The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-07-28
MONEY, BONDS AND STOCKS.

Light Business in New York, with Q Dull
but Firm Closing.
NEW YORK, July 27.-Money on call was easy
at 1e1t per cent.
Prime mercantile paper. 416 per cent.
Sterling exchange was dull and weak At
a. sc for slxty-dsy bills. aud s4.ss for demand.
The total sales of stocks to-day were liz, l5s
shares, including the following: Canada
Southern, s.so5; Delaware. Lackawanna &
Western. ii. $50; Erie, 4,4lOi Kansas & Texas,
1850; Louisville & Nashville, 1910; Northwest
ern, $3.50; Northern Pacific preferred, 3.ll4;
Reading. $3.50; Rick mond & West Point. 8, $50;
st Paul. 20. 202; Union Pacific. $3.50; Western
Union. 70.037.
The stock market seems TO have fallen into
the summer dullness again, and to-day's trans
actions were the most undressing for weeks,
the dealings being on q small scale, while the
fluctuations were confined to small fractions
throughout There was small demand for stocks,
but there were none pressing for sale. The de-
cisiou in the Iowa case Was not REGARDED with
a. much favor as last evening, which created q
hesitation, ane the bears" we're quick TO take
advantage OF the utterances OF Commissioned
Blanchard IN regard to trunk-line affairs, and
used them IN hammering the list during the nrst
hour. The news Of the day was not of q char
ac,er 70 have suy special effect upon prices,
and the usual exodus OF brokers from
the city, TO remain over until Monday.
was the cause OF the lack Of interest
in the dealings which Was SO noticeable through
out the entire day. The foreigners wore modsr-
ate buyers, and. with limited purchases of COM
mission houses. furnished the support Of the
market. while the traders and bears" by the
circulation Of disturbing reports, kept prices
down until the last hour. when the general
'bullish' feeling became more pronounced, the
early losses were generally wiped out. and in
some cases fractions were gained. st. Paul aud
Reading we're leading stocks, though tho deal
ines in both were very much reduced from the
totals of the past few days. and their fuctua-
tons were generally Insignificant, neither being
traded In over a range OF more than l per cent.
The only decided movement Of the day
was in ST. Louis, Alton & Tsrre
10 423 on very small dealings. The higher
figures from London, caused by the decision Of
Judge Bre wer and the strength OF our market
last evening. opened the list from ! to q per
cent. above last nights prices. but the market
lacked VIM. a dropping tendency soon appeared.
aud before the close Of the frat hour ST. Paul
aud Wheeling & Lake Erie preferred had each
lost per cent. All feature then disappeared
from the trading. though q slow and steady re-
covery took place, which. by l P. M, had brought
most Of the list about up to the opening figures.
There was better buying in the last hour, how
ever, and more animation. and many stocks
gained fractional amounts. which served to
bring them ND above their first prices. and the
market finally closed dull but frm at irregular
changes OF small fractions from last nights
figures.
The railroad bond market was quiet, with
sales of sl.372.0 900, Of which $l56. 900 were in
Kansas d Texas SKIES. and sos, 600 ia Texas
Pacific seconds. The Fort Worth & Denver
hrsts were also prominent IN the desline s. but
the market presented no other feature, and,
while the tone OF the market was generally
firm, final changes are irregular and for small
fractions in most cases. Among those which
are higher, Central Iowa frsts certificates rose
3. TO s03: Cedar Falls & Minneapolis frsts, 2, to
81, and Fit Wayne frsts, 2t. to l42- the losses
comprise Indiana, BLOOMINGTON 81 Western
first certificates. 81, at IS. and Wabash seconds
certificates, 3, At 81.
Government bonds were dull and steady.
State bonds were dull and without feature.