The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-02-22
CONDITION OF THE MARKETS.
Ali Commodities Dull and Featureless
the Greater Part of the Day.
wheat Declines, but Finally Receivers the Lost
Ground-Corn Dull-PrOvisions Prac-
tically Without Change in Prices.
MONEY, BONDS AND STOCKS.
hallway Bonds Comparatively Quiet-StoclK
Irregular and Generally Heavy.

galway Bonds Comparatively Qutet-StOcKs
Irregular and Generally Heavy.
NEW YORK, Feb. 2O.-Money on call was
pasy at Ii 02 per cent.
Prime mercantile paper, 405 per cent
Sterling exchange was dull but steady at 81. 81
for go days, and 81 SO! for demand
The total stock sales to-day were. 630,59O
shares, including the following: Delaware. Lack
pwanna & Western, 154, 225; Delaware 6 Hud-
SON. 49, 100; Erie 81. 1865; Kansas & Texas, 1900;
Lake Shore, % 620 Louisille & Nashville l9, l20;
Northwestern, 9. $780, New Jersey Central 80, $50;
Now York Central. 14,325; Pacific Mail, 16, 364;
BEADING, 26, 665; st. Paul, Is, 635; Union Pacific,
q, 800; Western Union, 6,780; Northern Pacific
preferred, 1880
Government bonds were dull and steady.
State bonds were active and firm.
Railroad bonds were comparatively quiet, on q
Ridsly-distributed business. The closing prices
were irregular, with moderate advances and de-
shines, compared with yesterday. The total
sales were ST. 800 600. and for the week $23, 230,
300. q slight gain over last week.
Interest in stocks was developed by the news
affecting the reorganization of the Reading COM
pany, and by the effect of that news upon the
coal stocks, especially Lackawanna. Rumors
were afioat early this morning that Mr. Gowen
had secured the Reading stock held by the Van
derbilts, and also sufficient amount Of money
70 prevent foreclosure. 1t was not how
ever, .until shortly before o'clock
that the transfer of Reading stock had
been made from the vanderbilts to Mr.. Gowen.
This TACT, however, along with the statement az
to Mr. Governs success IN obtaining the required
amount, explains the weakness in Lackawanna
for several days past The trading in Lacka-
wanna to-day amounted to 154. 225 shares,
end it required six of the next most
active stocks to make up az much more.
leaving only 10000 shares to be divided among
iii tine other issues traded in. The stocks which
come next to Lackawanna were Jersey Central,
Erie. Reading and Union Pacific. Lackawanna
opened / lower, at 126. and was very feverish
throughout the day, selling in the morning at
1881, then atd26a. then to 1885. and at midday
.. 1917. Before o'clock it broke to 1864, and
continued tedecline to 125. There was aquck rally
to 1885, another break to 1851 and the stock closed
1T 1855, net loss of 3d. Delaware 3 Hudson
Sympathized to tho extent of per cent, and Jer-
sey Central is down IL. The encouraging pros.
closed, however, at 24s. q net gain of Il The
remainder OF the list was comparatively steady.
The closing prices show losses Of { to ! in most
cases. The market closed irregular but generally
heavy
Comparing prices with those OF last Saturday,
everything Ia lower, Lackawanna showing loss
of 81; Pacific Mail, 6a; Delaware & Hudson, 81;
Union Pacific, 3a;. Central Of New Jersey, 81;
Milwaukee and Lake Shore preferred, however.
made gain Of 81 for the week. The total
sales for the week were q 400 500 shares. against
R,743 $40 last week
The mar ket closed with the following prices
bid: