The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1899-03-16
STOCKS TENDING DOWN
CHANGES MIXED YESTERDAY WITH
LOSSES PREVAILING.
Some of the Active shares Made Lively
Jumps and Held the Gains-LOcal
Trade Depressed.

Al New York yesterday money on call was firm
at 3l.a5 per cent: last loan. 3ls per cent
Prime mercantile paper. sKqih per cent.
Sterling exchange was steady. with actual busl-
in bankers bills at s4.s54 "A s5lz for demand
and at .i.ssAG4SSla for sixty days: posted rates
A.s4a4s5 and Assa4s7; commercial bills. 81. s2Is
CASA.
Silver certificates nominalIy. 5s11d601zc: bar sill
YER. $3.50: Mexican dollars. 471zc. At London bar
| silver closed quiet at 271ad an ounce
The total sales OF stocks $40 100 shares. in
GLIDING the following: Atchison, $50; Atchison
preferred. IS. $685. Burlington. 1880 Hooking Coal
| 6.Ss0; Manhattan. S5.o54 Metropolitan Street.
railway. 5.cs7; Reading first preferred. $3.50; Mis-
| souri, Pacific, r.7i0; New Jersey Central. $500;
New York Central. $50: Northern Pacific. 1895;
Northern Pacific preferred $50: Ontario & West
| ern. 5.112; St. Paul. 14.3OS Union Pacific, s305;
Union Pacific preferred, G,665 Southern Railway
preferred. 1880; Texas & Pacific, $685. American
Steel and Wire. 2s.S54: American Steel and Wire
preferred. 5025: American Tobacco r. 765; Federal
Steel, e.eS3: Federal Steel preferred. ss5s; Con-
soidated Gas, s,170; Brooklyn Transit, IS, SOS;
Sugar. 2o.465
The changes in New York stock prices. yester-
day. were mixed, with losses prevailing. For the
greater part of the day stocks under pres
in part due to the strength in the call money
loans. although most of the business was at 4
per cent. London, while trading both ways, dis
posed of stock than it took. The selling
OF Manhattan was attributed TO the underwritten
syndicate of the issue of new stock, although
there was no means of ascertaining the real
| source. The stock closed with a loss of nearly
two points after an early extreme decline Of 3S.
Kansas City. Pittsburg * Gulf left off four points
down in anticipation Of a possible heavy assess
ment in the plan of reorganization. American
Steel and Wire dropped 19sc, with smaller SYM
pathetic recession in Federal Steel issues. There
were fractional recessions. too. in Northern
Pacifcs, Atchisons the Readings and the grang-
ers. Chicago Terminal stock benefited by
talk OF contract with Chicago & Alton, while
Colorado Southern was up on rumors Of negotia-
tions with Union Pacific. Brooklyn Rapid Tran
sit got within small fraction of par in expecta-
ton that another system about TO be ac-
Quired, but the interests concerned largely in such
a deal were uncommunicative. American Tobacco
rose two points, but Continental Tobacco, now
dealt in in the unlisted department made COM
pared with the opening, a net loss of rsc for the
common and for the preferred. New Air-brake
jumped i0l. points. Conflicting rumors regarding
the probability of the of certain gas legis
lation lent fevertshness Consolidated Gas.
| which, however. rose q. Metropolitan Street.
railway. Peoples Gas and Sugar gave evil
denoe of strength. a slight recession in the
strength OF call money, although it closed with
transactions 3lk94 per cent. induced
ering in the afternoon The closing tone was I'M
certain. with prices below the best and above the
worst. The government trade statistics. showing
| an excess OF exports OF nearly sSi,Oooc00. Were
not altogether favorably received. because Of the
imports exceeding since March
while the exports showed a shrinkage OF over
~ per cent. compared with any Of the preceding
four months
The bond market while irregular, showed a
yielding tendency. with extreme weakness in Kan
sas City, Pittsburg * Gulf frsts. Total sales.
$3.50 600 United states new fours registered, ad-
| vanced Il and United States new fours coupon,
| u in the bid price.
The following table. prepared by l.. w. Louis,
| Room IL, Board OF Trade, shows the range Of
quotations: