The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-03-09
CONDITION OF THE MARKETS
Wheat Shows Considerable Nervous
ness, but Fluctuations Are Narrow.
= Slight Decline ResuIts-0ats Active
Provisions Strong and Higher.
MONEY, BONDS AID STOCKS.

Dull and Generally Weak Market in New
York. with Irregular Changes.
NEW YORK, March s.-Money call was
Easy at q a. per cent, the last loan being made
IT 3. closing offered at B.
Prime mercantile paper. 5053 per cent
Sterling exchange was dull but steady at
81 s54 for sixty-day bills, and $4873 for demand.
:. The total sales of stocks to-day were 246,362
shares. including the following: Delaware, Lack
S awanna 6 Western, 1920; Erie 12.Os5; Lake
Shore. 4065 Louisville 6 Nashville, 12.l4o;
Missouri Pacific. 800; Northwestern. II $40;
New Jersey Central. 4,6Il; Oregon & Trans
CONTINENTAL 300; Reading, 1910; Richmond
Il West Point, 1906; ST. Paul. 1925; Union
Pacific, IL, 085; Western Union, IL, 6O3.
The stock market TO-DAY. with the exception
of the first hour, when over one. third of the
tire days transactions were made, very
Z dull. and. while generally weak, moved mp aud
down iu a ftful way within very narrow limits
The trading with the exception above noted
was almost entirely of a retail order, mostly
ecalping, traders market, pure and simple
The strikes continued TO absorb the attention OF
operators and the reported death OF the EN-
peror William fell fiat as far any effect upon
the stock market concerned. There
some expectation that the opening this morning
would be weak, and that selling orders from the
obher- Side WOuld % the RUE. out LONDON was
buyer for some time, and an advance marked
the early dealings The shorts" were in
clined to cover, but fresh disturbances
in the West induced further ''short" selling,
aad prices again reacted, though the general in
disposition to trade kept the business down to a
small figure. There were large crowds in the
coal stocks and the grauRers, and the former
were the special features of the day; the borrow
ing demand Tor Reading was very heavy, and
Ihe ''short interest is stated at 100 600 shares,
though the most of it is probably for the az
count of foreign sales made lately in this
ket The first sales were made at irregular
slight decline from hrst prices, the market re-
covered its tone and moved M, the early losses
being quickly wiped ont. Dizziness then became
the leading feature, and, under the adverse adj
vices from the West, prices slowly moved off on
very lighs transactions. but then became stag
nant again, and the rest of the day entirely
devoid Of feature, the market finally closing
dull aRd steady. generally at small fractions
below the first prices. The fact
that the Chicago, Burlington e. Quincy
gave irmer to the business to-day and
the feeling is growing stronger In favor of or
RanizinR against combinations which interfere
with the business OF the country. Closing
prices show irregular changes from last
I ing's figures but declines in majority.
though they are for fractional amounts, except
10 Richmond q West Point, which lost II per
cent
Railroad honda were again very dull and I'M
usually devoid OF feature, though the tone Of
the dealings was heavy throughout, ard almost
everything traded in is lower tonight. The
sales were only S736 900. The most important
losses comprise Denver & Rio Grande tours. q;
Mexican Central fours. o. at 60 and Mobile 81
Ohio first debentures q. at 48A.
Government bonds were dull and heavy
State bonds were very dull but steady. Clos