The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-09-13
CONDITION OF THE MARKETS
Fair Business in Wheat, Accompanied
byaS Somewhat Unsettled Feeling.
Corn Strong on Moderate Trading. the Range
Being NarrOw-0ats Dull and Featureless
Provisions Very Dali and Easier.
MONEY, BONDS AND STOCKS.
An Irregular, Unsettled bus sverish Mark'
An New York.

An Irregular, Unsettled bUs sverish Market
In New York.
NEW YORK, Sept 12.-Money on call was
easy at II az per cent.
Prime mercantile paper, 5 a6 per cent.
Sterling exchange was dull but steady at
81 s4S for slxty-dsy bills, and 81 So for demand.
The total sales Of stocks to-day were 244,396
shares, including the following: Delaware.
Laekawanna & Western, 1890; Erie. Sill;
Lake Shore, 1910; Norfolk s. Western.
4,37s; Northern Pacific. 3,O7s; Northern Pacific
preferred, s,27O; Oregon Transcontinental,
l7,I7O; Reading, 1.500; ST Paul. &c, las; Texas
Pacific, 1878; Union Patio. 500; Western
Union, $1,000; Northwestern. ,575.
The stock market was somewhat less active
to-day, and irregular, unsettled aud feverish
throughout with the general tendency Of prices
in downward direction. The uncertainty in
regard to the ST. Paul dividend WAS the con-
trolling cause of the unsettled feeling, and there
a marked indispositon to make new
ventures, while old accounts were closed up in
many cases on both sides OF the account There
was considerable pressure to sell in the early
dealings, which was directed principally against
the grsngers, and the rest OF the list sym-
pathized closely with the movement A reaction
was brought about by receipt OF rumor that
Chicago, Burlington & Northern had agreed to
JOIN the Central Traffic Association, but this
was afterWard neutralized by denial of
the rumor from Chicago that Western connec-
tions of the Pennsylvania had reduced rates on
grain, which put damper on the bullish feel
ing. There was very little movement in the
t,.% h.
New England was more active than usual and
was conspicuously well held when the rest or
the list we're weak and declining. Tiers was q
great deal of talk on the street but the general
belief was that the shorts in it were being
twisted, though the stock huctuated only per
cent for the entire day. The coal stocks were
quiet throug nout and attracted very little atten-
ton, whllo tae most marked movements were
in the low priced shares. and Chesspe axe &Ohio
vas especially active ani strong. each kind of
stock rising nearly 2 per cent. London prices
rame higher this morning, and foreigner s were
buyers at the opening, which made first figures
from ! 20 ! per cent. above last evenings
prices but the pressure 20 sell quickly forced the
list of, the erangere taking the lead, though
Lsckawanna aud Lake Shore wefo also weak.
The movement was over, however, before the
end OF the first hour, and some of the specslities
were strong all the way out. On the rally
which followed before noon, Northwestern led
the advance and most of the list we're brought
up to the neighborhood OF first prices, but the
subsequent movements were slight and irregular.
and IN the last hour TIE market became quite
weak throughout, and the close was dull and
heavy st small declines for the day. The
changes are almost invariably in the direction Of
lower figures, though Hooking, which lost Il per
cent was the only important decline.
The railroad bond market was fairly active,
the total sales reaching 81, ca. 000 out Of which
Sl42,0 900 were In Fort Worth 81 Denver frsts,
Sl25, 00C In West Shore fours, and Sl07, 600 In
Green Bay incomes. The tone OF the market
was strong almost throughout, and while there
were some declines most Of the list materi-
ally higher this evening. The features of the
trading, besides the issues named, were Chesa-
peaks & Ohio issues and Reading incomes.
Houston & Texas general certificates rose 2 to
724: New Jersey Midland frsts, 2, 10 lis. and
Richmond G. Allegheny receipts, 2. to 90
Among the losses were Pensacola & Atlantic
frsts. 2, a. 81, and Omaha 81 ST. Louis frsts 1,
at ..
Government bonds were quiet and strong.
State bonds were entirely neglected. Closing
quotations We're: