The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-01-12
CONDITION OF THE MARKETS
Wheat Exhibits Firmness at the Open
ing, but Slight Decline Follows.
Prevailing on Tuesday-Heavy Trading in
0ats-Moderate Business in Provisions.


The New York Market Contin ues Fairly Act
i've, but IA Lower Range Prevails.
NEW YORK, jan IL-Money on call was
easy at 81 q II per cent the last loan being made
Mt 81. closing offered at g.
Prime mercantile paper, 81 all per cent =.
Sterling exchange was quiet but steady at
$4.S44 for sixty -day bills and 81 S64 for demand
The total sales of stocks to-day were 225. $50
shares. including the following: Delaware,
Lackawanna 81 Western. 20,400i Erie, 4,275;
Lake Shore, 3,022; Louisville G. Nashville. T.,
6lO; Northwestern, 6,3s5; Oregon Trarsconti-
mental 5000; Reading, 400; Richmond s. West
Point, 1850; St. Paul. $3.50; Union Pacific, 81
s41 Western Union. 800.
The stock market. while showing decrease
10 the amount of business done. met with
moderate set back to-day, the lull in the bullish
feeling prevalent for the past few days inducing
the bears to make demonstration against
the list The transactions in all except the three
leading stocks-St. Paul, Reading and Lacka-
wanna-were of little significance the business
being extremely small and the changes in Quota
tons for slight fractions only. There was free
selling the disappoin ting show Of earnings
the Chicago bears put ting out fresh lines of
shorts" Reading was next IN Importance. and
later in the day assumed first place A rumor
that the strike had positively been settled made
the stock comparatively strong IN the early
4 increased pressure was brought against it, and it
yielded with the rest of the list. There was more
selling OF the other coalers to-day. aud Lackawan-
na became specally prominent though it's final
loss was but fractional. Western Union WIS., quite
active, out it's movements were not important,
and other active stocks showed any feature
whatever. Among the specialties, however, Fort
Worth 81 Denver became very weak and scored
the heaviest decline of the day. The opening
was quiet and steady, and prices displayed
hardening tendency. which, however, disappeared
after the first hour, when Louisville & Nashville
showed most strength. Prices began to droop
before noon, but there was little progress made
IN the downward direction until toward delivery
hour when the market became more active and
decidedly weak. The last hour was marked by
no feature, and the close was dull and heavy at
the lowest prices reached. Almost
everything is lower, and Fort Worth e. Denver
lost II; St. Paul. II; Jersey Central, per cent;
Omaha. Lackawann a and Wheeling 81 Lake Erie,
4 each, and the others smaller fractions.
the railroad bond market felt the change in
the feeling on the street. and was not only less
active, but became heavy well, though it was
slower to decline than the share list There
u good demand in the forenoon, but halt was
made during the afternoon, and business slack
ened off appreciably. The result of the trading
is to leave prices irregularly changed from last
evenings figures, though advances are in ma
jority. Northern Pacific terminals rose 2. to
102; Omaha consols lost 4, at 115, and Cedar
Fails frsts, D. at so.
Government bonds were dull but firm.
State bonds were dull and steady Closing
ouotaticus were: