The Indianapolis journal., 1889-06-27
CONDITION OF THE MARKETS
ASpeculatiye A Day in Wheat with Rapid
Fluctuations and Higher Prices.
Corn Moderately Active and Easier--Oats Easy
at Inside Fgures--Hog Products Strong
er with Slightly Better Prices.
The Market Irregular and Weak, Winding I
With Fractional Losses Throughout

The Market Irregular and Weak, Winding Up
With Fractional Losses Throughout
NEW YORK. June 26.-Money on call was
easy at 2l2G5 per cent, the last loan being
made at 21a closing offered at 2.
Prime mercantile paper 3s405l2 per cent.
Sterling exchange quiet and weaker. with
actual business at S4.s6l2 for sixty-day
bills, and a SSlo for demand.
The total sales of stocks to-day were 49,
s74 shares. including the following: Atehi-
son, 1885; Delaware, Lackawanna & West
ern, 20.240: Lake Shore, 1870; Missouri Pa
cific, 8, 760; Northern Pacific preferred, 3155;
Reading, 4O.340; Richmond g. West Point,
4,621.
The stock market to-day was quite irreg-
ular in its course. but finally ended gener-
ally weak at fractional losses from last
evenings figures. The trusts were again
more active than the railroad shares In the
morning and decided weakness was shown.
especially in Sugar, which was sold heavily
for the long account. Opening prices were
generally higher than last evenings figures,
but cnly Reading, which was freely sup
ported by the pool. and Chicago & Eastern
Illinois common showed any strength on the
early trading. The trusts at the time were
very active and feverish. while Sugar was
extremely weak on the rumor that the de-
would be handed down tomorrow, and in
all probability be unfavOrable. It dropped
TO 113 from 11734 last night, but after that
there was a better feeling all around and it
rallied TO the neighborhood or 115, rising
later to 1864.
There was little news upon the railroad
situation, and the regular list settled down
TO dullness and stagnation. and the trusts.
after the first excitement was over, became
comparatively dull and soon fell behind
the stocks of the regular list in point Of
activity. Toward noon more decided
strength was developed in the market. and
Rock Island became the leader. rising over
I per cent, in which Improvement the
principal feature Of the market, however,
until toward delivery. hour. when there
was o batch of disquieting rumors
from the West, and at the same time the
ments for interest and dividends, was
felt in the hardening tendency in money,
the rate on call going up to per cent,
which precipitated another downward
sold up during the day, suddenly gave way,
and San Francisco preferred dropped 8 per
cent. on very light transactions. The en-
tire list followed, New England leading the
list. and all the advances of the forenoon
were wiped out. and fractions in addition
were lost. The close was fairly active and
generally weak. Of unlisted stocks there
were sold las, ,594 shares. of which Lead Trust
furnished A,727; Cotton-Oil. 5000, and
Sugar, 81 .206. With the exception of the
loss of 23a per cent. in San Francisco pre-
ferred, the final changes in the regular list
are for fractional amounts only, with large
majority of declines, and In the unlisted de-
partment Sugar is down 2l2 and Cotton-oil
i7s.
The trading in railroad bonds amounted
to only $3.50, 900 to-day, and dullness was the
only feature. There was in general a firm
tone. however and most issues are slightly
higher this evening, and few of the active
bonds made material changes from their
last reported sales. Hooking Valley skies
rose 4, to 81; Cedar Falls & Minneapolis
frsts. 3l2 to "a; Missouri Pacific thirds, 2,
TO 100; South Carolina seconds. SD, to 55 4;
Ann Arbor & Grand Trunk first, 2. to 120,
and Ohio Southern incomes, Ala, to 55l4.
Government bonds were dull and steady.
State bonds were dull. and without feat
ure. Closing quotations were: