The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1889-01-08
CONDITION OF THE MARKETS
Wheat Was Weak Early in the Day, but
lit Rallied and Closed at an Advance.
Little Interest Manifested in Corn-0ats Quiet
and Easy, with Higher Prices for May
Deliyery-POrk and Lard Stronger.
MONEY. BONDS AND STOCKS.
A Dull and Featureless Market, Except with
n Few of the Leading Shares.

a Dull and Eeatureless Market, Except Will
a Few Of the Leading Shares.
NETWORK, JAN Mooney on call was easy
at 2941a per cent, the last loan being made at
4, closing offered at per cent.
Prime mercantile paper, 5l9G7 per cent.
Sterling exchange firm and active at S4S4is
for sixty-day bills, and $4.6s for demand.
The total sales of stocks to-day were 169,o74
shares, including the following: Delaware, Lack
awanna & Western, IL, 275: Erie, $3.50; Missouri
Pacific, $500; Northwestern, 1855; New Jersey
Central, 4,43O; Northern Pacifcpreferred, 4,315;
Reading, Al ,598; Richmond & West Point, 1850;
st. Paul, &c, 595; Union Pacific, 14,065.
The stock market to day showed no change In
;ts temper from last week, and the dealings were
confined principally, although to a smaller de-
gree than usual Of late, TO the professional ele-
ment, while the interest IN the speculation was
eentered in a half-dozen or so of the leading
shares, all OF the rest being dull and entirely fea-
tureless. The foreigners'gave evidence of more
confidence in American securities, and the COM
mission people were talking, IL anything, more
hopefully, the selling being almost entirely from
the "bears" and the traders, who made demon
stration against the coal stocks, and Reading In
particular, because of the continued warm
Srrv I We snd St Paul Was one Of the
strong features of he day, the foreign purchases
being more marked in that stock than in any
the Missouri Pacific had ordered a reduction or
salaries OF 10 per cent, affecting all those receV
ing over S0o per W was tbe Fes Of the
roads in that region, and the report tnat an enort
would be made TO utilize the clearing house
scheme also factor in the strength DIS
played by those shares. Late in the day favora-
BILE reports from Washington were used with
marked effect in Union Pacific. The bear at
tack upon Reading was made In the forenoon,
and the stock reached its lowest figures at about
noon, but there was very good buying noticed IN
IL at the low prices, and some large blocks
changed hands at that time The other active
shares developed no animation nor feature.
Among the inactive list, Milwaukee, Lake Shore
IL Western preferred made a sudden squirt, and
moved up nearly per cent. after opening on
per cent This was on the report that there
would be a 2l2 per cent dividend tOmorrow,
years business New York and Perry Coal,
which has so long lain dormant, was brought
forward today, and made more acuve tnan
The opening figures were generally from leo
Sc per cent higher than last Saturdays final
further fractional advances in the early trading,
under tile lead of Missouri Pacific and Perry
Coal. The coalers. however, displayed con,
ran off 1 per cent. from its best
figures, followed by the. rest of the
prices after that time showed an advancing ten
dency, although there was very little progress
made until well into the afternoon, when Union
Pacific, st. Paul, Reading and some or the spe-
cialties developed strength, and the early losses
generally were recovered. Intense dizziness and
stagnation became the features toward the end
of the session, and the market closed dull and
steady at irregular changes of sleell fractions
from the opening prices. The final declines
were few and unimpOrtant, but among those
which are higher this evening, Omaha preferred
rose %; st. Paul, Ia; Missouri Pacific lis; Mil
waukee. Lake shore IL Western preferred, DIG,
and Perry Coal, IL.
Railroad bonds were more active than for some
time, and the sales of all issues reached 81 S22.
600. of which the Reading Testimonies furnished
100000, though there was no special animation
developed anywhere else In the list There was
a general strong tone throughout the day, and
the steady appreciation of values was the marked
feature of the dealings. The advances were
not very heavy, except in few issues, and of
these the most important was the Chesapeake 81
Ohio series b certificates, 2l4, to 793t.
Government bonds were dull and steady.
State bonds were quiet and generally firm.
Closing quotations Were