The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1889-07-23
CONDITION OF THE MARKETS
Wheat Dull, with a Nervous and Unset
tied Feeling, and Closing Higher.
Corn Firmer, with Moderate 0fierings-0ats
Steady, with No New Features-Hog
Products Active, and Closing Easy.
MONEY. STOCKS AND BONDS.

A Dull and Quiet Market, with Few Feat
ures-Further Declines I'm Trusts Noted.
NEW YORK. July 22.-Money was easy
at gas per cent. the last loan being made
at 21a, closing offered at 2.
Prime mercantile paper, 4si06l2 per cent.
Sterling exchange quiet and steady at
s4s6 for sixty-day bills and $4.s7s4 for de-
mand.
The total sales of stocks were Isl, $50
shares, including the following: Atchison,
81, 76o Delaware. Lackawanna g. Western,
$3.50; Missouri Pacific, 1886; Northern Pa
cifc preferred. 9O25; New England, 1O,5OO
Reading. 25,42O; St. Paul, 1890; Union Pa
cifc 6,77O.
The week on the Stock Exchange opened
with dull and declining market. though
considerable irregularity and feverish-
ness marked the trading. and the
final changes for the day are gen.
orally fractional and very irregu-
lar The same influences which made the
market so weak on Saturday prevailed at
the opening and first prices were from lslD
80 per cent. lower than Saturdays closing
figures. The traders and professionals
were still inclined to hammer the list,
while commission people were doing moth
ing. and there were few London selling
orders in the market. There was some buy
ing for Western account. however and it
was noticed that there was more inquiry in
the loan crowd for the Western stocks
while in all the leading stocks there was
evidence of better support, and after the
weak opening the market became quite
strong, though the movement was OF slight
importance. The improving tendency was
hampered by the weakness in the trusts in
which several stop orders were uncovered,
the special cause of the decline being the
decline in beet sugar in Europe, Sugar
scored net decline of 2aS per
cent. in the first hour and the
others lost fractional amounts The
official denial of the Saturdays
story of the sweeping reduction in Missouri
rates was received, and turned over some
of the traders to the long side, which lifted
the general list to something about first
prices. Missouri Pacific leading. The high
est prices were generally reached shortly
after noon, when 1t was announced that
the Missouri commissioners had ordered
reduction in some rates, and Missouri Pa
,ific quickly lost all the improvement of
the forenoon, and the rest of the list. while
subsiding into intense dizziness, showed a
sagging tendency. The traders again at
tackled the list later, and toward delivery
hour the downward movement became
more pronounced. The new c., c., &. a.
st. Louis stock, however, showed marked
strength, and advanced per cent from its
lowest price. In the last hour there was
less business, but prices rallied a little, and
the close was dull but fairly steady at IT.
regular changes of small fractions from the
opening prices. Sugar Trust is down ia,
and Northern Pacific, which suffered from
a rumored issue of SIS, 900 900 debenturs
bonds, 1ls, while c., c., G. & st. Louis
rose ia.
Railroad bonds showed no change from
the conditions which prevailed last week,
though there was some more animation
than at that time. The tone of the market
was weak. however and the Hooking VAL
lev s;xes took the lead in the decline The
fives were most active, and furnished S104,-
600 out of the total days transactions of
1895 ZOO, and were very well held. st.
Paul, sevens lost 37s, at ISIS; Erie funded
fives 2l2, at S9l2.
Government bonds dull and steady.
State bonds dull and heavy. Closing
uuotations were.