The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1899-04-26
A HEAVY STOCK MARKET
RATHER DULL on CHANGE AND
TENDENCY TO LOWER PRICES.
Changers Showed Signs of
Late in the Day en- Crop News
Local Trade Active.

At New York, yesterday. money on call
was steady at 3;Aa4 per cent; last loan at
81 per cent.
Prime mercantile paper, 3hG44 per cent.
Sterling exchaRge-Actual business in
bankers bills at $4.S7q4.S7h for demand and
s4S5q4SA for sixty days: posted rates.
AS519q4s6 ard A.s7hI4 IS; commercial bills.
$4.S4q4.S4IA.
Silver certificates. 6lds1l5c; bar silver, Goa
6ohc; Mexican dollars, 47Ac. AT London bar
silver closed strong at q 13-16d an ounce.
Total sales of stocks amounted to SCI, $40
shares. including: American Cotton Oil.
300; American Smelling and Refining, 400;
American Steel and Wire. 5000; American
Sugar, 500: American Tin Plate, 300;
Anaconda, 1900: Brooklyn Rapid Transit,
81, 500; Brooklyn Rapid Transit Rights. 1850;
Burlington, $500; Chesapeake & Ohio. H.
200: Chicago Consolidated Traction, 1890;
Chicago Great Western, $500; Cleveland.
Cincinnati, Chicago & st. Louis, 6,S0; Colo
RADIO Fuel and Iron, 4,sO0; Continental To-
bacco, IL, 400; Federal Steel, $500; Federal
Steel preferred, 400; Glucose Sugar Rein
ing, $500; Louisville & Nashville, 1880;
Manhattan Consolidated, 1850; Metropoli-
tan, 5, 100; Manhattan Beach, 1860; Mexican
Central. 500; Missouri Pacific, $500; Ma
tional Steel, 1890; New York Central, $500;
Norfolk q Western, 4 400; North American.
$500; Northern Pacific, 5000; Ontario &
Western. 5000; Pennsylvania Railroad. $500;
Rock Island, 200; st. Louis Southwestern,
$500; St. Louis Southwestern preferred, $500;
St. Paul, %. 200; Southern preferred, 5000;
TIE lnessee CoaI and Iron, Il, 100; Union Pa
cifc. $500; Illinois Central, IA, 30; Internal
tional Paper. $500: Silver Bullion. 1900
ounces; Atchison preferred, 1880.
Dealing in stocks on New York Change
yesterday was rather dull. The market was
generally heavy in the forenoon, while in
the evening strength appeared among those
stocks which had been most depressed early.
The grangers initiated the Improvement CO.
incident with the weakness in wheat. Lon
don was a seller in the internationals. es-
pecially Louisville and Southern. Although
the professional element was bearish, specu-
l2tion throughout displayed an undertone OF
resistance which caused many of the trad
ing element TO reverse their tactics. Among
the generally inactive shares very material
advances appeared in Minneapolis 81 st.
Louis, Detroit Gas, Canadian Pacific and
Illinois Central. Anaconda mining advanced
sharply on continued gossip connecting it
with the proposed consolidation. Sugar,
Glucose and Metropolitan were well sup
ported. and Tennessee Coal more than re-
covered from its early Gossip
was revived of some alliance among the
sugar and glucose interests. but nothing
definite was made known in this connection,
parties who should know being noncommit-
tai.
In the money and sterling exchange mar
kets steadiness prevailed at practically I'M
changed. quotations. Strength prevailed in
the dealings until near the close, when
heavy realizing. especially in Manhattan
and other transportation shares, cut off
part of the advance, leaving the market
weak. Business in bonds was we'll dis
tributed and prices were I'm the main higher.
Total sales. S.6S.W. United States fives,
coupon. declined "A in the bid price.
The following table, prepared by l. w.
Louis, Room II, Board of Trade, shows the
/ - Of nt,atati0nS.