The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1889-04-11
CONDITION OF THE MARKETS
Wheat Unsettled and Not Very Active,
Though Slightly Higher at the Close.
More Doing in Corn at a Lower Range OF
Prices-Oats Irregular and Weak-Pork
Quite Active at a Decline-LardT Tame.
MONEY, STOCKS AND BONDS.
The Market More Active and Higher for al
most Everything ON the List.

The Market More Active and Higher for al
most Everything on the List.
NEW YORK, April 1O.-Money on call was
easy at 3a4la per cent, the last loan being
made at 3. closing offered at 3.
Prime mercantile paper 4l9a6 per cent
Sterling exchange dull, but firm at $4.s7 for
sixty-day bills and $4s8as for demand.
The total sales Of stocks to-day were 296,335
shares, including the following: Atchison, 49,
b54; Delaware, Lackawana & Western, $500;
Denver, Texas & Fort Worth, 5,s42; Lake Shore,
i4,515; Louisville & Nashville, 20,575; Missouri
Pacific, 6,400; Northwestern, 1870; Northern
Pacific preferred, $500; Reading. 36,400; st.
Paul, 1884; Union Pacific, 1850; Western
Union, 6,465.
There was more activity IN the stock market
this morning than during the same hours for a
long time, but later the marketquieted down and
lost a portion of the early gains, though prices at
the close were materially higher than those of
last evening. The foreigners were the chief fac
tor to-day in continuing the advance, and while
the early London cables reported handsome adj
vances over our priceso of last evening, the foreign
buying orders in this market were sufficiently
open stocks from & to p per cent. higher In the
general list, while Atchison, which was favor
ably affected by the fact that the efforts OF Messrs.
kidder, Peabody & Co. to bring about a change
In the directory were meeting with some sue
cess, was up d per cent. The feeling was gen.
orally bullish, and the scare over the low bank
reserves reported last Saturday seemed, In view
OF the large purchases by the Secretary OF the
Treasury, TO have entirely passed away. Still
there was considerable realizing by the 'loug''
interests, and after the opening squirt, while the
market maintained a firm tone, the changes in
quotations were in but few cases for more than
slight fractions. st. Paul led the upward move
ment, and was followed by Lake Erie Il Western
preferred, and later by Burlington, but the gains
In no case were for than fractional amount s.
Manhattan came to the front toward noon and
made a squirt of 334 per cent, which there is
no evidence to show was anything more than
manipulation, as the rest of the list retired
slightly from the best prices of the morning be-
fore noon. Up to this time there had been a
large volume Of business, and nearly twothirds
of the entire days business was transacted be-
fore noon, but after that time there was q steadi-
ly decreasing business done, and fluctuations
were confined to the smallest fractions. except in
a few specialties, among which Denver, Texas u
Fort Worth and San Francisco preferred were
most prominent. In the unlisted department,
however, there were some sharp movements,
and Sugar Trusts, OH a very large business, adj
vanced IA. and Brunswick. which is attracting
somewhat more attention than of late, 7s, to
211s. There was some heaviness toward de-
livery hour, but Atchison was the only stock
showing any marked animation, and the market
finally closed quiet, but strong, at close to the
best prices of the day. Colorado Coal Ia i per
cent. lower this evening, butts with that
exception the entire active list is higher. Man
haitian rose Gig; Consolidated Gas, 12; San Fran
cisco preferred, liz; Louisville & Nashville l per
cent, and others fractional amounts.
Railroad bonds were again fairly active to-day,
the sales OF all issues aggregating 900,
though the only marked activity was in the
Louisville, New Albany Chicago consOls, which
contributed $145.0 600 to the grand total. The
tone of the market was strong Throughout,
though there were some weak spots and a few
marked losses sustained. The most noted ad-
vances were st. Paul., Chicago & Missouri River
fives, 2, to 101, and Shenandoah Valley general
receipts 2, to SO. On the other hand, Colorado
Coal skies lost Dig, at 90, and Alton q Terre
Haute dividends 3. at 40.
Government bonds were dull and steady.
State bonds were dull without feature. Clos
ing quotations were: