The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1889-03-17
CONDITION OF THE MARKETS
Fair Business in Wheat, With a Firmer
Feeling and Higher Prices ALI Around.
Corn Weaker and Lower-0ats Fairly Active
but Unsettled Pork Weak and Declining
Lard and Short Ribs Easy and Quiet.
MONEY, STOCKS AND BONDS.
The Market Active, with the Changes Event,
Divided Between Gains ynd Losses

The Market Active, with the Changes Evenly
Divided Between Gains end Losses.
NEW YORK, March 16.-Money on call was
easy, with no loans, closing offered at per cent.
Prime mercantile paper, AZ 614 per cent.
Sterling exchange was duh but steady at
$4.s5% for sixty-day bills and S4.saa for de-
mand-
The total sales Of stocks to-day were 170,s53
shares, including the following Atchison, $500;
Delaware, Lackawanna d Western, 1900;
Erie, 800; Lake Shore, $500; Louisville &
Nashville, 3,400; Missouri Pacific. $500; North
$500. oregon Transcontinentai, 1900; Reading.
29,e00; Richmond & West Point, $500; ST. Paul,
1880; Union Pacific, 5000; Western Union,
During the short session to-day the market was
again active, but better tone prevailed than
yesterday, and some stocks closed higher. Lon
don brokers here had large selling ORDERS ard
from Chicago there were also heavy selling Or
Gers In the granger stocks. while the regular
commission people were doing almost nothing.
The transactions throughout had most decided
professional aspect, and the temper of the room,
S pS a IA tns early trading; was bearisn 70
made on very active market, with first prices
down all over the list from ls95s per cent. but
while the offerings were large the local bears"
and traders took the opportunity afforded by
the selling by London and Chicago to get in
a long line of shorts" put out in the
past few days, and the offerings were abb
sorbed, sending prices up. slightly. When the
FIRST demand SACKED of, however, there was
decline to fractions below the opening figures
and Cotton Oil and Tennessee Coal displayed
marked weakness, the former yielding 1ss per
cent The buying began again shortly, however,
and was especially noticeable In the grangers,
all Of which made material advances over their
lowest figures Rock Island, st. Paul, Atchis0n
and Northwestern were most prominent, while
the remainder OF the list moved over q fractional
range Phiiadelphia Gas, however, recorded q
gain Of 3 per cent. on light trading. The news of
the day was not Of special importance. and had
little effect upon prices one way the other
The market finally closed active and strong, at
the best prices Of the day. The final changes are
about equally divided between gains and losses,
but ara for fractional amounts only, except in
Pullman, which rose per cent
The railroad bond market was very quiet, the
sales or all issues aggregatfng only $500, 900,
and the trading was absolutely devoid of feature
of Importance. The tone was generally steady,
although few marked changes were made.
Among those which are higher this evening,
Fort Wayne f1rsts rose 3, to las. The sales of
bonds for the week were only SO, 519 900, as COM
pared with 80, 273 900 for last week
The exports of specie from the port of New
York during the past week amounted to g.
lib, 230, Of which 81 ,7S4, 800 was In gold and
$685., $50 silver. OF the total exports, 81 ,423,-
400 In gold and $316,630 in silver went to
Europe, and 1851 900 in gold and $12, 100 in sill
yer to South America. The imports of specie
= for the week amounted TO S165,9 46, OF which
e114y306 was gold and $51 $40 silver.
Government bonds were duh and firm.
State bonds were dull and without feature.
Closing quotations were: