The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-05-02
CONDITION OF THE MARKETS
ABull Day on Change, Though the 0per-
atOrsCannOt Agree as to theCauses.
Wheat Advances Slightly and the Market
Closes Steady and Firm-Pork Stronger,
butan Early Advance Is Not Sustained.
MONEY, BONDS AND STOCKS.
9ulet in the Railway Bond Market-stocks
Feverish and Irregular.

Gulet in the Railway Bond Market-stocks
Feverish and Irregular.
NEW YORK, May i.-Money call was easy at
HOS per cent.
Prime mefeantile paper. 405 per cent.
Sterling exchange was dull, but steady and un.
shanged.
The total sales of stocks, to-day, were S24, 303
shares including the following: Delaware, Lacka-
wanna & Western, 32,875; Delaware & Hudson,
1890; Ege. 16. e55; Kansas G. Texas. 300; Lake
Shore, 53,245; Louisville g. Nashville ss05; New
York Central, 1497O Pacific Mail, 10,910; Peoria,
Decatur & Evansville, $500; Reading, $50; st.
Paul. 1000; Union Pacific $500; Western Union
- ITO; Northern Pacific preferred. IL, $780, Oregon
&Transcontinental, 6,320.
Governments were dull and steady to-day.
State bonds were nominal.
Railroad bonds were quiet the total sales being only
81, 167 900, of which $3.50 900 were Erie second
e0nsols. Prices generally sympathized with the share
market. Chesapeake 81 Ohio SKIES. series b. coupon
ssf are down o. Louisville & Nashville consols, 3l2
Nickelplate frsts 3as; Green Bay seconds incomes
agAinst Sc, All, 600 last week.
Stocks were unusually feverish and irregular with
prices showed only small changes, and dur.
ing the FIRST hour than one-tkird of
the days business was transacted, the
trading being accompanied by small declines.
The market controlled almost wholly by the news
regarding the strikes at Chicago. and these
nee-ly all of an unfavorable character. Both bulls
sRd bears ccncede that the country is to be thrown
into general disorder securities must much lower
While the news this morning from ST. Louis and
from this city favorable, that from the Northwest
the reverse and the most serious that has been
published since the beginning Of the strike on
The Southwestern system The lowest prices
to-day were reached about 130. Although the market
was comparatively dull the movement was decidedly
irregular from that time until o'clock and in some
reaction of nearly per cent established.
The result of the days operation is however extreme
H irregular, several prominent stocks showing little
or change, while majority of the list is down
from ls to Sc per cent few stocks higher, the
most representative ones being Erie 3s Louisville &
Nashville, 81, and New Jersey Central and Texas Pa
ei6c e EACH The exceptional declines in Chi
eAgo, Burlington & Quincy, la; Milwaukee Lake
Shore q Western preferred, LIS; Lake Shore and
Union Pacific, each, 7s; st. Paul aa Lackawanna q
per cent Lake Shore reached 773s but recovered 50
per cent. in the late dealings.
The total sales for the day were 324, 800 shares.
The market closed irregular but about steady for
majority of the lists Comparing prices this evening
with those of week ago, everything is lower. The
heaviest decline has been made by New York Consol
dated gas, Gle; next is Missouri. Kansas q Texas,
and Louisville Nashville each 43s; Lake Shore and
Delaware & Hudson, each. 37e; Texas Pacific and
Pacific Mail 33e. The total sales for the week were
1922, 96S shares, against 922, 945 last week.