The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1889-01-12
CONDITION OF THE MARKETS
On Liberal Offerings Wheat Falls. then
Rallies and Closes at Slight Loss.
Corn Rules Steady and Inactive-0ats in Fair
Request at an Advance-Pork Irregular,
Though Higher-Iard Stronger.
MONEY, BONDS AND STOCKS.
The Market Devoid Of Animation, Though
Advances Were Made i'm a Few Shares.

The Market Devoid Of Animation, Though
Advances Were Made in a Few Shares.
NEW YORK, Jan. 11.-Money on call was easy
ut 2la03 per cent, the last loan being made at
2ia per cent, closing offered at 2.
Prime mercantile paper, 5iso7 per cent
Sterling exchange dull but firm at $4.s for
sixty-day bills, and $4.ssl4 for demand.
The total sales of stocks to-day were 159. 200
shares, including the following: Delaware, Lack
awanna 81 Western, 1880; Erie, 17,44O; Lake
Shore, 7,O75; Missouri Pacific, 1878; Northwest
ern, 1861; Northern Pacific preferred, 8,057;
Oregon Transcontinental, 1852; Reading, H.
$50, St. Paul, 80, ESQ; Union Pacific, 1850; West
ern Union, 1892.
Except for a period of moderate activity In the
forenoon, the stock market to-day was equally as
dull and uninteresting as that OF yesterday. the
progress made by the railroad presidents and the
bankers In fheir task of restoring their properties
20 a dividend-paying basis did not meet with any
response from the spectators or the street, and
the market still waited for more pronounced
action, and the dealings were again almost
purely professional. This inactiOn, in the face
OF the general expectation that the action OF the
presidents yesterday would result IN marked
Improvement in values of securities, caused
much disappointment on the street, ana nad IL
not been for the liberal foreign purchases weak
market would probably have succeeded. Ihere
was no weakness apparent, however, even viii Win
the prevailing dullness and the traders at one
time thought that they detected buying from
Gould sources. but little evidence was SHOWN
mat any large interest was DONG any lnlnS anu
There was a slow but steady hardening OF values,
which carried prices in some stocks up
as much as 1 per cent: Inc lmProve-
ment was most noticeable In the grangers,
snd those stocks overshadowed all the restof the
list, although there was activity IN Er1e, WHICH
was bought largely for foreign account.
The market opened with a show or an1mation,
and first prices were all higher than last even
ing's figures, although the gains were connned 10
small fractions, except in the cases or Atchlson,
Burlington and Pullman, which were y, ana
per cent higher, respectively. Lackawanna
took the lead in the general upward movement
which followed, although its advance was only
81 per cent, and in others still smaller fractions
out and the market subsidized into the usual
dizziness. Later there was renewed of the up
ward tendency. and before noon all the active
list had again reached to above first prices. Inc
trading exhibited steadily declining volume,
however, and no progress was made until the
last hour, except in the grangers, or which 81
Paul was most conspicuous. Just previous to
the close there was more animation, and every
thing again moved slightly, the market closing
dull but firm to strong, at fractions better than
the opening figures. The entire active List Is
higher this evening Manitoba rose 17s, Rock
Island and Pullman each per cent
On the whole the dealings in railroad bonds
exhibited more features than those In shares, al
though the business done fell short of the totals
of the previous few days, reaching only 81 .7S4,
600. Erie seconds were again active, but failed
to move to any material extent, while the Colo
RADIO Coal skies developed marked animation and
strength, and recovered portion Of the losses
of the past few days. The Gulf, Colorado IL San
Ia Fe bonds resumed their advances, and to-
night are nearly up to the figures ee
$17I 900, the Colorado Coal skies, $126,0OO, and
the Atlantic Pacific fours, $97 900 to the day
total The general list was firm; but q few
marked gains were made, Gulf, Colorado San
ia Fe irsts rising 27s, to 1928, and the skies
Government bonds were dull and firm.
State bonds were dull and rather heavy. Clos
ing quotations were.