The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1889-06-15
CONDITION OF THE MARKETS
WheatFurther Advanced on Various Re-
ports of ~Unfayorable Weather.
Corn Firm on a Dull Market-0ats Slow. but q
Shade Stronger-An Easy Feeling in Hog
Products, with Prices Steady.
MONEY. STOCKS AND BONDS.
q Bearish Market Under Outside Reports
and the Statement of Gold Exported.

4 Bearish Market Under Outside Reports
and the Statement of Gold Exported.
NEW YORK, June A-Noney on call
was easy at 2G3 per cent, the last loan
being made at 3. closing offered at
Prime mercantile paper, 3G5l2 per cent.
Sterling exchange dull but steady at
t4.S7 for sixty-day bills, and S4.SSs4 for
demand.
The t5tal sales of stocks to-day were 49,
234 shares, including the following: Atch-
ison, 40,SS5; Delaware, Lackawanna& West
ern, Il, 292; Louisville 81 Nashville, 3,46O:
Missouri Pacific. 6,o25; Northwestern, 4.O0;
Northern Pacific. preferred. 1905; Reading.
Ssh; Richmond & West Point. 1850; ST.
Paul. o $780,; Union Pacific. s.425; Western
Union, $3.50.
The stock market developed somewhat
more animation to-day, although 1t was
almost entirely confined to less than a half
dozen stocks. There was considerable irreg-
ularity throughout the day. but the general
drift of prices was downward, and some
material losses were sustained. The news
from the West this morning was unfayora-
BILE, the principal point being the refusal OF
the Lake Superior lines to accept the prop
was seconded by other depressing
advices, and before the opening OF
the board it was known that nearly
S4,000.0o0 more gold had been taken for
export. and the feeling at the opening was
bearish IN the extreme among the raiders.
Opening prices were lower and declines
extended to II per cent. in most stocks.
while Jersey Central was off ] per cent, at
40. The market was feverish and quite
irregular, but the pressure brought by the
bears with the undoubted selling for tho
long account made further fractional losses
in the first hour. New England was, how,
ever, a marked exception to the general
rule, and after a ST decline rose over
10 per cent. st. Paul weakened under the
news from the West. but while it was act
i've, the concessions made were small and
Jersey Central, after the decline at the
opening. was fairly well held for the re-
Hudson reacted sharply. Sugar Trusts
and New England then dropped, and IN
most of the general list the lowest prices OF
the day were reached towards noon.
this time, and under excellent buying it
advanced about 2 per cent. above Its low
est. Union Pacific also showed marked
strength, followed by Oregon Short-line.
but the Improvement could not be
maintained, and New England dropped
rapidly from its high figures, while consid-
rable pressure was brought against Read
ing, though little impression was made
upon the latter stock. The downward
movement was most pronounced toward
delivery hour, but later the advices from
Chicago were more encouraging, and the
shorts" went in to cover, which lifted
prices in the las. half hour. and the market
closed at the rally. with a firm tone, though
close to the lowest prices. The active list
is generally lower. and st. Paul and Bur
lington lost Ia per cent. each, and Jersey
Central, / per cent.
Railroad bonds did not ~sympathize with
stocks in their depression, but the dealings
were on a smaller scale than usual of late,
and the fluctuations were small and unlm-
portant as q rule. The sales of all issues
reached 81, $50, COO, and of that amount At
lantic & Pacific tours contributed S157, 900;
Kansas ~ Texas fives, S121. 600, and the
skies. $10S. 900. The tone was firm. but there
were some marked declines at the close. St.
LOUIS Il Cairo tours rose 4l2, to so; st.
Louis a. Chicago consOls to Al; Chicago a.
Alton sinking FUND skies lost 2, at 124.
Government bonds were dull but firm.
State bonds were dali and steady. Clos
inn cuokationa 1910.