interior to take advantage of the
recent hrmer tone in money. both for call
and time. The discount market also worked
closer, rates for prime names ruling at 3Ag
3s4 per cent. The closing tone of the stock
market was strong.
There was a decided increase in bond
operations, the activity being attended by
a higher level for the leading issues. Erie
generals and Chicago Terminal fours We're
unusually active and made substantial
gains. Total sales, N6D,0O. United states
tours and fives declined Il in bid prices.
The following table, prepared by l.. w.
Louis, Room IL. Board OF Trade, shows the
ran Of mutations.