The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1891-04-23
CONDITION OF THE MARKETS
Chicago "Bulls' Again Squeezed by the
"Bears" in the Speculative Pits.
Wheat Hammered Down to 81. 10 Ia for April
and May. and to $1.0S Sd for July-Ml
Other Articles Also Down in Price.
MONEY. BONDS AND STOCKS.

Gould Shares More Active Than Usuai-The
Money Question Troubling the "Bears."
NEW YORK, April 22.-Money on call was
easy. ranging from 10 per cent, the last
loan beng made at 3, closing offered at g.
Prime mercantile paper. 597 per cent.
Sterling exchange quiet and steady at
t4.s514 for sixty day bills and s4osl2 for
demand.
The total sales of stocks to-day were
2s2, 1913 shares. including the following:
AtchIson. 22.677; Louisville 81 Nashville.
$3.50; Missouri Pacific, 1915; Northwestern,
$50: North American. 3.S75; Northern Pa
-ciic preferred. 20.4OO; Pacific Mail 1890;
St Paul. 1905; Union Pacific, 31.12o;
Wheeling d Lake Erie. 4.12O; Wheeling &
Lake Erie preferred. 4.02l.
The stock market to-day again gave evil
dence of its inherent strength. though the
Improvement in values in the general list
was small and the volume of business was
not equal to that of few days ago. The
Gould stocks came to the 'front.' and the
rise yesterday in Wabash was followed by
similar movement IN Missouri Pacific and
Union Pacific, the only stocks comparable
IN strength to these being the Wheeling
a. Lake Erie shares, which are now feeling
the full effeets of the advance in the divi-
dend rate the preferred. The same
stocks still led in the market, however,
and evidences. of realizing still pre-
scented themselves from time to time,
pressure Of stocks for sale at
any time, and the movements outside
OF these mentioned were generally confined
extent. shifted their position over to the
bull side. presumably on the superstition
that the Gould interest il enlisted on that
side Of the market. and the prompt denial
of the interview ascri bed TO Mr.. Gould gave
increased confidence TO the buying of the
stocks with which be is most closely iden-
titled at present The absence of pressure
10 sell on the part of the local operators had
much TO do with the dimiDution of the vol
ume of business, but the money question is
again beginning to trouble the bears"
and the late reaction has put a great many
out of the market for the present. The late
that fresh blood is Forthcoming. and the
confident tone of the talk heard on the
street shows that the fear OF a furry be-
tween this and July is confined to q few
Interested sow.i 1dvd sS. CENTER Tss s9S@
the interior is increasing, and the
effort TO put the twenty million dollars
fractional silver into circulation Will In all
probability increase the available funds
loanable in the market In the late deal
ings there was another effort to bring the
industrials to the 'front.' the Cotton-oil
stocks being selected for this purpose. and
all of them were advanced sharply. the
new stock showing gain of per cent
. They were. during most of the day kept
quiet. and the others moved with the gen.
eral list
Railroad bonds were quiet again, the
sales reaching only l,l59.000, with no spe-
cial animation anywhere in the list, and
while q firm tone prevailed. as rule.
throughout the day, there were no special
improvements of Importance. The Oregon
Improvement tives were still prominent,
but failed to advance, and the business
developing any feature of interest. The
market closed firm.
Government bonds were firm but quiet.
State bonds were entirely neglected Clos
ing quotations were: