The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1889-01-11
CONDITION OF THE MARKETS
Wheat Changes Little Until Near the
Close, When 1t Suffers Sharp Decline.
Quiet and Easier Feeling in COrn-Oats Dull,
Weak and Lower-Mess Pork Steady at
Slight Adyance-IardaL Little Higher.
MONEY, BONDS AND STOCKS

Little Disposition to Speculate Until the Out
come of the Railway Conference Is Known.
NETWORK, Jan. 10-Money on call was easy
at 2lad3 per cent, the last loan being made at
gig per cent, closing offered at Dig.
Prime mercantile paper, 5ie07 per cent.
Sterling exchange dull but stronger, with actual
business at 81 So for sixty-days, and $4.6Sl2 for
demand
The total sales of stocks to-day were 106,6S6
shares, including the following: Delaware, Lack
awanna & Western, 1925; Erie, 4.910; Lake
Shore, 17,1o5; Missouri Pacific, 14,792; North
western, 3,545; Reading. $500; st. Paul, 2,o6O;
Western Union, 1907.
The stock market of to-day was in no respects
different from its immediate predecessors, ex-
cept that If anything the interest was even more
restricted, as the business was to the few lead
ing shares The market simply waited upon the
railroad conference; and the meagerness OF the
reports from that source was the occasion or
much disappointment to the would-be specula-
Which had anv effect fec WhsteVer upon the course
of prices. and the market was left more than
ever TO the mild manipulation OF the room trad
ers, who raided Missouri Pacific down IN the art
ernoon. but beyond that movement their opera
tons we're of significance. Pullman was
started up 2i points later in the day but tney
menfs The Gould stocks seemed to he most
prominent. but while Missouri Pacific displayed
weakening tendency from the first sales west .s
ern Union was firm and well held thronghout the
day. The coal stocks were quite neglected, the
dealings in Reading being the smallest for any
full day for many weeks, while the fluctuations
were on corresponding scale. st. Paul, as
usual, showed considerable ANIMATION, Out
moved within the narrowest limits with the rest
of the list. Cotton Oil, after opening at the same
figure that il did yesterday. advanced traction,
but afterward lost it all and retired to below It's
first price. The biturninOus coal shares were
more largely traded In than usual, and all dis
played an advancing tendency.
The opening figures were generally at slight
fractions above those OF last evening, and In the
early trading the advancing tendency was quite
pronounced, although, except In Western Union,
no material progress was made. missouri Pa
citc, however. was quite weak, and the rest or
the list followed, and before the end OF the first
hour had lost all the early gains Utter stagna-
transactions showed constant falling of until
the raid upon Missouri Pacific, when it dropped
over point in half hours time, though
the rest Of the list did not seem to feel
feeling afterward developed, and por
ton of the loss was recovered, but no special
feature marked the limited dealings, and the
market finally closed extremely dull and steady
at but slight changes from the opening prices
the downward direction. but except in Pullman
which rose 2i2. they are IN no case for more than
small fractions.
flsiIIrosi,l vOnds were again moderately active,
but outside OF the Gulf. Colorado IL Santa Fe
issues, which showed marked animation and
stronger line than for the past few
special feature. The tone of the transactions
in the general list was quiet and generally
steady, final changes for more than small frac-
tons being few iii number. The sales reached
S1,S19.000, of which the Gulf, Colorado & Santa
Fe skies furnished $215 900 and the firsts $751;,
600. There was change in the general i'm
preston as to the relations of the road to the
Atehison and the skies recovered pa per cent, to
73az, and the frsts, after opening down per
cent at los, fell off 112 per cent further, but
recovered later to 1922, a loss of only u. The
other changes are unimpOrtant.
Government bonds were dull but firm.
State bonds were dull and steady. Closing
quotations were: