The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-09-17
CONDITION OF THE MARKETS
Wheat Declines Slightly, but Finally
Rallies and Closes Fairly Firm.
Corn Weak and Lower Under Heavy Specula-
tive 0fferings-0ats Heavy and Unchanged
Very Active Trading in Provisions.
MONEY, BONDS AND STOCKS.

Higher Prices for All Active Stocks-Railway
Bonds Quiet and Firm.
NEW YORK, Sept. 16-Money on cali loaned
at from 406 per cent, closing at 5 per cent.
asked
Prime mercantile paper, 405 per cent
Sterling exchange was steady and unchanged.
The total sales of stocks to-day were &c, 923
shares, including the following: Canada South
ern, s,l25; Delaware, Lackawana & Western,
22,39o; Erie. $3.50; Lake Shore, l4,54O; Louis
vile s. Nashville, 11,277; Missouri Kansas &
Texas, a. 165; New Jersey Central, 1920; Pacific
Mail 7,765; Reading 81, 1872 ST Paul, POOLS;
st. Paul & Omaha, $40; Texas Pacific, 3. los;
Union Pacific, 1850; Western Union, II, 44o:
Northern Pacific. preferred, 1885, Oregon &
Trauscontinental, 4,775
Government bonds dull but strong
State bonds were dull and steady.
Reading was the one feature of to-days mar
ket, the business in that stock being about one
fifth of the ertire business done. Many rumors
were afoat In regard to the property, but they
all agreed that compromise between the oppos-
ing interests either had been or was about to be
contaminated. In fact. many kilograms were
received from Philadelphia saying that a settle.
ment had been effected. There was no official
confirmation either way, however. The only ex-
pertinent in the market was furnished by Read
ing, the buying coming from all quarters, but
there was free supply, and the stock ad-
vAnced but little after the opening. Jer-
sey Central materially helped by the
stories about Reading and it was announced
that it was receiving large remittances from the
latter company. There was considerable trading
In Louisville q Nashville, Union Pacific and Pa
cific Mail, which were notably strong. Outside
of the stocks mentioned, however, fluctuations
were small and the dealings of little interest al
though there was active trading in st. Paul,
nNlZa T,alya pA To do
the latter being the strongest stock on the gen.
eral list. The opening was comparatively quiet,
though firm, first prices being generally ] to I
above closing figures of last evening Reading,
however, was up I, and Delaware e Hudson g.
There was some heaviness apparent in the early
trading, but this disappeared before IL
o'clock, after which prices moved up
slowly but stsadily throughout the
remainder of the day. The afternoons market
however, was dull, and was unrelieved by any
feature except a sudden squirt of per cent in
New York, Susquehanna & Western preferred,
and one of rsr cent. in Cincinnati, Indianapo-
lis, St Louis & Chicago. There was more
strength displayed in the last hour than at any
time during the afternoon, and the market
closed quiet but strong at the highest figures
reached Jersey Central being the special feature
toward the close. The total days business was
Lackawanna, $780, and ST. Paul, 2O,915
shares. Lake Shore, Union Pacific,
Western Union and Louisville e. Nashville
made sales of between 10 600 and 10000 shares
EACH The net result of the days transactions is
On advance of almost everything on the active
list Texas Pacifc being the only notable excep-
ton. with decline of 8; Jersey Central and
Lackawanna are each up Il: Reading and Can
ada Southern, each, Ii; Pacific Mail, l; Union
Pacific, ].
Railroad bonds were quiet and firm through
out the day, but utterly without feature. The
days business was $765, 800. Final prices gener-
ally show fractional advances, but Erie tours are
mp 3. at l16; Lake Erie e. Western frsts s. at
105 Detroit, Marquette & Mackinac incomes g.
at 25; Northwestern consols lost II, at 14l; Gal
weston, Harrisburg g. San Antonio frsts 2, at
l08 Closing quotations were