The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-08-13
CONDITION OF THE MARKETS
Wheat Advances Throughout the Day,
Closing at Nearly the Best Figures.
The Reports from the Corn. Growing Regions
Cause That Cereal to Advance--Mess
Pork Quiet and Strong-Lard Higher.
MONEY, BONDS AND STOCKS.

Money Easier-Bonds Dull-stocks Irregular
and al Times Feverish.
NEW YORK, Aug. l2-Money on call ruled
sasier, ranging from to 10 per cent; closing at
9a3 per cent Prime mercantile paper 405 per
cent Sterling exchange weaker actual rates
AAs204s2l for 60 day bills. and 81 s31 o. "a for
demand.
The total sales Of stocks to-day were 225,504
shares, including the following. Erie, 146OO
Delaware, Lackawanna g Western, 80. 750; Kan
sss 3 Texas s.9O5; Lake Shore. 1884, Louisville
s. Nashville, 5,316; Northwestern, s.625; Man
haitian & Connecticut $685. New York Central,
1926; Reading 6,20O ST. Paul. 15 72O; st. Paul
s. Omaha, IL, $50; Texas Pacific, 2l,615; Union
Pacific, 5000; Western Union, 6.275; Northern
Pacific preferred, 1912; Oregon Trarsconti-
mental, $500.
Government bonds were dull and lower.
State bonds were duh and steady.
Railroad bonds were quiet and generally heavy.
fetal sales to-day, $2,s76, 500. The increase is
chiefly accounted for by the increased activity in
Erie second consols, which, under heavy buying
for European account, furnished 1927, 800 1t is
understood there has been considerable selling
Of bonds by banks, chiefly in order to keep their
reserve within legal limits Prices throughout
the day were heavy, and important advances are
rare.
The stock market o-day was irregular and
feverish at times This was caused by the I'M
equal action Of different forces. The bulls are
nervous over the increasing rates for money and
the beafe on account of the slowness of the mar
ket to yield under favorable conditions The
market to-day was aided first by the pur-
chase for foreign account, and latter by the
further reduction In the rates for sterling ex-
change. The unfavorable Influences were the
financial situation and the reports of further
damage by hot weather in the West. There was
continued hammering by local operators through
ont the day. Texas u Pacific was the conspicu-
O6sly weak stock upon the unfavorable outlook
under the new combination for reorganization:
Manhattan made further advance, but business
IN both it and the Wabashes was confined within
barrow limits Prices at the opening showed
irregular changes, which were, however, gener-
ally within per cent of last evenings
final figures New York Central, however
was MP 4 and Delaware & Hudson, and North
efn Pacific preferred, each : per cent. and
Louisville & Nashville was down l. Prices gen
orally declined in the early dealings but for
only fractional amounts, which were generally
recovered, after which the market remained
steady until afternoon, when a general decline
took place, which was checked In the last hour,
and the market closed firm on the rally. Final
prices generally show declines. and Norfolk g.
Western preferred is down Ii Texas & Pacific.
II; Canada Southern, ner cent, and .S.nerrs
fractions. Manhattan Consolidated was the
6nly conspicuous exception, showing an ad-
vance of per cent. Closing quotations were