The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1890-02-07
CONDITION OF THE MARKETS
Lower Values for All Grain Fixed by
Speculative Dealings at Chicago.
Wheat Active and Unsettled Most of the Day
Considerable Trade in Corn and Oats, with
Narrow Huctuations-Pork Easy.
MONEY, STOCKS AND BONDS.

Values Improve Slowly I'm the General List
Sudden Squirt of Monon Securities.
NEW YORK, Feb. 6.-Money On call was
easy, ranging from Sl2 TO 5 per cent, the
last loan being made at 4, closing offered
at 3.
Prime mercantile paper 4s406i2 per cent.
Sterling exchange quiet and steady at
SASH for sixty-day bills and S4s712 for de-
mand.
The total amount of stock sales to-day
amounted to 231 .22 shares. including the
following: Atchison, {, 720; Delaware. Lack
awanna * Western, 1880; Louisville d
Nashville, 14.6s5; Missouri Pacific. $500;
Reading, 81, 40; Richmond IL West Point.
3,0i5; st. Paul. $3.50.
to-day and displayed a firm tone through
out most of the day, though there was con-
siderable feverishness, especially IN the
forenoon, and some irregularity during the
entire session. The bears were not so
aggressive as usual of late, and their
feeble attempts to depress prices were met
by such resistance that, during the
afternoon, especially, they were more in
clined to endeavor to cover their Outstand-
ing shorts than to hammer the list. The
disguieting rumors from Chicago. which
have been so marked of late, were cOnspic-
uous by their absence. and the news from
London was of the most encouraging char
acte-. As a result. the coal stocks, espe-
eially the Reading and Jersey Central, were
much stronger, in the former especially
large blocks of shorts being covered. The
short interest IN Reading is still very large.
Though to-day the loaning rates were
easier. the price again crossed Al, and at
that figure a large block of stock was sup
posed to have been bought for
the short account, though the
support was evidently from the
lion Peel IafanH uynG SfrnnU-un Tn o.
at which figure there seemed to be plenty
of stock for sale, and il was not until late
in the afternoon that it got much beyond
1t, though 1t came back again at the close.
The bears talk confidently of another de-
cline in 1t if the general market gets weak
again, but there was also good buying IN
the stock to-day upon stories OF a deal
with an elevated railroad party who wish
10 use the tracks of the Rock Island in
Chicago. The foreigners were again active
10 Louisville IL Nashville. and it scored a
rise of a full point. though there was no
special activity in the stock. In the trusts
there was great strength shown by Sugar
on n comparatively small volume OF
business, and it rose from 56l2 to 50. re-
tanning most of the improvement at the
close. Lead was pulled both ways to-day,
and while there was n large business IN it
the fluctuations were small and little or no
progress was made as the result of the days
operations. Among the Inactive stocks
Manhattan was again conspicuous for Its
strength. being helped by the improved
prospects of the fair bill, and Louisville.
New AIbany& Chicago shot up suddenly in
the last nour, from 40 to Sill. closing at 81.
The rest Of the list were dull and without
feature of Importance. and the dealings in
cluded a smaller number of stocks than for
the past few days. The speculative
activity is still confined principally to
the operators for the short account.
but declines meet with such resistance that
the traders quickly take the bull side on
any appearance of a rally The final
changes to-day are generally advances, and
cent, New Jersey Central rose 2, Sugar
17s, Colorado Coal 1as and Louisville &
Nashville 1.
Railroad bonds were more active to-day,
and the number of issues traded in was
large and so we'll distributed that no special
activity was showni in any one issue. The
character of the dealings, however. was in
no way changed. and a steady to firm tone.
with small fluctuations, still prevailed. and
also advances are the more numerous to-
night. The important changes in quotations
are very few in number. Reading thirds,
convertiblss, rose 214, to 1875.
Government and State bonds were dull
and steady. Closing quotations were:
Four per CT. reg. -.1233sVC, b. & Q....-.1O8
Four Four R sna + IS S fsa.. 1osss c. G, St st. / /. { r tp1 pref. 4sss
Paciac 6s OF 95.+.1I6 Illinois Central. ...i1sia
Missouri ss 81 q las Lake La Ss Erie 2west.. isia
Tenn news set. 6s.. 1O71olL. f. & W. pref 49,. 664
Tenn. new set. 5s--102lsl Lake Shore.-----..1O6
Mutual Union 6s. -102 Michigan Central 9412
st. L.&I. N. gen. IS 81 Q. & Mississippi 21A
ST. Las +. gen .m.11l14l o. ~ NJ. pref. SO
Adams Express LOB Peoria, ID. & e.. 19ta
Aifon& !. H. 40 lPittsburg -------155
Alton & I. III. pr. 10 Pullman Palace. -.1s9
American Exp----115 u. s. Express SO
c. o. pref. list. Gil w, 81. I. &P.uref. 2Sa
Q. o. pref. 2ds-- 1885 W~ells-Fargo Ex.--140