The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1899-02-03
NET DECLINE IN STOCKS
EVERYTHING SOLD OFF AFTER
EARLY SHOW OF STRENGTH.
Lov-Priced Shares in Demand for a
Time on Better London News
Local Business Active.

At New York, yesterday. money on call
was steady at EGGS per cent; last loan,
per cent.
Prime mercantile paper, 214d3A per cent.
Sterling exchange was strong with actual
business in bankers bills at $4S61aG4S6$4 for
demand, and at $46S14 "a S318 for sixty days;
posted rates. $4.M and $4S6; commercial bills,
81. S2Q4.S21z
Silver certificates nominal at 5919q6012c;
bar silver, 591ac; Mexican dollars, 471sc. At
London bar silver closed quiet at q 7-16d an
ounce.
Total sales of stocks, 799, 700 shares, in
GLIDING: 14020 Atchison, So $50 Atchison pre-
ferred, 1880 Central Pacific, 6O950 Chesa-
peake & Ohio, %, 44O Burlington. 1O.6OO Cleve-
land, Cincinnati, Chicago & St. Louis, 1880
Denver & Rio Grande, 1O.54O Denver & Rio
GranGe preferred, 1900 Lake Erie e. West
ern, 1850 Louisville & Nashville. q, $50 Man
haitian, 1900 Metropolitan, 7,13O Reading pre-
ferred. 500 Minneapolis & st. Louis, S,4OO
Missouri Pacific, $500 Missouri, Kansas &
Texas preferred, 1855 New York Central,
1850 Northern Pacific, 9625 Northern Pa
cifc preferred, $500 Ontario & Western,
6,755 Rock Island, 4,610 ST. Louis & San
Francisco second preferred, 14,7SO Union Pa
cific, $3.50 Union Pacific preferred, t. $50 st.
Paul Is, $50 Southern Pacific 5,525 Southern,
1890 Southern preferred, 1896 Texas & Pa
citic, 4S00 Paper, 13 $50 Tobacco, 1850 Steel,
| 10,445 Steel preferred, 1880 Peoples Gas,
41S5 Consolidated Gas, 304O General Electric,
22,4S5 Brooklyn Transit. 1900 Pacific Mail,
az, 250 Sugar, $3.50 Tennessee Coal and Iron,
| 1850 Leather preferred, $3.50 Ruber, II, $50
Chicago Great Western.
| New York stock prices made fractional net
| declines on Change yesterday, with deal
! irgs in about 100000 shares Influenced by
better London quotations and the reduction
of the Bank Of Englands rate of discount
stocks opened strong, with advances of
| about one-half a point in the active list
| There was a disposition both here and abroad
] toward increased interest in loW-priced
shares. Purchases for London account on
| balance reached about 5000 shares, but it
was estimated that about 10000 shares of
! stock shipped from London would reach
New York this week: Advices indicating
| that the ratification of the peace treaty was
| likely had some influence on speculative SEN
| timent and prices continued to rise most of
| the forenoon. Chesapeake & Ohio, Interna-
tional Silver, Louisville q Nashville and
Denver & Rio Grande moved up smartly.
! There was a sympathetic advance among
! the high-priced stocks, but it was of only
moderate proportions, Central Pacific,
| Southern Pacific, Atchison preferred Ten
nc ssee Coal and Iron, Cleveland, Cincinnati,
| Chicago & st. Louis and Norfolk & Western
| preferred were strong. Periods of strength
were displayed by Manhattan, Brooklyn
| ana III the afternoon the buying Q6-
mand slackened and the apparent inclina-
! tions of commission house customers to take
! profits induced traders to offer stock down,
which in turn brought about some liquida-
| tions of weak holdings. There were sharp
recessions in number of specialties, in
| Guiding Peoples Gas, Sugar, Tobacco, Twin
| City Rapid Transit Metropolitan Traction
| and Consolidated Gas. The weakness of the
| latter stock was in a measure attributed to
| measures introduced in the New York Leg
| islature for the reduction in the price of
| gas The grangers and a number of other
| stocks receded a point and over from the
| best, Selling for time was on moderate
dealings, but before the movement was over
| the volume increased considerably, and
| prices got we'll below Wednesdays closing.
| In the late dealings there were slight rallies,
| led by Sugar, and the market closed firm.
| The announcement that the proposed issu-
ance of Manhattan stocks for electrical
| equipment had been underwritten benefited
| Manhattan in the early dealings, but it
| failed to hold the advance.
| The bond market showed more stability
| than stocks, the undertone being one of I'M
doubted strength. In the final operat tons,
! however, profit taking impaired an irreg-
ular close. Total sales, $4.SOO,O0O Govern
ment bonds were unchanged in the It'd
prices.
The following table. prepared by L. w.
| Louis, Room II, Board of Trade, shows the
| range of quotations: