The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-01-31
CONDITION OF THE MARKETS.
Dull and Listlcss Feeling in Wheat,
Prices Ruling Moderately Steady.
Corn Shade Firmer on Small Business
Speculative Purchases Cause an Advance
in 0ats-Better Feeling in Provisions.
MONEY, BONDS AND STOCKS.

Continued improvement in Railway Bonds
Stocks Strong and Moderately Active.
NEW YORK, Jan. 30.-Money on cali was
sasy at 1a92 per cent.
Prime mercantile paper, 405 per cent.
Sterling exchange was quiet, steady and I'M.
Shanged.
Shares, including the following: Delaware
1ackawanna & Western. $500; Delaware 6
Hudson G. 905; Erie, 9,010 Kansas & Texas, 1854;
Lake Shore, %. 140; Louisville & Nashville, TO-.
216; Missouri Pacific, .136; Northwestern 49, 355;
New York Central, 1870; Pacific Mail. 14,275;
ID. Paul, $780, Union Pacific, 9,525; Western
Union. 10, 400; Northern Pacific preferred. g, u.s.
Oregon and Transcontinental. 1855
Government bonds were dull and steady.
State bonds were fairly active and strong.
There is continued improvement in the rail
road bond market, both in amount of business
End in quotations, DUE in part, to the announce
ment of another government bond call and the
prospective increase Of the large surplus of
money seeking investments. The total sales to-
day were SO, 142, 900, of which the last Tennes-
see issues contributed $4,000, and the West
Shore tours 1892 600 The East Tennessee con-
solidated fves made further advance of IL. to
76, and the same, coupons off, Is. to SO. The
total sales for the week $l3430, 600, and for
the month of January, $50, $50. 900.
Stocks were decidedly strong but only moder
ately active. Although the opening was some
what irregular, nearly everything was fraction
ally higher, the greatest gain among the active
stocks being in Delaware Il Hudson, while Lake
Shore and St Paul were shade lower. In the
early dealings there was decided upward move
uaent ID Lackawanna. which rose / per cent.
Thereafter it remained firm at the advance until
later, when there was an upward movement.
which carried the price to 49,, and it closed
with "a net advance of ii. The Vanderbts show
only slight changes. A "bear" raid was made upon
Lake Shore after noon, driving the stock down
to 84s, but it rallied sharply the moment the
pressure was withdrawn, and closed at 85s a
decline of I. 1t is the only stock on the active
list that is lower. There was active buying Of
the ex-Villard stocks, which considerably puz-
zled board room traders, az it did not appear to
come from the old friends of those companies.
Northern Pacific preferred closed at its high
est price of the day, and shows an advance
OF III. Oregon Navigation is also II higher.
Pacific Mail after selling at SO, closed at 57a-a
gain of Ii. On small transactions there was a
decided upward movement in Missouri Pacific,
and it closed with an advance of "a. The up
ward movement to day was made in the face of
numerous reports. all tending to show that there
was general Generalization in both freight
and passenger rates, not only in the West, but
also on the seaboard. This was also true of the
coal trade, which is described as being in as bad
condition as was ever known
Prices this evening. as compared with last Sat
urday, show advances. generally. of to per
cent the latter Louisville e. Nashville, which is
up Al; Missouri Pacific gained 81 New York 81
New England, g. Delaware 6 Hudson. 81 Lack
awanna and Pacific Mail, each, q, and others
small amounts. On the active list nothing is
lower. The total sales for the week were 2, 003 :
O03 shares; for the month of January, 8708 1856
- ~~1 oNe% 10 No
ing, as compared with the closing figures of Dec
81 are generally from to 6 per cent lower, al
though Pacific Mail is down 81. IIackawanna lost
81. and Delaware & Hudson 81 and others less
amounts
The market closed with the following prices
bid: