The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-11-23
ALL KINDS OF RUMORS
THEY HAD VARYING EFFECTS ON
SHARES AT NEW YORK.
The Close Was Weak and mt About the
Low Level of the Dny-Loca1
Trade Beared by the Weather.

At New York. yesterday. money call was
steady at saz per cent; last loan. per cert
Prime mercantile paper. 4Q4s4 per cent.
Sterling exchange firm. with actual brsi-
ness in bankers bills at s4s4A for demand. and
Ash for sixty days; posted rates were s.s2
and SASH: commercial bills. s4SOisa4soA.
Silver certificates were erz@65c; bar silver,
es7sc: Mexican dollars. 5oc- Silver bars, at Lon
don. were 20 s-16d an ource
There was the same ebb and flow in yes
terdays New York stock marker that has char
acterized II for several days past Neither the
beginning the end however. was so well
defined as they were Wednesday. The currents
and cross currents very confusing all
day and rsade 1t difficult TO anaiyze the tone.
except during a period OF pronounced reaction,
which developed after the opening, and IN
equally pronounced recovery before the close.
The close itself was reactionary and weak,
under the influence OF violent break OF AZ
Points in American Steel and Wire. That stock
got up 10 81 in the general rally OF the market,
but plunged downward TO 4sz in few minutes.
and closed about there. with heavy offerings still
coming on the market The bear contingent
succeeded in pretty well getting the upper hand
early In the day. The market opened with
price currents moving in whrling eddies. There
was continued strong absorption in some Of
Wednesdays strong stocks. the local fractions
and ST. Paul being conspicuous A later strong
demand developed for Chesapeake & Ohio, on
buying said to be for Philadelphia account.
This stock moved up an extreme 2A. This
movement however. was not sufficient 10 dis
courage the profit-taking and bear pressure.
which had been more or less manifest. especially
in the steel stocks. from the opening. aid the
whole market fell away without much support
the lowest of the day. The rally in
augurated IN st. Paul. That stock was carried
20 100. and the other grangers. Sugar. the local
traction stocks and General Electric. made the
readiest response. An effov- made to con-
tInue the movement by the time-honored device
OF bidding up the vanderbllts, but this proved
unavailinx in the face OF the acute wea kness
shown By the steel stocks The news OF the
was felt at the cessation of Wednesdays heavy
demand from Londou. That center turned SELL
err. yesterday. the extent OF about 1000 shares
demand for stocks from the West, which was
cut OF from wire communication Wednesday.
The bears were all inclined to make capital
out OF the reported dispute among the diplomats
at Peking. and their tactics shown in the
circulation OF rumor that the Car deal.
weight. and that the Kruger demonstration IN
MaTseilles and the reported injury to General
Roberts had influence. tend TO show that
the movement OF the market was 10 large
extert on sensational grounds. TIE money
market showed signs OF any stress from the
large speculation. and apparently easier
on the large receipts OF Australian gold here
during the week STANDARD OIL shares made
another high record. selling up to Sal
share. ex- dividend. This represents jump
OF II points for the day, and is equivalent to
advance of 81 points. the dividend being 10
per cent
The bond market was notably strong I'm spots
but weakened at other points. Total sales at
par value, were s5.515.O00. United States re-
funding twos advanced y. ana the fours
y per cent. the last call
Following are the days share sales and the
closing bid prices: