The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1889-09-04
CONDITION OF THE MARKETS
Grain Prices Fluctuate Very Slightly
and Close a Shade Lower at Chicago.
Only Fair Speculative Business Transacted
The Pork Market Still Actively Manipu-
lated by the Clique.


A Great s'Buu" Day on the New York Ex-
change-Everything but Atchison Higher.
NEW YORK, Sept. 3.-Money on call was
easy at 2l2'06 per cent. the last loan being
made at per cent; closing, offered at 3 per
cent.
Prime mercantile paper. 507 per cent.
Sterling exchange quiet but steady at
s4s4l4 for sixty-day bills, and s4.S7s4 fcr
demand.
The total sales of stocks to-day were
376.0Se shares, including the following:
Atchison, 26.i0O; Delaware, Lackawauna
& Western, 6.9J0; Erie. 400: Hooking Val
ley. $500; Lake Shore, 1900 Louisville &
Nashville, 1O,sS1; Missouri Pacific. II 200;
Northwestern. 1900; Northern Pacific, 17.66s;
Northern Pacific preferred, 44.6O0; Oregon
Transcontinental, 24.7O0: Reading, 7.1OO
st. Paul, 36,4O0: Union Pacific, 4,765; West
ern Union, CLIO.
The stock market to-day was moreactive
than ON any day during the past three
months, and the strength in the leading
stocks was very pronounced, approachin g
buoyancy at times, though the general list
was more quiet and moved over a compare
lively narrow range. The buying. especially
in the forenoon, was very marked for both
sides of the account The Chicago party
was very prominent, making the grangers
and, of course the Northern Pacifics, the lead
ing features. The Northern Pacifcs were
again strong, and in the early trading
made most marked advances. Oregon
Transcontinental was carried up in
of the plans of the company. Arumor that
the Chicago, Burlington d Northern would
be finally absorbed by the Burlington u
Quincy this week caused smart upward
movement In the last-named stock, and
while there was no confirmation of the
story in any way, the greater portion OF the
improvement was retained at the close.
Rock Island was also a favorite and jumped
up 2 per cent, while St Paul and North
western were comparatively sluggish. the
former being even weak on the disppoint-
ment over the fact that the gains in net
earnings for July were smaller than ex-
pected- The Gould stocks were in good re-
quest, and Missouri Pacific became active
and strong, followed by Wabash. Atch-
isOn was the one weak feature of
the day, but the weakness seemed to have
little or no effect upon the remainder of the
list, and 1t is the only stock showing any
material loss as the result of the days bust
ness. The news was not of a character to
have much effect upon prices, though 1t
was rather of unfavorable tenor
The attendance at the board was larger
edly bullish. At the opening there was
great eagerness to buy, and first prices
were materially higher than Saturday
closing figures. the advance extending
to I per cent. The most marked
upward movement was started
Immediately in the Northern Pa
cihc. Burlington d Quincy and Hooking
Valley, with Oregon Transcontinental, Mis-
souri, Pacific. Rock Island and specialties
following. Wisconsin Central and Michi-
gan Central also became prominent to-
ward noon, when the movement among
the stronger stocks became less pronounced.
A reaction was had III the afternoon.
though in nothing but Atchison and ST.
Paul was there any real weakness. A move
decided increase in the amount of business
done, was the special feature. Several
specialties were strong. and scored material
advances. The excitement in the market
died away completely in the last hour,
and the close was quiet but firm.
The entire active list. with a few unimpor-
tant exceptions. is higher tonight, and
common. l, Manitoba, and Burlington f&
Quincy, ia; Oregon Transcontinental, 1ss;
Rock Island and Hooking Valley, Ia;
Union Pacific, liz. Atchison is 1 ls per cent.
lower.
The railroad bond market was Quiet. the
sales reaching Sl,057.00O, of which the Hook
ing Valley fves contributed 210O,O0. The
with that of stocks and remained strong
throughout. The Hooking Valley issues
were the only marked feature. and the
skies scored another handsome gain.
Government bonds were dull and steady.
State bonds were dull and featureless.
Quotations were as follows:
-Four per ct. reg -127 &C., St L. & P.---.. Isle