The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1889-03-08
CONDITION OF THE R K
Wheat Receivers from the Recent Decline
and Closes Somewhat Higher.
Corn Active and StrOnger-0ats Weak and
L~oWer-Brisk Trade in Pork at Irregular
Prices-Lard Weak and Unsettled.


The Market Very Dull, Although the Active
List Made Gains at the Close.
NEW YORK, March Mooney on call was
easy at a 3 per cent, the last loan being made
at gig; closing offered at 1Ia.
Prime mercantile paper. 4G6 per cent.
Sterling exchange dull but fairly steady at
S4.s5@ for sixty-day bills, and $4.sSa for de-
mand.
The total sales OF stocks to-day were IT,
AIS shares, including the following: Atchi-
son, 4,2Oo; Delaware, L~ackawanna & West
ern, $3.50; Lake Shore, $685.; Missouri Pacific,
4,157; OregonT ranscontinental, 400; Reading,
24,845; st. Paul. 27,545; Texas Pacific. 1885;
Union Pacific, 1920; Western Union, 5.025.
The market was, ON the whole, very duh, to
day, though a few of the leading shares, as
usual, maintained a fairly active trading, and
while prices were lower in the forenoon, a rally
occurred, and a majority Of the active shares
closed higher than last evening. There was very
little in the way of news which had a
positive effect upon values, but there was no
lack of rumOrs and stories which may have had
some influence to deter sales or purchases. The
tenor of these stories was much mixed, and while
Mr.. Walker was said To have accepted the chair
manshIp Of the Interstate Association, and a
representative of Drexel, Morgan & Co. was TO
enter the directory of st. Paul, the protest of the
Wabash against the new fast trains and it's
threats to reduce rates unless they were discon-
tinued. and the renewal of the uneasy feeling
In Paris, were equally powerful. Ex-Secretary
Whitney and others were said to have secured
control of the New York q Northern in the in
terest of the New England, and a large amount
of wheat taken for export helped along the good
feeling late in the day.
There was no disposition to buy In the early
morning, and the "bears" forced prices of by
attacking the coal stocks, and those shares,
especially Reading and Lackawanna, were
more active than for many days, but the
concessions made were only fractional.
st. Paul came in for some attention, but q new
'bull' pool was said TO be operating in that
stock, and its first price was its lowe st for the
day. There was considerable trading, also, In
Union Pacific, but its fluctuations were unusually
small, and the chief interest in the market was
conferred in a few of the specialties. The efforts
Of the "bears" brought most of the list down to
something below the opening prices, which were
generally from 1s to ss per cent. lower than last
evenings figures by noon, when the rumor that
Mr.. Walker had sent in his acceptance started a
rally, and the buying from that time out was bet
ter than the selling. The conspicuous weak
stocks were c., c., G. IL I. and ShOrt-line, and the
former dropped from TIA to 20. recovering only
a small portion of the loss in the afternoons
rally, while the latter, after opening up
1 per cent, at 81, and advan-
cling TO So, rapidly declined to sc.
Chesapeake & Ohio first preferred stock was
again conspicuously strong and active, scori ng a
material gain although the other stocks of that
company failed TO respond. Tennessee Coal was
the most prominent strong stock, and both the
common and the preferred made marked gains.
Perry Coal, however was also very weak on light
transactions. The highest prices of the day
were generally reached in the last hour, and the
market closed dull but firm.
Railroad bonds were Irregular, with no very
marked movements outside of the weakness In
the Denver IL Rio Grande sWestern assented
bonds, which lost 2 per cent, at SO. The sales of
all issues were 81 ,5O6. 900. The advances in
clude Evansville * indianapolis consOls, 2, to
Ill, and Wabash first ~extendeds, gig, to LA.
Government bonds were dull but firm
State bonds were dull and steady. Closing
quotations were: