The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-06-09
CONDITION OF THE MARKETS
Wheat FIuctuates in Narrow Range
and Exhibits 10 Special Feature.
Large Receipts Of Corn Cause Weakness of
Prices-Oats Quiet and Lswer-Provisions
Very Dull and Without Interest


A Day ofIntenss Dizziness In View York, with
Dull but Firm Closing.
NEW YORK, June 5.-Money on call was
easy at q II per cent. the lsst loan being made
1t II per cent closing offered At II per cent
Prime mercantile paper, lac per cent.
Sterling exchange was dull but steady ct
s4.s65 for six.y-dsy bills and s4.sS3 for demand.
The total sales Of stocks to-day were 1861
shares, including the following: Delaware,
Lsckawanna & Western. $500, Louisville 81
Nashville. 5000; Missouri Pacific, 1892 North
western, BIS; Northern Pacific, preferred. 81
$50; Reading. $4,000; st. Paul. 2l:735; Union
Pacific. 500; Western Union, 3, $50
The stock market again broke the record for
du!lness during the present depression in bust
ness. the total number Of shares sold being only
1851. The firm tone Of the past two days also
was lacking, and prices this evening are frsc-
tionslly lower for the majority of the list,
though the transactions of the day. with the
final results, are Of very little moment. The
uneasy feeling in the London market over the
rumor of passage by the Denver 81 Rio Grands
Of the dividend on its preferred stock made the
early figures from that center lower than our
. last evenings closing prices, and the
traders. thinking they saw an opportunity to
make . turn. jumped on the market In order
10 aid in the work Of depressing prices story
was circulated that the Missouri Pacific direct
next dividend; but the fact Ia that the meeting
Of directors will not be held until next week,
and there il, as yet. nothing to indicate that .
dividend Of at least per cent. will not be paid.
The rumor on Missouri Pacific had effect
whatever, but the story on Denver was sufficient
20 force its price off "a per cent. from its last
previous sale, only small fraction Of which WAS
recovered. The market presented other
feature whatever, except q marked Improvement
in Oregon Improvement shares, which roseeon .
small business 81 per cent. The bears" had the
action OF the Iowa Railroad Commissioners to
help them to-day. and frat prices were from
to per cent below last nights figures, and fur
ther fractional losses were sustained Ia the
early trading, Kansas & Texas losing : per
cent: butthe animation in the market was soon
over and for the remainder Of the day no TO
delivery hour the most intense staRnatiou
marked the transactions and the fluctuations
were confined, except IN the stocks above moo
tioned. to less than per cent. The losses made
induced some covering by the traders toward
the close, which dull but firm at small frac-
tiops below first prices, a. q rule, the largest
decline being per cent In Louisville & Nash
Vile
The railroad bond market was much the same
In character as the dealing in shares, though
tnese Was moro activity displayed. the sales
amounting to 81. IA. 900, to which Texas Pacific
new frsts contributed $226, 900. Fluctuations.
however, were on the same limited scale, and
the final changes for equally small fractions.
Government bonds were dull and steady.
State bonds were dull and featurelsss. Clos
INC limitations were: