The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-03-14
MINOR STOCKS ACTIVE
LAKE ERIE AND MONON MADE VERY
SUBSTANTIAL GAINS.
Southwestern Prominent i'm the Up
ward Aforementioned Trade Not
~ Good rs Expected.
At New York. yesterday. money on call

At New York. yesterday, money on call
was steady at 2hq2ls per cent.
Prime mercantile paper. 31zd4A per cent.
Sterling exchange was steady, with actual
business in bankers bills at s4.S7ss for de-
mand. and at s4.S4b for sixty days; posted
rates. Sf.S5h and s4.SSik; commercial bills.
$4.S3A44S3&.
Silver certificates were 611kQ63c; bar sill
yer. 61hc: Mexican dollars. 49c. Bar silver
closed at 2s 3-16d an ounce In London.
The dealings in yesterdays stock market
covered an extraordinary range of securi-
ties. Quotations were made for some
stocks which have lain dormant for many
days and a number OF usually very quiet
stocks were made active. Stocks of some
small railroads, which are usually obscure.
by reason of the small amount OF their
capital stock. were made comparatively
conspicuous in the days market. Opera
tions were constantly shifting from one
stock to another. none maintaining it's
prominence for any great length of time.
The days operations footed up quite an
important aggregate, and the general APP
p%earance of the market. Notwithstanding
it's peculiar features and the difficulty of
analyzing IL, was one Of activity and
strength. There was a tendency to yield the
highest prices. as interest was shifted to
new points. Extensive realizing was going
on I'm the general list under cover OF the
strength in spots. and In the last hour an
active selling movement to take profits
caused a general reaction, reaching a point
or more in some of the active stocks. The
close itself was rather easy and much be-
low the best all around. Among the days
special movements the Southwestern
stocks were prominent, led by st. Louis
Southwestern, the common rising 4 and the
preferred AZ. The Lake Erie * Western
stocks were very strong, the common rising
as and the preferred 4. Buffalo, Rochester
* P~ittsburg preferred and Burlington,
Cedar Rapids * Northern rose 4 points
each. The express stocks were. strong. Am
erican Express rising 4. Wells-Fargo pa
and United States 3. with a reaction OF ~.
Among other stocks which rose from / to =
points at some time during the day were
Chicago Great Western, the Chicago, In
~dianapolis < Louisville stocks. the Chicago
ermina Transfer stocks, the Chicago K
Eastern Illinois stocks, Des Moines az Fort
Dodge. Pere Marquette. Minneapolis &
Chesapeake a Ohio and Norfolk * West
ern; Among the industrlals. Cotton OIL. the
Mailing stocks. Peoples Gas, Western
Union, Continental Tobacco preferred and
Brooklyn Rapid Transit gained as much.
st. Louis * San Francisco, after rising
strongly. fell ? points under Tuesday night.
The smelling stocks were weak throughout,
the common falling ga and the preferred
liz. Many of these movements We're with
out any explanations. and others were
based on vague rumors, for which no Of
fetal sanction could be had. The money
market continued unruffled, I'm spite OF alb
sorption by the subtreasury thus far this
week OF s.. 161. 900 and the knowledge that
$20.000.00 must be provided for the dis
bursement of the Standard Oil dividend or
Friday.
Business in railroad bonds continued
large, and many substantial advances were
scored. Total sales, at par value. were ST.
$4,000. United States threes advanced n pei
cent. on the last call.
Following are the days share sales and
the closing bid prices: