The Indianapolis journal., 1890-10-30
CONDITION OF THE MARKETS
Wheat Sells at Higher Prices Most of the
Day, but Closes Lower than Tuesday.
Corn Also Shows q Slight Net Decline and
Oats Follow the Same COurse-Hog Prod
ucts Quiet and Little Easier.
MONEY. STOCKS AND BONDS.
Prices Reach q Still Lower Level I'm Wall
Street.

Prices Reach Still Lower Level in Wall
Street.
NEW YORK. Oct. 29.-Money on call was
easy, ranging from to 8 per cent. the
last loan being made at 3 per cent. clos
ing offered at per cent.
Prime mercantile paper. casper cent.
Sterling exchange quiet and easier at
e.. .sOaa for sixty-day bills and $4.S534 for de-
mand
etotal stock sales, to-day, were 2S4, :
GA shares. including the following: Atch-
ison. 90 40; Delaware. Lackawanna q West
ern. 4.5O0; Louisville a. Nashville, 1872;
Missouri Pacific, 5,035; North American. II. :
925; Northern Pacific preferred. Ia, GAO; Read
ing, 3,410; Richmond & West Point. $50;
St. Paul. 35. .155; Union Pacific, 16.410.
The stock market to-day showed no ma
terial change in It's general characteristics
from the past few days and there was the
same professional trading. the apparent
willingness of the large holders of stocks to
let them take care of themselves and the
same disregard in its movements of the in
fiuences which should legitlmately tend to
the enhancement of values. The general
list, as usual. Is dull and comparatively
stagnant, while the efforts of the operators
for a decline were directly applied
to few stocks which proved
specially vulnerable, and in those
shares material losses were suffered.
Again the falsity of the stories of
by the passing off of the settlements with
out failure of any kind, although iu was
stated that assistance had TO be accorded
IN some cases. London. however. was not
factor in any way in this market. and the
operations for London account were few,
and confined to arbitrage operations al
most entirely. On the other hand, Boston
was heavy seller. and the stocks in which
1t was most interested were especially
weak. The announcement of the decrease
IN the net earnings Of the Burlington for
September was followed by sharp attack
upon that and the other grangers, which
brought prices down TO the lowest of the
day, and III many cases to the
lowest seen In months. Sugar Refiner-
les, after sharp upward movement,
IN the forenoon, which seemingly had the
effect of postponIng the attack upon the
general list until the afternoon. remained
dull and featureless, but was held at the
best prices for the remainder of the day.
Chicago Gas fell away In the forenoon
about per cent, but the announcement of
the decision from Chicago that the CON-
pany had no right to buy or to hold the
stocks of the other companies was received
with apparent indifference. and the stoc K
recovered all of it's loss with the remainder
of the list. st. Paul was one of the weakest
stocks. and showed less recuperative power
than the rest of the granQers, ,notwithstand-
latter, however, was of some influence upon
Union Pacific, which was well held in the
forenoon and later displayed considerable
strength. The opening was made at irreg-
ular changes from last nights figures. and
the early trading developed q continuance
of the depression of last evening. but the
sharp rally In Sugar carried the list along
with 1t, and but little further weakness
was seen during the forenoon. The raid
upon the grangers after u o'clock, how
ever, took the vim out of the market, and
the lowest prices of the day all along the
hne were reached at about ] p NJ, and
when the pressure was removed dullness
and stagnation were the features. Until
the last hour. when covering of shorts"
again moved prices up. and in most cases
the final figures are only slightly
below those of the opening, the
close being firm at the Improvement, st.
Paul touching 557s. closing at SOS, a loss of
Ia, and Northern Pacific preferred is Off /
per cent. The remainder of the changes
are generally small lossas, though Sugar
and Union Pacific are both fractiOnally
higher.
Railroad bonds are more active, but ont
of the 81 81 900 of business Texas Pacific
seconds furnished $27O,OOO. The latter were
weak throughout, and the general market
displayed a heavy tone, though while there
are majority of losses, the final changes
are still generally for Insignificant amounts.
Government bonds were dull and steady
State bonds were dull and without feature.
Closing quotations were:
Four per CT. reg---124 &C., st. L. & P-.---- ISIS