The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-06-14
CONDITION OF THE MARKETS
Wheat Presents a Variety of Phases,
Causing Nervousness Among Dealers.
Corn Shows Fair Degree OF Strength, Not
sithstsnding Heavy Receipts-0sts Qniet
Increased Activity in Provisions.


Z Decrease OF Activity ia New York. with
Lower: Prices for Majority of the List.
NEW YORK, june I3.-Money on call was
Easy ct Ia II per cens.. the last loan being made
u II per cent; closing offered at II per cent
Prime mercantile paper. 4e6i per cent
Sterling exchange was active and firm as
N663 for sixty-day bills and s4.Ss9 for de-
usnd
The total sales Of stocks to-day were 259, $50
Bharss, including the following Delaware,
Isekswanns g. Western, $500; Erie, Abs;
Lake Shore, 1920; Louisville 81 Nashville,
6.4l0; Missouri Pacific, 500; Northwestern, IL
s35; Northern Pacific preferred. 5. 100; Oregon
Trspseonsiuental 6.6lO; Reading. 90, 215; Rich
nond q West Point, 3.7lo; s. Paul. 1885,
Union Pacific. 17.05o Western Union, zoos
The stock market was less active to-day, but
yomewhst irregular and highly feverisb, with
special weakness in q few securities. The re-
suit Of the days trading 10 to leave most Of the
nst fraetionally lower than last rights prices.
There was considerable buying for London by
Ssalsrs, and the tone at the opening was quite
Jtroug but the professionals were inclined 20 re-
sist the advance. aud further lines OF shorts
ssrs put out all around the room. The DECLARE
0lylQouu
little effect In rallying the list but the covering
u 'Shorts' was the principal lever By which
prices we're lifted In the afternoon. The uost
severe pressure today Was on the trunk-line Sc
curities. and Lake Shore was sufferer; the at
tack upon the Erie seconds Was specially notice
abls. Among tie spscialtiss. Oregon NaviRs-
ton made Q marked drop. though portion OF
the loss was afterward recovered. Chicago
wAs q heavy seller OF the grangers, and this
did much to restrict the afternoons advance
A. - f.h afto fpod
The opening WAS somewhat irregular. though
generally strong and advances over last nights
1gures extended to per cent This advantage
was further increased In the early trading by
fractional amounts, ST. Paul and Reading lead
Ing the advance. The movements was OF but
short duration. however, and the entire list soon
Yielded 20 the pressure brought 10 bsss, and
Missouri Pacific dropped II per cent on the ex-
oected reduction In the dividend, followed by
St Paul, Louisville & Nashville. and the others.
The marksg then became dull, and little move
meut was seen in the list until after IL o'clock
when the Oregon stocks took a header, though
the rest OF the list sympathized only to the ex-
cent Of fractions. Good buying was noticed at
the lower figures, and the lisi, on fair business
wss brought to the neiehborhood OF first prices.
The great majority of the list is lower this
evening. though fractions measure the losses in
most Of them. bat Lake Shore and Oregon Nav
ieztion Lost II each and Oregon Transporta-
hon II.
Railroad bonds were quiet, and, except for
the Erie seconds. upon which the bears" made
special attack. there was no feature Of inter-
est The bonds mentioned figured for $4,000
cut Of tho total days business Of 81, 800 000 The
general lat Vas irregular in tone, but final
changes are. IN most cases, for higher prices.
Knoxville q Ohio frsts rose 2, TO 100 Kansas
Pacific SKIES of 1895, 2, 70 LIZ; Utah Southern
general sevsns 4, to 98 the extension ssvens,
3 - s5s and Wabash, Detroit division csrtif-
satss. T. to 100 Burling ton, Cedar Rapids e.
Northern hses lost 2. at 90.
6ovsrnmsnt bonds were dull aud steady.
State bonds we're entirely neglected Closing