The Indianapolis journal., 1890-06-10
MONEY. STOCKS AND BONDS

After n Weak Opening the Market Gained
Confidence and Higher Prices Resulted.
NEW YORK, June 9.-Money on call was
easy, ranging from 4 to 5 per cent, the last
loan being made at 4, closing offered at
per cent.
Prime mercantile paper 5G612 per cent.
Sterling exchange quiet but firm at
S4s4s4 for sixty-day bills and S4.S6s4 for
demand.
The total sales of stocks to-day were 273,-
f5z shares. including the following: Atchi-
son, IA, $50; Canada Southern. 3,45O; Louis
Vile & Nashville. 5.575; Missouri Pacific.
9.165; Northern Pacific preferred. 1900; Ore
aon Transcontinental. 90 25s Richmond q
West Point. q. 1856: Union Pacific. 7.0S5.
The stock market was comparatively
quiet to-day, and while inclined to weak
ness under the hammering of the room con-
tingent later developed a strong tone and
all of the early losses were regained. The
passage of the silver bill by the House OF
Representatives. on Saturday furnished
street to-day and there was some ex-
pectation that there would be q
little boom on the strength OF It. There
was some baying at the opening, wnlch,
with the limited offerings. had the effect or
opening the market up from Is to % per
cent, but the disposition among the ma
iority of operators was to await the action
of the Senate upon the matter, and the ad-
vance went but slight fractions further.
The trading element interpreted this rs an
indication of weakness, and made some at
tacks upon the list here and there, but ont
side of the trusts the impression MAIDS Has
slight, although some selling for Loup on
account depressed Oregon Transconti-
Central, st. Paul, Union Pacific, Rock
Island and one or two specialties large
fractions. Toward noon the announce
ment was made that passenger rates
lards were the first to feel the stimulus,
Oregon, Transcontinental moving up near
iy per cent. Richmond & West Point
followed later with similar gain and the
trusts rose handsomely from their lowest
points. The talk of the street has 1t that
Transcontinental is worth In the books
about %. but the prospects of dividends
after the reorganization Is said to be the
chief stimulating influence at present.
Richmond & West Point rose sharply and
the insiders would probably obtain control
of the Baltimore 81 Ohio. There was evil
dence of inside buying also. The general
revival of confidence, however, was shown
hour the traders who had been sellers IN
the forenoon took hold OF one
stock after another and aided
materially in advancing prices. The
trusts were not so active, but while
they showed some wide fluctuations, they
were on a smaller scale than usual of late,
and they fully responded to the late
strength in the regular list. The close
wac quiet and firm at only slight changes
from first prices. The final changes are
quite irregular and usually Insignificant.
but Oregon Transcontinental is up III pei
cent, and Sugar and Missouri Pacific per
cent. each.
Railroad bonds were quiet throughout
and failed to develop any special feature
tone, but there was no urgent demand al
any time. The trading reached only 81 PSI ;.
600. Among the advances Ohio. Indiana &
Western seconds rose 2 to 60; st. Joe &
Grand Island seconds, 412 to 52l2.
Government bands were dull and steady.
State bonds were dull and without feat
ltloainr afinna