The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1891-07-18
CONDITION OF THE MARKETS
Chicago Wheat Was Dull and Lower,
Owing to the Bearish Situation Abroad.
Cables Showed s Decline at Paris, Liverpool and
London Equal to Cents Per Bushel at
the Latter Place-Pork Advancing.
Dealers VIII Be Greatly Worried If the Stag
nathan Confinues To Increase.

Dealers VIII Be Greatly Worried II the stag.
nation Continues to Increase.
NEW YORK. July I.-Money on call
was easy, ranging from 1l2 to per cent.
the last loan being made at 2, closing of
tered at per cent
Prime mercantile paper. 5lo07 per cent.
Sterling exchange was quiet and heavy
Mt SAL, for sixty day bills and S4.s6l for
demand.
The total sales of stocks to-day were TO-
10 shares intending the following: Atchi-
son. II. ECO; Louisville * Nashville. AGO;
Chicago Gas, 5000; st. Paul. 1880.
The stagnation In the stock market con-
tinues to increase. and those interested in
the present and prospective values
of securities are beginning to ask
anxiously how long will it last.
The situation contains only this one
discoursging condition. for while holders
and would-be buyers are confident
of improvements IN both activity
and range of prices In the fut-
ufe. the possibility of becoming tired
ont waiting for the advance deters buyers
and renders holders uneasy. The waiting
Is now caused principally by the uncer-
taintv as to whether the gold sent abroad
will return or not. and the still undeter-
mined extent of the crops. although that
both wheat and corn will be large no one
doubts. The dullness III the stock market
to-day was greater than on any day SO far.
The comparative activity in st. Paul and
the weakness developed In North American
were the only features of any kind shown
during the entire day. The opening was
fairly st.aiy, but intensely dull and
heavy to- was soon developed, but the
downward endency In prices was not of
long dilraiisB, absolute stagnation soon
settllne down on everything in the market
The cha u9e5 III the meantime were in
Significant IN all cases and 1t was
not until afternoon that the pressure
upon North American was brought TO bear
and it was not till toward r. NJ. alter the
taking of S3.OOO.0OO gold for export was an
nounced. that the best work of the bears"
WAS done. The announcement was the
signal for vigorous attack all along the
line. but the force was felt most severely
In Missouri Pacific. which dropped Ia Dor
cent. All the leading shares lost large
fractions. though the pressure Was main
tsinrd for short time only. The late
trading showed q lack of recuperative
power in the market, aud the close
heavy. practically at the lowest prices of
the day. The drive was accompanied by q
stocks attacked. Missouri Pacific to night
is down IA per cent. and North American 1
per cent. while most of the list shows frac-
tIonal LOSSES. large and small.
Dizziness in railroad bonds was TO an ex-
tent relieved by squirt in the Northern Pa
eiiic tyes. " Inch contributed $4,000 TO the
days total of SG72 Co., the only other active
issue being Atehison incomes. in which
So. 600 changed hands. The tone was not
p9onounceA and the final changes are as
usual insignificant even in the issues
named.
state bonds were dull and steady. Clos
ing quotations were: