The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-08-19

Stocks Active but Weak.
NEW YORK. Aug. 1a-Money on call was
easier, ranging from to IL per cent, closing at
! per cent. asked.
Prime mercantile paper 405 per cent.
Sterling exchange was dull but steady at
A8ss for sixty days bills and 81 s32 for de-
mand
The total sales of stocks, to-day, were 406, 1853
shares, including the following Delaware,
Lackawanna & Western, 68, $50; Canada South
prn, 3,O75; Delaware & Hudson 4.540; Erie,
2l,00O; Kansas & Texas. 1920; Lake Shore;
1920; Louisville & Nashville, $3.50; North
western, % l2O New Jersey Central, SAT-;
New York Central. 1884, Pacific Mail, 9,9lO;
Peora, Decatur & Evansville. 4,665; St Paul.
A2370; st. Paul & Omaha, 1860; Texas Pacific,
l,4lO; Union Pacific, 1890; Western Union,
g1,3s7; Northern Pacific preferred 1882; Ore
gen & Transcontinenial, S,2l0
Government bonds were dull and weak
State bonds were dull and heavy.
Railroad bonds were quiet and generally
heavy.
The total days business aggregated 81, 473 000
The market sympathized with stocks and was
heavy to weak throughout West Shore firsts fur
hished $349 900 and Erie seconds $780, 600 of the
total sales, and were the only very active issues
The trading in other issues was well, though not
widely distributed. Chesapeake & Ohio south
western bonds are down 2, at 96; Northwestern
coupon gold. 2, at 1874; Denver & Rio Grande
Western frsts Ii, at 771. and the assented bonds.
81, at n; Detroit Mackinac e. Marquette irsts, A.
IT, Erie funded fves. 81, at 9la Nickel Plate
irsts, 81, at "a; Missouri, Kansas & Texas Sizes
Ia, at "a; Indiana, Bloomington & Western Sec
onds g. at 90; Missouri Pacific consols IL, at
1923; Wabash certificates, 2 at CO. and the Chicago
6ves, II, at S81.
The money market was again the chief factor
In the stock speculation to-day. There were also
reposts of rate cutting in the West received, and
the advices from the London market gave no
encouragement to the bulls. The general fear
of being caught short of money induced an un-
usual demand in the early hours and an active
business was done in the loan crowd at 6 q IL per
cent Later in heiafrernoon the demand ceased
and those who had borrowed more money than
they needed found no customers for their sur
plus, and rates fell at the close to per cent.
The only favorable feature of the morning was
the reported engagement of gold for shipments
TO this country.
The stock market was decidedly weak in the
morning, under great pressure to sell. and in the
hrst'quarter of an hour Omaha dropped i per
In the afternoon, in which Lackawanna was the
heaviest sufferer The easier rates for money
and the statement that the meeting at Commits
aioner Finks office was harmonious and had re-
solved torestore rates and maintain them caused
. general rally, in which Omaha was very prom
inent and the market closed firm. The opening
this morning was decidedly weak, first prices
being generally from ] to ! per cent. below
yesterdays final figures, while Louisville e
Nashville was off :. A drive was Immediately
made at prices by the ''bears and everything
declined sharply. This was succeeded by an
irregular and somewhat feverish market until
o'clock when another break took place. and the
lowest prices of the day were current at 2. P. M ;
but prices rallied in the last hour, the market
closing firm at quotations. Everything on the
active list is lower to- night San Francisco pre-
ferred is down Is; Lackawanna, II: Colorado
Goal, Ii; Pacific Mail, and Missouri, Kansas g.
Texas, per cent each, and others fractions
The market TO day when active was weak, and
the firm periods were accompanied by moderate
business only Closing quotations were: