The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-02-03
CONDITION OF THE MARKETS
Everything Shows Increased Strength,
Based onan Advance in Provisions.
Light Trading in Pork and Ribs, and EnOr-
nous Transactions in Lard-Wheat Steady
Corn Strong in Sympathy with Lard.
MONEY, BONDS AND STOCKS.

An Increasing Activity in New York ut the
Expense OF Values.
NEW YORK. Feb. Mooney on call 2G3
per cent, closing offered at 2
Prime mercantile paper, sat per cent
Sterling exchange was dull but steady at
1881 for sixty dsy bills and "a. 654 for demand.
The total sales Of stock to-day were 1850
shares, including the following: Delaware
Lackawanna g. Western, 9.7S0; Delaware &c
Hudson, 2.34O; Erie. 1900; Lake Shore, 1.2s5;
Louisville g. Nashville, 200; Missouri Pacific.
5.5S5; Northwestern. $500; Reading, 1925;
Texas Pacific, 5,720; ST. Paul "a. 991; Union Pa
cific, 1922; Western Union, 4,130
The stock market showed more animation to-
day. though the increased business was done at
the expense Of values. q recently formed ''bear"
pool beginning operations with heavy attack
on the lat The general list, however. displayed
the usual listlessness and apathy, the only
stocks showing any life during the forenoon be-
ing Reading, Lackawanna and St Paul, the
'rumors Of a break In the strikers ranks giving
some frmness to the coal stocks, and Delaware
81 Hudson in particular. The only positively
weak spot was Manhattan, which dropped two
points and thore remained The reports Of
trouble among the Western roads were very
numerous. and late in the day were emphasized
by u vigorous attack upon the gransers and
Lake Shore. which depressed their quotations
about II per cent. and the move
ment extended to the trunk line
/ shares, though the impression upon
them with the exception above mentioned, was
sinconsiderabIe. The pool is said to consist of
several of the most influential traders. On the
appearance of supporting orders toward the
close the attack Withdrawn. Among the
lower priced shares, Norfolk e. Western pre-
ferred was very weak, and the Gould stocks de
elined somewhat in the early morning, but the
rest were dull and featureless throughout the
day. The market was duller than yesterday at
the opening, though prices were firm, and frac-
tional advances were established in the early
dealings, but the Improvement was soon
checked. and the market becoming very Gull,
prices sagged off slowly and the list was carried
below first prices before After
that time there ANNA
ton aud increased weakness, though
there was very little progress made in the
downward direction until near p. NJ, when the
attack became more severe The decline was
port the list recovered small fractions from the
lowest figures, finally closing dull and steady at
close To the lowest prices of the day. The
entire active list is lower this evening. though,
with the exception of Manhattan, which lost q
points. The changes are for fractiona al amounts
only, Northwestern, Lake Shore and Texas Pa
cifc being down !.
Railroad bonds recovered their tone this
morning, being strong and fairly active, though
they felt the force Of the weakness in the share
list later in the day. Final prices, however,
which Jersey Central fves contributed 1862, 900.
Evansville & Terre Haute firsts rose q to III
Government bonds were dull and rather
heavy.
State bonds were dull and steady. Closing
quotations were