The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-03-08
BUSINESS CONTINUES DULL
Local Retail Trade Has Not Recovered
from the Disturbance of Last Week.
Wheat Was Weak, While Corn and Oats We're
Firmer, with en- Absence of Speculative
Features-Prices on General Produce.
MONEY AND STOCKS.


ness Has Not Yet Been Restored.
The st.eet-car tie-up. which so seriously
disturbed the general retail trade of the
city, now that suspension of hostilities
has come, has Lot brought with it q restor-
alton OF business. The six associated banks
yesterday made a showing of clearings
amounting to S5S2. 9OO.12; balances, S24.-
sO7.36. as against the corresponding date in
1871, when the clearings were S645, 6l244;
balances, S69, 940.34.
NEW YORK QUOTATIONS..
At New York. yesterday. money on call
was easy at 1h02. the last loan being made
at 2, closing offered at per cent.
Prime mercantile paper, 4d5la per cent
Sterling exchange was quiet but easier
at SASH for sixty day bills and S4s7t4 for
demand.
The total sales of stocks were 450.6S5
shares. including the following: Atchison.
6.9S0: Delaware. Lackawanna & Western.
$500; Erie. 1880; Lake Shore q. 93s; Louis
VILE & Nashville. Ito; Michigan Central.
ESQ; Northwestern, 32,561; New Jersey
Central. 3,1Oo; New York Central. 4.1c4;
Northern Pacific preferred. 1853; New Eng
land. 81. 0S5: Reading, 113.s0O; Richmond &
West Point. 1900; StPaul. AGO: st. Paul
e. Omaha, Ass; Western Union. 400.
The stock market yesterday was not as
active as on Saturday, nor were the move
ments on so large q scale. There was on
the whole a firm temper to the dealings.
hut considerable Irregularity existed.
While the Vanderbilts still displayed the
most pronounced strength. the coalers. in
dustrials and New England were specially
weak at times during the forenoon.
further engagement of gold for export had
eome influence In creating bearish
temper. but there was no renewal of
were left more to their natural
bent, and with the removal of
the pressure a frmer tone was developed.
There was very little dong for foreign
count. but better support in the coal
stocks was q factor In the improved tone.
while the positive strength shown by Lake
Shore and later by Northwestern brought
the whole list along In the afternoon. The
Richmond q West Point securities were
comparatively quiet during the forenoon,
but the stocks rallied sharply and the
bonds later in the day more than recovered
tle loss OF the last few days. The grangers
in general were well supported. though st.
Paul. q large business, nuctuated within
the narr0west limits and remained dur
ing the entire day in the neiShbor-
along the entire market showed less fever
!shness and prices rose slowly in response
TO the more settled feeling in the room.
Reading and New England were again the
active specislties. but while the latter rose
slowly with the general list, the former
was in supply around So and failed to re-
gain its early loss. Among the specialtes
the New York. Susquehanna IL Western
stocks were again strong and comparative
ly active. the preferred making q mater
ial improvement. while Cordage dropped
Sls per cent. only a small portion of which
was regained during the afternoon. Tho
leading stocks, however. remained feverish
and unsettled TO the end, and ID the last
hour there was the most determined raid of
the day made on the list when Reading,
Like Shore. Northwestern and New En-
gland were materially depressed, Lake Shore
losing almost all OF its heavy gain of the
forenoon. The opening of the general list
was in most cases tractionally better than
Saturdays final figures. while Missouri
Pacific, for no apparent reason. was ND Ia
per cent. and Omaha and Delaware ~
Hudson each per cent. There was no set
tied tendency In prices dnring the entire
session. and periods of weakness al
ternated with periods of strength through
out the enti-e day. The raid in the last
hour brought almost everything traded In
down to the lowest points of the day, but
q sharp rally in the leaders occurred In the
last few minutes. the market closing act
i've and unsettled, generally at fractional
losses for the day. Reading. however. was
down PA, Jersey Central 2, and New Eng
land i per cent. The low-priced special
ties retained most of their gains, and the
Richmond * West Point preferred closed
at e7la, the highest price of the day. and
PIE better than Saturday.
Railroad bonds were rather quiet until
the afternoon. when the number of issues
traded in became larger, and increased
ectivity In Richmond d. West Point issues
added character TO n market which had
lacked features. These bonds were again
strong and while reactinG in the last hour
under pressure. still scored the only i'm
portant gains of the day, the tives being
up gas and the SKIES az 63l4 and per cent
respectively.
Government bonds were dull and steady,
and State bonds were the same. Closing
quotations were: