The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1889-03-18
CONDITION OF THE MARKETS
Fair Business in Wheat, with Firmer
Feeling and Higher Prices All Around.
Corn Weaker and LOwer-0ats Fairly Active
but Unsettled-Pork Weak and Declining
Lard and Short Ribs Easy and Quiet.
MONEY, STOCKS AND BONDS.

The Market Active, with the Changes Evenly
Divided Between Gains end Losses.
NEW YORK, March 16.-Money on call was
easy, with no loans, closing offered at 2 per cent
Prime mercantile paper, Al a6l4 per cent
Sterling exchange was dun but steady at
81 s5ai for sixty-day bills and $4.6S2a for de-
mand.
The total SAFES of stocks to-day were 170,s53
shares including the following: Atchison, $500;
Delaware Laekawanna & Western, $500;
Erie 500; Lake Shore. $500; Louisville &
Nashville, 3.4OO; Missouri Pacific, $500; North
western, S,40O; Northern Pacific preferred,
$500: Oregon Transcontinental, 1900; Reading.
29,SO0; Richmond & West Point, 4,5OO St Paul,
1850; Union Pacific, 5000; Western Union,
400.
During the short session to-day the market was
again active, but better tone prevailed than
yesterday, and some stocks closed higher. Lon
don brokers here had large selling orders, and
from Chicago there were also heavy selling or
ders in the granger stocks, while the regular
commission people were doing almost nothing:
professional aspect, and the temper of the room,
especially i'll the early trading, was bearish TO q
high degree. The opening. transactions were
made on very active market, with first prices
down all over the list from ls0 - per cent, but
while the offerings were large the local bears"
the selling by London and Chicago to get in
a long line OF "shorts" put out In the
past few days, and the offerings were alb
first demand Stacked OF, however, there was
a decline TO fractions below the opening figures
and Cotton Oil and Tennessee Coal displayed
marked weakness, the former yielding IS per
cent. The buying began again shortly, however,
and was especially noticeable In the grangers,
all of which made material advances over their
lowest figures. Rock Island, St Paul, Atchison
and Northwestern were most prominent, while
the remainder OF the list moved over a fractional
range. Philadelphia Gas, however, recorded a
gain OF per cent. on light trading. The news OF
the day was not of special importance. and had
little effect upon prices one way or the other.
The market finally closed active and strong at
the best prices of the day. The final changes are
about equally divided between gains and losses,
but are for fractional amounts only, except in
Pullman. which rose per cent
The railroad bond market was very quiet, the
sales of all issues aggregating only 1922 900,
and the trading was absolutely devoid of feature
OF Importance. The tone was generally steady,
although few marked changes were made.
Among those which are higher this evening
Fort Wayne firsts rose 3, TO las. The sales OF
bonds for the week were only Sc, SIS, OO0 as COM
pared with 1925, 900 for last week.
The exports OF specie from the port Of New
York during tho past week amounted to 3d.
1920. OF which 81, 7s4, 500 was in gold and
S32S.730 silver. OF the total exports, 81 ,423,
400 in gold and $316,630 in silver went to
Europe, and 1851, 900 in gold and 81, 100 in sill
yer TO South America. The imports of specie
for the week amounted To S165, 946, or which
$114,3o6 was gold and S51 $40 silver.
Government bonds were duh and firm.
State bonds were dull and without feature
Closing quotations were: