The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1899-01-21
MORE RECORDS BROKEN
NEXT TO LARGEST DAY EVER KNOWN
ON NEW YORK CHANGE.
All Sorts of Stocks jump Above High
Marks and Continue to Climb
Local Business Steady.

At New York yesterday money on call
was firmer at 21203 per cent; last loan,
per cent.
Prime mercantile paper, 234d3A per cent.
Sterling exchange was Steady, with actual
business in bankers bills at $LS4a4a4.s5 for
demand and at $4.S224G4.S3 for sixty days;
posted rates, $4s31a and s4S512; commercial
bills, s4.S112G4.S215
Silver certificates, 591k0G015c; bar silver,
59a595sc; Mexican dollars, 471sc. At London
bar silver closed firm at q 9-16d an ounce.
Total sales of stocks on New York Change
yesterday were 1259,O00 shares, including
Atchison, $3.50; Atchson preferred, 100 220;
Canada Southern, 1880; Central Pacific,
$500; Chesapeake & Ohio 3,O0O Burlington,
1850; Cleveland, Cincinnati, Chicago &
st. Louis, 1890; Denver & Rio Grande
preferred. $500; Great Northern preferred,
1870; Illinois Central, 0S46; Louisville &
Nashville, 27,000; Manhattan, 110,5 Metro
politan, n,S20; Reading, 1880; Missouri
Pacific, $500: New York Central 1920;
Nashville, Chattanooga & st. Louis $3.50;
Nashville, Chattanooga & ST. Louis pre-
ferred 4,492; Northern Pacific % 900; North
ern Pacific preferred, Il 900; Reading $500;
Rock Island, 1920; Union Pacific 20 800; ST.
Paul, 81 800; Southern Pacific, II, $50; South
ern Railway, 100; Southern Railway pre-
ferred, 1850; Union Pacific preferred. 81 200;
Wabash preferred, $500; Paper, 16, ass; To-
bacco, 1850; Steel. p, 800; Steel preferred.
$500; Peoples Gas. 1900: Consumers Gas,
$780, Brooklyn Rapid Transit, 45,OOO Lead,
1890; Pacific Mail, 10,SO0; Sugar, So 92O;
Tennessee Coal and Iron, 1850; Leather,
$780, Leather preferred, 1910; Western
Union, 1900; st. Louis Southwestern pre-
ferred $3.50; Chicago Great Western 725.
rush of belated investors on New York
Change yesterday brought the total trans
actions to over a million and a quarter
shares, the largest Of the present movement
and next to the largest in the history of the
exchange. The prices attained were gen
orally the highest in years and the net
gains material in many shares and
fractional advances for the rest of the list
The London market was firm and the pub
lie absorption of securities was large and
confided in the market. There was period
| of realizing before noon and short selling
as we'll as. realizing after delivery hour, but
| prices picked up rapidly in the final deal
| lngs and the market ended with a very good
| tone The buying of commission houses was
| llberal and extended to a great variety of
| shares. New York Central made an ex-
| IRENE rise of 59s and gossip was revived of
| closer anna lgamation of central and North
| western railroads. Union Pacific preferred
was up an extreme 3a4 on talk of the future
| plans of the Vanderbilts in connection with
| lldl property. Manhattan rose 02sc ana
Metropolitan 35sc the possibility being dis
| cuSSed OF these roads working harmonious
| ly. Manhattan, however lost 2Ac of its
earlier advantage There were some sub
stantial advances in American Steel and
Wire, International Paper, New York Air
Brake, Sugar, Leather and Consolidated
Gas. 1t was announced that Consolidated
Gas had disposed of a large block of treas
ury stock which had been hanging over the
market. The grangerS were up from frac-
lions to over a point with st. Paul lead
ing and all gained record high figures in the
current movement except Burlington which
was within Is of the best. Missouri Pacific
displayed considerabl BILE strength after long
period of comparative inactivity on the idea
that the annual report which will be pub
Hshed before long may be favorable.
An essential factor in sustaining prices
was the calculation that the banks for the
week will have gained $40, 900 in cash ex-
cepting receipts by mail, which figures were
unobtainable. The banks gained 81, $4,000 by
express remittances and S. S27, 600 by sub
treasury operations. Moreover 81, 10000 gold
L1gD{ will figure in to-day's bank state
The bond market developed exceptional
activity, transactions footing up 50 1865 900.
The course of prices was notably upward
throughout, especial features of strength
being Atchison adjustments, Erie generals
and Manhattan consols: Many. other less
ments Kansas & Texas fives exceptionally
jumping 8 points. United States fives,
coupon, advanced "a in the bid price.
The following table, prepared by L. w.
Louis, Room II. Board of Trade, shows the
range of OuOtatOnS