The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-08-30
STOCK MARKET HIGHEF
STEEL GROUP OF SHARES LED IN
ACTIVITY AT NEW YORK.
Advance Of 4 to z 1-2 Points ON Re.
ports of Growing nm for
PrOducts-Local Trade.

At New York yesterday money on call
closed easy at 1AQ1h per cent.
Prime mercantile paper, fAQ4z per cent.
Sterling exchange firmer, with actual
business In bankers bills at s4.S7hd4S7as
for demand and at A.A for sixty days;
posted rates, Sass AID si.ss1m. Commercial
bills, $4.S31z.
Bar silver. 61%c; silver certificates. 61%
@62zc. Mexican dollars, 1850. At London
lar silver closed strong at IS 7-16d.
There was a stirring of speculative in
terest at New York yesterday which gave
an appearance of greater animation to the
stock market than 1t has shown for two
weeks past. The strength centered in the
steel group for the greater part of the
day. but in the later dealings 1t extended
Throughout the list The list of active
stocks was not a long one. but UGH as
were dealt in show uniform gains extend
ing to a point or over that in many cases.
The gains were generally held and profit
taking made only slight inroads. the close
being firm, though quiet and near the top.
Although the number of issues dealt in
was not large, the trading was not nearly
SC concentrated IN a few stocks as for
some time past. In the steel group the
gains ranged from a point to 2 and "a, the
latter figures In National Steel and Steel
and Wire. There was no exception in the
group to the upward tendency, which was
due to the reports of the growing demand
for iron and iron products of pretty much
all grades. The progress OF negotiations
for the settlement of wage schedules which
gre In progress was probably reflected also
IN the movement. Generally speaking, the
demand for stocks is partly ascribable
which was made uneasy by the check to
the decline effected yesterday. Their dis
quiet was increased by several incidents
OF the day.
the better. tone of the London market,
which was encouraged by the reported sue
cesses of General Roberts against the
was on a small scale. The upward course
OF London discount was checked, however,
and the hope was entertained that with
the conclusion OF the Stock Exchange set
Element there, money difficulties are OBJ
Waited for the immediate future. The state
ments OF railroad earnings for the day
were good. including the Wabash annual
report, showing a prosperous year, and the
St. Paul report for July. The threat of
q strike of the anthracite coal miners did
not seem to affect the market. and Erie
first preferred, In the group of coalers. adj
vanced ~. The homeward course from
summer vacations in Europe of "A number
OF the influential men in Wall street move
ments was a sentimental influence for the
advance, the room traders. who still absorb
practically all the dealings. seeking to an
ticipate the coming operations which they
suppose these men will embark upon. The
conditions in the money market remain
unchanged.
Dealings i'm bonds continued dull and the
market Irregular. Total sales, par value.
$l.075.0D0 United States new fours and old
Tours advanced X in the bid price.
Following are Mondays share sales and
the closing bid quotations: