The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1899-03-02
STOCKS SCORED LOSSES
LITTLE OUTSIDE INTEREST IN HI
MARKET AND TRADE DULL.
Weakness Developed Late i'm the Day
and Feeble Demand Noted-Local
Markets satisfactory.

At New York yesterday money on call was
steady at 212G3 per cent; last loan, 2h per
cent.
Prime mercantile paper, 3dS15 per cent.
Sterling exchange was weak, with actual
business In bankers bills at $4S6d4S6A for
demand and at $4.s4q4.S4h for sixty days;
posted rates, A.Si1A04.S5 and A.S61394.S;
commercial bills. $4.S31a.
Silver certificates, nOminally 591a460c; bar
silver, $3.50; Mexican dollars, Also. AT Lon
don bar silver closed steady at 27l3d an
ounce.
Total sales Of stocks were 607, 400 shares,
including q, go Atchison, 200 Atchison pre-
| ferred, $3.50 Central Pacific. 1850 Burling-
ton. 4,O63 Metropolitan, 2l.9O Reading pre-
ferred. 6,575 Missouri Pacific, 1900 Missouri,
Kansas & Texas preferred, 7,265 New York
Central, 4.40 North American, 1850 North
| ern Pacific, 5,25 Northern Pacific preferred,
| u,7@ Rock Island, 15.225 Union Pacific, 2s,407
st. Paul, 7,345 Southern preferred. 1885
Union Pacific, S,075 American Spirits, 100
American Spirits preferred. 3,94o Tobacco,
19.45s Steel, 10.S5s Steel preferred, 400 Peo-
| pies Gas. 5.166 Consolidated Gas, 1895
Brooklyn Transit, 6,125 Pacific Mail, 15,52S
| Sugar, 600 Tennessee Coal and Iron. $3.50
Rubber, 4,317 Western Union, 4,74O Chicago
Great Western.
New York stocks yesterday again opened
up and then worked lower, with some rail-
lies. The specialties displayed extreme ir-
regularity and the standard stocks showed
weakness most of the day. The opening rise
was associated with the more favorable as
| pect of the Philippine situation, due TO Ger
many's withdrawal of her cruisers, sup
poseGly lessening the chance of complica-
| items. The $23, 600 .OD in dividends and inter-
est which was payable yesterday had but
| little appreciate effect on the money mar
ket. Atchison preferred and Burlington
had an early appearance Of strength, but a
large volume of selling orders appeared.
which, rightly or wrongly, was attributed TO
some OF the leading bull interests that had
been conspicuous purchasers for two
months. The same interests appeared TO be
| sellers of the standard stocks. AS the mar
ket ran off stop loss orders were reached
i'm some cases. while London was a source
of support, taking about 20,OOO shares on
balance. The effect of this purchasing was
reflected in a weaker tone for sterling ex-
change. Prices after the extreme decline
rose on moderate dealings and then wavered
downward and upward in a sluggish man.
ner, there appearing little pressure Of offer
were conspicuous in the initial advance
were about equally prominent on the de-
cline. Among the high-priced stocks Third
avenue Railroad, Consolidated Gas and To-
bacco made notable gains, part of which
was lost in the late trading. The profess
| SIGNALS were in control of the trading most
OF the day. and some of the large interests
were not very active, giving the bears con-
tdence in their aggressive tactics. South
ern and Central Pacific were under pressure
much Of the day. The market weakened to-
ward the close, the activity being at the
expense OF values with considerable selling
OF the granger and the market left off
with fractional net losses in most stocks,
with the tone weak.
Trading in bonds was considerably mixed,
Il Uve1kpQSS and strength dpynlOpinU In inn
portant issues. Total sales, 81 100000. United
States bonds were unchanged in bid prices.
Louis, Room, II. Board of Trade, shows the
range of quotations: