The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-02-24
CONDITION OF THE MARKETS
Mild Weather Causes Feeling of De-
preston and Lower Prices,
Which Affect Grain and Provisions About
EquaIly-Weakness Continues Through
the Day-Closing Prices the Lowest.
MONEY, BONDS AND STOCKS.

Another DOLL Day in New York, but Almost
All Active Stoke Bring Better Prices.
NEW YORK, Feb. % -Money on call was easy
st2024 per cent, the last loan being made at Z,
closing offered at 1.
Prime mercantile paper, At a 81 per cent
Sterling exchange was dull but firm at 81 IS
Tor 60 day bills and ~ s62 for demand
The total sales Of stocks to-day were ia, 158
Bbares including the following: Northwestern,
3.s7s; New Jersey Central. 3,425; Reading.
l3,645; Richmond a. West Point 1920; st.
Paul, 1000 Union Pacific, $500; Western
Union. S.G54.
but presented strong front, though out
side of few specialties the fuctua-
tons were entirely insignificant, being
generally within range OF less than per cent.
The great feature of the day was the strength
and activity in Southern stocks, the buying OF
Richmond & West Point by the insiders being
very marked. Two influential firms, however,
were bearing" the stock. but the prices steadI-
ly advanced, the offerings being very light
Marked advances were made in Memphis 90
Charleston and East Tennessee first and sec
ond preferred stocks, which were somewhat OF a
puzzle TO the street. several explanations which
do not explain being given to account Tor It.
Outside OF these stocks, Manhattan and Phila-
delphia Gas made material gains but the rest of
the list, with the exception of Western Union
and St Paul. ere utterly devoid of feature OF
any sort The general feeling was con-
servativey bulisa, and the only sslers
during the morning hours were
the professional bears but neither the for
eigners commission people were doing any
thing, and after the first advance the traders re-
ahzeG freely and the advance was neutraized.
First prices were generally from to per cent,
above the closing figures of Tuesday, and this
advantage further increased in the early
trading but the market became extremely dull
md afternoon settled down TO utter stagnation;
prices ssgeed off until the closing hour. when
some strength was shown in St. Paul and Nor
folk e. Western preferred, which the rest of
.he list RESPONDED. and the market closed firm.
though dull, at slight fractions better than first
prices. Almost everything on the active list ID
b CHER. ard Memphis 81 Charleston rose per
cent; East Tennessee fret preferred, q; the
second preferred. IL; Manhattan, per cent. and
others fractional amounts.
Railroad bonds were firm and higher, but
there was = small business, amounting to only
b948 900. The dealings remained without epe-
cial feature, but several marked advances were
established, and Burlington. Cedar Rapids e
Northern fves gained l. to 100 Chesapeake %
Ohio purchase money. Al. to 100; Series b,
coupon off. L., to GU; Evansville and Terre
HATTIE consols. IL. to l16a. A few bonds are
lower and Minneapolis e. st. Louis irsts lost 8.
at 102, and Kansas Pacific skies of 1885, IL, at
1099.
Govern ment bonds dull and steady.
State bonds very dull and featureless.
! Closing quotations