The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1889-08-08
CONDITION OF THE MARKETS
The ''Bulls7 Desist in Their Efforts and
Wheat and Corn Prices Drop Slightly.
The Cash Demand. However, Keeps Figures
Within Half Cent of the Day Before
Better Prices for Hog Products.


Excessive Dizziness Reigned in New York-C.
O. and Big Four the Active Stocks.
NEW YORK, Aug. Money on call was
easy at212d3 i2 per cent, the last loan being
made at 3. closing offered at &c.
Prime mercantile paper. 4s49612 per cent
Sterling exchange quiet but strong at Sf.5
for sixty day bills. and s4.s71o for demand.
The total sales of stocks to-day were
1898 shares. including the following:
Atchison, 1895; Missouri Pacific. $3.50;
Northwestern, 1896, Northern Pacific, pre-
ferred. 1910; Reading. 7,7S5; st. Paul. &c.
030; Union Pacific. 1870.
The stock market again showed loss, in
the amount of business. and specultion was
in that degree less interesting than those of
previous few days The market was irreg
ulaF. and prices at times sagged off slowly
while the movement in everything except
the few leading shares was confined
to the smallest fractions, and were gem
orally without special significance.
The belief gained ground that the bull
leaders were DESTROYS of shaking off some
of their too numerous small followers and
during most of the day did nothing and al
lowed prices to sag under the assaults of
the traders, while outside centers were also
seemingly doing little, though London
bought some of it's favorites, which bust
ness however, amounted to- small proper
tons. The Chicago people who were so
lately prominent III the upward movement
were conspicuous by their absence, and the
realizations included were sufficient to
check the upward tendency in prices. The
opening was generally firm. but while Della
ware IL Hudson were exceptionally strong
with rise of "a per cent. in but few cases
were the further advances of any moment:
Make Erie fsstn,s Western una preferred
iia per cent. and later rose
Il more. The Chesapeake g. lOhio stocks,
and c., c., c.. & st. Louis preferred,
also made marked advances. but outside of
these the market had dropping tendency,
which lasted throughout the forenoon. and
at IL O'Clock almost everything traded in
was slightly lower than at the opening.
After that time there was some support given
prices, while the selling slackened off, and,
while the market became extremely dull
there was firm tone to the dealings and
before Up. NJ. most of the list had reached
the highest prices of the day. and were
fractionally higher. Considerable anima-
ton was developed in Missouri Pacific d
st. Paul, but the rest of the list was quiet
to dull. There was a renewal of the selling
in the last hour, and prices again yielded,
but the tone, at the close was firm,
The only really active stocks
were st. Paul. Chesapeake IL Ohio common
and Atchison. The final changes are about
equally divided between gains and losses,
but are usually for slight fractions only,
the important advances including Chesa-
peake & Ohio. and Lake Erie g. Western
preferred. los each, and Chesapeake & Ohio
seconds preferred, 13s, while San Francisco
preferred sold off 134. t-
Railroad bonds were quiet, the sales
reaching 81 O00 and Kansas d Texas
skies contributed S1O6, 900, and Richmond &
Allegheny first receipts 100000 The mar
ket was generally firm, the only feature
being the strength in the Kansas 81 Texas
issues, and the final changes are small and
quite irregular. Kansas a. Texas fves rose
2. to 59l2-
Government bonds were dull and steady.
State bonds were dull and steady. Clos
ing dnofatiOnS We're: