The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1889-09-05
CONDITION OF THE MARKETS
Grain Prices Recede at Chicago on Dull
and Featureless Business.
European Quotations Have Depressing Effect
Supported by Local Observation-Disclosures
Pork Deal Still Interesting.
MONEY. STOCKS AND BONDS.


Considerable of Reaction I'm New York from
the Squirt of the Day Before.
NEW YORK, Sept. 4.-Money on call was
easy at 364 per cent, the last loan being
made at 3 per cent; closing, offered at per
cent.
Prime mercantile paper. 507 per cent.
Sterling exchange quiet and steady at
S4.s44 for sixty-day bills, and $4.S7s4 for
demand.
The total sales of stocks to-day were
291. 915 shares, including the following:
Atchison, II, $50; Delaware, Lackawanna q
Western, 1862 Louisville g. Nashville H.
s25; Missouri Pacific. 1900; Northwestern,
1926; Northern Pacific, 1895; Northern Pa
cifc preferred, 5O531; Oregon Transconti-
mental, 1888; Reading. 1920: st. Paul, "a
OBS; Union Pacific, 1850
The stock market to-day was less active
than yesterday, and at the same time
was more irregular and feverish,
with some marked movements in
the speculative favorites and the general
list traded in within narrow limits. There
was no marked change in the tone of the
market, however, and the underlying
strength of the situation was demonstrated
by the way in which prices were held up in
the race OF the QeaYy IealZat1OuS IN the
leading speculative stocks. London prices
this morning were lower, and there was
considerable realizing. which the cables
stated were from this side, but the opening
of our market was generally firm, and
Northern Pacific preferred opened close to
the best price for week past. The selling
In that stock, however, was very marked,
and the pressure in the early dealings was
so great that drop. OF q per cent. was
scored in the first few minutes trading.
The market was almost wholly in the
hands of the local traders, and London and
Chicago stood aloof for the time be-
ing, but there was fresh buying enough
to resist the influence of the drop
ly as the common stock displayed most pro-
nounced strength and soon scored rise of
ia per cent Later in the day. however,
both gave way under n the heavy pressure
of the day were made In them at the close,
the loss in the preferred during the last
hour being nearly per cent, though 1t
closed somewhat better than the lowest
prices.
The movements in the general list up to
p. NJ, were generally in the upward direc-
ton, though Louisville g. Nashville was
the only stock which showed any decided
ssss hate a in tine day u goal ssa1s
and Delaware * Hudson and Lacka-
wanna made decided upward movement
in the face of the weakness of the rest of
the list. The vanderbllts also displayed
some strength during the afternoon. and
served to counterfeit the general declining
tendency. The close, under the influence
of the free selling of the Northern Pacifcs,
was heavy to weak. The trusts were neg
lected. The final changes of note among
the stocks were advances of 27s in Della
ware & Hudson. and per cent. in Colorado
coal. and decline of 26s in Northern Pa
cific preferred.
Railroad bonds presented the same quiet
hra Nv nd
a few marked changes in quotations. The
sales reached $1,0l7,OOO, including $165,000
Denver and Rio Grande Western certif-
Gates.
Government bonds were dull and steady.
State bonds were dull and without feat
ure. Closing quotations were: