The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1899-02-25
STOCK MARKET
DEALINGS WERE HEAVY, AND SOME
SENSATIONAL ADVANCES.
Dewey's CnbIesram for the Oregon
Utilized for a Time to Depress
Pffces-LOcaI Trade Active.

At New York Friday money on call was
steady at 2d212 per cent; last loan, 2a per
cent.
Prime mercantile paper, 2A@S15 per cent.
Sterling exchange was strong, with actual
business in bankers bills at S~4.S61h04S6%
for demand and at $4S4Aq4.S4h for sixty
days: posted rates. $4SrS04.S5 and $4.S61bQ
4S7; commercial bills. $.SSG4S31k.
Silver certificates, nominally. eO1bc; bar
silver, $3.50; Mexican dollars, 47kc. At
London bar silver closed quiet at 272sd an
ounce.
Total sales of stocks were S91. 100 shares,
including 16. 100 Atchison. 1890 Atchison
preferred. 1000 Baltimore & Ohio, 1850 Cen
tral Pacific, 6S,29O Burlington, 300 Denver
q Rio Grande, 8.43 Louisville & Nashville,
lilo Manhattan, $3.50 metropolitan, 32,O7O
Reading, 4S70 Missouri Pacific. 3,O65 Mis-
souri,, Kansas & Texas preferred, 6,435 New
Jersey Central. G,4OO New York Central,
$3.50 Northern Pacific, %, $50 Ontario &
western, 1880 Rock Island, SIG, $40 Union
racine 1880 Union Pacific pl eferred, 49,
S2O st. Paul, 1850 Southern Pacific, $3.50
southern Pacific preferred, 1900 Texas &
racine, $500 Paper, 69, 100 Tobacco, 100
Steel 9,SO Steel preferred, 4,4S0 Peoples
Gas, 1850 Consolidated Gas, 1850 Brook
lyn Transit, $3.50 Pacific Mail, ~ 1850 Sugar.
ll'VO Tennessee Coal and Iron, 1880 Leather
preferred, 6,729 Rubber.
Stock quotations on New York Change
yesterday were decidedly irregular and the
movement was in some respects E. counter
part of yesterday. Prices opened favorablv
for the bulls In a number of stocks. the
mdustrials and the specialties being promi-
nenL. SUBSEQUENTLY, va lI1pS ppovo1 o1+ncro+n
~ Gown ana up, leaving the net changes
mixed WIN losses averaging a point in prom
lnent railways accompanied by some sem
satlonai advance among the specialties. The
olspatch from the American naval COM
mander In the far East, requesting the
presence Of q battle ship for ~politicaI
reasons was considered possible of an In-
favorable Interpretation, but the routing of
a pody OIL F~flipinos by the American army
oHSet the adViceS. London, after some firm
ness, was a seller on balance. The inter-
national shares were generally fractionallv
higher In the early dealings, while the adj
vance In Burlington, Tobacco and the Steel
STOCKS gave an early appearance OF strength.
The smart recoveries from Yesterdays close
tailed to hold in the case of the railways.
Realizing in St. Paul on its favorable show
Ing for the third week in February left it
below yesterday and Burlington lost its
early advance and declined further, ending
with a loss Of "A on the reported abandon
ment of a general refunding plan. There
was considerable professional selling, as well
as some pronounced realizing and stop-loss
orders were reached. Traders were induced
to sell on the idea that there would be
another substantial decrease in the bank re-
serves tomorrow The market displayed
feverishness as the contending interests sue
ceeded in either lifting or depressing prices
and then dealings contracted with a some
what professional appearance to the after
Moons trading. Tobacco made a maximum
rise of 8 points on the rumor that a large
operator was still short and refused to
cover, and the circulation of stories as to
the company's earning power. Subsequently
the price ran off and closed at a net gain
of ~. There were some very violent adj
vances among the local specialties, the ex-
treme rise In the case of Third-aVenue being
Ia, Consolidated Gas 1919, Brooklyn Union
Gas 82 and 2 points in Metropolitan. The
advance in the gas stocks was in expecta-
ton of securing the passage of the law al
lowing the convenient manufacture of gas
In contiguous territory which would permit
the disposal of valuable New York real eS-
tate. The rise in Third-avenue was said to
be on the discovery of an unsupported short
interest existing. The highly favorable con-
dition reported in the iron and steel indus
tries and intimations that the relations of
the leading interests would be closer, led to
an extreme advance of SIS in American Steel,
will which Federal Steel ~sympathized to
the extent Of 33s. it's extreme rise. American
Tin and New York Air-brake rose 3 points
at a jump. Sugar was somewhat weak at
one time on the continuance of dividend
rumors and International Paper shares re-
coded on realizing, following the declara-
l on the common. The selling of the active
list began with heavy realizing in Burling-
ton and Sugar.
The feature of the days bond trading was
Arkansas Pass tours, which improved 4
points. The bond market was very weak.
Total sales, 100000. Government bonds
were unchanged in bid prices.
The following table, prepared by L. w.
Louis, Room ii, Board of Trade, shows the
range of quotations.: