The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1899-03-25
LIVELY DAY in STOCKS
EASIER MONEY RATE RESULTS IN
STRONGER TONE TO THE MARKET.
better Bank Statement Expected To-
Future-LOcaI Markets steady.

At New York yesterday money on call
was firm at 4G4l2 per cent; last loan,
per cent
Prime mercantile paper, 3A@414 per cent.
Sterling exchange was firmer, with actual
business in bankers bills at 81 S5i2d4S524 for
demand and at $4.S3AG4S3l2 for sixty days;
posted rates, s4.s41s and s. s61z; commercial
bills, S4.S2lh Silver certificates, 59s4 G6014c;
Mexican dollars. 4712c. At London bar silver
closed steady at 2712d an ounce.
Total sales Of stocks were 691, 200 shares,
including the following: Atchison, ABB;
Atchison preferred, S7,755; Central Pacific.
l0S1O; Burlington $3.50; Louisville & Nash
VILE, $3.50: Manhattan, 1856; Metropolitan,
$40; Reading frsts preferred, 1865; Mis-
souri, Pacific, $500; New Jersey Central, 81
620 New York Central, 9S5s; Northern Pa
cific 5,4S5; Ontario 81 Western, 5, $50; Rock
Island q. go; Union Pacific, $40; St Paul,
q ,O59 Southern Pacific. $500; Southern, 81
O1O: Southern preferred, 1850; Union Pa
cific preferred, 1872; American Steel and
Wire, 1908: Federal Steel, 1885; Peoples
Gas, Is $40; Brooklyn Transit, 119, ISL; Sugar,
10, $780, Tennessee Coal, Ito; Leather pre-
ferred, 1859; Rubber. 1855; St. Louis &
Southwestern preferred, 7.z70: Chicago Great
Western, 1880.
The fact that money was slightly easier
in Wall street yesterday. call rates rang
ing from to AZ per cent. lent confidence
to operators and gave the market a strong
tone most of the day. Another important
influence on quotations was the prediction
that because of the curtailment in loans
supposed to have taken place this week the
banks would be able to show an increase
IN, hnN- IF
Brooklyn Transit, which lifted 1t SIS and
Peoples Gas, which gained nearly a point,
had sentimental influence because of the
prominence of the parties concerned in re-
cent operations for a rise. The railways
were not quite as active as on Thursday,
but dealings in grangers improved them
fractionally and PacificS were a trifie high
err Consolidated Gas lost S% and Third
avenue points on the fear that they will
not secure desired legislation. There were
fractional losses, too. in Metropolitan Street
Railway and Continental Tobacco, while
in Sugar the loss was Ia. Among the coal
ers Lackawanna and Jersey Central rose
over a point each, while the Readings were
practically unchanged. Among the railways
Southern preferred, Louisville and Atchison
preferred improved over a point each The
activity in Louisville started in London and
aroused a DrlSk local Oeina no Inc eApldIld-
tions that the Westinghouse suit against the
General Electric Company was of a friend
ly nature continued TO benefit General
Electric, which rose point. Rubber and
Chicago Terminal were also strong and
gained over a point each. A drive at Bur-
lington in the late dealings reduced its ex-
treme gain over a point and exercised an
unsettled effect on the general market. This
stock. however, toward the end spurted
up again and made gain of Y. Elsewhere
there was some hesitation and the market
ended with rather easier tendency
A good business was transacted in bonds,
the aggregate being s3.9350O0. Prices moved
up pretty generally with decided strength
in Standard Rope incomes. United States
tours and the old tours advanced a in the
bid price.
The following table, prepared by L. w.
Louis Room II, Board of Trade, shows the
range of quotations: