The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1899-01-14
RECORD-BREAKING WEEK
AVERAGE DAILY STOCK SALES ABOVE
THE MILLION MARK.
Nothing Like 1t Ever Seen in Wall
Street, and Prices still booming
Local Trade sloppy.

AT New York yesterday money on call was
steady at 2AQ215 per cent. last loan, 213.
Prime mercantile paper. 1884 per cent.
Sterling exchange was firmer, with actual
business in bankers bills at $4.S4s404S5 for
demand and at $4.S2a4S2A for sixty days;
posted rates, $4.S3Q4S51A; commercial bills,
$IS1Q4S11a.
Silver certificates nominal at 59120601bc;
bar silver. 594c Mexican dollars, 47c. At
London bar silver closed steady at 279sd
an ounce.
Total sales of stocks Friday reached
1908, 400 shares, including: Atchison, 1920;
Atehison preferred, q, 12O; Central Pacific,
$780, Chesapeake & Ohio, 1900; Burlington,
$1,000; Cleveland, Cincinnati, Chicago & st.
Louis, S,2S5; Great Northern preferred, 1900;
Illinois Central, GA; Louisville & Nashville,
$500; Manhattan, 5000; Reading preferred.
3l,6OO; Missouri Pacific, 1900; Missouri,
Kansas q Texas preferred $780, New York
Central, 100; Northern Pacific, S,40O; North
ern Pacific preferred 1890; Reading, $500;
Rock Island, 1890; Union Pacific 40,2O0; st.
Paul, a,100; Southern Pacific, 81, 400; South
ern Railway, 63, 400; Southern Railway pre-
ferred, 25,40O; Texas & Pacific, 1900; Union
Pacific preferred, 1920; Wheeling & Lake
Erie, 1900; Cotton Oil, $500; American Spir-
its, $500; Tobacco, $500; Steel, $500; Steel
preferred 1900; Peoples Cas- 10,700; Brook
lyn Rapid Transit, g. 400; Lead, $500; Pa
clflc Mail, 24,100; Sugar, 60,25O; Leather,
4l45; Leather preferred, 5400; Western
Union, 45.4O0; st. Louis & Southwestern pre-
ferred, 4,4OO; Chicago Great Western, $500
view 1orK STOCKS again made further
progress upward yesterday, and in some
cases the advances were considerable. The
transactions in stocks were over a million
making the third mllion-share day this
week, While on the other two days trading
was but little short of the million mark
transactions so far this week have exceed
ed those OF any similar period in the ex-
chahge history. London, at the early trad
ing, was purchaser but subsequently the
preponderance of the arbitrage dealings was
SAFES. 1nere was an hours delay in trans
MISSION or cables, and this largely restricted
the foreign transactions. Commission houses
ana trade centerS were both purchasers in
the general list. Interest frequently 1uc-
tuated from one stock to another, and when
any stock started upward a following con-
unued the rise. The reduction in the float
ing supply in the prime dividend-paying
stocks and their attendant higher level led
to renewed interest in the lower-priced
stocks There was a large demand for the
York Central leading. Burlington Rock ISL
and and st. Paul made the best prices in
years. Burlington made an extreme gain of
% on expectation that the December state
ment would be very favorable This state
ment however, is not due for two weeks
yet. Among the low-priced stocks which
We're In keen request were the Pacifcs and
Southern Railway, which advanced l and
112, respectively, for the preferred and COM
mon. There was but little doing in Penn.
sylVania, which ended at a slight loss. Re-
neWed talk of q possible betterment in the
coal trade rendered the anthracite coalers
buoyant, Reading first preferred and Jer-
sey Central being especially conspicuous.
The greatest rise of the day was made by
New York Air-brake, 10 points, while Rens-
Selaer q Saratoga was a good second with
6 points advance. The confident assertion
that Brooklyn Transit had acquired control
of the Nashua Electric Railway resulted in
an extreme gain of so for Brooklyn Transit,
most of which it retained Manhattan, on
further reports regarding electric equip
ment, advanced over points. Sugar rose
points on the report that new trust
to be formed, taking in that company and
number of the independent refners, but
denial of the rumor as far as 1T concerned
some of the interests mentioned resulted in
a partial reaction in the afternoon, the
speculative leaders became dull for a while
but resumption of enormous purchases in
the Pacific was accompanied by an increase
of business in the rest of the list. Profit
taking toward the end rendered some stocks
decidedly weak, while generally a good tone
prevailed.
Bond prices generally moved upward, with
some usually neglected shares figuring
prominently in the market Total sales,
$4,650,000 United States new tours, coupon,
advanced 5s and United States new regis
tered the threes and the old tours, coupon,
"A in the bid price.
The following table, prepared by L. w.
Louis, Room II, Board of Trade, shows the
range of quotations: