The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1899-03-01
LIVELY STOCK SALES
QUICK DECLINES ON REPORTED EN-
GAGEMENT Az MANILA.
Professional Seem to BE Much Afraid
Something Will Happen in the Near
Future-LocaI Trade Active.

At New York yesterday money on call was
steady at 2isg3 per cent. last loan. 3 per cent.
Prime mercantile paper. 3Q31z per cent
Sterling exchange was steady, with actual bust
ness in bankers bills at s4.S6A and A.S61s for
demand and at s4s614a4sels for sixty days;
posted rates. A.S4kGi.s5 and A.s6l3q4S7; COM
mercial bills. 81 sSh
Silver certificates. nominally, 591zg6o1zc; bar
silver. 5slzc: Mexican dollars. 47Ac. AT London
tar silver closed quiet at Esd an ounce
Total sales OF stocks were SOS, 100 shares. In
GLIDING 1920 Atchison. 80. 45 Atchison preferred.
3,s75 Central Pacific. 49, 100 Burlington, $50 Louis
VILE & Nashville. 5000 Manhattan. 6.5e5 Met
ropcIitan, q, go Reading preferred, 5.17o Missouri
Pacific, 4,7S0 Missouri. Kansas & Texas preferred.
400 New York Central. 35.5O North American,
$3.50 Northern Pacific. $500 Northern Pacific pre-
ferred. ALSO Ontario & Western. 3,470 Reading,
1851 Rock Island, 44.5 Union Pacific, IL. l4o st.
Paul, Cess Southern Pacific. 1850 Southern pre-
ferred. $500 Texas Pacific. $3.50 Union Pacific
preferred. S6.s95 Tobacco. $500 Steel. $3.50 Steel
preferred. $3.50 Consolidated Gas. 500 Brooklyn
Transit, 400 Pacific Mail, 2,9i5 Sugar. $500
Tennessee Coal and Iron, $40 Rubber.
There were average declines of from one to two
points among the leading stocks on New York
Change yesterday, including the railways. In
the case OF Burlington there was an extreme de-
cline Of AZ. The specialties, although showing
considerable strength al one time, made extreme
declines from the highest that We're generally
large. Metropolitan fours lost AZ. Consolidated
Gas s, Brooklyn Rapid Transit 2s, International
Silver 5hs, Sugar 2. American Steel 4 and Federal
Steel Az. St. Louis & San Francisco seconds
made a dip OF 3 from the top, while Lackawanna
and Atchison preferred figured for about q. each.
Third-avenue was subject to violent fuctuation
on reassertions of the story that it had acquired
the interests of the Metropolitan Traction Com
pany. After a break of five points Third-avenue
rallied fifteen and lost ten points and ended un-
changed. In the early dealings there was small
buying by London interests connected with the
Steel stocks and also some purchases Of Burling-
ton. Realizing by commission houses sent prices
off. BurIinston's decrease of So. 900 in surplus
during January had a depressing effect on the
railways. being coupled as 1t was by realizing
in positions and unfavorable Interpretation given
to its January statement, which appeared late
yesterday. The market rallied and then declined
again on talk of the possibility of tighter money
and on the circulation of a rumor that the Amer
leans had sunk a German cruiser at Manila.
There was a brisk attack on values. ~stop-loss
orders being uncovered and considerable liquida-
ton was induced. Prices picked up when IT be-
came known that no such disturbing Manila ad-
vices had been received. but speculation became
unsettled again with the renewal OF pressure.
Sugar showed early strength. Reports were that
London sold in the afternoon the stock purchased
earlier, and that two of the leading interests
that had been prominent on the bull side were
said to be practically out OF the market for the
moment and let some Of the stocks with which
they had been identified shift for themselves.
Many millions OF dollars worth OF American Sc
curities sold by London in previous weeks reached
New York in the past few days. but the agents
OF some foreign houses expressed the opinion that
shipments have practically ceased. at least for
the present. as sales for foreign account had OF
late been largely balanced by purchases.
General weakness marked the bond trading to-
day. with the active issues receding smartly.
Total sales, $~.150.OOO. United States new fours
advanced u and the threes Is in the bid price.
The following table. prepared by L. W. Louis.
Room II, Board OF Trade. shows the range OF
quotations: