The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-01-13
CONDITION OF THE MARKETS
Wheat Develops but Little Interest, and
Scalpers Have Matters Their Way.
Provisions Absorb the Attention of Specula-
tors, and a Somewhat Exciting Session
Follows, the Market Closing Strong.
MONEY. BONDS AND STOCKS.

A Dull Market in New York. Closing with
n Quiet but Strong Feeling.
NEW YORK, Jan. 12-Money on call was
easy at "a Al per cent, the last loan being made
Mt q closing offered at 2
Prime mercantile paper, 81 a u per cent
Sterling exchange was dull but steady at
e4.6s1 for demand
The total sales of stocks to-day were l47. 300
shares. including the following Delaware.
Lackawanna e. Western, 5000; Erie, 4,50l;
Missouri Pacific, 3,060 Oregon Transcontinen-
tai. 1850; Reading. 60.6O2; st. Paul. 10, 708;
Union Pacific, 1885, Western Union. 5,155-
The stock market during the greater part of
the day was duller than it has been for months.
while the transactions show no significance
whatever, being nothing but scalping by the
room traders. The fluctuations were confined
within narrow limits. The only feature to the
dealings up to the last hour were weakness IN
the Gould stocks, though this only showed In a
sudden though unimportant decline in Missouri
Pacific and a sharp advance in the St Louis,
Arkansas g Texas securities under heavy de-
rnand, said to be for foreign account Reading,
az usual, led the market and there was very
good buying noticed in the stock all day long,
but later in the day rumor was
started that favorable developments were a bout
10 come out regarding the strike. and under
very heavy trading the stock moved up per
cent. Jersey Central was also participant in
this rise, but the other coalers were quiet to
steady. ST. Paul was second in amount Of bust
ness done, but the dealings in the stock were de-
void Of special interest The demand in the
loan crowd for st. Paul. Lackawanna and Read
ing was very heavy. The market opened easy
but extremely dull. and while there was adj
vAncing tendency displayed for the first few
minutes, it quickly disappeared, and beyond the
sudden advance in Hooking Coal and st.
Louis, Arkansas 81 Texas, and the decline
In Missouri Pacific, there was absolutely no
feature to the trading, while prices remained
steady, fluctuations being extremely narrow.
Toward delivery hour, however. there was moro
animation shown. especially in Reading. which.
with Jersey Central, moved up about point
Nhe general list followed slowly, and the close
was quiet but strong at the best prices reached.
The days trading leaves most of the list small
fractions higher, but the only important changes
were declines of Z cent each In Missouri
Pacific and Fort Worth e. Denver, and an adj
vance Of a like amount in Reading
The railroad bond market recovered somewhat
from yesterdays hesitation; sal es, 81. 5l3 0OO
Prices were. in the main, strong, though few
issues recorded losses for the day. Northwestern
sinking fund fives 2, to Ito; Minneapolis
q St. Louis equipment, to 3d. Quincy g. To-
ledo lost 3, to %; and st. Louis, Arkansas &
Texas seconds, 24, to AZ; Indiana. Bloomington
g. Western frsts certificates lost Al, at 85.
Government bonds dull but steady to firm.
State bonds dull and steady. Closing quota
tiouS were: