The Indianapolis journal., 1891-04-14
CONDITION OF THE MARKETS
Nay Wheat Makes an Early Advance
and Closes 1 Cent Above the Opening.
Market Strengthened by Unfavorable Reports
from Europe, and the Condition of the
Weather in the Northwest
MONEY. STOCKS AND BONDS.

Market Firm and Active at the Opening,
but Weak and Lower at the Close.
NEW YORK. April 13.-Money on call
was easy. ranging from 8 to 312 per cent,
the last loan being made at 3, closing offered
at 8 per cent
Prime mercantile paper. 507 per cent.
Sterling exchange quiet and barely steady
at S4.s5ss for sixty day bills and SASSY for
demand.
The total sales of stocks to-day were
273,s29 shares. including the following:
AtchIson, 20. .1s5; Lackawanna, 5.7S5; Erie, A.
$50; Louisville & Nashville. 1886; Missouri
Pacific, 9.200; North American, 800; North
ern Pacific 3,100; Northern Pacific preferred,
II, ,45O; Richmond & West Point. $500; st.
Paul, 45,695; Union Pacific, II, $50; Western
Union, S.317.
The stock market to-day gave further ev-
idence of it's inherent strength. and ad-
vancing smartly on good news it was well
held up on bad Developments. The bank
statement of Saturday was an encouraging
item to the bulls, and renewed en-
couragement was taken from the man.
ner in which the market had resist
ed all attempts to bring about reaction,
while the failure of the prediction Of
the bears that the minimum rate of dis
count of the Bank of England would
be raised this morning, to come true, and
the advices that the gold engaged from
London for hIpment to Germany would
not be taken, caused q lively demand In the
early trading for all sorts of stocks. al
though those In which the short interest was
largest, including st. Paul. Burlington and
Chicago Gas, felt the movement more than
the rest. London was also buyer In the
early trading. while the West took the
grangers again. and many specialtles scored
prominent. The gold which was left in
London, however. was taken from here.
and the anuouncent of this fact again gave
the reactionists q chance to hammer the
went q change. the bulls evidently holding
off for developments. while the bears were
inclined to press their advantage. and
the activity. such as IL was. OF
the afternoon was always accom-
panied by = declining figures. All the
early advances of note were wiped out and
the sluggish stocks, such as Northern Pa
cific and c.. c., T.. & st. Louis, with some
others scored material losses before the
downward movement was checked, when
dullness became the leading feature of the
market. The bears, however, continued to
hammer the market throughout the session
and the activity was not what 1t had been
In the early trading until just before the
greatest. The weakness was most apparent
In Northern Pacific preferred. Missouri Pa
ciic and grangers, though the industrlals
and specIalties were not far behind and
not only were the morning gains lost, but
fractions in addition all along the line.
The close was active and weak at the low
est points in everything almost traded In.
The final changes are irregular and
in all cases for fractional amounts, except
In Northern Pacific preferred. which is
down lis per cent, though the losses are
by far the more numerous.
Railroad bonds were in general uninter-
esting to-day. but few marked movements
enlivened the monotoDy. the most impor-
tant being the strength in Texas Pacific
issues and Kansas ~ Texas seconds and the
weakness in the South Carolina incomes.
The Atchison incomes were active as usual.
furnishing S149, 900 to the total of 81. .34l 900
for the day, but failed to move materially
and like the great majority of the list are
only slightly changed thle evening South
Carolina incomes are per cent. lower.
Government bonds dull and easier. State
bonds dull without feature. Closing quo
tatiOne were: