The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-06-13
CONDITION OF THE MARKETS
An Unsettled and Generally Easier Feel
ing in the Chicago Wheat Pit
earn Active, Both for Cash and Speculation,
Accompanied By . Stronger Pseling-0sts
Pirmsr-Provision q Trifs Weaker.



Very Active Msrkes IN New York, with Adj
vsnces sn Aimoss An Securities.
NEW YORK, June I2.-Money on call was
easy as 90 Per cent. the last loan being made
u per cent; closing offered At per cent
Prime mercantile paper, 406} per cent
Sterling exchange Was dull but steady at
e4s63 Tor sixty-dsy bills and eA.8S3 foe de-
mand
The total sales Of stocks to-day were 33S. 847
shares, ineludiog the following: Csnada South
srn. 100; Delaware, Lsekawanna q Western.
a7u6; Erie, II. 400 Lake Shore, II. 75e Louisville
d Nashville. $50; Manhattan consolidated. T.
63o; Missouri Pacific, l4655; Northwestern, 16..
ESQ; Northern Pacific. preferred. 400; Read
ing. 81, 100; Richmond s. West Point, 13. C6o; ST.
Paul. 5l.364s Union Pacific. 2o.olo; Western
Union, u, $50
The stock market was sgais very active 70
day, With fsverish and weak tone in the fore
neon, which Was succeeded by rally later in
The day. which broughs prices MP 70, In most
sssss. above last nights figures The Grsneers
,nd Gould stocks were once moro the esntsrs of
attention, and in both these were wide and vlo-
eos huetua tions, while outside of the two
rsups thsrs was very little interest in the mar
SEA- Tas market opened very sctivs aud de-
ddsdly weak, not to cay demoralizsd, London
Ind the traders selling, while the only support
,esunsd to come from the covering operations Of
few professionals. First prices were from
! 70 I per cent lower than last evenings
1Gures Ia the general list, while Manhattan
opened down over four points. with much excite
Usot A great feature. however. WAS the heavy
lsmand 10 the loan crowd. which Was said TO be
the largest for years, al the active stocks loan
1AS dss sad enc or two at premium. The de-
Bline 10 nanbattsn Was on the expected resuc-
ton IN the dividend, which was sfterward OFF,
eialy announced. and the stock led the decline
N the market. losing 81 per cent further before
he bottom was reached The general liat was
active and very fsverish. though. outside Of the
leading weak stocks. prices were fairly well
maiutainsd, bat beside Manhattan, Missouri Pa
ei6s, ST. Paul preferred and Manitoba
we're eousplcuously weak The losses In
he eoneral liss ware eon6ned to fractions, and
1ewsrd noon . material reaction occurred,
thssgh this Was followed by renewal Of the
THIS, however. was Of little moment. and after
p n good buying was noticed all along the
Hss, ssd one house IL said to have bought so.
600 shares. which served to turn the tide. and
before o'clock prices were. in most eases,
above those Of the opening. The best figures
were esnsrally reached about delivery hour,
when the market became very dull once more,
bhough 10 remained firm throughout, the close
being firm at or near the best prices Of the day.
The covering Of "shorts' was very heavy 10
the sftsrnoon, and many prominents "bears"
IRE said to have changed front and gone long
Of the market ct the low prices OF the forenoon
The amount Of business done was larger than
On any day for long time. The final changes
are somewhat irregular. but advances are ia q
majority. though for the most part for fractions
euly. Western Union and Rock Island, how
ever, ross per cent each, while Manhattan
lost II.
The railroad bond market was quiet to dab,
sad IL sympathized closely with the share list,
leaving prices irrezularly changed. The sales
were 81. 600. and 20 that amount Wabash,
CHICAGO division, transfer receipts contributed
oio4. 900, and Burlington. Nebraska tours. 500 900
St Paul. l. b d. ssvsns, lost 8, at 116; Chicago
B Indiana Coal fvss. 2. to 90; Milwaukee, Lake
Shore q Western Ashland SKIES 2, at LA; and
Green Bay incomes "a. at30
Government bonds were dull and steady.
State bonds we're neglected Closing quota.
lions we're: