The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1899-06-13

was easy at 2ds per cent; last loan. 2z per
cent.
Prime mercantile paper, SA94 per cent.
Sterling exchange was firmer. with actual
business in bankers bills at s4.s7zG4ss for
demand, and s4.s5zG4.36 for sixty days;
posted rates. s4.Ss15G4.S7 and $3.50: COM
rlercial bills, A.s5G4S5h.
Silver certificates. 6O1sG62c: bar silver.
GO1zc; Mexican dollars. 4skc. AT London. bar
silver closed dull at 277sd an ounce.
Total sales of stocks amounted to $685.
shares. including: American Steel and Wire.
400: American Steel and Wire preferred.
800; American Sugar, $500; American Tin
Plate, 1900; American Tobacco, 1900; Atchi-
son preferred, 1850; Brooklyn Transit. g.
500; Central Pacific. 5000; Chicago, Burling-
ton & Quincy. 2s.0C0; Chicago Great West
ern, 400; Consolidated Gas, $500; CONT
mental Tobacco. $500: Denver G. Rio Grande,
10, 200; Denver G. Rio Grande preferred, 1900;
Federal Steel. 1880; Federal Steel preferred,
800; Louisville & Nashville. BOO; Manhat-
tan, $500; Metropolitan. $500; Missouri Pa
ciic. $500, New York Central. $500; North
ern Pacific, $500; Ontario & Western, $500;
Peoria. Decatur & Evansville. 5000: Penn
sylvania, 400; P~ittsburg, Cincinnati. Chi
cago & st. Louis, $500: Peoples Gas, 1880;
Reading first preferred, 9.400: Rock Island,
400; ST. Paul. IS. 700: Southern Pacific. 100;
Tennessee Coal and Iron, 200; Union Pa
cihc. 100; Union Pacific preferred, 800;
United States Leather. 1890; United States
Rubber. 300; Wisconsin Central. $500; Wis
consin Central preferred. 6.4Oo.
There was evidence of large buying by
powerful financial interests in a limited
number Of stocks on New York Change.
yesterday, and of manipulation to advance
prices in the stock market. Speculation
otherwise was in a somewhat Quiescent
state. Outside of the special cases where
prices were supported, the tone was rather
heavy. Many of the railroads ranged down.
ward within the limits of a point during the
early trading. There was organized buying
throughout the day of Federal Steel. which
was marked up nearly three points, and
closed almost at the top. There was som
steel stocks, American Steel and Wire re-
ssIPE S} s s., SSort: srog But vs .one well Fl s rs
Outside of Federal Steel. The So" sou
called Flower stocks were all well supported
and BROOKLYN Transit shared its strength
with Metropolitan Street-railway and Man.
haitian. This group of New York traction
stocks showed the effects of realizing from
tim time w to time 1rs DUR during s. the day; and M a,nS,:
taken up at one time. st. Paul in the lead,
but did not retain all of the gain, and in
were pretty well sustained also. Other
points of strength were Pittsburg. Cincin-
natl, Chicago & st. Louis. which rose 3&.
Chicago Terminal preferred. Denver & Rio
Grande issues and the newly-issued Wiscon-
sin Central stocks. Sugar f1uctuated up and
down during the whole day. but always
3 points. but lost IL all before the close.
There was no evidence of outside demand
group sD nfeR sh sns " itTeif af fee ado by sne the sa heaaS
tone of the foreign stock exchanges on ac-
count of political d~isquiet. The announce
istry helped the late reaction in prices. The
engagement of another 100000 in gold for
export to-day, although the probability OF
market.
No effect was apparent in the money mar
ket. which continued decidedly easy. Ex-
change. also, though 1t hardened a shade.
continues a broad fraction above the point
where exporters can figure a profit on gold
exports. 1t Is. in fact, generally admitted
that the gold movement is due to actual
buying of gold in this market to replenish
the reserve of the Bank of England, and
probably. also. for Russian purposes. This
Is a precisely similar operation to that un-
dertaken by the United States government
through a syndicate to replenish the gold
in the treasury during the last administra-
eign money markets are thus drawing on
New York for gold as the most available
source of supply, New York banks are Of
fering special Inducements, such as paying
the expressage on bills RENTED by their
| interior correspondents to secure a supply
| of legal-tender notes to meet the demand of
active business conditions.
The market for railroad bonds was dull
and sluggish and changes are mixed. Total
sales. par value, s., $4,000 United States
threes and the fives declined u in the bid
price.
The following table, prepared by L. w.
Louis, Room IL. Board of Trade, shows the
range of quotations: