The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-07-22
CONDITION OF THE MARKETS
Wheat Very Duh and Featureless, With
No Marked Change in Quotations.
Corn Firm and Strong, Accompanied by Active
Buying-0ats Slightly Higher-Proyis-
ions Easier, Closing Barely Steady.
aIoNEY, BoNps AND STOCKS.

Railway Bonds Quiet and Ffrn1-Stscks AL
ternateIy Strong and Weak.
NEW YORK, July 2I.-Money on cali was
easy at 1ta2 per ceat
Prime mercantile paper, 405 per cent.
Sterling exchange was dull at $4.a5s for sixty
day bills, and "a s6s for demand.
The total sales of stocks to-day were 90, 936
shares, including the following: Delaware
Lackawanna & Western, 27,64o; Erie. 22,200;
Kansas g Texas, q 034; Lake Shore, %, 915; Lou
isyille s. Nashville 6,325; Northwestern, 6,250,
New Jersey Central. $3.50; New York Central,
$500; Pacific Mail. 1905; ST. Paul. 10, 1s5; Texas
Pacific, $780, Western Union, $3.50; Union Pa
cife, Is. $50; Northern Pacific preferred, $500.
Government bonds were quiet bat strong.
State bonds were very dull but steady.
Railroad bonds were quiet and generally firm;
sotal sales, 81, 00O The Texas Pacific Rios
we're first in activity their sales footing up $685.
000 It was said that the representatives of the
English bondholders had agreed to indorse the
plan of reorganization formulated by the Rio
Grande committee. and that Receiver Brown al
iotted to the latter $1,000 of receivers certif
Gates which they had applied for. The Missouri
Kansas & Texas skies were also active, their sales
being $4,000. and they are higher at 963
Iowa, eastern division, SKIES, are up g. at TO-
Houston e. Texas general SKIES q. at SO; North
ern Railway of California frsts are up 81, at
119a Iron Mountain l, at lie; p, D. g. E. in
comes 3, Mt 20; Denver g. Rio Grande Western
hrsts are down l. at 82a and the assented bonds
!, at SO. Northern Pacific hrsts ], at 116
The stock market to day, although recording
more business than usual last week, was yet
traders market only The market to-day was
subject to fits of activity and strength and vice
versa. Lake Shore was the prominent stock,
and was bought freely by London, as WAS also
Erie and Union Pacific. Union Pacific was
strong. The coal stocks were barely steady, and
Jersey Central weakened in the morning on the
adverse decision of ths New Jersey Court of Ap.
peals, but recovered later on the report from the
meeting of the committee the Bal
timOre 81 Ohio proposition. The room
traders were of bullish turn of
send, and material advances were made toward
the close. The opening, this morning was
steady, the extreme difference being an advance
Of I In Reading and decline of ! in New York
q New England. The market was alternately
strong and active, and weak and dull throughout
the day, and different stocks at different times
led the market, but q general advance took
place in the last hour, and the market closed
firm at about the best figures of the day The
inactive shares were absolutely featureless. The
closing figures generally show advances, Lake
Shore being up per cent, and others fractional
amounts. New York 81 New England was
lower, however. and several others smaller frac-
tons. Closing quotations were: