The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-07-29
MONEY, STOCKS AND GRAIN
Liquidation by the Pool Caused Rapid
and Marked Decline in Sugar.
Northern Pacific Preferred Took Flyer on
Free Buying-At indianapolis Wheat Was
Easier, with Corn and Oats Steady.
THE BOND MARKET.

Railroad Issues Were Quiet and the List
Showed Only SLIGHT Changes.
At New York, yesterday, money on call
Was easy at 1lz02 per cent, the last
loan being made at la per cent. closing
offered at liz per cent
Prime mercantile paper 3a4 06 per cent.
Sterling exchange was quiet but steady
at s4.e7 for sixty-day bills and s4.sSl4 for
demand.
The total sales of stocks were 263s23
shares. including the following: Atchison.
%, 27S; Chicago Gas. s.595; Delaware. Lack
awana 81 Western. II. IA; Erie. S.SO5; Louis
willie 81 Nashville, $500; Missouri Pacific,
1895; Northern Pacific, 2,054; Northern Pa
cific preferred, 1880; Reading. $500; ST
Paul. 14,355: ST. Paul a. Omaha, 4, $50; Union
Pacific, 6.O75: Western Union, $500.
The feature of the day was tho liquida-
tion by the pool in Sugar, and while the
pressure to sell was maintained. the down
ward movement was very sharp and it
took some support to rally the stock after
the decline WAS checked. The movement
put a damper on the advances in the other
industrials and while Cotton Oil was forced
off about l per cent. the others were much
less active than usual of late. aud dis
played a weakening tendency. The dull
ness was helped on By the renewal of pre-
dictions of a material outgo of gold on
Saturday-estimates place 1t as high as
"a 000.OO0. The prediction was based on
the scarcity of commercial bills and the
advance in bankers rates. On the rail-
road list Atchison was very. prominent.
but the feature of the days operations
was the strength IN Northern Pacific
preferred, which was. bought easily
Tor q short time. and scored q ma
terial advance. The anthracite stocks,
with the exception of Lackawanna, which
was especially active and strong were
comparatively neglected, the action OF the
sales agents furnishing no argument upon
which to base a movement in those shares.
The grangers were held fairly steady with
In narrow limits, and stocks, except those
mentioned. were traded in over the usual
small range. The market finally closed
quiet but firm to strong. at the best prices
of the day. The trading reached 194. 6l0
listed and 90 213 unlisted. Sugar furnishing
59,91S and Atehison %, 275.
Railroad bonds were quiet. but there was
more special animation, and though the
lists AS rule showed only a slight change,
n few issues were carried higher. The
days total sales were 81 ,231 .000. Govern
ment and State bonds were Gull and steady.
Closing quotations were:
-Four per cent. reg. i Il Louis. 81 Nash . 7Oss
Four per CT COUP 1862 L. & New Albany. 247s
Pacific 6s or '95. <106le Missouri Pacific 60i4
Atchison ----.---. 3SleN. j. Central. ---..13S
Adams Express. 100 Northern Pacific. 81 ss
Alton * Il. h. 80 Y. Pacific pref. 56ls
Alton & L. III. pref.150 Northwestern 1171a
American Expr's- II 8 p Northwest'n pref LA
Ches. Il Ohi0.-.... pam. Y. Central. 1882
C., B. Il 101 u PEORIA ID. Il E.. IL
c., C., G. < st. L. 665s Pullman Palace .197
Del, Lack * w. 1898 Rock Island S012
Fort Wayne. '153la u. 8. Express. SO
L. L. 4 W. pref. 77l4Iw., ST. L. & p pref. 26as
Lake shore. 412 Wells-F Fargo Ex...145
Lead 1rust------ 37l2iWestern Cnlon.--- 953
bid.