The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-05-31
CONDITION OF THE MARKETS.
Decrease in the Visible Supply Causes an
Advance in Prices of Wheat.
Corn and Oats Rule Steady and Close Shade
Lower - Provisions Steadier and Prices
Slightly Higher than on Friday.
MONEY BONDS AND STOCKS.

Increased Business I'm Railway Bonds-Stoclxs
Strong end Generally Higher.
NEW YORK May 29-Money on call was easy at
102ls per cent.
Prime mercantile paper. 405 per cent
Sterling exchange quiet. but steady; actual
sates $4.87la for sxtyday bills and g. S94 for de-
mand.
The total sales of stocks to-day were 315,oS2
shares including the following: Delaware, Lacka
wanna 8 Western, 40. SIS Erie, 1929 Kansas &
Texas, TACO; Lake Shore, 1926 Louisville g.
Nashville, 1868; Missouri Pacific, $500; North
western, 81, 1886; New Jersey Central, 6,770; New
York Central 1927; Pacific Mail, 1900; Reading
1000; St. Paul. As, 0s5; St Paul s. Omaha, 10, e75;
Texas Pacific. 9.775; Union Pacific, 1915; Western
Union, IL, 465; Oregon & Transcontinental 3.175
Government bonds were quiet but firm
State bonds were duh and steady.
There was an increased business in railroad bonds
20 day; sales So, 192, 900, of which Erie seconds
furnished 100000 and Atlantic s. Pacific incomes
1882, 900. Final prices were generally higher.
There good buying of stocks to-day from the
start and the grangers, Lackawanna Lake Shore and
Erie were special favorites. 1t is reported that a
bul pool has lately been formed in Omaha and that
the buying to-day was generally by insiders. The
statement of the Erie road for April shows marked
Improvement, and the stock went up inside buy
ing. Northwestern also special fayorte, and it
Is reported that the earnings for this week will show
increase of $50 900. The market opened strong
and generally from ls to % above yesterdays closing
There only moderate business, however but
prices advanced from the opening There slight
reaction towards noon, but after that there in
creased business and prices moved steadily up to the
close. Northwestern reached the highest price
yet recorded this year. In the afternoon
ahe buying in Omaha made that stock conspicuous,
and it quickly advanced over per cent. 1t was
ported that there was strong buying of the grangers
especially for European account. st. Paul again
afavorite, and opened up 4 higher at Gle and ad
vanced to92@, closing q lower. Lackawanna came
next with 46 O85 shares, closing Il higher. North
western third. 1t opened up So higher. at Ill
acted small fraction but thereafter steadily rose to
the close being strong the reaction of the general
MARKET and closed at the highest price of the day,
net advance of 2ss Lake Shore was also conspicu-
cusly strong 1t opened is higher At 81, advanced
TO 6212, but reacted at the close to 821e. The mar
ket closed strong at about the best prices of the day
sA7srything on the active list is higher l. g. N is
Hooking Valley and Lake Shore. IL each; Texas &
Pacific and Union Pacific, lie each; Jersey Central,
Apd Chicago, Burlington Quincy, per cent. each.
Hhe rest Of the market is fractional amounts Ore
eon Navigation shows decline of 2per cent. Closing
quotations were: