The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-06-16
MONEY, BONDS AND STOCKS.

A Dull Market In New York, Accompanied by
Very Irregular Prices.
NEW YORK, June l5.-Money on call was
easy al II per cent. the last loan being made
at II per cent closing at all per cent
Prime mercantile paper 4664 per cent
Sterling exchange was active and unsettled.
with actual business at s4S7 for sixty-dsy bills
and s43Sa for demand.
The total sales Of stocks today were l6S. 432
shares. including the following: Delaware.
LackawaDna & Western. 9,700 Lake Shore.
1885, Northwestern, o.41I: Northern Pacific
preferred, $500; Reading. 340l0; St Paul. A.,
300. Union Pacific, Q. ZOO: Western Union. 6.l32
The stock market was dull to-day and its move
msnss were somswhss irrsgul ar, though result
ing in substantial gain for most of the active
stocks The temper Of the room this morning
was not buIIish, bat there was better feeling
than has been noticed for some time. while Lon
don became buyer in the early trading, which
sent prices up and adisposition TO cover shorts
was manifested. London bought st. Panl,
the London market for Americans was reported
strong and higher. Shortly after tho opening.
however, the traders made an attack upon
the eraugers. and St Paul in particular,
and the rumor was circulated that the
Iowa commissioners had ordered q reduced
schedule Of rates into effect This turned the
course OF the market, though the general list
was not 80 weak, the decline being principally
IN the gzan9ers. London turned q seller Or the
declibe, bat the heaviest loss, IN St Paul, was
only II per cent Later the news came that the
new schedule Was about 20 per cent higher than
the one proposed st frst. aed . better feeling
was developed &C oncs. which IN the lass hour
made prices very strong, and was sufie;ent to
wips ous ali the early losses and make small
gains throughout the list New England was
the feature OF the sariy strength, and scored
advance OF over L per cent during the
forenoon, sad though no explanation was
forshcoming Of the unusual buoysncy
in the stock, pointer Co buy 1t was freely srcu-
lated The general list presented little feature
and the market throuahout most Of tho day Was
intensely dull aud embarrassing The opening
was made at advances extending to per cent !,
and after slight hesitation prices began to rise,
though New England was the only stock show
ing any decided strength. The decline followed
before ii o'clock. with the ST. Paul stocks the
only ones making any marked progress The
market thsn became very dull, and almost no
movement was to be sesn in the hst until the
last hour, when the entire list moved up quickly
and New ENGLAND again came to the front The
close quist, but strong at the best prices
reached in most Of the list The final changes,
with bat few exceptions, ars IN the direction OF
higher figures. and View Eogisnd rose II. and
Norfolk & Western preferred sod Oregon Nsvi-
cation u per cent each
The railroad bond market was very dun to-
day the sales Of all Issues amounting 70 only
1904. 00e AID Of that amount Erie sseords far
nished sos. 600. There was very little chsrac-
Ter to tbs dealings. but the tone was heavy
throughout, and no feature Of interest was de-
veloped beyond further rise in the Richmond
& Allegheny receipts vhi.h was on . rumored
Arrangement with the Chesapeake Il Ohio.
Final psicss generally show declines Evans
vile & Indianapolis frsts Loot 4, to los; Lake
Erie Il Western, q, to 50, and Green Bay in
comes, q. to 33s
Government bonds dull. but firm.
State bonds were entirely neglected Csosinc