The Indianapolis journal., 1890-07-17
MONEY, STOCKS AND BONDS.
Nobody interested In the Market-M Manipuls
ton of Sugar Trust.

Nobody interested In the Market-Manipula-
ton of Sugar Trust
NEW YORK, July 16-Money on call
last loan being made at 8, closing offered at
pig per cent
Prime mercantile paper 5G7 per cent.
Sterling exchange quiet and easier at
S4s412 for sixty-day bills and S4.SSl2 for
demand.
The total sales of stocks to-day were 12S,-
910 shares. including the following: Della
ware. Lackawanna & Western, TO- TO; Ore
gon Transcontinental. $3.50; Reading, H.
$50; st. Paul, 1,O1O; Union Pacific, S.1Oo.
The stock market at present is suffering
from q general apathy of operators
on both sides of the account. The
attendance of brokers at the board
and their customers at their offices
is of the slimmest kind, and no
one seems to care which way the
professionals move it up one day and down
the next, quite irrespective of the legiti-
mate influences which should govern the
course of prices. A small clique of bears"
are the only active element in the situation.
and they are afraid to increase their out
standing shorts too much. The bulls" are
waiting for a leader OF leaders who can
command sufficient following to make a
prolonged and aggressive campaign. but
they do not seem to be forthcoming, and
dullness and stagnation in prices results.
The effects of the silver bill for the present
have been seen, and the railroad situation
commands most attention, especially from
the bears and while the positive advices
OF the day were favorable, their possible
influence was neutraIiZed by rumor
from Washington that the Interstate Com
mission had resolved to reduce rates on
grain in the West. This caused heavy
feeling in the market throughout the great
er portion of the day, although it cannot
be said that there was any important
movement In prices because of 1t. The
usual dullness and practical stagnation
were still the ruling features, and in such
stocks as st. Paul and Rock Island, which
have been selected as the special objects of
the pressure, the fluctuations were scarcely
L. per cent. Reading was depressed 81 and
Missouri Pacific p, which were about re-
covered in the later dealings, when there
the forenoon, but the changes in the
other stocks of the regular list
are not worthy of comment. Sugar Rein
cries was again the special feature of the
day, and after squirt from Is TO 76A it
was dropped for no apparent reason to "a
and later to 1919. 1t, however is the only
stock traded in which shows decline at
the end of the day of more than a small
lTdctiOu. ItS loss DeluR IS per ccut. OIL
YER certificates were more largely traded
in. and while the price reached above no.
the fuctuation was small, like those in
stocks Among the specialties, Hooking
Coal, Oregon Improvement and Rio Grande
Western preferred showed strength on
small transactions, but the remainder were
stagnant. The market. after short period
of tirmness, closed heavy at about the low
est prices of the day. but only slightly
changed from last evenings prices
Railroad honda eYhi hitad the eoma dr, n
level of stagnation and on only S7S1 900 bust
ness, the changes were entirely insignifi-
cant, the temper of the market being steady.
The transactions lacked feature of any
kind, while San Antonio 81 Arkansas Pass Sos
lost 2l2. at "a. Louisville Southern firsts 2l2.
at S7l2 and Wisconsin Central incomes 8. at
IS. there was no apparent drift to prices.
Government bonds were dull and heavy.
State bonds were neglected. Closing quo
tations were:
EoItrr mar. 4 n 3