The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-08-11
CONDITION OF THE MARKETS
Wheat Opens Weak, but Rallies, and
Closes at Outside Figures.
Corn Unsettled and Lower-0ats Easy Under
Large Receipts-Provision Unsettled and
Lower, Closing at Mondays Figures.
MONEY, BONDS AND STOCKS.

Bonds Dull and Steady, Except for Specula-
tive Issues-Stocks Close Higher.
NEW YORK, Aug. 10.-Money on call is easy,
ranging at to per cent, closing at 405 per
cent
Sterling exchange was dull and unchanged
Prime mercantile paper, 405 per cent
The total sales of stocks to day were 1876, 635
shares, including the following: Delaware Lack
awanna g. Western, l., 125; Erie. 1s, 7l2; Kansas
g Texas, TO- 94O Lake Shore, 9.122; Louisville &
Nashville, $3.50; Northwestern A, $50; New York
Central, 667S; Pacific Mail, 3, 27O; Reading. 1100
ST. Paul, %, 40; St. Paul g. Omaha 6,876; Texas
Pacific, 27,434; Union Pacific, 5000; Western
Union, 1910; Northern Pacific preferred, 4,105;
Oregon Transcontinental, 4,080.
Government bonds were dull and quotations .
1hade lower
State bonds we're dull and steady.
Railroad bonds were quiet and steady. except
Tor the speculative issues which we're active
and strong The total sales to-day were Sc, $685.
600. OF this Texas g Pacific incomes furnished
e1,149,o 600, Erie seconds $532, 900, and Texas g.
Pacific Rios 1926, OON Texas 6 Pacific incomes
are up p, at SO, after sales as high as co., Wa
bash certificates are up q, at Go; Texas s. Pacific
consols and certificates are down each 2, at 1011;
Iron Mountain fives 2. at 96s, and Lake Erie 6
Western incomes at "a.
The stock market recovered to day from the
tight money scare, although it is believed that
that the readjustment of loans will be dis
Eurbing element for some days to come The
prompt reaction from the depression was, how
ever, principally due to the renewed buying OF
the Vanderbilts, Louisville 81 Nashville, Texas
r. DoaiH0 HIiaannri Kansas ~ Tayao and
other stock for London account The conclusion
that money will command higher rates in the
future and the trouble between Baltimore q
Ohio and the Pennsylvania caused disposition
to sell in the early trading but the effect of the
latter influence was but short lived and the mar
ket quickly recovered. Texas 81 Pacific was the
feature of the trading. A rumor was put out
that the Wister committee had dissolved, and
also another that union between that and the
Olcott people had been agreed upon, to which
was added the revival of story of q contest
for control, all of which helped the ad-
vance and activity in the stocks and bonds
Some of the buying Of the Vanderbilts and
grangers was understood to be for Chicago peo-
pie, and the purchases OF Erie by German houses
steadily advanced it until the close. In the
afternoon the usual dizziness and apathy APP
peared. First prices showed irregular changes
but were within to : per cent of yesterdays
closing figures. After some hesisancy, the en-
tire list advanced, with Texas & Pacific first,
and later, New York Central as leaders. A
moderate business was transacted until after
midday. when dull and featureless market was
had followed in the last hours by moderate
advance. and the market closed firm at about
the best prices of the day. Closing prices show
decided gains for almost everything on the
active list, Pacific Mail being the only Axcep-
ton, with loss of !, New Jersey Central Is up
1t, Consolidated Gas Il New York & New Eng
land II, Omaha preferred /, New York Central,
Missouri, Kansas & Texas and Erie each ! per
cent, and other smaller fractions. Closing
quotations were: