The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-02-02
CONDITION OF THE MARKETS
A Better Feeling Among Spectators,
but No Special Activity Developed.
Everything Shows an Increase of Strength,
Accompanied by an Upward Tendency
Provisions Attract Most Attention.
MONEY, BONDS AND STOCKS.

The Duilest Day Known This Year, Accom-
panied by Irregular Changes.
NEW YORK, Feb. Mooney on call was
easy at 81 a per cent, the last loan being made
at p; closing at 2023.
Prime mercantile paper, 5073 per cent
Sterling exchange was dull and weak, with
nctual business at a. s3l for sixty-day bills and
g. $50 for demand
The total sales OF stock to-day were SO, 272
shares, including the following: Delaware
Lackawanna g. Western, 12.735; Delaware 81
Hudson, 4. 500; Missouri Pacific, $685. New
Jersey Central, Z, 735; Reading, IL 200; St. Paul,
ID $50; Western Union 6100.
The stock market to-day was duller than at
any time this year so far, and the fluctuations
and in but two or three stocks did the transac-
tons have any significance. The demand for
stocks was very light, bat the offerings were on
equally limited scale, and the uudertone OF
strength was sufficient to deter the traders and
bears from selling the list short There was
some little interest aroused by the buying OF ST.
Paul in the forenoon and later in the day the
coal stocks especially Delaware q Hudson and
Jersey Central, became active and were at one
time strong, but while their fluctuations for the
day exceeded those OF any of the active list
their final changes are equally Insignificant
Among the specialties, Wheeling q Lake Erie,
after opening down. became strong and made
material advance. but afterwards reacted, and
tonight it is but slightly better than last even
ing. The Chesapeake e. Ohio stocks were
strong. late in the day, on the announcement of
a conference between Messrs. Huntington and
Ingalls, and that the latter gentleman was to be
nade president after the road had been taken
out of the hands OF the receiver. The opening
was very dull and rather heavy, but
the market recovered immediately and
small advances were made in the early dealings,
though except IN Wheeling 81 Lake Erie they
were confined to small fractions The firm tone,
however, disappeared after IL o'clock, and prices
sAgged off steadily until the afternoon, when the
list relapsed into the most intense dizziness seen
this year, remaining until the last hour. when
the animation in the coal stocks frightened
things a little, but the close was very dull and
about steady at the opening figures The result
of the days business is that the active list is
irreeularly changed, though the extreme differ
ence from last evenings prices is about per
cent.
The railroad bond market was fairly active,
the total transactions amounting to 81, LOCO,
to which Jersey Central fves contributed $780,
600. while the rest of the business was very
evenly divided. The market was quite irregular,
but important changes in quotations are few in
number Among those which are higher, Hous-
ton 81 Texas Central certificates rose 2. to 60;
Pensacola 81 Atlantic frsts 3. to 81, and Wabash
sevens of 1879 5, to g. Hooking Valley fves
lost IL, to 729
Government bonds were dull and steady.
State bonds were very dull Closing quota
tions were