The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-01-04
CONDITION OF THE MARKETS
Lower Wheat Prices in Chicago, Caused
by a Decline in Europe and the East.
Corn Opens at Lower Figures, but Advances
in Sympathy with Pork and Lard, Both
Those Articles Selling at Better Prices.
moNEY. BONDS AND STOCKS.

A NM and stagnaut Market the Coalers and
Changers Showing the Only Activity
NEW YORK, Jan. 3-Money on call was
easy at 4 to per cent, the last loan being
made at q; closing offered at d
Prime mercantile paper, Gait per cent.
Sterling exchange was dull but steady at
e. 82z for sixty-days bills. and 81 800 for de-
mand.
The total sales of stocks to-day were 136, 918
shares, including the following Delaware,
Lackawanna g. Western, 13, 800; Reading, 81
400; Richmond & West Point. 5,025; st. Paul,
2I.9i5 Union Pacific, 10, $50; Western Union.
zcU3.
The news of renewed Of the Reading strike
this morning occasioned desire TO await further
developments among operators, and the stock
market was extremely dull throughout and in
4he main week. especially among the coalers,
grangers, and Union Pacific. The trading had
little significance, and was almost entirely con-
fined to the professional element. Had it not
been for the Reading excitement, the transac-
tions for the day would have been among the
smallest on record. At the same time the
Chicago party was bearish and sold the grangers
down on the same old reports Of rate cutting be-
tween Chicago and Missouri river points the drive
being especially severe against St Paul
and Omaha. Reading, usual, furnished the
largest proportion of the transactions In the
early Dealings Dub Cnougu Luo CTo"u AZ WIG
stock was very large the majority OF the brokers'
were mere lookers-on Late in the day, when
the reports that the road was working In good
shape and that some of the miners had resumed
work were made known, there was much bet
ter feeling in the coalers and material recov-
cries were made. The traders. with the aid OF
a little London selling, made drive against
Union Pacific. but its net loss was only frae-
tional. The market opened heavy to weak with
Reading off per cent, though the losses In the
rest of the list were for Insignificant fractions
only The trading lacked character. except
in Reading. the graugers aud Union
Pacific which fairly active
staenant with dropping tendency Prices in
the active list slowly sagged off until after noon,
when the coal stocks showed better tone, and
the general list became steady at the decline
Slight reactions occurred, and the market,
which remained utterly devoid of feature finally
closed dull and steady at little better than the
lowest prices of the day. A few stock are
higher this evening" though the gains are for
insignificant fractions only, except in the
Wheeling 6, Lake Erie, which rose IL per cent
But on the other hand, St Paul lost Il, Omaha,
j; Lackawana e. Northwestern. ], and the
remainder smaller fractions.
Railroad bonds were dull and without special
feature but prices ruled firm and most issues
show fractional advances, with sales OF $7S5, OOO
Among the few important changes made, st.
Paul g. Minneapolis frsts rose 2, to l23, while
Milwaukee and Northern SKIES of 1910 lost l, at
1054
Government bonds were dull and heavy.
State bonds were steady. Closing quotations