The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-01-27
ANOTHER DAY OF INERTIA
NEW YORK STOCKS DULL, WITH A
DECLINING TENDENCY.
international Stocks and Industrials
Formed the Bulk OF Business
Local Trade Conditions.

At New York. yesterday. money on call
was easier at 203 per cent; last loan. per
cent.
Prime mercantile paper. ElkG5M per cent.
Sterling exchange was hrm. with actual
business in bankers bills at $4s7Aq4S7l4
for demand. and s4.s4l4gAsils for sixty
days: posted rates. Sass and Sass; CONNER
cial bills. $4ss14Q4.Sss4.
Silver certificates were s9is6401sc: bar sill
yer. 5sssc: Mexican dollars. S7lso. Bar sill
yer, at London. was steady ut q 7-l6d per
ounce.
The record OF the day on the New York
Stock Exchange was a repetition Of Thurs
day IN inertia. but prices went down In
stead OF up. as was the case on that day.
The retirement Of the British from Spion
kop had as little influence as did the
previous days news Of the success there.
Opening prices showed sharp declines, in
ternational stocks being quoted at about
the London parity. The weakness in Lon
don induced no selling here, however, and
the local traders were disposed TO buy the
stocks offered for London account in the
same way that they sold. Thursday. to
meet the London demand. No attempt
was apparent to bid up prices. as the local
dealers seemed content to take the offer
ings at the London level of prices. The
sales for London account were estimated
at something ever 600 shares, very evenly
distributed among the various international
stocks. This constituted the bulk of the
days business In railroad stocks, and prices
IN that department never got far from the
opening level Much the greater portion
of the days small business was i'm the
speculative industrials and specialties.
These were weak from the start.
The weakness in Sugar was attributed to
operations by speculative clique. Metro
politan made a momentary show of firm
ness, on belief in hitch in the closing of
the contract for the rapid transit tunnel.
The Rubber stocks, which have not been
active recently, were forced down four
and three points. respectively, but recov-
cred two points each. On the curb, New
Amsterdam Gas was rather active and
strong, and Standard Oil advanced to a
new high level. Returns by the leading
banks OF the currency movement for the
week indicate that the net receipts for
the interior by express have been slightly
less than last week, but the gains on sub
treasury operations were little more than
balf those or last week on account OF di-
ninished pension disbursements and
ttnued heavy revenue receipts. The total
gain in cash, for the banks, Is estimated
at near $7,000.000 1t is evident that stock
exchange operations have made no de-
mands on the loan accounts of the banks.
But the placing OF time loans and the
buying of mercantile paper may have fur
ther expanded loan accounts. The sales OF
the New York city bonds during the week
may also be reflected in the loan account.
The bond market made further progress
towards dulness, and the tone was rather
easier. Total sales, at par value, were
81, $4,000. United States old fours and the
fves. coupon, advanced one-fourth in the
bid price.
Following are the days share sales. and
the closing bid prices: