The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-03-24
CONDITION OF THE MARKETS
A Decided Weakness in Wheat, Which
Continues Throughout the Session.
Corn Suffers Slight Decline, but a Reaction
Follows and Prices Adsanee-0afs In
changed-Provisi0Hs Trlfle lower.
MONEY. BONDS AND STOCKS.

4 Decrease of Activity IN New TOrk, with
Quiet and Steady Closing.
NEW YORK. March 23.-Money on call
was easy at 202I PER cent, closing offered
as2
Prime mercantile paper 507 per cent
Sterling exchange was duh but firm az
$4s52 for sixty-days. and S4879 for demand.
The total sales of stocks to-day were 244,
s24 shares. including the following: Della
ware. LacKawanna & Western, 22,320; Erie,
ac1O; Kansas & Texas, 3,340; Lake Shore, s.
S=E Louisville 6 Nashville, 5000; Missouri
Pacific, 1860; Northwestern. LAS; Reading,
81. $50: Richmond & West Point, 5 40; St.
Paul, IS. COO; Union Pacific. 1870; Western
Union, 1880.
active than that of yesterday, but 1T lacked the
vim and excitement that marked the dealings az
that time, but it WAS feverish and Irregular,
while the drift Of prices was downward througn-
out most of the time. Some strength was shown
early in the day the buying orders gwen OUT
by the ''bulp cliques with the higher LONDON
quotations and the favorable news from the
West in regard to the railr Dad troubles III tnas
region The traders, however, again renewed
their attacks upon the list, and the 1eeole sup
pert given IL was insufhc1en6 10 couneeracs LneiL
influence and prices settled down slowly put
steadily, the losses at one time ranging mp 70
per cent Missouri Pacific and Union Pacine
were the weakest stocks on the list, but the lat
ter displayed more recuperativ5 power than
Reading and it's net loss for the day is not SO
great New England was n feature Dy REASON VI
it's unusual strength, though it's final changes
were insignificant The operations OF the room
traders kept the market alternating rapidly all
day between strength and weakness. giving
very unsettled appearance TO the trading. Inc
frat sales of the day made at Irregular
changes from last nights prices, and the early
trading was marked by considerable weakness,
though the losses sustained were for fractions
only The lot then rallied smartly and the best
/ prices OF the day generally es-
4ablished at the end of the first hour. The
activity then underwent a marked decrease
and prices began to settle down. There was lit
ale interruption to the decline until the last
hour, when prices reacted slightly, and the close
was quiet and about steady az something better
than the lowest figures Most stocks are frac-
tionaliy lower this evening, but Missouri Paclnc
lost Ii ard Reading Ii.
Railroad bonds were quiet, except Tor the Kan
sas e Texas issues, which were the special feat
ure Of the day, being again remarkably weak
The skies furnished $195, 900 and the hves 3d.
900 cut of a total days business OF $9lI, OUO
The market was in close sympathy with the
share list and was heavy to weak throughout.
though Q few issues showed strength. Denver
e. Rio Grande tours fell 2. at 753i Kansas %
Texas sizes, 81, at COZ. the fves 4, a. 5O3, and
the sevens A. at OH; Utah Southern general
sevens. q, at 81, and Mobile IL Ohio frat deoen-
lures, 2, at 43. international hrsts rose 25 to
t1O24.
Government bonds were dull and steady.
State bonds were very dull and without feat
ure. Closing quotations were: