The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-05-23
CONDITION OF THE & K
Wheat Moves Up and Down the Scale,
and Slight Advance Is Established.
Increased Trading in Corn. Accompanied by
higher Prices-0ats Easier and Lower
Provisions Steadier on a Light Demand.


a Dull and Generally Weak Market, with .
Fairly Steady Closing.
NEW YORK, May 22-Money on call was
easy ss l}d2 per cent, the last loan being made
at IL; closing offered at II.
Prime mercantile paper. 4iS6i per cent
Starring exchange was strong and active at
a. SCI for sixty day bills. and g. so for demand
TIE total sales Of ste ks to-day we're
135, 673 shares. including the following: Lake
Shore. T.6C0; Louisville & Nashville. 4.475;
Northwestern. 4. lbs; Reading, Is. 800; St Paul,
Sc, I75; Union Pacific. 1920.
The stock market was again very dull and
generally weak to-day. though the interest was
monopoIized by only two stocks, and but one Of
these was really active The opening was
weak. with declines from last evenings figures
vile. which was heavily sold by the
foreigners, and it was the weakest
stock on the list throughout the day, its
decline. at It's lowest point. being nearly 2 per
/. cent. from its last nights price. St Paul, how
ever, occupied the greatest amount of attention.
The traders were still hammering it. and the
rates for IL in the loan crowd were again mp to
lisa per day. though deliveries were more
prompt and none were bought IN for pou-deliv-
cry. It's price was forced OF about q point on
very heavy transactions. but late in the day
covering had made some progress. and the
sibears leader was known TO have given ont buy
ing orders In the STOCK. Missouri Pacific was
cutie weak at times. aud especially in the first
hour, bnt after that time all animation ceased
N the stosk and its movements after that time
were entirely insignificant Union Pacific was
the second most active stock. bur the huctua-
siions in IL were confined to a range OF ! per cent.
The pressure in So. Paul was removed after IL
O'Clock. the business done In it dwindled down
to ordinary proportions, and up to noon there
xas absolutely no feature whatever IN the
market. After that time, however. the deal
ings were enlivened by . slight spur,
Of activity, accompanied by renewed weak
ness IN several stocks. but the temper
of tbs speculation then underwent . change for
The better, and small fractions were r~sgained
over the entire hstl The dizziness remained nm
relieved. however. and the close was very dull
and steady. The rise in exchange to-day and
yesterday made exports IN gold profitable, and
during the two days 81, 1900 900 was engaged for
shipment The movement. however, while II
may have had some influence on prices. was re-
garded with apathy by the street The entire
active list Is lower this evening. and Louisville
& Nashville lost IL; St Paul preferred /.
Railroad bonds were again fairly active, the
sales amounting to 81, 432, 600, OF which $102. 600
were in Jersey Central fves. The movement s
Nsrs confined within narrow limits. and the final
changes are generally for small fractions only.
Government bonds were dull but firm.
State bonds were dull and steady. Closing
ouotatious were: