The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-09-22
CONDITION OF THE MARKETS
Active Business in Wheat, the General
Situation Showing No Marked Change.
Considerable Activity in Corn. Accompanied
by q Weaker Feeling-0sts Active-Pro-
visions Quiet, Dull and Unchanged.
A Decrease of Activity at New York. Ac.
comnanied by q Weak Feeling.

A Decrease of Activity at New York, Ac-
eompanied by . Weak Feeling.
NEW YORK, Sept 2.-Money on call was
easy at II az per cent, closing offered at 2 per
cent
Prime mercantile paper, ST. u per cent.
Sterling exchange was quiet but steady at
e. s4l for sixty-day bills, and 81 IS for demand.
The total sales of stocks to-day were 232. 245
shares, including the following: Canada South
err, 3,4O0; Delaware. Laekswanna e. Western.
Is. 72S; Erie. 7,728; Lake Shore, %, 500; Louis
vile & Nashville, $50; Missouri Pacific, 5,12O;
Northwestern, 900: Norfolk & Western pre-
ferrsd, 6.662; Northern Pacific preferred, 21,s5o;
Oregon Trsnseontinental, 4, $50; Reading, IA, 100;
Richmond & West Point. 1900; St Paul. 1904;
Union Pacific. s. IFS; Western Union, s,743.
The stock market was much less active to-day,
the sales being the smallest for more than two
weeks, aud the tone Of the dealings was again
fsverish and woak, though the final changes are
about equally divided between gains and losses.
There was evidently q disposition on the part OF
operators to await further developments in sew
eral directions before entering into new vent
ures, sad tbs days transactions were entirely
free from excitement OF any kind. To many
the dizziness aud apathy were quito az surprising
as the wide and rapid fluctuations of a week ago.
the range OF values being, IN most of the list.
within very narrow limits The graneers took
secondary place in the speculation, while
by reason Of their activity and strength
IN the face Of the weak tone which characterized
the general list The rise IN those shares was
aided by the reports OF the harmonious feeling
at the trunk-line meeting. but the street also be-
lisves thar the purchases are largely for inside
account. The specially weak spots In the list
to-day were the Southern stocks and Northern
Pacific, and the 'bears' used the reports OF the
spread of yellow fever 10 that region against the
stocks OF the Southern roads. Louisville u Nash
Wills being particularly vulnerable. Northern
Pacific was sold by London, and 10 al prooab1-
ity by the defeated party at the last election,
though the illness Of Mr.. Wright had q depress-
ing influence upon the stocks The coal stocks
and the Gould stocks were quite
dull throughout the day, but New
England was feature, being active
and stropg on buying for Boston account, the
latest story being that there il 10 be q contest
nj the NEXT election. and the buying 10 60 obtain
ishe balance OF power. The opening figures were
very little changed either way, hur Louisville
& Nashville was down ! per cent The market
made some slight advances in tie hrst Few min
utes. but soon began to Weld. and under the
lead OF St Paul aud Northern Pacific preferred
material declines were established IN the nrst
hour. Lake Shore then came 10 the front. and
the market took or q better tone, recovering
somewhat. The movement was aided by the
strength In New England, after noon,
but eliminated by / P. NJ. Louisville
q Nashville again displayed marked weakness
and rest of the list responded. losing all the
previous advantage. Missouri Pacific became
the special weak spot in the last hour, and the
markss finally closed quiet but weak, aud at ir-
regular changes for the day. The nnal chsngvs,
exeep, losses of II in Louisville & Nashville,
aad i per cent. IN Northern Pacific, were for
fractional amounts only.
Transactions in railroad bonds were very
small to-day, ageregatins only s524 600, aud the
tone was again heavy. though the nnAl changes
in quotations are somewhat irregular. There
was no feature whatever 10 the dealings, aud no
animation any where in the list
Government bonds were dull but firm.
State bonds were dull and steady. Closing
n1nfafiona xarA.