The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1889-07-27
MONEY, STOCKS AND BONDS.
Trading Rather Heavy, but No Striking Feat
ures-Big Four Advances.

lTdQlnk h6tncE htafyS Dut NJ 6tEiklnB CUT
ures-Big Four Advances.
NEW YORK, July 26.-Money on call
was easy at 1l293 per cent. the last loan
being made at liz.
Prime mercantile paper ruled at 4a406l2
per cent.
Sterling exchange was quiet and steady
at s4.s534 for sixty-day bills and s4.S7l4 for
demand.
The total sales of stocks were 17S, 132
shares, including the following: Atchison.
2O,66O; Louisville 81 Nashville, 7O5; Missouri
Pacific, 5000; New England, &c. $50; Reading.
81, 40; st. Paul, 81, $50; Union Pacific, 5000.
To-day was another almost featureless
day upon the Stock Exchange, though
the aggregate Of business done was
somewhat larger than that of yes
terday. The dealings, however, were
OH the same limited scale. except
in one stock. and the fluctuations
were confined to the same narrow range,
while the result of the days operations is
to leave the list with fractional changes
about equally divided between gains
and losses. The news of the day was of no
special Importance, the only rate cutting
being by the Denver, Texas & Fit. Worth,
while the general drift of the rumors cir
culated was bullish. London again showed
it's confidence In the values of American
stocks by sending higher quotations than
orr last nights figures and both London
and Chicago were buyers of their favorites
during most of the day. The commission
houses reported rather more orders from
the outside, and the temper OF the room
this morning was bullish for q turn, which
had the effect of opening the market at
generally from q to u per cent: higher
than last evenings prices, while Missouri
Pacific was exceptionally higher, with
gain of q and Northwestern and Jsr-
early dealings were extremely feat
ureless, though the c., c., G.. & st. l..
moved up sharply and soon scored hand
some advance. Later the movement ex-
Union Pacific and New England took the
lead in the upward movement, followed Ia
ter by Missouri Pacific and Atchison,
though in none of these was the advance
was the usual marked decrease in the
amount of business done, but the advance
met with no check, and toward delivery
hour most of the list were at the best prices
of the day. News came from Philadelphia,
surplus generals TO obtain money to COM
plete its contemplated terminals, and
a raid was made upon that stock,
which carried it down l per cent.
Lackawanna following. The movement
spread to the remainder of the list after
delivery hour and the whole market de-
clined. and in many cases the gains of the
forenoon were completely wiped out. The
market finally closed dull but weak at
near opening prices. There were no I'M
portant final changes whatever.
Dizziness still continues to increase in
railroad bonds, the total sales being 1858, 600
to-day but there was special animation In
the Reading tours, owing to the before-men-
toned rumOr, and they contributed $121 900
to the total. There was the same lack of
character to the dealings in the rest of the
list, and the important changes in quota
tons are few in number.
Government bonds were dull and heavy.
State bonds were dull and without feat
ure. Closing quotations were as follows: