The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1891-01-28
CONDITION OF THE r K
Wheat Breaks Nearly Two Cents with
No Particular Reasonfort the Drop
Corn Also Very Weak-0ats Dull and q Little
Lower-Pork Declines Heavily-Ribs
and Lard Easy.
MONEY. STOCKS AND BONDS.

The Market Takes an Upward Jump, with
Large Gains Recorded for . Few Shares.
NEW YORK, Jan. 27.-Money on call was
easy. ranging from 2 to pig per cent. the
last loan being made at 2, closing offered
at 2 per cent.
Prime mercantile paper 507l2 per cent.
Sterling exchange active and strong at
Sass for sixty-day bills and s4S7l2 for de-
mand.
The total sales of stocks to-day were
211.1O0 shares, including the following:
AtchIson, $500; Delaware. Lackswanna &
Western. 1898; Louisville & Nashville.
1900; Manhattan, $3.50; Missouri Pacific.
6.215; North American. 5.94S; Northern Pa
cific. 9.135; Northern Pacific preferred, 1910;
Richmond q West Point, $3.50; st. Paul.
20,010: Union Pacific, Al $50.
The stock market to-day was somewhat
of a surprise to many people. developing >
sudden strength and activity that was en-
tirely unlocked for, and the movement OF
the market to-day, in connection with that
of yesterday. seems to indicate that
IL has gotten ont OF the rut
into which it had fallen and
sctive. fhe one unsatisfactory feature of
the day was the attempt to bring forward
again as a bull" card the sugar receipts
and the new stock of the company. The
latter was given q twist of over 8 per cent.
and both became active in the last hour.
There was large covering OF shorts" by
the sellers of the past few days. and the
steady demand from that source kept
prices moving upward, without any real
setback after the first few minutes trad
upon the market, or rather some stocks
which were thought to be vulnerable.
Such u~ndoubted support vas developed,
however. that the selling was as quickly
and the Gould stocks. the coal
ers, the n and nan
specialties which have been 90 conspicuous
for weakness under the attacks of the pro-
came prominent in the upward movement.
Manhattan was dropped suddenly from 100
to 96s4, and Lackaw anna. Burlington and
Chicago Gas were forced tOff fractional
amounts. and the last two stocks were
rather sluggish throughout b day, failing
to keep pace with the rest of the list. st.
Paul, however. led the advance in the fore
noon, and later Union Pacific. which was
also the most active, came to the front. fol-
lowed by Missouri Pacific and Northern
Pacific. Jersey Central, however, out
stripped all the others. it's advance being on
the same gigantic scale as its late decline.
Manhattan recovered almost all of its loss.
The industrials. which had been dull
last hour, but toe late to have
any real influence upon the shares of
the regular list. The market finally
closed quiet but strong &c the highest
prices of the day. The list Is almost in
variably higher tonight. jersey Central
Is mp ga; st. Paul and Union Pacific. each
: 17s; Missouri Pacific and Northern Pacific,
each. 1os; Northwestern, L~ackawanna and
Northern Pacific preferred. each 1l2: Cana
da Southern. Louisville md North Ameri-
car. each Id; Western Ohio. Wheeling a.
Lake Erie preferred, New England, Lake
Shore and c.. c.. G. 81 st. l., each 1 per
cent. and Sugar Refineries. Pig.
Railroad bonds were slightly more active
than usual of late, and like stocksEwere
stronger, though the general list displayed
only q fairly steady tone. Among the
active bonds, however, there were some
marked gains. The trading reached 81. 1OS,-
0OO, out of which the Northern Pacific lives
furnished Sl95. 900.
Government bonds were dull and steady.
State bonds were dull and without feature.