The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-09-25
HAD A LIGHT SUPPORT
STOCK MARKET TOOK RECoGNI-
lance OF BETTER CONDITIONS.
spurt Was but Brief, and the Net
Gains saved Are smali-Local
Wholesale Business Is Good.
At New York. yesterday. money on call was

At New York, yesterday. money call
nrmer at 1ss92 per cent
Prime mercantile paper. 4IsG5lz per cent.
Sterling exchange was heavy, with actual
business in bankers bills at $4-s65sQiS6a for de-
snand and at skSdLs3ls for sixty days. posted
rates. A-sf and Sass; commercial bills. As2A0
xs2zc.
silver certificates were 62%Gsszc; bar silver.
62kc; Mexican dollars. 49&c. Bar silver. in Lon
don. sold at rs 15-16d an ounce.
The stock market found some support from
sundry causes at times yesterday. and prices
Were at one time lifted to level quite sub
stantially over that Of Saturday at the close.
Weakness persisted in individual stocks,
and the announcement of small failure. early
In the afternoon. put stop to the advancing
tendency OF prices. that the closing
heavy and dull with only few net gains
naming. The special points of weakness were
Peoples Gas and Brooklyn Transit. the former
dropping below So, before the close, and the
latter touching as being the low prices the
present movement. The late weakness had a
sympathetic effect elsewhere among the special
ties Tobacco. Sugar and the New York utilities
being notably affected. The steel stocks were
prominent in the early strength of the market
account of settlement for the coming year
of the schedule of wages. Several stocks in the
group were marked up from 1 to III Tennessee
Coal came under pressure the advance, and
marked down 4 points, but rallied q
point and closed with loss Of IA The
whole group yielded TO some extert, with the
later weakness in the market. The rally in the
market was due IN small part to the
ing demand from shorts and 10 the absence
from the board room oe some OF the influential
bear traders account OF the Jewish holiday.
The resumption OF mining in some OF the coal
mines had rather bracing effect the
ket, and published estimates OF the available
reserves Of coal already mined detracted some
what from uneasinesS over the effects of the
strike. In the money market, interest rates were
not changed. but the outgo TO the interior con-
tinueo on a liberal scale The growth OF strin-
gency In the foreign markets. especially Lon
don and Berlin, promises renewed pressure on
mercial exchange 10 the market. yesterday.
sufficient 10 depress the sterling rate a
fraction. Last weeks small exactions by the
subtreasury due to the large outgo from
that institution on account of pensions and on
account OF the renewal OF bond conversions and
premium payments forced by the measures
taken by the secretary OF the treasury to with
draw government deposits secured by the called
per cent. bonds. unless substitution were made
or other bonds The requirements OF the SUBJ
treasury. this week. on the regular government
be added TO The other exactions on the money
market.
The majority OF bonds showed declines but
there few advances. Total sales at par
valE~, were $50 900. United States old fours and
foiirS, registered, declined u per cent: new,
fours. coupon y. and the refunding twos when
issued. the threes and fves, y in the bid price
Following are the days share sales and the
closing bid quotations.