The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-03-03
CONDITION OF THE MARKETS
"a BuIlish Feeling in Corn, Followed by
Better Prices and Heavy Trading.
Fair Volume OF Business in Wheat, but the
Trading Chiefly Local in Character-Oats
Higher-PrOYisiOns Slow and Easier.
MONEY, BONDS AND STOCKS.

The New York Market Takes Another Down
ward Turn. Everything Being Weak.
NEW YORK, March Mooney on call was
easy st 203 per cent, the last loan being made
1t 3. closing at 202A.
Prime mercantile paper. A053 per cent.
Sterling exchange was dull bat steady at
e4e53 for sixty-day bills. and s. s72 for demand.
The total sales OF stocks to-day wers 166, 1855
Bharss, including the following: Delaware, Lack
awanne s. Western, 5000; Erie, $3.50; Lake
Shore. AGO; Louisville g Nashville, IA, 40;
Missouri Pacific. 7.l30; rthwestern. $500;
Reading, 77060 Richmond 81 WestP cinf 8, AS;
st. Paul. $500; Union Pacific, 1890; Western
Union, 1900.
The stock market took another turn in the
downwsrd direction to-day, being weak almost
from the opening TO the close. The mar et
continues in very unsatisfactory condition, ev-
grything seemingly depending upon what the
Legislation at Washington may develop, and As
70 the special disturbances, while the opinion in
Wall street Is that the North western railroad
war Is not likely TO last much longer, it was
Enade the means Of the heaviest decline today.
London had number of selling orders in the
market ut the opening this morning, especially
gaeadiug, st. Paul and Louisville d Nashville,
but the first named soon became the great feat
lure, as q report from Chicago that the Knights
and the Brotherhood had como to agree
Enent that the latters men now on tbs
Reading should be called out, and there
was q rush to sell tie stock, most Of the offer
lings being apparently for q big "bsar" pool but
the offerings were taken by insiders, and the
fact that gucL. large amounts were taken with
tout breaking the price had the effect Of inspir-
twas an attempt TO buy back some Of the stock
tput out. which checked the decline The pressure
ION Louisville b Nashville. however, met with
hittle resistance, and the stock continued 20 dc
feline throughout the day. In the final effort of
5the clears" to break the list, Missouri Pacific
and Richmond & West Point were made special
lobiects Of attack. the raid being accompanied by
ETumors Of serious trouble at Chicago, though
these was no confirmation Of the stories. These
"a. H.. Al
teffect produced was of little moment.
iThe fluctuations IN the general list were
NeOnfnsd to the narrowest limits,
khere was no interest whatever. The market
lOpened weak At declines from last evenings
closing prices of from TO per cent. and fur
tReadng and Louisville & Nashville, there was
10 feature at all Extreme dullness marked
abe dealings, the business done showing a con-
htinuous decrease until toward the last hour,
when there was more animation shown and the
Jecline was renewed with force and xtended to
Oome stocks which had been stagnart through
or near the lowest prices reached The active
list, without exception, IL lower tonight, and
louisville 81 Nashville lost IL, Oregon Navi-
cation and Richmond & West, Point preferred
Al each; Reading and Oregon Improvement, l
per cent. each, and the remainder fractional
amounts.
: Railroad bonds were dull The trading was
marked by little or no feature of Importance and
there was no activity In any part of tho list
The sales were 1886. 600. which was very evenly
distributed among the issues traded IN Prices
were irreeularly changed during the forenoon.
but the market became weak in sympathy with
shares toward the close. and declines tonight
are in a majority. The most important losses
are Chesapeake e. Ohio, series b. coupon off. D
81 81; Rock Island skies, 2. at 1914; Galveston,
Harrisburg & San Antonio seconds, q, at SO.
Louisville, New Orleans g. Texas frsts rose 3. To
65.77e
Government bonds were dull and steady.
State bonds were entirely neglected.. Closing
q