The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1889-07-16
CONDITION OF THE MARKETS
Wheat Stronger on Small New Crop Re-
ots and Visible Supply decrease.
But Little Interest in Corn, and Prices a Shade
Better than Saturday-Oats Firmer-Hog
Products Active and Irregular.
MONEY. STOCKS AND BONDS.

A Few Limited Gains That Were Largely
Lost by ReaIizations in the Closing Hour.
NEW YORK, July 15.-Money IN call was
easy at 3O3l2 per cent. the last loan being
made at 8, closing offered at 8.
Prime mercantile paper 4120612 per cent.
Sterling exchange quiet and steady at
S4.s6 for sixty-day bills, and S4.s7s4 for de-
mand.
The total sales of stocks to-day were
1912 shares, including the following:
Atchison, II, 900; Delaware, Lackawanna q
Western. 9,400; Lake Shore. 1900; Missouri
Pacific, 7,510: Northwestern, 4.6OO; Northern
Pacific preferred, 6,12O; Reading, 1850; st.
Paul, 29,425; Union Pacific, 1870.
The stock market to-day was quiet all the
way out, but there was until the last hour
q decidedly strong tone. which raised quo
tations to q materially higher level than
that of Saturday. The improvement. how:
ever, brought in realizing sales, And
a large portion of the gains was lost. The
foreigners seemed to have most confidence
in the future of values for American
stocks, and this morning the London figures
showed material advances over prices of
Saturday, and this market Responded to the
improvement, which was helped along by
liberal buying orders from abroad. There
was no pressure to sell stocks, and while
there was little demand, the covering OF
"shorts'fkept the upward movement going,
but the lOaning rates for stocks show that
there must have been material reduction of
the outstanding short interest in the past
few days.
Opening prices here were generally from
ls to u per cent. better b Saturdays
closing figures. but Missouri Pacific was
exceptional, with a gain of 7s per cent, in
duced by the reports that there were to be
efforts made to improve the rates in the
Southwest, and at the same time give them
greater stability. The market remained
quiet, though Lead was active. The trusts
all opened materially higher, Sugar being
mp Il per cent, but there was no movement
of Importance In the list until toward noon,
when Chicago Gas, which had dropped
to 5sss. Renewed inquiry for the
grangers, in which London was very
prominent. resulted In an advance of
III in Rock Island. while Burlington and
the others gained fractional amounts.
After noon the general market was COM
pletely barren of feature, but the Big Four
stock rose 2 per cent, and the new c., c.,
G. d st. Louis preferred gained a like
amount. The rest of the list, however. dis
played steady strength, and the highest
prices were reached toward Up. NJ. The
realizations then began, and Atchison led
off with drop of l per cent. followed by st.
Paul, Missouri Pacific and trusts, Sugar
dropping 134. The market finally closed
quiet but weak at near the opening prices.
The final changes are irregular, but adj
vances are more numerous and declines are
for fractional amounts only, while Big
Four is mp los; g., C., &. q st. Louis pre-
ferred, 112; Sugar, III, and Lead. 13s.
Railroad bonds were again dull, and the
majority of the list showed no motion or
feature. In a few instances, however,
there were material declines established
from last previous sales among the inactive
bonds. The sales of all issues were only
S957,000.
Government bonds were dull and steady.
State bonds were dull and steady. Clos
inn unofafiopa wQra.