The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1889-07-17
CONDITION OF THE K
WheatStrongerand Higher Under Spec
ulative Influences and Receipts.
Corn Firmer with q Good Shipping Demand
Higher Average Prices for 0ats-Pork Prod
ucts Lower and Fayoring Buyers.
MONEY, STOCKS AND BONDS.

A FeatureIess Market, with the Exception OF
Slight Gains I'm a Few Railroad Shares.
NEW YORK. July 16.-Money was easy at
2l263lo per cent. the last loan being made
at 8, closing offered at 5.
Prime mercantile paper 4l266l2 per cent.
Sterling exchange quiet but steady at
S466 for sixty-day bills, and S4.S74 for de-
mand. The total sales of stocks to-day
were 1l5,67s shares, including the follow
ing: Atchison, 12.615; Northern Pacific pre-
ferrec, 1869; Reading. $500; ST. Paul. A.
625; Union Pacific, $500.
To-day was midsummer day, and the
stock market was certainly of the midsum-
mer order, being dull and stsgnant almost
from open to close. and the results OF the
days trading are generally OF
but slight Importance. There were a
few exceptions, however. and these
few stocks gave what character there was
to the market. London was doing nothing
the opinions upon the street showed q wide
divergence IS to the immediate prospects of
the markets.. The traders were waiting to
see what the leading bears" were going to
side of the market as on the part of the
bulls" and a practical stand-still was the
result, except for the shares which were
affected by causes peculiar to themselves.
The opening was very tame and irregular,
the changes from last evenings prices
ranging up to3 per cent. either way. The
succeeding transactions were entirely I'M
interesting in the general list, and after Q
slight Improvement there was a fractional
decline: led by Lead, with a loss OF g per
cent. Among the usually active stocks,
however. the Northern Pacifics became
prominent, both for activity and strength,
and under the lead OF these shares an up
ward movement was soon in~augurated.
The reports were that there was to be q
dividend of 3 per cent. declared at the
meeting this week, though there was no
foundation for the rumor. 1t was, how
ever, sufficient to advance the preferred
it could not retain. and it closed at on ad-
vance of q small fraction only. The other
strong point in the market was the stocks
of the Big -Four and c., c., C.. g. l., and the
new stocks of the consolidated company,
and the reports of the very satisfactory
were sufficient to quickly run all of
them up over 2 per cent. In the
general list the dullness increased as
the day wore along. and movements in
prices almost entirely ceased until the last
hour. when the usual realizations and a re-
port that some gold had been engaged for
shipment, had the effect of sagging the list
off from the best prices, and the close was
ing's figures, being dull and steady. The
changes in the general list are irregular
and Tor small fractions only, but Big Four
rose gig; c., c., C. 81 l., 2ss; c., c., C.& st.
Louis, 212, and the preferred. H.
Railroad bonds reflected the same lack of
interest that was shown in the share list,
and the sales of the day were the smallest
for any full day for many weeks. reaching
only $691 900. The dealings presented no
feature whatever.
Government bonds were dull and rather
heavy. Closing quotations were: