The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1889-06-14
CONDITION OF THE MARKETS
Wheat Still Unsettled on Weather Re-
ports and Reported Manipulation.
Corn Easier and Weaker on Futures-0ats
Active, but Weaker-Hog Products Dull
with a Very Limited Demand.
MONEY, STOCKS AND BONDS.
A Quiet Market and a Reactionary Tendency
in Trading Throughout the Day.

a Quiet Market and a Reacttonary Tendency
in Trading Throughout the Day.
NEW YORK, June 13.-Money on call
was easy at 2G212 per cent, the last loan
being made at 212. closing offered at gig.
Prime mercantile paper, 3G5l2 per cent.
Sterling exchange quiet but steady 1t
S4.s7 for sixty-day bills, and S4.SS4 for
demand.
The total sales of stocks to-day were 224.-
075 shares, including the following: Atch-
ison, 1850; Delaware, Lackawanna 81 West
ern, $500; Lake Shore. $500; Louisville q
Nashville, 6,6O0; Missouri Pacific. 1870;
Northwestern, 4,650; New Jersey Central,
2,s7O; Northern Pacific. preferred. 1851;
Reading. (, $3.50; st. Paul. 1857; Union Pa
cific. $3.50; Western Union. 1851.
The stock market to-day was compare
lively quiet, less than a dozen stocks fur
nishing about seven-eighths of the entire
business done, while the temper of the
dealings was reactionary throughout the
day, and while the final changes are gener-
ally insignificant, they are in all but a few
instances in the direction of lower figures.
The buying in general was good and the
feeling was rather bullish. but the realiz-
ing tendency was uppermost for the time
being, and the offerings of stocks were sufti-
Gent to sag the list off slowly. The only
stock showing any real animation
was New England, in which there
was marked speculative buying,
though. as usual with the deals
in that stock, the street is somewhat mys-
titled by the movement. There was a squirt
of over 10 per cent. in the price of New
u.raD frov. ,fa l,ut rooDr1aA cole and ~
touched 265, which was said to be on the
passage of the bill in the Connecticut Leg
i~slature permitting the road to increase its
capital stock, which was interpreted In
some quarters as equivalent to permission
to purchase New England. But aside from
that the news of the day in regard to the
latter road was very favorable. The stock
moved up steadily and rose over 3 per cent,
finally closing at the best figures. The
coalers were much less prominent in the
market than of late, and the same may be
said of the grangers. The news from the
West was of a neutral character, and
the operators in those stocks seem to be
waiting. There were no marked move
ments in the low-priced shares and the
trusts. with the exception of lead, were
quiet. The selling in Lead Trust was very
marked, and the price was forced OFT about
1 per cent.
The opening was quiet and firm, but the
realizations, with some help from the bears,
impaired a reactionary tone to the deal
lngS Immediately, anu Wnlie only lineage
Gas showed any marked weakness, and
New England and Big Four were strong.
the list slowly sagged off from the first
prices and remained below them through
ont the day. Jersey Central and Sugar
Trusts later led the decline. but the NOV
nents were generally for insignificant
fractions. New England continued to rise
steadily, and acted as q check upon the
decline in the rest or the list, and
toward the close there was a somewhat
better tone developed in the general list,
but the early losses were not recovered,
and the market at the close was still barely
steady at fractional declines for the day.
The ina changes were generally In the di-
rection of lower figures, but the only inn
portant difference is In New England,
which is up gil per cent
The dealings In railroad bonds were cOm-
paratively large, reaching 81. 1880 but, as
in shares, a few issues furnished the greater
portion of the business. Richmond II Allie
gheny seconds contributed $235, 600; Denver
4 Rio Grande fves, $40, 600; Atlantic & Pa
cific tours, S156,000. and Denver 81 Rio
Grand fours, $4,000 to the grand total.
There was, however. more decided strength
to the market than during the past few
days. and the proportion of important adj
vance increased. Minneapolis& ST. Louis
seconds rose q. to so. and Toledo. Ann ArbOr
81 Grand Trunk firsts 8, to 113.
Government bonds were dull and steady.
State bonds were dull but firm. Closing
quotations were: