The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-06-30
SHARES DULL AND WEAK
GENERAL FEELING LISTLESS En-
CEPT AT RARE INTERVALS.
Wheat Market Influences redomi-
mated I'm the Narrow Fluctuations
Bonds Sell Better Than stocks.

At New York, yesterday. money on call
was easy at 1hG2 per cent: last loan. 2 per
cent.
Prime mercantile paper, 3A4fz per cent.
Sterling exchange was firm. with actual
business IN bankers bills at s4.S64 for de-
mand. and Ass4 for sixty days; posted
rates. A.sf14G4s5 and sI.S7h: commercial
bills. $.s3Q4s3h.
Bar silver was 61Ac: silver certificates,
614d62z4c: Mexican dollars. 4s1zc. AT Lon
don. silver bars sold at 2S14d an ounce.
liz took about fifteen minutes of trading
after the opening OF the Stock Exchange
yesterday morning to demonstrate the dis
Inclination OF stocks to continue the ad-
vance which aroused the hopes of the bulls
Thursday. The market started on with a
great show of animation and a semblance
Of strength. Prices of Americans were up
in London, but whether this symptom was
the result OF operations by cable from this
side Is open to inference. AT all events.
the advance in prices seemed to be de-
signed for the benefit of the shorts. who
were anxious TO cover after Thursdays
rise. The demand from this element was
so literally fed that 1t made slight i'm
preston on prices. and after il was salts
fed the market became notably soft. The
movement afterwards was irregularly
on a very small volume OF bus
mess. The languid movement of prices
during the latter part OF the day was large
iy COVER ned by the fluctuations in the
wheat market, stocks hardening slightly
with the midday reaction in wheat and
sagging again when the price of wheat raj
lied. Sugar and some of the preferred
steel stocks gave varying evidence of
strength. Othe<wise there was no striking
feature in the market. and the closing
showed very small net changes and irregu-
lar and uncertain fluctuations. The money
market continued surprisingly quiet up to
the close. considering that 1t is practically
the last day TO complete preparations for
the semi-annual disbursements of dividends
and interest. which are the largest In the
history bf the country. Call money was
slightly harder at the opening, but the rate
was not free from suspicion OF manipula-
tion I'm the interest of reaction in the stock
market. 1t Is expected that the banks will
show a small net loss in cash In to-days
statement. the estimated receipts from the
interior mot being sufficient to Offset the
loss on subtreasury operations. But as last
weeks unusually large decrease in reserves
is supposed to have anticipated the. require
ments for Mondays payment into the sub
treasury iof the called government deposits,
AZ is possible that this weeks official figures
of the sf1btreasury operations may over
state thf actual demand made on the
banks. There has been no evidence either
that the surplus has been encroached upon
by expanding loans.
Bonds 4ere in better request than stocks,
and prices are higher. Total sales at par
value we're 81. 365. 900. United States refund
ing twos, when issued, advanced u, and the
old foursl Il in the bid price.
Following are the days share sales and
the closing bid prices.