The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1891-07-09
CONDITION OF THE r K
Rumor at Chicago that Farmers Will
Holdthe Present ROY for aStiff Raise.
This, Together with Bradstreetis Report Of l..
$4,000 Bushels Shortage East Of the
Rockies, Afforded the Bulls" q Profit.
MONEY, STOCKS AND BONDS.

Dizziness Increasing and Trading Almost
Entirely Devoid of Feature.
NEW YORK, July S.-Money on call
was easy, ranging from to clipper cent, the
last loan being made at 2. closing offered
at2.
Prime mercantile paper, 5l2G7 per cent
Sterling exchange was dull. but steady
ut s4.s4s4 for sixty-day bills and S4.S6l2 for
demand.
The total sales of stocks to-day were H.
tS7 shares. including the following: Atchi-
son, 4.3lO; Chicago Gas. S.0S4; Delaware.
Lackawanna & Western. 1900; Louisville
d Nashville. 1920: st. Paul. 1870.
The dullness In the stock market contin-
ned to increase and the trading was almost
entirely devoid of feature. The movements
in only q few stocks possessed any sigDl6-
canoe whatever. There was. consequently,
no tendency in either direction among
prices. and the fluctuations were perceptl-
BILE oniy In the leading shares. The trad
ing. such az il was. was entirely local.
neither London nor Chicago doing anything.
and the indications point to the fact that
the late limited buying has been
principally by the trading element to cover
outstanding ''short" contracts. The point
10 made that while we may sell grain and
produce In large quantities TO the foreign
ers this season, they are not likely TO take
any securities under the Industrial and
financial conditions now ruling. and. there
fore, the promoters of q "bulP market must
reckon without the probability of help
from that source. But If London be not q
buyer. 1t is also not q seller at present and
foreign holders are as tenacious of their
securities as those nearer home. so that any
interference from that quarter Is also not
TO be looked for. The dealings to-day were
more than usual of late, limited to profess
sioDal operations and only In ST. Paul,
Louisville, Atchison and Chicago Gas was
there the slightest interest attached to
them. Chicago Gas was depressed by the
selling of the trading element accompanied
by rumors and stories of opposition to the
company to be started, and Louisville was
advanced by much the same means. ST.
Paul showed . r~emarksble decrease IN Its
activity, while its range for the day was
the smallest for weeks, and the same may
be said of Burlington and Atchison. The
rest of the market was quite neg
issssd: the dealings benng without dsa
A rather firm opening was followed by q
slight decline following the lead of Chicago
Gas, but the tone soon changed for the bot
seen in the general list. late in the day .
decided upward movement occurred in the
leaders, among which St Paul., Louisville
and Chicago Gas were most prominent:
Stories of q coming cash dividend furnished
the occasion for q rise in Louisville, which
amounted to / per cent. from the lowest.
while the recovery in Chicago Gas was for
o like amount. The market finally closed
extremely dull but firm. generally at small
fractional gains for the day. the list show
ing no material change in anything.
Railroad bonds felt the general stagna-
ton to the same degree. and. while the
amount of business was reduced to S663,000.
the firmness of the market failed to make
any movement worthy of note in the list.
The Oregon Improvement fves were most
active. furnishing 500. 900 to the total, and
scored q larger gain than any of the moro
prominent issues. No other feature was to
be noticed aud the market renamed dull
throughout.
Government bonds have been dull and
firm. State bonds have been entirely neg
fected. ClOsinQ QuOtatiOna vera.