The Indianapolis journal., 1899-01-26
SHARES STILL BOOMING
GAINS IN STOCKS ALL THE WAY FROM
TO II 1-2 POINTS.
IndustriaIs, Grangers, COaIers and All
Local Trade Active.

was rather hrmer at 212q3 per cent; prime
mercantile paper. 212q314 per cent
Sterling exchange was steady. with actual
business in bankers bills at $4S415q4.s4A
for demand, and at $4S215a4S for sixty
days; posted rates, $4.S31a64.s5; commercial
bills. $4S1Q4S2
Silver certificates nominal, at 591a@6O15c;
bar silver 5911c; Mexican dollars, 47]sc. At
London bar silver closed weak at 271ad per
ounce
Total sales of stocks yesterday were
1127o0O shares, including 2O310 Atchison;
122, 100 Atchison preferred; 6,965 Canadian
Southern; 1880 Central Pacific; $1,000 Chesa-
peake q Ohio %, 700 Burlington; SO, ,42O Cleve-
land, Cincinnati, Chicago & st. Louis;
77S0 Cleveland, Cincinnati Chicago &
St Louis preferred; 3,610 Denver & Rio
Grande preferred; clio Illinois Central; H.
500 Louisville & Nashville; 1000 Manhattan;
400 Metropolitan; 80 700 Reading preferred;
81, 300 Missouri Pacific; 1890 New York
Central; 16, 100 Northern Pacific; $500 North
ern Pacific preferred; 80 400 Ontario & West
ern; 400 Reading; 1880 Rock Island; $500
ST. Louis & San Francisco; 5000 st. Louis &
San Francisco second preferred; $3.50 Union
Pacific; A,600 St. Paul; 23,600 Southern Paci
fic; 3,l40 Southern Railway; $500 Southern
Railway preferred; 77,70O Union Pacific pre-
ferred; $500 Wabash preferred; $500 Paper;
100 Tobacco; 81, 400 Steel; 223OO Steel pre-
ferred; 2S,600 Peoples Gas; IA, 165 Brooklyn
Transit; 26,3OO Pacific Mail; 27,7O0 Sugar;
q, 800 Tennessee Coal and Iron; $500 Leath-
er preferred; q, 800 Rubber; 5000 Rubber pre-
ferred; $500 Western Union; $500 St. Louis
& Southwestern preferred; 1880 Chicago
Great Western.
There were gains Of 1 to 1115 points in
lxS on frap oti
in excess of 100000 shares, which were
widely distributed many usually neglected
shares figuring in the total. The market
here opened hesitatingly in sympathy with
the irregularity in London, which was
seller of some 10000 shares in the first hour.
Ihe enort of this selling was but slight,
owing to the support given by leading in
tereStS The professional element relieved
the pressure which 1t had been exerting on
the market and turned buyers. The com
mission business was in a fair volume and
was disposed to follow advances whenever
they occurred. London took back some of
her earlier sales on noting the improved
tendency Influences bearing on the situa-
tion were the handsome increase in gross
earnings for the third week in January
shown by the St. Paul, Missouri Pacific and
Canadian Pacific There were a number
of very interesting features in the market
after the first hour. Metropolitan Street
which eventually reached 11R points above
Tuesday nights closing. Manhattan SYM
pathetlcaily made an extreme gain of three
points These movements led TO revival
of rumorS that the relations of the two
companies had been placed on a more har
monious basis. The impression in the
street that in spite of the denial progress
is being made in the Vanderbilt plans for
bringing the collateral parts of their sys-
tenn into closer financial relations, was part
ly founded on the extensive and apparently
solid character of the purchases of Wander
@ Dit stocks; locks In this group extreme gains
Northwestern 3A and Cleveland, Cincinnati,
Chicago & st. Louis 712. Union Pacific pre-
ferred made rise of S1s on revived belief
| deal, while Lake Erie & Western preferred
was up 612 points on the idea that the road
New York Central. The interest switched
then into the low-priced shares, and rises
OF about three points occurred in Rubber
Chesapeake & Ohio. Pacific Mail, Canada
Southern, Chicago Great Western "a and
Rio Grande q Western preferred while the
extreme advance in Toledo & Ohio Central,
Rio Grande & Western common and Ten
nessee Coal and Iron reached five points.
The strength of the Rubber stocks was on
dividend gossip. that of Pacific Mail on re-
ports from Washington as to the disposition
or Congress to subSidiZe American shipping
continued talk Of the prospect of rehabill-
tatlng in the anthracite coal trade brought
a rise of from to 219 in the coaers The
grangers likewise were up from / to- 21b.
except in the case of Northwestern where
the advance was larger on investment and
speculative absorption because of increase
in earnings, New York Air-brake bounded
eight points The large and confident pur-
SShaseS OF Cleveland, Cincinnati, Chicago &
couraged the. idea that the oft-reported
Big Four deal was on foot again. The
closing was firm, well up to the top figures.
The bond market developed marked
strength as the day progressed and closed
active at about the best Total sales
$5,9O0OOO. Government bonds were un-
changed on bid prices
The following table prepared by L. w
Louis Room Il, Board of Trade, shows the
range of quotations: