The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1899-06-06

TRADING SLOW. But FLUCTUATIONS
IN PRICES RATHER WIDE.
Smart Dip in Sugar Let the Entire
List Sag and General Losses Re-
sulted-LocaI Trade Active.

At New York yesterday money on call was
steady at 2G2i. per cent: last loan. 2 per cent.
Prime mercantile paper. Si464 per cent.
Sterling exchange was steady. with actual bust
ness in bankers bills at s4s7AG4ss for demand
ane at s4s5l4aIs5ss for sixty days; posted rates.
siseisa4S and s4ss; commercial bills, si.aAQ
ASH
silver certificates. e0Hasilzc: bar silver. 60Ssc;
Mexican dollars. 4sAc. AT London bar silver
closed at 27zd
The total sales of stocks to-day amounted TO
sa2.Oo7 shares. Including: American Steel and
Wire. si.7oo; American Sugar S. 700; American
Tobacco. 300: Atchison preferred. IS 400: Brook
Ign Rapid Transit. $4,000: Chicago. Burlington
& quincy. 1890: Chicago Great Western. $500;
Chicago. Milwaukee & st. Paul. 400; Chicago.
Rock Island & Pacific. $500; Consolidated Gas,
$500: Continental Tobacco. 6.lOo; Federal Steel.
21.40o; Federal Steel preferred. 400; Louisville
& Nashville. 3soo; Manhattan. $500; Metropol-
itan. 800; Missouri Pacific. $780, National Steel,
9 200: Norfolk & Western. $500: Norfolk West
ern preferred. 3,20c; Northern Pacific. $780, Peo-
pies Cas- 900; Tennessee Coal and Iron, 1900:
Union Pacific. 1900; Union Pacific preferred, $500;
United States Rubber 800; Western Union. 500.
The professional traders on the New York Ex-
change Monday made Industrious attempts all
day TO get into the current OF speculation, but
as matter of fact there was almost no current
to speak of. that the Board OF Trade traders
found themselves drifting and foundering in
stagnant waters. They changed sides several
times on he dull market and the net changes
the day are consequently unimportant outside
few OF the speciatles. though the general average
of prices is notably lower The opening showed
declines under the influence of the heaviness in
the foreign market on account of the disturbed
NJ faf in
of other speciaties were attacked and the bears
also had on their side falling off in the east
bound freight tonnage from Chicago. a decrease
in Rock Islands net earnings for April and
newed strength in the wheat market. The mani
fest disposition OF bull party to take up group
Of iron and steel stocks on account of the ex-
traordinary prosperity in that trade served to
check the decline. The large receipts of wheat
at interior points offset the fears of crop dam
age and series of good returns on current traf
c of various railroads also helped to strengthen
the stocks OF those properties The local stock
showed a disposition TO advance and 1t looked
like the Inauguration Of bull movement when
the break in Sugar awakened uneasiness and the
making of commitments on the long side was
put stop to. There nothing notable in the
trading thereafter. The extreme break in Sugar
was seven points and the rally on covering caused
in Sugar amounted to ga. the net loss being pa
National Steel. Pressed Steel Car and Tennessee
Coal held their advance rather better than the
other steel stocks. There a spread in the
American Smelling stocks. the common weaken
ing sharply. while the preferred advanced over
point
The plethoric condition Of the money market,
the good earnings reported and the general ac-
tivity and prosperous conditions in all general
channels of trade accepted as causing in
creased values to securities. But the sugar trade
war and other possibilities of setback to the
highly speculative stocks. we'll he mani
fest disposition to renew unbridled speculation
in the securities OF the new and untried in
dustraI combinations begets distrust and hest
tation on the part Of capitalists.
Prices were much better maintained In the
bond market than in the stock market, but bust
ness in that department also small. Total
sales. par value, s1.ssO.ooo United States old
tours. coupon. advanced 4 and the threes and
new fours u in the bid price.
The following table. prepared by l.. w. Louis
Room IL. Board of Trade shows the range of
QuOtations