The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-06-20
CONDITION OF THE MARKETS.
Wheat Exhibits a Slight Increase of
Strength, and Folds It to the Close.
Corn and Oats Firmer, in Sympathy with
Wheat. Closing Fractionally Higher-Pro-
visions Close Steady at Friday Figures.
MONEY, BONDS AND STOCKS.

hallway Bonds Generally Higher-The Stock
Market Quiet but Strong.
NEW YORK, June 19.-Money on call was
Sasy at II 021 per cent
Prime mercantile paper. 465 per cent
Sterling exchange was firm and unchanged.
The total sales of stocks to-day were 301, ISL
shares. including the following Delaware, Lack
awanna & Western. 35. s35; Delaware s. Hudson.
k,672; Erie, 1850; Kansas u Texas, 2s. 525; Lake
Shore, II, 4S0; Louisville & Nashville 1880;
Northwestern l6. 100; New Jersey Central, 4, 446;
New York Central 1855; Pacific Mail, 5,040;
Reading. 4.430; ST. Paul, 1868; ST. Paul &
Omaha, $685. Texas Pacific, $780, Union Pa
eifc, 81, 655; Western Union, 81, 1877; Northern
Pacific preferred, II, 685; Oregon s. Transconti-
mental. 9,0S5.
Government bonds quiet and steady.
State bonds were dull but firm.
The sales of railroad bonds were So, 725, 900.
Niekel-plate trust receipts furnished $780, 000
St, Joseph & Grand Island firsts 1924 O00 and
Erie second cousos 1908. 000 Final prices gen.
orally show advances.
Rumors of the trouble between the Rock
Island and St Paul road gave the room traders
On the bear side. aided by some selling by Lon
1on, an opportunity to drive prices down little
Ia the early morning. A large short" interes t
In Western Union began to cover, and the price
was advanced rapidly until the meeting of sew
pral large stop orders checked the advance for
hhe time Later there were several rumors in
regard to trunk-line affairs, generally of favor
able character, and these were helped
BY the strength In Union Pacific caused
BY the, belief that the sale of
bonds recently bought will place the
company in good financial condition. There
was good buying in Northern Pacific upon the
reported sale of land, which, if true, would re-
hire some $4,000 shares of preferred stock. The
pumor, however, was later contradcted. The
"bulp portion of the room traders is now largely
In excess of the other side, and, account of
bhe absence of most of the larger traders at the
yacht race, they met with no opposition, and
prices were marked up freely, and the market
Blosed strong. The market was irregular at the
opening, but first prices showed only in
plosing figures, although Pacific Mail and Union
Pacific were each up per cent. and Omaha
common was per cent lower. There were some
further declines in the early trading, but the
market soon rallied, and prices. for the space of
an hour, advanced rapidly, especially in Mis-
souri, Kansas & Texas and Western Union
Later in the day, however, the advance was
more quiet, although towards the close the coal
stocks made squirt and the market closed
strong at or near the best figures reached. Every-
thing on the active list is higher, L. q N. being
up IL; Union Pacific, III; Missouri, Kansas &
Texas, Ia Lackawanna, L.; Delaware q Hud-
son, per cent, and the remainder fractions.
Missouri Pacific is down IT, ex dividend of per
sent. There was active trading in the Wabash
stocks assessment paid, and the common thows
en advance of IL and the preferred of II. St.
Louis 81 San Francisco stocks were also remark
ably active and strong, the preferred being up |
and the common II per cent on the renewed
balk of the settlement between Lake Shore and
Eickelplate, the preferred of the latter advanc-
ing sharply to day, and is up per cent. Closing
quotations were