The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-01-04
CONDITION OF THE MARKETS.
The Strong Tone in Wheat Disappears
and Values Undergo Decline.
Heavy Receipts in the Northwest Given as q
Cause for the Weakness-Proyision Quiet
and a Shade Easier.
MONEY. BONDS AND STOCKS.

Stocks Active and Strong.
NEW YORK, Jan. Mooney on call was
easy at q as per cent
Prime mercantile paper, 405 per cent
Foreign exchange was dull at "a. 853 for sixty
days and $780, for demand.
The total sales of stocks to-day were 272, oS0
shares, including the following: Delaware,
Lackavanna & Western, 80. 225; Delaware &
Hudson, 1910; Erie. 80, 100; Kansas & Texas,
s,4OO; Lake Shore, 80, 10; Northwestern, l0,s50;
New York Central, 49, 425; st. Paul. $4,000; ST.
Paul & Omaha, 9,240; Texas G. Pacific, 1880;
Western Union. 7s10; Northern Pacific. pre-
ferred, 8, 760
Government bonds were dull and generally
steady to-day, but the threes were very weak.
State bonds we're very dull and generally
steady.
The sales Of railway bonds amounted to $685.
600. The business was well distributed, although
there was moderate activity in West Shore
tours, with sales of $500 OOo Canada Southern,
$514 900; Erie second conscls, $301 900, and less
business in Atlantic & Pacific incomes. The
prices this evening, as compared with last
previous sales, show irregular changes
the most important advances including some of
the issues of the l., B. & w, c.. B. & O., North
western. Louisville & Nashville, Mobile g. Ohio
and Peoria, Decatur & Evansville. The total
sales for the week. five days. have amounted
to $2l 94S0 O0 against $1l, ASS 900 for last week
Stocks opened active and strong First prices
were generally 303 per cent higher, and in
the early dealings there were in some
cases. further slight advances. This how
ever was followed by a decided reaction
during which some of the stocks yielded from
fractions to over / per cent. After the first
- -
continued so during the remainder Of the day.
The movement in prices was irregular 1t closed
quiet and heavy with sales for the day of 272-
600 shares The coal stocks developed consider
able weakness, on reports that trade was demon,
allied and that large sales of coal had been made
at very low figures. considerably lower than
heretofore reported. The difficulty among the
coal companies is understood to be in
regard to the output for the first three months
of the current year and the establishment of a
remainder OF the year The closing prices,
compared with those Of Thursday, show irregu-
lar changes. The coal stocks and Lake Erie &
Western were conspicuous for their declines of
tral, Omaha preferred and Manitoba show
gains of | to IL per cent There were
rumors that the Oregon Railway and Nav
igation Company had lost one of its
but the circulation of the story had little effect
upon the price of the stock, which opened at
107s and yielded only per cent. The president
of the company is authority for the statement
that, If the vessel should prove an entire loss,
without insurance or other compensation, its
loss cannot exceed $4,000 to the company.
While New York Central was strong all day, and
closed at the highest quotation reached, Lake
Shore exhibited considerable weakness in
the early dealings, selling down from SO
to ST., remaining comparatively firm during
the rest of the day. closing at 8Ss. net loss of
per cent Lackawanna yielded from 1851 at the
opening to 1924, closing, however. per cent.
higher, with a net loss of per cent. Del
aware & Hudson is down Il per cent Jersey
Central yielded fraction, while Reading shows
a net gain of !. Comparing prices this evening
with those of week ago, nearly everything on
the active list shows gains Missouri Pacific ad-
vanced III, and Manitoba 81. LackawanEa was
conspicuous for decline Of 4 per cent. The to-
tai sales for the five days of the week were
4, 807, $50 shares, against 1896 324 last week.
The market closed with the following prices
hid: