The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-01-21
CONDITION OF THE MARKETS
A Dull Opening at Chicago at Practi-
calIy the Figures Given on Thursday.
Wheat Advances and Closes Slightly Higher
Heavy Buying Of Corn Advances the
Price-Proyisions Moderately Active.
MONEY. BONDS AND STOCKS.

The s'Besrs" Persistently AssaH the Gould
Stocks, the Market Closing Dull
NEW YORK, Jan. 20-Money on call was
easy at 3 "a 81 per cent, the last loan being made
at 3, closing offered at 3.
Prime msrcantils paper, 81 all per cent
Sterling exchange was dull but firm at
s4.s43 for sixty. day bills and "a 864 for demand
The total sales Of stocks to-day were 20l,673
shares, including the following: Delaware,
LAckawanna Sc Western. IL, 400; Erie, 4,650;
Louisville g. Nashville, 5000; Missouri Pacific,
g622; Northwestern, 6,055; Oregon g. Trans
continental 1886; Reading, Al 1886; Richmond g.
West Point, $685.; St Paul, 80, $780, Union Pa
ci6c, II, 1875; Western Union. 10, 800.
The stock market was again subject to per-
sistent attacks from the bears" and traders,
the Gould stocks being the special point Of inter
est. and many timtd holders were induced to
throw over their stocks by the lack of support
shown by those securities, Missouri Pacific and
Manhattan especially yielding easily to tas
pressure. The general list, however, was com.
parstively irraly held and exhibited considera-
BILE strength, considering the dsmoralization In
the Gould properties, which seemed to nave
broken loose from the remainder. There was
no evidence Of any pressure Of ''long" stocks,
the selling being almost entirely by the "bears,
while there was quiet absorption of many Sc
.urities, commission people reporting continu-
Ance of investment, buying of both stocks and
bonds. The general list in but few cases
showed declines for more than small frac-
tions and whenever the pressure was removed
for n short time strong tendency was mani
Tested, which gave the market an unsettled and
feverish character in the afternoon. and
Reading which was also heavily sold by the
''bears," presented q remarkably strong front.
considering the late developments in the stock.
There some buying for outside interests,
and the amount of floating stock on the street
Is believed to be very small. ST. Paul was one
of the firm stocks, the result of yesterdays
meeting AZ Chicago checking the disposition to
attack the Changers The Inactive shares were
very quiet, and pi esented no feature whatever,
and the coal stocks. outside OF Reading. were
quies. though among the strongest on
the list. The market opened quiet
inPs closing figures. but pressure was
quickly brought upon the list and everything
except Lackawanna yielded slowly, though
were decidedly weak. Under the selling the
market soon became active. and the business OF
the forenoon was in excess OF the Same hours
Tor any day this week. The attack was renewed
before noon, aud NJ annattan and Northern Pa
rific preferred joined the weak stocks but after
that time the market narrowed down and ex-
hibited hrmer tone in spots. making fever
ish and unsettled tone. while among the active
stocks material reactions were made Another
attack was made on Manhattan in the last hour
and IT was quickly driven down four points below
last nights price. though il recovered somewhat
from its lowest figure. The general list felt its
Influence, however, and the close was dull and
rather heavy at irregular changes from first
prices. In point of numbers the advances and
declines about equal this evening but the
advances are for small fractions in every case.
while Manhattan lost 2 per cent; Missouri Pa
eifc II; Wheeling g. Lake Erie, II, and Pacific
Mail, Z
Railroad bonds were comparatively quiet but
the tone was much stronger. yet irregular. The
sales aggregated $l,156, 900. Chesapeake &
Ohio, series B, coupon off, rose 2. TO 60, and
south Carolina seconds, 81, to 72s Mnckinac 81
Marquette land grants lost q, as 800; Wabash
general receipts 81, at AZ. and the convertibles,
Al. at So
Government bonds and State bonds were dull
aud steady. Closing quotations were: