The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-07-31
CONDITION OF THE B K
Tremendous Clamor in the Wheat Pit,
Caused by a Big Advance in Prices.
Corn Opens at Higher Figures. but Speedily
Declines-Oats Fairly Active and Easy
A Bullish Tendency in Provisions.
MONEY, BONDS AND STOCKS.

A DuIi and Listless Market in New York, with
Fractional Gains IN Active Stocks.
NEW YORK, July 30-Money on call WAS easy
at II per cent.
Prime mercantile paper. l06i per cent
Sterling exchange was quiet and weak with
actual business at s4s5s for sixty-day bills, and
sI.s7i for demand.
The total sales Of stocks to-day were 17i,659
shares, including the following: Delaware,
Lackawanna & Western, l3. 775; Lake Shore,
400: Louisville G. Nashville, 4.16l; Missouri
Pacifc. 4.677; Northwestern, s.545; Northern
Pacific, 4,s65; Reading. 1860; st Paul. 1890
Union Pacific. 1850; Western Union. a.345.
The stock market opened the new week with
very dull and ~listlsss market. in which small
losses in the forenoon were succeeded later by q
full recovery, though the fluctuations and bus
mess done wers extremely small London WAS
again a large purchaser Of securities in this
market, and for the greater portion OF the day
furnished the only support TO the list While
the room was moderately publish the traders
were working for q decline, as usual. and in the
early trading succeeded in forcing a small rese-
ton. The buying was steady throughout. how
ever, and all offerings were absorbed and
the market later gradually gathered
strength. and when the traders began
W 0ONoA IL 49, AeoN
buoyancy was seen. The transactions a. q rule
were very tame and uninteresting. and 1t was
not until the last hour that there was any move
ment OF importance in the entire list The final
settlement of the cable war was known, though
not officially published before the close, and may
have had some influence upon the course or
prices. In the forenoon q number of stop orders
TO sell were executed, but they had no special
effect upon the market, which displayed Q firm
uudertoue. even during the weakest portion.
The graugers received the greater attention or
the traders, with St. Paul leading, followed by
the eoalers aud Union Pacific. while the trans
actions in the rest of the list were small and
unimportant throughout the dav. London took
st. Paul freely, while there was no special
pressure in any portion of the list. and when
the traders ceased to sell the natural tone OF
the market asserted itself. The opening was
rather heavy. and weakness was Immediately
developed. and fractional losses were made in
the first hour, with 81. Paul showing the heavi-
est decline. The market. during the prevalence
Of the decline displayed considerable animation,
but after the decline was checked the list be-
came quiet to dull, and all motion seemed TO
have disappeared from the list. A firm tone
marked the dealings. however. and the losses OF
the forenoon were slowly re9ained, and after
delivery hour the traders turned over 20 the
''bull" side. and prices advanced rapidly on q
largely increased business. The close was quiet,
but firm to strong. at about the best prices
reached. The active list is almost invariably
higher, and most of the gains were for fractions.
The railroad bond market was dull and almost
entirely fsatureless to-day. the total sales being
only S9SS, 900. There was no special ac-
tivity anywhere in the list, and while the tone of
the dealings during the forenoon was rather
heavy, there was an improvement later and
some OF the losses were regaiped, while others
show marked advances. The latter, however.
are few in number. Final change are irregular,
and among those which are higher, North Hi
nois frsts advanced 2, to 1904; and Lake Shore
seconds. REGISTERED, 2. to 1244.
Government bonds were Gull aud steady.
State bonds were entirely neglected. Closing