The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-01-19
CONDITION OF THE MARKETS.
Wheat Unsettled, Weak and Lower, De-
spite Efforts to "Bull" the Market.
Corn and Oats Without Feature-Proyisions
Receive a Great Deal of Attention, and
Very Active Buying Follows.
MONEY. BONDS AND STOCKS.

An Active Market for Railway -Bonds-Stocks
Quite Active but Weak.
NEW YORK, Jan. 1S.-Monev on call was
easy at II % per cent.
Prime mercantile paper, 405 per cent.
Sterling exchange was dull and unchanged.
The total sales of stocks to-day were 53l, s9e
shares, including the following: Delaware,
Lackawanna & Western, $685.; Delaware &
Hudson. 9,538; Erie, 80, 185; Kansas 6 Texas,
IL, 900; Lake Shore, 65, 105; Louisville q Nash
vile. 6. 800; Northwestern. 20, 400; New York Cen
trial, Is, $50; Pasifc Mail, 81, 740; st. Paul, Sc $500;
ST. Paul & Omaha, 3,400; Union Pacific. Sc, 500;
Western Union, $1,000; Northern Pacific pre-
ferred, 20, 429; Oregon & Transcontinental, IA,
800.
Government bonds were dull and steady.
There was a fair business in State bonds, and
prices were steady.
Railroad bonds we're dull in the morning.
and more active in the afternoon. The transac-
tioEs amounted to So, 1877, 900, and prices were
generally lower. Erie second consols showed de-
cided strength, closing at 84aa. with sales of 1916,
600. Atlantic & Pacific incomes were moder-
ately active and closed at a loss Of Il; western
division frsts were 81 lower; Central Iowa firsts,
coupon off, II; Denver & Rio Grande western
frsts, II; l., Il. & w. frsts, 2; New Orleans &
Mobile seconds, IL; Pensacola & Atlantic firsts,
q, NJ, x. & T. fves, Il, but the skies were up
2 and the sevens 1; Ohio 81 Mississippi frsts,
Springfield division, were down Al; o. I. SKIES,
II; o. r. & Nav. ives, j; Oregon Short line
SKIES, /, and Fl. w. e Denver skies, 2.
Stocks were active and weak nearly al. day,
aad a few stocks monopolized the principal por-
ton Of the business. The coal stocks continued
eonspicuously weak, and were joined by Union
Pacific, Pacific Mail, Missouri, Kansas s. Texas,
And Western Union, in all Of which there was
active selling. On the other hand, the Wander
bits, especially New York Central, st. Paul and
Erie, were comparatively strong, and the sales
were the largest of this year, amounting to 53l,-
S99 shares; but 2S9, 800 shares of this business
were divided between Lake Shore, Union Pacific,
st. Paul. Lackawanna and Pacific Mail.
Erie was also quite active. After an irregular
opening the market almost immediately became
weak. and during the forenoon declined from i
to over 2. Later there was q small rally, fol-
lowed by renewed weakness and still lower fig
ures, and in the final dealings there was a slight
upward movement. leaving prices at the close a
little better than the lowest of the day. The
closing was irregular and weak for stocks that
had been conspicuous for declines. The
net result is a loss of q in Pacific
Mail, Is in Lackawanna, II in NJ, Z. &T.,
III each in Union Pacific and Western Union.
The other losses were generally for fractions.
New York Central and st. Paul each closed with
a net gain of ! and Erie !. It was generally ex-
spected that the CHANGERS would show q heavy
decrease in earnings for the past week, owing to
in Northwestern is unexpectedly heavy, amount
ing to $106, 400. This stock, however, shows a
decline Of only !. st. Paul lost $4S,652, and st.
Louis e. San Francisco $27,2 200.
The market closed with the following prices
bid: