The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1889-04-06
CONDITION OF THE MARKETS
Wheat Active and Unsettled, with Lower
Prices for May and a Gain for July.
Corn Quiet but Firm-May Oats Fairly Active
at an Adyance-More Doing in Mess Pork
Lard Steady on q Limited Business.
MONEY, STOCKS AND BONDS.

The specialties Score Marked Advances
Transactions More Scattered than Usual.
NEW YORK, April 5.-Money on call was
easy at 3Le to 4 per cent, the last loan being
made at gig per cent, closing offered at 31a per
cent.
Prime mercantile paper, 4ie06ia per cent
Sterling exchange dull but strong at $4.s6%
for sixty-day bills, and $4.ss4 tor demand.
The total sales OF stocks to-day were 279,603
shares, including the following: Atchison,
.49.O7I; Delaware, Lackawana 81 Western, TO-
800; Erie, 1925; Louisville & Nashville, 1880;
Missouri Pacific, II 1900; Northwestern, 1880;
New Jersey Central, 400 Reading, 29,S00;
Richmond & West Point. 1925; st. Paul, 27,645;
Texas Pacific, ALSO; Union Pacific, 11,061;
Western Union, 3,175.
The trading in the stock N arket to-day gave
additional evidence of the complete change in
the speculative temper which has occurred in
the past two days, and the buying to-day was by
the most prominent houses, while the sellers
were principally the local ''bears," there being a
marked falling off in the selling orders received
from out of town, especially from Boston and
Chicago. The market was decidedly broader,
the dealings being extended to more stocks than
usual of late, and the leaders did not show such
a large proportion OF the aggregate transactions.
A notable feature was the resumption OF the
marked advances in the speciallties, of which
several have been dormant for months, and these
became conspicuous for their impro vement
There was a moderate volume Of business at the
opening, and first prices were gener-
ally from ls to 81 Per cent. higher than
last evenings figures, but except
in Jersey Central and Texas Pacific, the opening
prices were not maintained. The pressure was
not long maintained, however, as the d emand
for stocks became more general, and before the
end of the first hour the entire list rallied, and
was quickly brought up to something above the
opening figures. There was a large crowd trad
ing in Atchison, and 1t became the most active
stock on the list, the reports that the new names
to be voted for at the next meeting are very
strong ones, together with the fact that the clos
ing Of the books is set for next Tuesday, stimu-
lating the purchasing of the stock. The market
quieted down toward noon, but the upward ten
dency still continued, and in the afternoon
the movement became more pronounced,
with Missouri Pacific, Burlington, Rock
Island and Atchison specially conspicuous.
Later, the reports that the earnings
of st. Paul for the quarter would show an in
crease in the net of about 81 ,IO0, brought that
stock more TO the front, and itmoved up sharply
toward delivery hour. Louisvil lie & Nash
Vile was also higher, on the increase of IL per
CENT III LIS 01dTCu edTulugS, III db III Sdmo iuo
the coalers, which had been rather sluggish
throughout the forenoon, moved up with the
list. The market finally closed gu let but strong
at or near the best prices of the day. Among the
specialties which became conspicuous for their
advances were P%ittsburg 4 Western preferred,
preferred, Nickle- plate first preferred.
first preferred, while Ohio & Mis-
sissippi preferred and Oregon Improvement
were the weak points in the list. With a few
unimportant exceptions the active list is higher
tonight. Consolidated Gas rose Ole; st. Paul
preferred, 2; Atchison, Burlington and Missouri
Pacific. 14each, and North W a like amount.
Railroad bonds sympathized with the ANNA
ton and strength in shares to-day, and there was
a strong tone throughout the day, with a very
fair volume of business, the sales of all issues ag-
gregating 81 $685. 900, out of which the Texas
Pacific seconds furnished 1921 900, the Louis
vile d. Nashville fves S102. 600, and the Read
ing first incomes 100000. Although the mar
ket was strong. the gains recorded were gen.
orally for fractional amounts only, and among
the important advances Gulf, Colorado 81 Santa
Fe seconds rose 2, to 70.
Government bonds were dull and steady.
State bonds were entirely neglected. Closing
onofafiaps uaPa.