The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1891-08-27
CONDITION OF THE R K
Slightly Lower Prices for Cereals at
Chicago, but Higher for Provisions.
Wheat and Corn Close q Few Fractions of
from Opening Figures After Being HOisted
Up 9 Cent or Two by the Bulls"
MONEY, STOCKS AND BONDS.

Another Active aud Strong Market, with q
Tendency Toward Higher Prices.
NEW YORK, Aug. 26.-Money on call
waseasy, ranging from Oh TO 8 per cent, the
last loan being made at 24 per cent; closing
offered ate per cent.
Prime mercantile paper. 51s06ls per cent.
Sterling exchange quiet and steady at
SASH for slxty-day bills and s4.s6la for de-
mand.
The total sales of stocks to-day were S27.-
s21 shares. including the following: Atchi-
son, 40,937; Canada Southern. 3.S40; ChIca-
20 Gas, 1885; Delaware. L~ackawanna 81
Western, Bios; Erie. sos: Lake Shore.
1850; Louisville & Nashville, IL ,15S; Mis-
sour Pacific. IL, $40; estern. $780,;
North American, 1856; Northern Pacific
preferred. 12.525; Reading, 1895; Richmond
g. West Point, 1861; ST. Paul. 29,6O5.
The stock market was again active and
strong to-day, making substantial prog
ress toward higher figures in all portions of
the list, with, at times. a buoyant tone to
the dealings. The market gives evidence
of broadening from day to day. and It's
stubborn strength IN the face of the most
strenuous efforts to check the rise or to
bring about q reaction shows the growing
confidence Of outside investors and specu-
lators in the future of prices. The feature
of the last two days dealings has been the
evident disposition to take up the most
promising of the low-priced shares, and.
while q few of these have been forced to
higher figures than the times warrant. all
have been placed apparently upon a per-
manently higher level. The money sltua-
tion seems TO be secure as Tar as can De lore
seen. and, with the surplus now IN the banks
and the disbursements of the government,
including the payment of the f~Our-and-a-
half per cents. to be redeemed, there Is lit
tie likelihood of a squeeze In money for
some time to come.
In tO-dav's market, however, the grangers
were again in the first place. as far as activ-
ity goes. and realiZatIOns assumed large
proportions IN them. induced by the high
figures to which they had attained, while
the efforts OF the bears" TO force u reaction
of substantial proportions aided In weak
ening the entire list during the afternoon.
The foreign purchases were the feature OF
the foreDoOn's business. and while realIza-
tions were even then heavy. the impression
made upon prices vas measured by small
fractions only. and n full and free recovery
took place under the urgent demand for
stocks. London prices this morning were
materially better than ours of last evening.
and the early demand made an active and
decidedly strong opening. and while the
pressure TO sell was sufficient to force a re-
action to the level OF the opening figures
prices could not DO kept down and later
marked advances were made. The final
dealings, however. again developed con-
siderable strength In the list and the mar
ket finally closed fairly active and firm at
only slight changes for the day in most
cases. The transactions in railway bonds
to-day reached S315.Sl6. They were also
remarkably active and many of the specu-
latIve issues were specially prominent, the
Atchison ncomes. the Reading ncomes,
Wabash dobentures and Kansas u Texas
seconds being most conspicuous. Many OF
these scored handsome gains and the mar
ket remained strong until the close.
Government bonds were dull and steady.
State bonds were entirely neglected. Clos
ing anOtatiOns were: