The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-03-01
CONDITION OF THE MARKETS
a Slow Day in Chicago Pits, Grain and
Provisions Being Steady and Lifeless.
The Trading in Wheat Confined 10 Local 0p-
orators, the Fluctuations Being Small
Corn Firm-Proyisions Trifs Lower.
MONEY, BONDS AND STOCKS.

The SPEARS" Have Another InnIng, the Mar
ket Closing Quiet and Weak.
NEW YORK, Feb 29.-11oney on call was easy
Ut 203 per cent, the last loan being made at
Q closing at 2024.
Prime mercantile paper. Al a53 per esnt
Sterling exchange was dull but steady at q. 65a
for sixty-day bills and 1874 for demand.
The total sales of stocks to-day were 1862 161
shares. including the following Delaware. Lack
awanna e. Western, 10. $50; Lake Shore 3, 100;
Lonisville g Nashville 1880: Missouri Pacific
4.275; Northwestern, 4,075; Reading, 5,450;
Richmond s. West Point, II. 400; ST. Paul,
IL, los; Western Union. 1906.
The bears had another inning in the stock
market to-day, and, while selling, made a more
animated Market prices declined from to II
per cent There were selling orders from Lon
don in the market this morning. and the profess
Bionals aud traders quickly followed suit which
brought about a marked decline in some stocks
before the end OF the first hour. The pressure
was specially severe against Richmond 81 West
Point stocks, and Reading and ST. Paul. which.
later in the day, lined by Lackawanna,
Missouri Pacific and Louisville 81 Nashville, and
among the inactive stocks Burlington IL Quincy
and Norfolk 81 Western preferred. The news of
the day was OF rather encouraging tone. there
being an announcements that the House
nau taken up tI6 10 Hppiy Tic surplus
70 the purchase of bonds. and the
truuk-iine meeting was very fully attended,
with harmonious feeling prevailing; but
effect was had upon the market whatever. There
was a heavy pressure brought upon Reading,
but the stock very well supported
til the Inst attack in the afternoon, when it
yielded with the rest OF the list, and is materi-
ally lower this evening. The opening was
irregular, though the differences from last
evenings prices were for moro than per
cent either Some Improvement was made
IN the early trading, but the market soon
yielded to the pressure. though business was
etin dull except tor three or four leading stocks
The decline checked toward noon, and utter
sfagnation overspread the LIST, which remained
without feature of any kind until the last hour,
when the attack was resumed and further frAc-
tional losses were sustained, the market finally
closing quiet but weak at the lowest figures
reached. The net result of the days operations
rs to leave everything on the active list lower.
Erie preferred is down per cent, Hocking Coal
III, Res ding and Richmond 81 West Point pre-
ferred ] z each. Norfolk d Western preferred ].
Louisville e. Nashville and Chicago, Burlington
Il Quincy l per cent each, and the rest of the
list fractional amounts.
Railroad bonds were fairly active, the total
sales amounting to $l,l45,O00, though the feat
of the day ths renewal Of the attack on
Erie seconds. which again yielded and furnished
$4D0. 900 TO the days total. Tue remainder of
the issues traded 10 were quier, with no special
feature of Importance St Paul, Chicago 81
Pacific skies, lost 2. at 120; c.. e., @. e. /. con-
Government bonds were dull and heavy for
the fours
State bonds were neglected. Closing quota
AfnnR ware.