The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-01-18
CONDITION OF THE MARKETS
A Very Weak Opening, Followed by a
Slight Declinein the Prices of Wheat
Unusually Light Trading in Corn at Lower
Figures than Those Current on Monday
Provision offerings Exceed Demand.
MONEY. BONDS AND STOCKS.

Holders Grow Weary Of Dizziness and Make
an Effort to Break the Monotony.
NEW YORK, Jan. 1Z-Money on call was
sasy at 81 IA per cent, the last loan being made
Mt 81. closing offered at 81
Prime mercantile paper, 81 S7s per cent.
Sterling exchange was dull but steady at
g. 81 for sixty .day bills and $4.56i for demand.
The total sales Of stocks to-day were 110,217
shares, including the following: Delaware,
LackawaDna g. Western. $500; Missouri Pacific.
1851; Lake Shore, $500; Northwestern, 4,095;
Oregon & Transconsinental, 3,7l0; Reading. 49,
1850; Richmoud & West Point, 1885, ST Paul,
PATIO; Union Pacific. 1850; Western Union.
$3.50
The dullness in the stock market became IN
bearable TO some few tired holders to-day, and
there was q selling movement which was taken
advantage of by the room traders to hammer
stocks Their efforts conferred on Missouri Pa
cifc. which, having no one to support it at the
time, yielded readily, but the effect upon the
general list very slight indeed. There was.
sitter the first few minutes OF trading, an utter
dearth Of outside orders of any description: but
the prevailing bearish sentiment among the
traders was felt in the course of prices. There
was an effort influence Western Union by the
story that the stock held by the Baltimore 81
Ohio was likely to come upon the mar
ket. but no marked movement was noticed
The active list rallied later in the day on very
light purchases and Union Pacific, which had
been sold on the story that Vice president Pot
ter would resign, recovered its loss, with some
thing in addition. Reading was very quiet all
day. Among the lower-priced shares, Oregon
improvement shot quickly on the announce
ulent that the preferred stock had been offered
TO the stockholders without limit and the i'm
preston was that dividends would be paid i'm
nediately. The opening was dull and heavy,
and further fractional losses were sustained in
the early trading, but the general list rallied
slightly before the end of the first hour and
NAMED steady and featureless Missouri Pacific
was then hammered down, while Oregon I'm
provement advanced, though most ofits gain was
afterward lost. All character disappeared from
the list after noon, until the rally in Union Pa
ci6c. which infused little life into the list
toward o'clock, but the diversion was soon
over, and the market closed very dali and fairly
steady at slight fractions under first prices. Al
most everything is lower, and Missouri Pacific
is down per cent, but the losses in the rest of
the list are confined to fractions only, while
Oregon Improvement is up per cent.
The railroad bond market continues strong,
with good demand principally for Investment
Large sales Of such bonds have lately been
made by the different syndicates and the pass
age Of a favorable financial bill by Congress is
expected 10 have an immediate effect in Wall
street. Sales, 81, 523, 900. Southwestern bonds
rose g. to 1885, Houston g. Texas general certif-
Gates, 2, to 81, and Knoxville 81 Ohio frsts. 2.
70 o.
Government bonds were dull and steady.
State bonds were dull and steady. Closing
quotations were: