The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-01-26
CONDITION OF THE MARKETS
The Drag in Wheat Prices Checked for a
Time, but Reaction Speedily Follows.
No Special Features in Corn, the Trading Be-
ing Almost Entirely Local-0ats Unusually
DuIl-ProvisiOns Quiet and Steady.
MONEY. BONDS AND STOCKS.

"A Dull and Featureless Day i'm New York,
with q Firm and Steady Closing
NEW YORK, Jan. 25.--Money call was
easy at "a 81 per cent, the last loan being made
mt per cent; closing offered at per cent
Prime mercantile paper, 81 07i per cent
Sterling exchange was dull but steady at
a. s44 for sixty day bills and $4.s6s for demand.
The total sales of stocks to-day were liz, 1872
shares including the following Delaware,
Lackawanna & Western. $500; Delaware g.
Hudson, 1920; Louisville & Nashville, $500;
Missouri Pacific, 5.435; Reading, q, $40; Rich
nond s. West Point, 1890; st. Paul. 26. sos;
Union Pacific, $3.50.
The stock market to-day was the duilest for
many days, and was almost completely barren
Of feature, though firm to strong tone marked
the limited dealings. The trading was Of the
same professional character, but the traders
were wary Of putting out further short lines,
and in some directions covering was attempted.
All the interest of the day centered in St Paul,
Richmond g. West Point and Reading, and some
effort was made to hammer the first two stocks
ance. The decreased earnings OF st
Paul for the second week in january
had effect upon the stock having been
discounted and the Ssh rt" interest was very
apparent both in the support of the price and
the borrowing demand, though a leading bear
house reported to have sold large block OF
rowed stock. The Gould properties were among
the frmest on the list, though Manhattan
opened off over l per cent, which. however. was
quickly recovered The weak spots were Ore
gon Improvement and Manitoba, which are
materially lower this evening very small
transactions. The market opened firm. but was
unusually dull and featureess, though a slow
appreciation of values took place. WIFI Oh, with
but slight interruption, lasted till noon. After
that time however, the list became positively
stagnant, both as to business and movement,
but toward o'clock more animation was de-
veloped and the best prices of the day were
reached, after which there was no further
feature, and the close was very dull but
steady at the highest prices of the day. Most
everything is higher tonight. though advances
are confned to fractional amounts only, the
most important being gains of per cent. each
in Delaware g. Hudson. Missouri Pacific and
Union Pacific. while Oregon Improvement Is
down I and Manitoba II.
Railroad bonds were quiet and irregular dur
ing the forenoon, but rallied and became more
actiye late in the day. The speculative issues
came more to the front than usual OF late, and
of total days business Of 81, 700, 900, Nickel
plats fours contributed 1924, 900; West Shore
tours, $187, 900, and Chicago, Burlington q
Quincy Nebraska fours, $4,000 A majority
OF the list are fractonally higher this evening.
North western registered sinking fund lives rose
2. to 100; Laekawanna sevens of 1907 p, to 1893;
San Francisco. Class b, 2 to lis; Glass q. to
1l7t, and South Carolina seconds. 81, to rs Iron
Mountain seconds lost 2. at Ito, and Wabash
general receipts 2. at 40.
Government bonds were dull and heavy.
State bonds were very dull.
Tha eli