The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-06-01
CONDITION OF THE MARKETS
Wheat Fluctuates in a Manner that
Mystiies Many Chicago Spectators.
Prices Move Up and Down with Astonishing
Suddenness and Without Apparent Cause
Corn Lower-Provisions Featureiess-


An Extremely Dull Mark-f, rho Business
Being In the Hands OF the frsdsrs.
NEW YORK, May 3T-Noney on call was
easy at II az per cent, The last loan being made
ct II. closed at 1l02
Prime mercantile paper. 496 per cent
Sterling exchange was dull but steady at
4.s6x for sixty-day bills, and g. s5t for do
mand.
The total sales Of stocks to-day were
132, 68l shares, including the following: Della
ware, Laekswanna & Western. s,9l4; Erie,
a.500; Lake Shore, 1881; Louisville & Nashville.
4,22O; Missouri Pacific, 9,l43; Reading. Is, 265;
Richmond s. West Point, 300; St Paul, 27,045;
Union Pacific, 7,125; Western Union, $500.
The stock market was again extremely dull
to-day, the business done being entirely in the
hands of the trading element. and the huctua-
tons confined to the smallest limits, while the
tsns Of the dealings was heavy almost from
opening to close. leaving the list fraetionally
lower a. the result of the days trading. There
was no news Of any kind to affect values, and
the indispositiou to trade was very marked
Stocks were 10 good demand IN the loan crowd.
but there was no urgent inquiry for stocks, and
the traders did most Of the selling. There was no
animation at the opening. and most of the active
stocks opened unchanged from Tuesdays nnsl
figures; there was some slight improvement in
the first few minutes on the execution OF tbs
sccumulation Of orders over the holiday. but
this movement soon ceased and q moderate
pressure was brought TO bear on the hist. which
forced prices on. the decline being accompanied
by . little more activity. The Widest move
ments were in Missouri Pacific, which, after an
advance Of /. reacted i per cent, and New Eng
land Loaf / per cent. after o slight rise. After
that time the market renamed almost stag
nant, with . generally weak tone and with the
dealings monopolized by less than . half
dozen stocks The decline became more pro-
pounced after noon. however, and New Eagland.
ST. Paul and Missouri Pacific were most promi-
nenr In the last hour Omaha, which had not
sold . share up TO that time. suddenly declined
] per cent on . small business, bat there was NO
further feature of any kind in the market, and
1t closed extremely dull and rather heavy 81
small fractions below the opening figures. The
with the exception of Omaha. which lost 1 per
cent The deslBes are for fractional amounts
only.
Railroad bonds, like stocks, were dull, and
the dealings were almost entirely devoid Of
feature. The tone OF the market was much
mixed. and while the final changes are generally
for small fractions only, they are very irregular.
The total sales were 1890. 900. Northwestern
extension tours rose 2. TO 97i, Northern Pacific
terminate, 3. 20 los; San Francisco, class c. TO
1854, and Cairo. Arkansas a. Texas frsts, 2, to
los. Atkinson. Colorado 81 Pacific firsts lost
3, at 10l, and Green Bay incomes. 3. at 32}.
Government bonds were dull and steady.
State bonds we're dull and without change.