The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1899-02-28
STOCKS CLOSED HEAVY
FRACTIONAL ADVANCES, HOWEVER,
WE'RE SCORED IN THE LEADERS.
Any News from ~AguinaIdO Has an Eff
feet on wall street Business
Local Trade Active.

At New York yesterday money on call was
steady at 2Q8 per cent last loan, 8 per cent.
Prime mercantile paper, 3d3A per cent.
Sterling exchange was steady, with actual bust
ness in bankers bills at s4.s6AG4.S61A FOR demand
and at $4s4A for sixty days; posted rates, $4-S4A
@4S5 and s4.s6G4S7; commercial bills, $tS312@
Asa.
Silver certificates, nominally, 594G6OAc; bar sill
yer, 591c; Mexican dollars, 47Ac. At London
bar silver closed dull at 27sd an ounce.
Tot7l sales of stocks, S45. 100 shares, including
5000 Atchison, "a, 200 Atchison preferred, 5000 Cen
trail Pacific, 4,5O0 Chesapeake e Ohio, $3.50 Bur-
lington, 6,4O0 Louisville & Nashville, 1880 Man
haitian. $3.50 Metropolitan, 1880 Reading pre-
ferred, 1900 Missouri Pacific, $3.50 Missouri, Kan
sas & Texas preferred, $4,000 North American,
$500 Northern Pacific. SO, 100 Ontario & Western,
ILL., Rock Island, IA, 400 Union Pacific, rs, 700 st.
Paul, 4.750 Southern Pacific, 300 Southern pre-
ferred, p, 2S5 Texas & Pacific, 6,S4O Union Pacific
preferred, u, 800 Tobacco. "a, 7s5 Steel, 1880 Steel
preferred, 5000 Peoples Gas, $500 Consolidated
Gas, 1851 Brooklyn Transit, 4.25O Pacific Mail,
g., 2CO Sugar, 1878 Tennessee Coal and Iron, 500
Leather preferred, 1876 Rubber, $500 st. Louis &
Southwestern preferred.
The New York stock market continued very ir-
regular Monday and left off rather heavy, but
with fractional advances in the prominent shares.
The railway shares assumed more prominence in
the dealings than Of late. important fluctuations
occurring from time to time in those properties,
during which the specialties were temporarily
taken to the background. Prices were receding
when toward noon it was reported that Aguinaldo
was inclined to accept pacific overtures and a
rally ensued. London was a moderate purchaser.
Covering movement in Sugar advanced the price
smartly and the free selling appeared, which at
tracted particular attention, as it was by brokers
- ~,o~o Aa1;o,,oR - yvaeop ho,,rae proVofpon
on the bull side in other stocks. The stock lost
it's earlier gain and closed only fractionally up
for the day. Third-avenue dropped twenty-five
points after an initial rise of four, the weakness
seemingly on realizing when it was reported that
the property would be absorbed by Metropolitan.
American Steel and Wire advanced on large deal
ings, but subsequently lost part of the rise. Fed
eral Steel to a lesser extent sympathized with
both movements in American Steel and Wire.
Atchison was weak during the early recession of
the market, but stiffened on the report that a
further dividend on the preferred would be con-
sidered at the directors meeting in March. Suisse
quently the stock was sold down in common with
the drive at the rest of the market. American
District Telegraph made a gain of seven points
on the report that control of the company had
been secured with a view of using its subway
privileges for a new telephone company. The
grangers were in request in the afternoon, St.
Paul showing a quarter of a million net increase
in January. The grangers, however, together
with the specialties, sagged during the late sell
ing movement. The Philadelphia company rose
over three points on the heavy oversubscription
for their bonds offered this morning. Ontario &
Westerns strength was attributable to the reports
that the Vanderbilt interests had taken much
Of the stock. 1t was said that the pool which
advanced the stock sold some $4,000 shares in the
early dealings. Some hardening in call money
rates accompanied the late selling movement.
The bond market displayed a hesitating tone
throughout, some issues forging upward, while
others felt the effects of realizations. Texas &
Pacific seconds moved up to 81 on rumors that
an early dividend payment was possible. Total
sales, 81, $50, 600. United States new tours, reg
istered, advanced 4 and the threes and ives s
in the bid price.
The following table. prepared by L. W. Louis,
Room II, Board Of Trade, shows the range of
quotations: