The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-08-02
CONDITION OF THE MARKETS.
Speculation Less Active, but the Vol
ume of Trade Is Still Undiminished.
Corn Shade Higher, Though the General
Temper Was Easier-PrOvisions Firm and
Trife Higher than Fridays Closing.


Railway Bonds Quiet and Generally Steady
"A Few Breaks in Saturdays Dizziness.
NEW YORK, July 3L-Money on call was
sasy at II 02a per cent
Prime mercantile paper, 405 per cent
Sterling exchange was dull and unchanged.
The total sales of stocks to-day were 155, GIL
Bhares, including the following: Delaware,
Lackawanna 6 Western. 1900; Erie. 3.510;
Kansas & Texas, 1856; Lake Shore, 1902;
Louisville e Nashville. ALAS; Northwestern;
$780, Pacific Mail, $40; Reading, $500; St.
Paul. IA. 43O: Texas Pacific. 1895; Union Pacific,
3,V35; Wessern Union, 1850; Oregon & Trans
continental, 1850
Government bonds were dull and steady.
State bonds were dull and firm
Railroad bonds were quiet and generally
steady. Sales, 81, $780, about $l12, 600 In ex-
cess of those of yesterday. Indiana, Blooming
ton & Western incomes were the only active
bonds on the list and are II per cent higher, at
314. The general list was quiet and steady;
Denver g Rio Grande Western frsts. assented.
are up /, at s44; Chicago, ST. Louis g New Or
leans fves, 2 at 1l9; Louisville g Nashville, st.
Louis division seconds. 2, at 81; Texas & Pacific
terminals II. at 5l1. Indiana. Bloomington &
Western seconds are down !, at 76. The total
sales Of bonds for the week were $14, 800, 600,
against $40. 94l. 600 last week.
TO-days stock marzet, while presenting the
usual Saturday dullness was enlivened by sew
eral movements in different stocks on the list.
In the early morning special activity and strength
we're shown by the Missouri, Kansas & Texas,
principally on the extension of the money pool
among the Southwestern roads. The Wander
bits continued their upward course London
again being free buyer. The rise was accompa-
MED by report that the dividend would be In
ereased later on In the year, and the story of the
union of the Vanderbilt lines into corpora
sion was again revived. The afternoons trading
was marked by an advance in Lackawanna and
the Changers. The movement in the first named
was caused by the buying of q prom
inent operator closely identified with
cago were more hopeful to-day, and it
Is believed that the Chicago party has or is about
to change front on their speculations. Opening
prices were generally from to per cent high
or. In the early trading, the Vanderbilts and
Missouri, Kansas 81 Texas monopolzed the busi-
when the market became extremely dull
and featureless, but in the last
hour the buying of Lackawanna and
the stories in regard to the settlement
of the suit against Western Union revived the
interest in the market, and it closed firm at
about the best figures reached. Final prices to-
might show net gains for almost everything on
the active list Colorado coal is up ], and Michi-
gan Central II. Comparing prices tonight with
those of week ago, everything shows material
advances. Michigan Central heads the list with
81 New York Central, 4s; Missouri Pacific, A.
Texas & Pacific. q; Lackawanna, q; Lake
Shore, 2, and others lesser amounts Closing
quotations were: