The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1889-07-25
CONDITION OF THE MARKETS
Only a Moderate Degree of Activity in
Grain and Produce Yesterday.
The Bears" Have Their Innings, the Lower
Prices Being Based on Favorable Western
ReDorts-Pork Weaker, Lard Higher.
MONEY. STOCKS AND BONDS.


Big Four and G. & o. Active
NEW YORK, July 24-Money was easy
at 2G3 per cent. the last loan being made
at 90, closing offered at 2l2.
Prime mercantile paper, 4s4061a per cent.
Sterling exchange was dull and steady at
S4.s6 for sixty-day bills and $4.S734 for de-
mand.
The total sales of stocks were 160047
shares. including the following: Atchison,
13, 256; Delaware, Lackawanna & Western.
$500; New England, 5.160: Reading. A.3O0
The stock market showed no signs OF get
ting out of the rut of dullness into which
IL has fallen, and the transactions to-day
were on the same limited scale az usual of
late. While the tone of the market was
strong at first. it became weak later In the
day and the early gains were lost. The
market followed in after the lead of Lon
don at the opening, and first prices were
generally from g to % per cent. higher
than last evenings figures. but the strength
soon gave out, and for the rest of the fore
noon there was o dull and unsatisfactory
market, without feature or animation. The
most prominent characteristic of the mar
ket was the buying of London houses, and
their purchases are estimated as high
as 5000 shares, but the enthusiasm
of the local operators soon abated.
and after the first demand had been salts
fed dizziness and stagnation were the order
of the day. Chesapeake 81 Ohio firsts pre-
ferred were the only really strong stocks,
aud, after rise of about per cent, 1t re-
acted and lost most of the Improvement.
The c., c., G. IL st. Louis stocks were also
active, but their movements were confined
to a narrower range than during the past
few days. IN the afternoon the bears"
made demonstration against the coal
stocks, and Reading in particular, the
rumor being that the earnings for June, on
account of the late floods, would show q
decrease of from $250,000 to $400, The
impression got abroad in the room that
long stock was coming out. which started
the, traders to selling. and tho stock was
& The otSar edaers ps snd sspecaS
Lackawanna, sympathized and the selling
extended to other portions of the list, the
grangers coming in for liberal share of
attention, though st. Paul was well held at
There was an effort to recoup the sales of
the previous hour toward the close and a
sharp rally occurred, Reading. reactin g
q and others in proportion. The
tionai losses s for the day. ' The final changes
are somewhat irregular but generally in
the direction of lower figures, and are for
fractional amounts only.
Railroad bonds continue to show small
volume of business, with no feature to the
dealings. The sales of all issues to-day
reached only Sa54,00O, of which
$4,000 were in the Hooking Valley fives.
The temper of the market was somewhat
stronger than of late, but there was no de-
cided tendency of prices in either direction,
and the final changes are irregular and
generally for small fractions only. Hook
ing Valley fiS es rose 2. to 1854; Indianapolis
Decatur & Western seconds 2, to 40, and
Green Bay incomes 2l4, to 17l4. The
siren 9Th of the last named bonds was due
to the new plan of building a Southwest
extension, and by so doing TO get business
enough to save the road from bankruptcy.
Government bonds were dull and with
out change.
State bonds were dull and strong. Clos
in1 mot afi0na uera.