The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1891-07-11
CONDITION OF THE R K
'Bear' Sentiment Controlled Chicago
Grain Pits Almost the Entire Day.
Favorable Weather, Large Harvesting Re-
turns and Little Foreign Demand Had Their
Usual Effect and Wheat Lost 1-2 Cent.
MONEY. STOCKS AND BONDS.

No Export OF Gold Added speedy strength
20 the Entire List
NEW YORK, July 10.-Money on call
was easy, ranging from q to 2 per cent. the
last loan being made at 2. closing offered
at2
Prime mercantile paper, 5l207 per cent.
Sterling exchange was quiet but strong
ut S4.sl for sxty-dsy bills and s4.s7 for
demand.
The total sales of stocks to-day were 49,
442 shares. including the following: Atchi-
son, 216s Chicago Gas, 5000; Lake Shore,
s.4oo; Louisville q Nashville. 9.1IO: st. Paul.
2l,O5a
The stock market still showed no change
in it's character, but prices swung upward
again under the demand from the shorts
while the trading was entirely professional
and the fluctuations In oil but the few
prominent stocks insignificant There was
more than the usual bear manipulation
directed especially against the granger
stocks. Burlington and St. Paul in p~articu-
lar. But . covering demand sprung ap.
which reversed yesterdays tendency in
pricea The borrowing demand for Bur-
liDgton was especially urgent. 1t Was
positively stated that no gold would 90
out tomorrow. and while exchange was
frmer and Q shade higher the effect of the
assurance was seen IN the higher prices for
stocks. The dullness. however, re-
nsrrowness Of the local interest
In the market, and during the day
the fluctuations In not over six stocks
called attention to the dealings in those
shares. In the early dealings London was
y limited buyer. and the decline in the
grain markets was reflected by some buy-
ing orders from Chicago. which strength
ene0 the grangers and probably headed OFT
final setting st rest of the rumors in regard
to the Louisville dividend by the declara-
tion of gig per cent. had only a quietIng eff
feet uD0n the stock. and It's prominence In
the market became less as the day wore
along. and the same may be said of Chicago
Gas and Atchison- OF the other indus
triale sugar was the strong spot IN the
market, while Cordsge barely beld it's own.
Lake Shore developed some strength and
activity. but the rest of the list was
dull and without special movement. ex-
cept IN the grangers, Northern Pacific pre-
ferred. c.. c., {. q St L. and Louisville
* Nashville. The opening was steady,
but the pressure of the bear forced frac-
tional losses during the early dealings.
when the publication of the st. sul earn
ings and che other favorable reports and
items of news changed the temper of the
speculation, which remained firm through
out the rest of the day. becoming positive
1y strong ss the last hour. The close. how
ever. was only firm. bnt at the top figures
of the day. The final changes are. in al
most all cases, small fractional advances,
but Sugar is mp los, and Wheeling IL Lake
Erie preferred IL.
Raiirosd bonds failed to respond to the
strength in the share hist. though q firm
tone prevailed a. usual of late. and the
most Of the Issues traded in show light
gains for the day. The important advances
arc very few. however. Omaha consols
rose 2 per cent, standing at 112. The
trading reached only 1851 600.
Government bonds have been dull and
steady. State bonds were dull and feat
urelese. Closing Quotations were: