The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-03-02
CONDITION OF THE MARKETS
Wheat Strong and Slightly Higher
and the Advance Is Maintained.
Else. the Buying Being Very Liberal-0ats
Firmer--PrOyisions Slow bat Steady.
MONEY. BONDS AND STOCKS.

Strong and Active Market, with Firm
to Steady Closing.
NEW YORK, March Money call was
easy at GAS per cent, the last loan being made
1t2l. closing at 2923.
Prime mercantile paper, Al 058 per cent.
Sterling exchange was dull but steady at
1885, for sixty days. and 81 s73 for demand.
The. total sales of stocks to-day were 173. 203
shares including the following: Delaware, Lack
awauna q Western, 10.2O0; Erie, IL. 305; Louis
vile a. Nashville, 10, $50; Missouri Pacific, ,45O;
Northwestern. 1889; Reading 5s2OO Rich
mond & West Point 1885; ST. Paul, I6, 500;
Union Pacific, I4.070; Western Union, 4,917.
The stock market presented q marked con-
trast to-day to that of yesterday, being in the
main strong and somewhat more active Con-
4rary to the designs OF the "bears,D the London
quotations came higher this morning and the
Acables reported better feeling on Americans
At that center chiefly the result Of the action Of
S4he trunk line conference and congress. and
Eeven Chicago sent reassurine advlces as well as
Thought stocks. The offerings very few at
fehe opening, aud the buying very good,
lahough the amount of business done was but
moderate. The market narrow,
however, about seven eight stocks monop-
EOlizinR the greater portion Of the business,
among which Louisville & Nashville was very
prominent, making marked advance, as did
EAlso Burlington d Quincy and Northwestern.
Reading was very sluggish on the expectation
t4hat upon the resumption of work in the Lehieh
valley the business OF the company will be ad-
.versely affected. and when pressure was brought
upon the stock, late in the day, it showed
marked weakness. There was feeble attempt
TO bid up money on the temporary scarcity
caused by the March disbursements but the
rate only reached per cent. and closed at pa
"a The market strong at the opening,
first prices showing gains over last
evenings closing figures OF from to to
per cent, which advantage was slowly though
steadily increased throughout the forenoon and
part OF the afternoon. But toward 2 o'clock the
s'bears" offered the list down, and, under the
lead of Reading. material reaction took place,
Though the weakness was of but short duration.
The market quickly recovered and finally
closed steady 20 firm, generally at fractional ad-
vapces over the opening figures. Tho entire
active list Is higher tonight, aud Louisville e.
Nashville is mp IL Burlington 81 Quincy like
per cent, and the rest Of the list fractional
amounts. The dealings in railroad bonds
were devoid Of special feature except
lin Erie seconds, which displayed marked
strength and nearly recovered its loss of yester-
day. snd furnished $40 900 out Of the total davis
business of 1894. OO0 The general list was firm
in the forenoon, but reacted later in the day,
leaving prices irreRularly changed from last pre-
vious sales. Among those which higher are
Chesapeake e Ohio. series B, coupon off, 81 to co.
Texas Pacific Terminal receipts, q, to 621; Flint
Il Pero Marquette skies lost q, at 1874. Pine
Limo certificates were dealt in for the first time
on the board to-day, and fair business was
transacted
Government and State bonds were dull and
and steady. Closing quotations were: