The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1899-01-30
Philippine problem had not much weight in
speculative sentiment.

Philippine problem had not much weight in
speculative sentiment.
NOTABLE WEEK ON CHANGE.
Monday was by all odds the most sensa-
tional day, both in the tremendous volume
of business and the extreme violence Of
fluctuations that the street has witnessed at
any time. The conflict of buying and sell
irg orders at the opening gave the appear
ance of such rampant speculation that mar
ket leaders were disposed to check the move
ment in order that the technical position of
the market might not be weakened There
were large sales of stock carried over from
Saturday in expectation of the advance, and
considerable liquidation both of foreign and
domestic holdings, resulting in material de-
clines for the day from the early high prices
Among the sensational variations that day
Tere a rise of 1925 in Pittsburg, Cincinnati,
Chicago q st. Louis, a drop of Is and net
most of it and gained S12 Cleveland Cincin-
natl. Chicago q St Louis jumped S1a, dipped
points and closed within a point of the
best There were many other wild changes
after the initial bulge that day. Suisse
quently the market irregularly advanced,
with almost daily bear attacks in the after
noon and recoveries on each succeeding
morning. London was generally a seller
but was occasion ally whipped into line as
purchaser and the fortnightly settlement in
London showed a great reduction in the
floating supply of Americans. Throughout
the week the tacllltleS OF the eXCndnEe were
taxed to the utmost and the clerical forces
in the brokerage offices worked overtime
to keep track of their large accounts. The
largest net advances for the week were:
Metropolitan, 1S%4 Capital City Traction, II;
Twin City Rapid Transit 13; Pittsburg, Gin
cinnati, Chicago & st. Louis preferred 1212
Tennessee Coal and Iron preferred, IA; Ten
nessee Coal and Iron common, ~; Long
Island, IL; Cleveland Cincinnati Chicago &
ST. Louis, 915 Commercial Cable. 8; General
Electric, S34; Rio Grande, So; Pacific Mail
50; st. Louis Southwestern preferred, Z;
St. Louis & San Francisco second preferred,
624; St Louis & San Francisco common,
AZ; Lake Erie & Western preferred, 61s
Lake Shore. 6; Peoples Gas, SIS; Amer
lean Express, 51s; Chicago Great
Western debentures, Reading first pre-
ferred and Baltimore & Ohio Gall
assessments paid AZ each; Rubber, 5s
and Toledo & Ohio Central, g. There were
gains too of over points in Sugar, Lacka-
wanna & Western, Northern Pacific, On
tario & Western, Minneapolis & st. Louis
losses of note We're confined to less active
stocks the largest being: New York Air
Brake, 512; Edison Illuminating and Lee
cede, 81.
Strength characterized the bond trading,
the market showing less feverishness than
in stocks. Many issues were brought prom
inently forward, owing to dissemination OF
rumors regarding their standing toward a
union with other properties. Dealings were
on an immense scale with purchases for out
of-town account exceptionally large United
States threes reacted 20 and the fives cou-
pom advanced Is in the bid price.
The following table. prepared by l.. W.
Louis, Room II. Board of Trade, shows the
range Of quotations.: