The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-01-11
CONDITION OF THE MARKETS
All Commodities Quiet and Featureless,
the Changes Being Insignificant.
Wheat Advances Slightly Under Heavy In
dividual Buying-Corn Also Advances, but
Closes at Figures Current ON Monday.
MONEY, BONDS AND STOCKS.

Dull Day in New York, the General Feeling
Being Decidedly Bearsh.
NEW YORK, Jan. 10-5Ioney on call was
)asy at as per cent, the last loan being made
II A. closing offered at l.
Prime mercantile paper, 81 073 per cent
Sterling exchange was quiet bat firm, with act
ual business at 81 SAL for sixty-day bills and
4s6a for defhand-
The total sales of stocks to-day were 215, 135
shares. including the following Delaware,
Lackawanna IL Western, 9,400; Erie, 200;
Lake Shore, 3025; Louisville s. Nashville g.,
65j; Northwestern, 1900; Northern Pacific
preferred, 5,6Ss; Oregon Transcontinental, s.
225; Reading, Sc, Dos; Richmond 81 West Point,
1850; St. Paul. 1854; Texas Pacific, 1900;
Union Pacific, $3.50; Western Union, 9,365.
The stock market was neither so active
strong as yesterday. and the speculation lacked
vim, the general feeling. especially early in the
day. being rather bearish- The most conspicu-
GUS feature the sudden weakness OF Louis
vile g. Nashville, which had been so strong
lately. London was a seller. and the decline
was attributed to the dissatisfaction at the &C
ton Of the directors. The ''oears" were more
active and aggressive than they have been for
GONE days past, and the natural strength of the
p1arket was resisted at every point, which gave
she list a feverish and waverIng appearance dur
ing the early trading No impression was made
On anything except Louisville 81 Nashville. how
ever aud the market soon asserted It's Inherent
strength. St Paul was the leader of the market,
being bought heavily. though there was eonsld-
cradle pressure against the stock and there was
also covering in it to q marked extent Read
ING vas freely sold, and it's support somewhat
snystified the street, but the pressure was re-
aieved late in the day. and it remained without
further change The trading in Western Union
ana New England attracted some attention, but
m IN rest of "a
small and unimportaut There was affair amount
of activity at the opening, which was heavy TO
weak, with Louisville 81 Nashville down per
cent and further losses were sustained during
the first half hour, though they were for small
fractions only. A better tone was Soon developed
and the early losses regained in most of the list,
after which duliness succeeded in everything ex-
eept one two stocks, and the market became
quiet and without special feature until afternoon,
when a slight heavinesS again become notice
able. The close however, was steady at lrreg-
ular changes from last evenings prices. Inc
final changes very evenly divided between
gains and losses. which, however, are for small
fractions only, except in the case of Louisville
&C. Nashville which lost Is per cent.
Railroad bonds still show an increasing vol
nme of business; sales, ST., S23, 000. of which
FIT Worth e. Denver frsts furnished $10S, 900.
The market was strong throughout the day.
and almost everything dealt IN is fractionaliy
higher to night Chesapeake e. Ohio currencies
rose 2, to 24s; St. Paul aud Sioux City frsts, 2,
TO l25; Erie fourths, 81, to 1874; Erie funded
fyes, ~, to 90; Peoria, Decatur & Evansville
Grsts, "a. to 1854 Mobile and Ohio frsts de-
behtures, 3, to 463.
Government bonds were dull but firm
State bonds were dull and steady. Closing