The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-09-11
CONDITION OF THE MARKETS
Wheat Opens Weak. and Shows an Un-
settled Feeling Throughout the Day.
Corn Decidedly Strong Under an Excellent
Cash Demand-0ats Quiet but Firm Higher
Prices for al! Kinds of Provisions.
MONEY. BONDS AND STOCKS.

An Irregular, Feverish, and Generally Lower
Market In New York City.
NEW YORK, Sept. 10.-Monsy on call was
easy at lag per cent, the last loan being
made at Ii. closing offered at 1i02.
Prime mercantile paper, 5 96I per cent.
Sterling exchange quiet bat steady at
s4.s4s for sixty-day bills, and 81 s7s for demand.
The total sales of stocks to-day were 265, 2S7
shares, incudiog the following: Delaware.
LackAwanna & Western. 1892; Erie. 3,7I5;
Hooking Valley. s. 1885, Lake Shore, 4,003; Mis-
souri, Pacific, 1920; Northwestern. 1900; Nor
folk & Western. preferred. sos; Northern Pa
eifc, 4,7l9; Northern Pacific preferred, 1918;
Ohio s. Mississippi, 5,725; Oregon Transconti-
mental. Is, 790; Reading. 81 no. St Paul. 36.ol5;
Texas Pacific, 5.s25; Union Pacific. 6,l7O West
ern Union, 90, sec.
The stock market was somewhat irregular,
fsyerish and generally lower to-day, the heavy
trading in the low-prieed shares being
feature of the dealings, as well as the unusually
large number Of stocks traded in. There was a
renewal Of the attacks upon St Paul. with free
realization in most OF the active list. but the
most determined drive was made at the graug-
ers, il the last hour. BY which all the list was
a1ecLeC.
this evening in consequences. The early figures
from London this morning were lower than our
prices of Saturday, aud the bears Immediately
attacked st. Paul, which London also sold. with
others The general list, how
ever. exhibited streng tone and
soon broke away from St Paul, while
. number OF the inactive list developed marked
strength, Hooking Valley leading. the nesrness
Of the decision the suit for s., 900. 900, which
the friends of the road confidently expect viii
be in favor OF the company, stimulating buying
The general list sympsthized with those stocks.
and before noon most OF the list showed small
gains for the mornings work The improved
tone, however. gave way later, and these ad-
vauces were generally wiped out, though the
character OF the dealings underwent no change.
Among the stocks showing unusual strength to-
day were the stocks of the small coal companies,
though the stocks OF the great coalcarrying
roads rather sluggish as rule. The
Northern Pacific group also .u displayed
in the day, though only the Oregon
Improvement Company made any rise. The
drive was renewed after delivery hour with
great force. and, while the grangsrs were the
principal sufferers. everything on the list was
affected and the lowest figures were reached
shortly before the close. The dividend on St
Paul was offered for Der cent In the board to-
day, without takers The opening figures were
made at irregular changes from Saturdays clos
ing prices, and this irregulsrity was seen in the
early dealings almost until noon, and, while the
trading was quiet in the usually active shares,
the lowest-prieed specialties became more active,
and most OF them strong, and did not
show signs OF weakening until toward
2 p. II. Denver & Rio Grande was a
feature of the afternoons market, and, with
Hooking Valley. led the upward movement
Business became more active In the last hour,
aud the grangers slumped OF quite rapidly,
carrying the rest of the list with them, even the
spscialtiss giving way under the pressure. The
close vas quiet and weak, generally at the low
est prices reached Most Of the list show de-
clines tonight, but, with the exceptions Of st.
Paul. which 10 down IL per cent, and North
western, which lost per cent, the losses are
for fractional amounts only, while Hooking
Valley rose %, and Denver & Rio Grands. both
common and preferred II per cent The mar
ket was little more active than the average of
last week.
The railroad bond market was quiet to-day,
and though there was special activity any
where in the list the sales Of all issues reached
1885. 600 The tone Of the trading, unlike that
in shares. was strong throughout, and almost
everything traded in shows advance this
evening. The gain Of most importance was the
Chesapeake g. Ohio and Southwestern seconds,
4, to 76.
Government bonds were quiet but firm.
State bonds were dull and steady. Closing
quotations were: