The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-01-15
YELLOW METAL EXPORTS
CHANCES ARE THAT THEY WILL BE
INAUGURATED TOMORROW.
Bulls and Bears Wage n Confused
Campaign I'm New York stocks
Local Trade i'm Good Volume.

At New York, yesterday, money on call
was steady at 2A94 per cent. last loan, 8
per cent.
Prime mercantile paper, q per cent.
Sterling exchange was firm, with actual
business in bankers bills at s4.S714 for de-
mand and ASS% Cor sixty days; posted
rates. si.S4 and s4.ss; commercial bills. s4.S2A
and s4.S3H. .
Silver certificates were 64lzG65hc; bar
silver. es1zc; Mexican dollars. $3.50. Silver
bars at London were 29Ad an ounce.
The currents in yesterdays New York
stock markets were exceedingly confusing
and irregular, and the contest between
speculative forces was by no means conclu-
sive. There was a very large amount OF
speculative liquidation accomplished. and
there were periods of acute and general
weakness. Some of the recently prominent
stocks in the advance suffered from ma
terial setbacks. On the other hand, there
were stocks whose strength was constan.
in varying degree throughout the session.
The selling movement showed symptoms of
having largely expended itself during tho
course OF the day, and there were signs of
renewed aggressiveness on the part of the
bull interests. and the market rallied
~ougho from the midday low level. New
stocks came into the leadership, and there
were indications that the personality OF the
leaders of the speculation had also under
gone some change. The brokers. who were
the largest sellers in the railroad list. were
very heavy buyers OF some of the steel
stocks. and IL was evident that an attempt
was to be made to conduct a double cam
paign in the market on the bear side in
some of the railroads and on the bull side
fin the steel stocks. The market closed, in
fact. with some notable advances scored
in the steel group, and with renewed weak
ness among the railroads and specialties,
scme of the latter two classes selling at
the lowest on the last sales. The Fries
had a notable recovery from early weak
ness. the first preferred getting 2s above
Saturday. The Southwestern group showed
signs of strength and St. Louis south
western preferred got a point above Sat-
urday at one time. Cleveland. Cincin-
and ga, respectively, for the common and
the preferred. TIL National Salt stocks
gained 2 and rs. respectively, and Lead
preferred recovered 5 points OF its recent
heavy decline. American Tobacco was PA
points over Saturday at the highest But
these points OF strength were the excep-
tons in the market, although they had an
effect In rallyirg other stocks and I'm large
~ reducing the average net losses st.
Paul was forced at one time below $50.
which was ass below Saturday, and closed
with a net loss OF Sh. Other grangers were
weak The local traction stocks relapsed
shorptly after the buoyant movement of
Saturday. and Manhattan closed weak at
the lowest. after a midday rally. at a net
loss OF 2ss- The Pacihcs were vigorously
sold No admissions could be secured from
international banking houses OF any COM
pleted arrangements TO ship gold. but with
sterling exchange continuing TO advance,
reserves OF money rapidly increasing al
this center and continued uneasiness over
the future in London, the conviction is gen
eral that a considerable sum OF money will
go out and that the movement will be in
augurated on Wednesday.
The bond market was weak. i'm sympathy
with stocks. Total sales az par value were
8. $4,000. United States bonds We're all un-
changed on the last call.
Following are the days share sales and
the closing bid prices.