The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-11-16
RENEWAL OF STRENGTH
STOCK MARKET MORE ACTIVE AND
AT A HIGHER LEVEL.
Changes, However, Are Still SOme-
what Irregular-LOcaI Trade In
Unusually Healthy Condition.

At New York yesterday money on call was
steady at 3l4Gs per cent; last loan, Sis per cent.
Prime. mercantile paper. 41z@5 per cent.
Sterling exchange was firm, with actual bust
ness in bankers bills at s4s4ss for demand and
e4so7, for sixty days: posted rates, s4s11s ana
siSis: commercial bills. A.sOQ4S0ll.
silver certificates We're 64as5c; bar silver. e47sc;
Mexican dollars 50Hc- At Londo-. bar silver
sold At 20 s-1ed an ounce
Strength was removed in the New York stock
market yesterday, but there was nothing like
. resumption of the speculative enthusiasm OF
last week. There were more stocks that moved
strongly upward than Wednesday. and there
were fewer that closed the day lower than they
left of Wednesday night. but there was never
theIess continuance OF the irregular tendency
in the market. The points Of strength. though
more numerous still somewhat Isolated.
and the market did not at any time show permc-
ating and vigorous strength. The gains seemed
to be due either to the operations of speculative
pools working; for an advance in special stocks.
OF to causes affecting the individual stocks.
General Electric duplicated its gain of Wednes-
day with another six point rise. carrying it to
1901 on the large earnings reported. Wednss-
days strength In the coaers became largely
localized In New Jersey Central. which up
at one time Al points on reports of a coming
increase In dividends The movement of broad
es. scope for the day was In the winter wheat
grsngers. which advanced between and two
points all around on the good weather for the
crop In that territory. The movement m Great
Northern preferred and IN Union Pacific was at
trfbuted TO the reports OF a working agreement,
looking to extension OF tra-tc into each others
territory. Northern Pacific. after a rather
slight advance. fell back 10 about "Wednesday
nights level. Consolidated Gas Continental To-
bacco. Peooie's Cas- Tennessee Coal. BROOKLYN
Transit and some other specialties were strong
IA the same way London bought small num-
Der OF stocks on balance. The professional pres
against the market was relaxed. and there
were no further signs of urgent lquidation al
though profit-takng was in evidence at some
points all day. Money appreciably easier,
and favorable bank statement Saturday is
beginning TO be discounted The subtreasury op-
srations have contributed about 81 500 600 to the
market by reason OF the falling or IN internal
revenue collections and large disbursements for
pensions. There have been light currency ship
ments to New Orleans. but Chicago exchange
rose to par. Reports from interior money
kets are or easy conditions, due tC a process Of
uniooeening after the election similar TO those
which occurred in the New York market. Ar
rivals OF over 100000 In Australian gold mr..
expected in San Francisco IN few days which
be made available by teiegraphic transfer
through the subtreSsuries to the cash reserves OF
New York banks There Is a feeling that the
large war loans impending in England and Ger
many probably will not be offered until early
next year. The statement OF the foreign trade
for October gives increased confidence in the
country's financial resources. The total ex-
ports. well as the excess OF exports over i'm
ports are FAR greater than those for any previous
month In the countTy's history. the excess OF
sss' rs - ''' va
The bond market was OF the same character
as the stock market. showing strength. but not
at the high level of last week 5 activity. Total
ref1nding twos and the threes. coupon. declined
!. per cent, and the thIees registered. and the
old fours y Per cent. the last call.
Following are the days share sales and the
Closing bid price: