The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-02-17
CONDITION OF THE MARKETS
The Chicago Spectators Devote Their
Attention to the Provision Pit.
The "Bears" Make Raid. Directed Chiefly
Against Pork-Considerabl Excitement in
the Corn Pit-Wheat Trifie Higher.


An Increase of Activity, the Msrlxet Closing
Irregular but Generally Higher.
NEW YORK, Feb. 16.-Money on call was
Easy a. la02A per cent, the last loan being
made at 2, closing offered at 2 per cent
Prime mercantile paper, sac per cent
Sterling exchange was dull, but firm at $484
for sixty-day bills, and a. $50 for demand.
The total sales Of stocks to-day were 161, s51
shares, including the following: Canada South
ern, $500; Delaware, Lackawanna 81 Western,
1000 Erie. 1885, Lake Shore, 9. SEQ; Louisville
81 Nashv lille, 3.42O; Northwestern. 1850; New
Jersey Central 1855; New England, 1900;
Reading $500; Richmond 81 West Point, IL.
JOO ST. Paul. 81, las; Union Pacific, 81, $40;
Western Union, 2, 1896.
The stock market to-day showed marked i'm
provement over that Of the previous two days,
both as to the amount OF business done and the
ktone Of the transactions, and commission houses
express a more hopeful feeling for higher and
more active market, while less was heard or the
kdullness and it's proposed remedies. The Lon
don buying in the early trading took all the
terday made further progress aided by some
pressure to cover Shorts" though the bear
leaders said that they had put out fresh lines of
r1'shorts" at top figures. and threatened to ham
ner the market as q favor
able chance offered. On the other hand.
Mr.. Cammack was said to have covered his
line and would sail for Europe shortly. Union
Pacific, Northern Pacific preferred, and St
Paul showed most strength in the active list.
ehe latter being affected by the more favorable
outlook in the West for N settlement of the
listing rate war, while Union Pacific was strong
hon the report that the bill for funding the gov
i eminent debt would be reported in few days
and come up for early passage The great feat
ure of the trading however, was the sharp adj
vance in Richmond 81 Wess Point preferred
The rumors afoat indicating the resignation of
sMr. Suly and the Brice- Thomas party were
credited with moving the price M BEADING
was a weak spot in the list, aud it sagged of
slowly all day withou. any special pressure.
The remainder Of the day was dull and feature
less throughout. the market opened firm and
with more animation than has been seen
for days, the sales OF the
forenoon exceeding those or either
OF the two preceding whole days; prices adj
vanced steadily but without any special feat
ure, except Richmond 81 West Point preferred,
until afternoon, when dullness again appeared
and the advance halted. In the last hour some
pressure was brought TO bear, and the list
moved of, the market finally closing dull and
heavy at fractions under the best prices Closing
figures are irregular but generally higher. but
with the exception of Richmond & West Point
preferred, which advanced 1t cent, the
fipai changes for fractional amounts only.
Railroad bonds were somewhat more active,
and displayed hrmer front; sales, OIL. 063, 00O
Louisville 81 Nashville, E. q T. ii. consols, rose
2, st lis; International frsts, "a, at 941, and
South Carolina seconds, 4, at 803.
Government bonds were dull and heavy for
the four-and-a halls.
State bonds were entirely neglected Closing