The Indianapolis journal., 1889-06-13
CONDITION OF THE MARKETS
Wheat Unsettled and Nervous On Some
Rumors of Possible ManipulatiOns.
Corn Quiet and Inactive, but Firm-Oats Slow,
with Little FluctuatiOns-Hog Products
Weak and Lower All Around.
MONEY. STOCKS AND BONDS.

An Active Market ana builiSn II eeunG, with
Large Buying from Outside Points.
NEW YORK, June 12-Money on call
was easy at 203 per cent, the last loan be-
ing made at gig per cent, and closing
offered at gig per cent.
Prime mercantile paper, 3d5lo per cent.
Sterling exchange dull but steady at
s4.S7 for sixty-day bills, and S4.SSsa for
demand.
The total sales Of stocks to-day were 3tD.-
800 shares. including the following: Atch-
ison, 9.49O; Delaware, Lackawana o. West
ern, 2O.s96; Erie, $3.50; Lake Shore. 10,54O;
Louisville d. Nashville, 1855; Missouri
Pacific, 7,13o; Northwestern, 10,160; New
Jersey Central. 5,087: Northern Pacific.
preferred. 3.425: Reading. 90.S70; ST. Paul.
1850; Union Pacific, 4.l25; Western Union,
29Ss
The stock market again showed a gain in
the total amount OF business done to-day.
the greater portion of the time was firm to
strong, il was not fully maintained in the
later hours, and the final figures are some
thing of from the best OF the day. The
buying to-day was largely credited to out
ton and Philadelphia furnished their
quotas of orders. At the same time the
selling TO realize the profits accrued
upon the recent rise was very large,
and in. the general list this pre-,
have resulted from the liberal pur-
chases The temper of the room,
however, was decidedly buliish, and the
feeling was In great measure due to the
growing strength aud interest in the Van
derbilts the stocks which again to-day
were among the leading shares in point of
activity. The trusts seem to have retired
from the first place, and the coal stocks
occupied the first position from specnia-
tive point of view. Jersey Central, after
scoring further gain of 2 per cent. over its
best price of yesterday, felt the pressure
later and retired, losing all of its early i'm
prOvement. The purchase of the Adirondack
railroad by the Delaware a. Hudson was
the occasion of further spurt in that
stock. but, like Jersey, it could not hold
the advance. Lakawanna moved within a
comparatively narrow range and ended
the day with a small decline. but the feat
ure of the day was the renewed activity
in Reading, which road, it was said, was
making arrangements of value to the com
pany, and helped by the advance in the
price of coal made a material gain as the
ing in the stocks reached high figure, and
large blocks changed hands amid excite
ment at times.
The strongest stock on the list, however,
was Louisville & Nashville, in which the
dealings became larger toward delivery
hour and scored the highest advance
of he day. The grangers were not
neglected, though their movements were
made within a comparatively narrow
range, and the decision of the st. Paul to
abide by the ruling of the association no
doubt did much to maintain the strong
bullish feeling which prevailed among the
operators.
The opening was made at advances of
small fractions, except for Jersey Central,
which was up q, and, while the general
list was quiet, the interest was centered in
less than a dozen stocks. Material ad-
vances were made in those shares, however,
Vanderbifts, Louisville & Nashville, and
others. The coal stocks then became the
center of interest, and toward noon marked
advances were made by Jersey and Della
ware & Hudson. Reading followed in the
to show more animation. with fractional
gains all over the list. The realizations.
however, became very marked In the last
hour, and prices yielded all over the list.
Though ma marked strength rel t was S shown Tin in
nessee Coal, Louisville. New Albany &
Chicago, Denver & Rio Grande and some
others, the tone Of the close was rather
heavy at some concession from the best fig
ures. The trusts were less active and
showed but little strength outside of the
Sugar Trust, though among the other shares
Brunswick was more active than usual of
late and moved up to p. and Phoenix re-
tlreQ somewhat. Inc maj changes are
generally in the direction of higher figures,
though they were for fractional amounts
only, except for Big Four, which is up 112,
and Louisville & Nashville, which rose 1le.
Railroad bonds were again active.
though the large aggregate of the sales
was principally due to the increased inter
est in the Reading securities, and out of
the total days business of $3.50, 900. the
Reading first incomes contributed SSS3. 200;
the fours, S294, 900, and the second incomes.
S165.0O0. The Atlantic & Pacific fours were
also very active, and their sales amounted
To S161, 900. The general tone of the deal
ings was again firm, but the changes in
quotations were very slight. and the i'm
portant gains and losses are few in number.
The most marked movement was the fur
ther advance in the Chicago & st. Louis
consols which rose 2, to 80, but which so
lately were quoted at 30, net gain of per
cent. This rise is based entirely upon the
recent decision of Judge Gresham. which
confirms the lien upon the road, subject to
a claim of only 10000.
Government and State bonds were dull
and firm. Closing quotations were:
Four per CT. reg. .12sl4lLake Erie Il West. 19ls
Dare lOQlxlI. l.