The Indianapolis journal., 1890-10-03
CONDITION OF THE MARKETS
Wheat Opens Higher at Chicago, but Re-
tires to Wednesdays Closing Price.
Speculative Business Unusually Dull-Corn
Continues Weak-0ats Slow and Easy
Hog Products Steady.
MONEY. STOCKS AND BONDS.
Duliness Again the Ruling Feature of th
Msrket-The Feeling Rather Heavy.

Duliness Again the Ruling Feature of the
Market-The Feeling Rather Heavy.
NEW YORK, Oct. 2.-Money on call was
easy, ranging from 3 to per cent. the
last loan being made at 4l2 closing offered
ut 412.
Prime mercantile paper, 5s407 per cent.
Sterling exchange fairly active and firm
ut s4s1lo for sixty-day bills and S4.s6l2 for
demand.
The total sales of stocks to-day were 1885,
466 shares including the following: Atchi-
son. IL. 7S0 Delaware, Lackawanna & West
ern, 1886; Louisville q Nashville. 1914;
Missouri Pacific. Also; Reading, 12. 200; st.
Paul. 12.615; Union Pacific. 1850.
The stock market to-day has been duller
and more stagnant than on any day since
before the monetary stringency. and as far
as the course of prices is an indication
both sides are again waiting for develop
ments, with the usual accompaniment OF
dullness and it's alternate of bear attacks
upon the unprotected spots in the list. The
opinion is generally expressed that we have
not yet begun to feel the real effects of the
heavy Treasury disbursements of the past
month, and when that money really seeks
investment a large pTOpOfblOu Oh must
60 into railroad stocks and bonds. Rail-
road stocks to-day, however. were very un-
interesting, there being apparently no in
huential interest at work that can mako
any impression upon prices In either direc-
tion, and while, as usual. the dullness
induced the traders to take the short side
late in the day, the fluctuations
were confined to the smallest frac-
tlons. The long-delayed publication of the
Burlington & Quincy earnings for the
h rf Arru of N Anrr md
expected. they showed material loss from
those of last year, the decrease in the net
being SS49. 200. The effect seemed to have
been pretty well discounted, and after a
fractional rise, made in all probability to
sell on. q fractional recession occurred.
There was considerable selling of Sugar
Refnerles during the forenoon, and de-
cline of nearly Il per cent. was brought
about. RumOrs were afoat that the divi-
dend would not be paid. as the money had
been lost on suits. etc. The bears"
made the loss in earnings on the
Burlington the occasion of an at
tack upon the grangers in general.
and incidentally upon the general list, but
while Burlington lost 11a from its best
price Rock Island suffered as much, while
Sugar. which had been very weak in the
forenoon, showed considerable recupera-
tive power, and rose a fraction. The deal
feature of interest, and the close was very
dull, and heavy to weak at about the low
est prices of the day. The final changes
show q majority of losses. but they are,
for the most part, small fractions, the only
important ones being Pacific Mail 1as and
Sugar IA, while Wheeling & Lake Erie
preferred rose 1ls per cent, and with Chi
cago Gas was the only stoke showing any
real strength throughout the entire day.
The railroad bonds list was slightly more
active than usual of late, but there were
the usual slight changes, even among the
active issues. Only in Houston a. Texas
general certificates and the Union Pacific
four and-a- half per cents. were there any
movements of Importance. both being
weak in the extreme. The total sales
reached S941 600, out of which Atchison in
comes furnished S132. 900 and the Texas &
Pacific second incomes S120,OOO
Government and State bonds were dull
and steady. Closing quotations were: