The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1889-04-10
CONDITION OF THE MARKETS
Wheat Fluctuates Rapidly in Good Trad
ing, and Closes at Mondays Prices.
Corn Easier and Slightly Lower-0ats Stead
Ter and a Fraction Higher for July-More
Interest i'm POrk-Lard Unchanged.
MONEY, STOCKS AND BONDS.
The Market Dull and Feverish, but Higher
Toward the Close.

The Market Dull and Feverfsh, but Higher
Toward the Close.
NEW YORK, April 9.-Money on call was
easy at 3 "a per cent, the last loan being offered
at 3, closing offered at 3.
Prime mercantile paper 4l2a6 per cent.
Sterling exchange dull. but firm at $4.s6A for
sixty-day bills and $4.ssa for demand.
The total sales of stocks to-day were 215,060
shares. including the following: Atchison, So
$50; Delaware, Lackawana & Western, $3.50,
Lake Shore, 1920; Missouri Pacific, 1890;
s,I21; Reading, $1,000; ST. Paul,
1886; Union Pacific, $500; Western Union,
4,915.
The stock market was dull, feverish and gener-
ally weak in the forenoon to-day. but outside of
AtchisOn the decline was insignificant and In the
afternoon there was more activity, accompanied
by decided strength in all departments, and the
result OF the days trading Is to leave almost
everything on the list materially higher than last
evening. There was no character to the market
at the opening and prices were about at last
nights figures, but the closing of the Atchison
books to-day, with the idea that there would not
be a flood of stock offered which had been bought
for the purpose of controlling the election, In
duced a raid upon the stock by the hearish ele-
ment, and while the rest of the list stood still,
Atchison was driven down over 2 per cent. In the
space OF an hour. some sympathy with the de-
cline in Atchison was shown in Burlington, New
England and Missouri Pacific. but the movements
in the rest of the list were insignificant. though
displaying a declining tendency. RumOrs Of
business troubles in Boston were circulated to
assist in the downward movement, but they
seemed to have little effect outside OF the shares
mentioned.
The market was dull until the afternoon, when
there was a marked change In the temper or the
speculation, and st. Paul, which had been held
perfectly motionless throughout the forenoon,
began TO show the effects of the persistent pur-
chases, which are attributed to inside account,
and on an increased business it moved upward,
and the weak stocks of the morning followed,
even AtchisOn again touching the opening price
before the close. In ST. Paul there were rumors
afoat that Drexei, Morgan d Co., and possibly
the Vanderbilts, would be represented in the
directory, while the increased earnings were
very favorably commented upon. Some of the
other stocks. however, displayed marked
strength, and Denver, Texas & Ft. Worth, Lake
Erie 4 Western preferred, Chicago Gas and
Colorado Central, with all the leading active
shares, moved up smartly. The upward move
ment eliminated toward delivery hour, and
which Atchlson again lost about q point,
but before the close there was another
rally, and the market finally closed
best prices of the day. Atchison is down y and
San Francisco preferred liz. but all the other
active shares are higher. Colorado Coal rose 1la;
81. Paul preferred, lie; Denver, Texas d Ft.
ferred, and ST. Paul, 1 per cent. each, and others
fractional amounts.
There was a larger business than usual of late
in railroad bonds, the sales of all issues aggre-
eating 81 ,S45 900, out OF which the Reading
tours furnished $17S, 600, and the Fort Worth &
Denver firsts, 1892. 600. The market was gen.
orally strong from beginning to end, and almost
everything traded IN shows a gain. Among the
conspicuous advances, Louisville Il Nashville
fves rose 314, to 105l2, and Kansas Il Texas
skies 2. to 25l0; Ohio, Indiana a Western frsts,
at az.
Government bonds were dull, but steady to
firm.
State bonds were entirely neglected. Closing
quotations were.