The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1891-07-16
CONDITION OF THE MARKETS
On Lower Paris Cables "Bears' Rushed
in and Captured Chicago Grain Pits.
The Long Expected Slump in French Wheat
Came with Q Vengeance and ALI Cereals
Declined-Pork Was Sympathetic.


Denial OF Certain Railroad Rumors Ahost
Yesterday Lent New Strength to the Market
NEW YORK. July 15.-Money on call
was easy. ranging from liz to per cent,
the last loan being made at 1l2, closing Of
fered at liz per cent
Prime mercantile paper. 5l267 per cent.
Sterling exchange was dull but weak
ut S4S5 for slxty-day bills and s4.s7 for
demand
The total sales of stocks to-day were Ca
5s3 shares. including the following: Atchi-
son, 10, 404; Chicago Gas. 3.s75; Louisville Il
Nashville, e25O; Richmond & West Point
5.Sl5; ST. Paul. 1850.
The speculative pendulum swung in the
opposite direction to-day. and the beaviness
In the stock market yesterday. induced in .
great measure by the rumors set afioat in
regard to dissensions at the railroad meet
ing. was replaced by considerable strength,
aided by limited foreign purchases and the
weakness IN exchange rates. The absence
of any material demand for railroad mort
cages which il regarded as an indication
that large capitalists are Indifferent to the
attraction OF such securities as investments.
encourages the trading element to attack
prices whenever the opportunity offers
and, in q measure, checks new buying
of stocks. The market to-day showed no
change from It's dull and narrow condition,
but the local operators are more inclined
to buy, and the few purchases by foreign
houses caused q marked improvement IN
the temper OF the days operations Chi
csgo Gas was better held. and while Rich
mond 4 West Point took it's place at the
weak spot in the list it's loss was lnconsid-
cradle. The late reports of earnings kept
alive the interest in the grangers. espe-
cially St Paul and Atohison, but the
mainder were dull and showed only o mod
crate sympathy with the strength in the
leaders. This of itself was not in any
manner prominent after the compile
ton of the early buying. and, in fact,
prices settled away slowly because of moth
ing but the general lndisposition 10 trade,
the dullnese all through the afternoon be-
ing most oppressive. The traders also
struck upon Richmond & West Point and
Louisville ss objects of special attention
and sold each down a small fraction. The
rest OF the list sympathiZed in q languid
emit reason, dropped off from % to 93l2 per
cent. The market finally closed extremely
dull and rather heavy at shade under
first prices as a rule. The active list shows
no material change for the day, some stocks
showing slight gains and others equally as
insignificant losses
Railroad bonds were enlivened by some
buying of the Atchison issues, and the in
comes were specially active under the
stimulus, the sales extending to S246OOO
out of o total days business of only $780,
900. The business. however resulted in
only slight appreciation in values. and
while the general market was given q firm
tone the usual slight changes only were
noticeable.
Government bonds have been dull and
firm. State bonds were dull and steady.