The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-02-25
CONDITION OF THE MARKETS
Heavy Receipts and Soft Weather Add to
the Depression in the Grain Pits.
Heavy Buying ofWheat Finally Results in
Small Advance-Hs Heavy Trading in PrOvis.
ions Within Rather Narrow Range.
MONEY, BONDS AND STOCKS.

m Increase OF Activity, but the Fluctuations
are Very small.
NEW YORK, Feb. "a Money on call was easy
VI IL az per cent, the last loan being made at 2
slosing offered at II az
Prime mercantile paper a 05f per cent
Sterling exchange was dull but firm at "a. 65
for 6O-day bills and "a. 81 for demand
The total sales of stocks to-day were IA, 523
shares including the following: Delaware. Lack
awanna q Western, S,110; Erie, 700; Lake
Shore $500; Louisville g. Nashville Alto; Mis-
Souri, Pacific $780, New Jersey Central. $500;
Reading. Is. 400; Richmond g. West Point, 15,-
$50; st. Paul. 26,65O; Western Union. 1851.
The stock market was little more active to-
day, as measured by the number Of shares sold,
but the interest in the transactions was smaller
than ON any previous day this week. and the
movements Of prices. except in the last hour, was
confined to the narrowest limits. The feeling
was moderately bullish this morning. and while
the professionals were awaiting developments
the cliques had supporting orders in their
speciaties; outside interests were doing literal
,y nothing, however, and the business showed
no improvement over the preceding dull days:
81 Paul, Western Union and Richmond % West
Point monopoized the attention OF traders, and
the last named stocks were rather heavy, while
were gained. The advance was led by the Gould
stocks Missouri Pacific making the greatest ad-
vance. Manhattan, among the inactive
Est, was feature OF the day, rapidly
rising over 3 per cent. and holding
most of it throughout The operations Of the
pools ia Reading and St Paul snficed to make
them a little more active, but their prices re-
NAMED nearly stationary. Late in the day are
port that the Pennsylvania had started a cut in
rates caused some selling, and free realizations
were lndulred in, neutralizing the advances of
The forenoon in most cases. The frat sales were
made on a very dull market, and showed very
little change from last evenings prices, but
after q slight declining tendency the entire list
moved up slowly, Richmond 81 West Point alone
I'll wing evidence of weakness. The market re-
iapsed into extreme dullness, and remained with
ont feature OF any kind, except the advance In
Manhattan, until tho last hour, when prices be-
gan to give way and the market finally closed
dull and heavy at irregular changes for the day.
Final changes are generally confined to less
but Manhattan gained % while Richmond q
West Point lost II.
The railroad bond market was more animated
to-day the sales reaching the sum OF 81, 23l OOO,
of which SlS6, 900 were in Rock Island fves,
which was the only feature of the trading. ALI
the bids for the So 600 900 hves received yester-
day were rejected as too low, and the syndicate
being dissolved, brought on the market some
bonds held by weak holders. and prices re-
acted The general list showed some strength.
and advances are most numerous tonight Met
trail fives of 1891, II, to 11l4. The few declines
include Rock Island ives. q. to 1044, and Texas
Pacific income receipts, II, to 4Ss.
Government bonds were dull and rather heavy,
and State bonds were entirely neglected. Clos
ing quotations were: