The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1889-07-31
CONDITION OF THE MARKETS
Cash and Speculative Prices for ALI
Grain Move Up Peg at Chicago.
"Shorts" Frightened by Spurious Gables
Shipping Demand Finally Pulls the Mar
ket Up-SOme Activity in Pork.
MONEY, STOCKS AND BONDS.

General Advance I'm Railway Stocks-Lead
Trust Certificates Drop.
NEW YORK, July 3o.-Money on call
was easy at 262l2 per cent, the last loan
being made at gig. closing offered at 21e.
Prime mercantile paper. 4l266l2 per cent.
Sterling exchange dun and weak at
s4S5 for sixty-day bills, and s4.S6s4 for de-
mand-
Total sales of stocks to-day were 161 ,237
shares. including the following: Atchison.
u,510; Missouri Pacific, 6,s60; Northern Pa
chic preferred, 600; Reading. 47,s40; st.
Paul, 1910.
The stock market was again dull to-day,
though there was considerable animation
in parts of the list, which brought the total
transactions up to something above those
of yesterday. There was also more de-
cided tone to the dealings, and material
advances were made among the lead
ing speculative stocks, with the exception
of Reading. There were many rumors in
regard TO the last-named company, but
none of them were corroborated. and, after
the first demonstration. they seemed to have
little OF no effect upon the stock. The re-
ports of the Northwestern and st. Paul
were positive bull arguments. and, with the
higher figures from London this morning.
there was a generally higher opening here,
most of the stocks traded in showing gains
of from Is to 3s per cent, while Northwest
ern was up 81 as the result of the statement.
Considerable pressure was brought upon
Reading and Atchison, and afterward upon
Lead Trust, the last-named being again at
fected by report of q still further increase
in the outstanding certificates, the amount
now being placed at S100,000.000. There
was nothing positive about either
of the weak stocks, however, and In
neither of the weak stocks did the concession
equal per cent, except In lead. Missouri
Pacific and the grangers were cOnsplcuousiy
strong during this time, and In the after
noon there was a renewal of the buying,
which had been checked by the reports OF a
heavy failure in Boston at the opening,
when there was also some selling for East
ern account. Reports became current that
the earnings of Reading for July would
show a handsome increase, and the market
became not only more active In all depart
ments, but decidedly strong as well, and
everything traded in almost moved up with
more speed, and Chicago Gas, Chesapeake
grangers were specially prominent in
the upward movement. Reading also Joined
the procession in the last hour, and the
market finally closed dull but firm at about
the best figures of the day. The active
stocks are higher this evening, and Chesa-
second preferred. ia; Northwestern, 1os;
and Missouri Pacific, 1ls.
Railroad bonds were still dull and
featureless though the tone of the market,
If anything. was little stronger than dur
ing the past few days, and most issues
traded in show slight gains. The sales
reached S755, 900. Chicago IL Milwaukee
firsts advanced l. to 126; Ohio. Indiana u
Western tirsts 2l2, to 40; w abash second GER
tificates lost ga, closing at 9914.
Government bonds were dull and steady.
State bonds were dull and featureless.
Closing quotations were: