The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-03-07
CONDITION OF THE MARKETS
EcaIpers Do Most of the Trading in
Wheat, and Values Change but Little.
Corn Continues the Leading Speculative Arti-
Gle, but the Changes In Price Are Unim-
portant-PrOvisions Dull but Steady.


a Very Quiet Day in New York, the FIuctua-
tsons Being Confined Marrow Limits.
NEW YORK, March 6-Monev call was
sasy at q az per cent, the last loan being made
~ >. closing - q as
Prime mercantile paper, Al 05a per cent
Sterling exchange was dull but steady at
e4S59 for sixty-dsy bills. and "a. S7t for demand.
The total sales Of stocks to-day were 1858
shares. including the following: Delaware Lack
nwsnna o Western, 24.225; Erie, 1850; Lake
Shore, 22.160. Louisville G. Nashville. 1920;
Northwestern. 6.617; Reading, $1,000; Richmond
o. West Point 1910. St. Paul. 1896; Union
Pacific, 1900; Western Union, 3, 100.
j The stock market to-day presented marked
contrast 90 that Of yesterday being not only
very much quieter, the sales reaching barely
Lcne-half Of those recorded yesterday, bnt it was
| Arm 20 strong throughout the day, and huctua-
lions were confined to comparatively narrow
limits. The Western railroad troubles still con-
tinued to be the most important factor in the
course Of prices, and though hating DISPOSE
ton was apparent, the situation was looked
upon with much less apprehension, and the
iA'besrsr being deferred from putting ont further
s'ghert" lines. there was some covering and more
buying for the 'Tong" account London was the
most conspicuous seller, but the fore iRn opera
bad little title weight in the market
The greatest interest was in Reading,
and. Rs usual, the crowd in the stock the
largest ON the floor but it moved with the gen.
eral list and developed feature worthy Of
note beyond its heavy transactions Michigan
Central was the only stock making any decided
movement. aud as the top figures IL showed an
advance OF "a per cent. most Of which WAS re-
tanned at the close. Some rumors from the
West. calculated to advance prices. were circu-
lated late in the day. and toe newa from Wash
tEgt0n TO the progress en- the financial meas
ures before Congress. gave some encourage
nnant 20 the "bulIs" In the unlisted depart
beng practically cornersd. and the price was
sxnn MP from 9Oc to S1.45. with the promise that
the excitement will be renewed tomorrow. the
opening this morning was very quiet and steady,
bat nrEn tone marked the dealings and prices
slowly advanced. with but few reactions and
few advances Of Importance, except TIE gains
In Michigan Central, Manhattan and San
Francisco preferred. The close was dull but
arm st the best prices reached. The active list,
without exception, Ia hgher this evening,
slough the gains are generally for fractions
only.
R@ilroad bonds were very dull and DEVELOPED
no special feature. the market being rather
heavy throughout most OF the day, and closing
/ bfices generally show declines. The sales
amounted to S777. 000 The principal losses
were Texas Pacific, Rio Trust receipts q, at
f1O2a; Rochester g. Pittsburg frsts, g at 1l6.
The few advances include Milwaukee,. Lake
Shore 81 Western and Michigan skies, 2, 20 liz,
/ and Ohio e. Mississippi seconds, III, to 1854.
Government bonds were dull and rather
heavy.
State bonds were duh and steady. Closing.
quotations were;