The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1889-08-06
CONDITION OF THE MARKETS
Little or Nothing Being Done in the Way
of Speculation in Breadstuffs.
However, the Demand for Cash Wheat Con-
times Good, and the Market Holds Its
Strength Despite the Bears"
MONEY STOCKS AND BONDS.
Marked Improvement Throughout the Whole
Stock Exchange List.

Marked improvement throughout the Whoie
Stock Exchange List.
NEW YORK, Aug. 5.-Money on call was
easy at 264 per cent, the last loan being
made at 2. closing offered at 1a1l 2c.
Prime mercantile paper. 4s4G6l2 per cent.
Sterling exchange dull but steady at S4.S
for sixty-day bills, and S4.S7 for demand
The total sales of stock to-day were
22s, 96s shares, including the following
Atchison, 1855; Delaware. Lackawanna a.
Western. 134OO; Erie. 5,425; Lake Shore,
5.42O; Louisville and Nashville, 5.255; Mis-
souri, Pacific, 9.75O: Northwestern, 1884;
Northern Pacific, 6,265; Northern Pacific
preferred. $3.50; Oregon Transcontinental,
500; Reading, 1920; Richmond q West
Point, 5,36s; St. Paul. 1885; Union Pacific.
1850.
The stock market to-day seemed to have
shaken off the lethargy which has bound it
for SO long. and there was not only a mod
erately active business throughout the day.
but il was more evenly distributed than
usual of late. and the tone of the dealings
remained positively strong from opening to
tlose. In this movement the Chicago party
was given the credit of being the
leaders and the granger stocks,
In both activity and strength. The indica-
tions are that the upward turn is due to the
Increased movement III grain, which has set
in with considerable vigor. There was no
help from the foreigners, as this was a bank
holiday ip~LOndOn, but other outside CEN
ters sent liberal buying orders in their IA
vOrites, while the advance III quotations
was materially assisted by the covering of
shorts in all the principal stocks AS a
ti0ns. there was considerable trading in the
stocks which have been neglected
for long time, and these also
shared in the Improvement. The al,
almost all the leading shares made material
gains. The opening was made at advances
over Saturdays closing figures of from Is
to 81 per cent, and was succeeded by an
active and strong market; the only excep-
per cent. in the first few minutes. The
early dealings were also marked by sharp
upward spurt In Oregon Transcontinental
from 81 to 81 L, but this was all lost. with
something in addition. before the close. and
rumors of Mr.. Wizards selling out were cir
eulated. All the active stocks rose mater
tally in the first hour and Sugar Trust re-
covered its entire loss, and after
ward took the lead in the advance,
scoring "A handsome final gain. The
market Quoted down after 1 P. NJ,
out the upward movement Was continued,
though the trading became devoid of
feature beyond the sudden rise in Manhat-
tan from 92i2 to 95l2 on what appeared to
be inside buying. Sugar showed some
weakness toward delivery hour, but raj
lied again later. while the general list gave
evidence of some realizing in the last hour.
The market, however, closed quiet and
steady at about the best prices of the day:
The entire list is higher tonight and
Burlington rose 81. Lake Erie & Western
preferred. and Missouri Pacific 1os; st. Paul
13s; Chicago IL East Illinois, Big Four
new, Northwestern and Lake Shore Ia
each; New England lis Sugar Ia.
The Improvement in the market spread
to railroad bonds, and the business done to-
day reached S1,453,00O. though for the
greater portion of the increase the Chesa-
peake & Ohio fives and the Richmond d.
Albany firsts were responsible. furnishing
S3sOOO0 and S134. coo respectively. The tone
was also stronger. Gulf, Colorado Il Santa
Fe skies rose 2. to 6S. and Houston IL Texas
first receipts 2, to 127. Utah Southern ex-
tension sevens lost 2l2 closing mt Ill lo;
San Francisco, class b. g. closing at 11S,
and San Antonio q Aranzas Pass skies, of
1856, 2, closing at 81.
Government bonds were dull and steady.
State bonds were dull and without feat
ure. Closing quotations were: