The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-02-01
CONDITION OF THE MARKETS
Wheat Travels YEARLY Through the
Session, Closing with q Slight Rally.
Corn Quiet and Steady. the Trading Being
Chiefly Between Local 0perators-Pro-
visions Moderately Active and Steady.


Very Dull Market at New York. Closing
Heavy and Generally Lower.
NEW YORK, Jan. 3I-Money on call was
easy at 81 03 per cent, the last loan being made
mt g. closing offered at 403
Prime mercantile paper, al per cent
Sterling exchange was dull but steady at g. "a
for sIxty.day bills and s4s5s for dsmand.
The total sales of stocks today were 1884,
$50 shares including the following Delaware,
Lackawanna g. Western, 14,300; Erie, 4,500;
Missouri Pacific, $780, Northwestern. $3.50;
Reading 20. 100; Richmond & West Point; 4, 1856;
St. Paul, l5,005; Union Pacific, 5000; Western
Union, I1,915
The stock market was again cry dull to-day,
though the interruption of business for over
half an hour to present the chairman with a
gilt, etc. had something to dowirh it, but prices
were heavy and are generally lower this even
Rcter. but the general impression was that the
Reading strike looked more threatening and
bhis fact overpowered all the good news. so the
traders worked all day for Decline with some
Success. The anthracite stocks attracted most
attention. though 81. Paul, Western Union and
Union Pacific were all prominent in the deal
pay il wesssrn THon Tsxs Pacific and
Reading: The large short" interest
ltill uncovered was augmented some
Considerable selling on the part of disappointed
''bulls' who have grown too tired of waiting for
the market. few specialties were very strong,
opening 502, rapidly rose to 52s, finally react
lng to 524 at the close, and Whitebreast fuel.
which opened at 902 and rose to and closed at
% on sales OF only 500 shares The market was
very quiet at the opening, which was made at
declines from last evenings figures of from to
per cent. There was NO change in the charac
ter of the dealings, and further fractional
losses sustained. the only exception
being Wheeling 81 Lake Erie. which
was unusually strong. After IL o'clock the
market came to standstill for the presentation,
but when business was resumed the decline still
continued and received no check toward the de-
livery hour. when a slight reaction took place.
The decline recovered before the close,
however, which was dull and heavy at or
the lowest prices OF the day. Everything is
lower except the two stocks aforementioned,
though losses confined to fractions only, the
most important being declines of per cent in
Kansas e. Texas, and Union Pacific
Railroad bonds were more quiet to-day and
the business showed a falling off from the aver
age of the past week amounting to 81, 312, 900,
with special activity at any point in the list.
Prices were firm in the main. but several issues
are lower. The most marked feature was the
skies, closing 81 higher, at 116; the first
debentures, 8, at So and the third debentures
g. at 81. Other marked advances comprise
Chesapeake 81 Ohio fves, 4, to 96 Ohio & Mis-
sissppi seconds, q. to 1174; Richmond g. Allie
Rheny receipts, 2, to 574, South Carolina firsts,
2 to I02; Virginia Midland sixes 2, to so, and
Wabash frsts, II. to 100.
Govern ment bonds were dull but firm.
State bonds were steady. Closing quotations
were: