The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-08-06
CONDITION OF THE MARKETS.
Wbeat0pened Weak, Improved Sharpl.
and Closed with Slight Reaction.
Reports from the Corn-Growing Regions OF
the West and Southwest Stiffen Up
the Price Of that Cereal
MONEY. BONDS AND STOCKS.
Bonds Generally Quiet-The Active Stocks
Nearly All Higher.

Bonds Generally Quiet-The Active Stocks
Nearly All Higher.
NEW YORK. Aug. 5-Money on cali was
easy at 204 per cent
Prime mercantile paper, 405 per cent
Sterling exchange was dull and weak; actual
rates, 81 "a "A S433 for sixty day bills and 81 IS q
{ 85a for demand.
The total sales Of stocks to-day were 2f0. 53s
shares, including the following: Delaware, Lack
awAnna & Western, 1885, Erie, 10000; Kan
sas & Texas 1850; Lake Shore, 1880; Louis
vile & Nashville. 1856; Northwestern. e,8l9;
Pacific Mail, 6,9S5; st. Paul, 1850; st. Paul
s. Omaha, 9,94O; Texas Pacific. 1890; Union
Pacific, 4, ABS; Western Union, 49, $40; Wabash
Pacific, 1870; Northern Pacific preferred, 4,O70.
Governments were dull at unchanged prices
State bonds were dull and firm.
Railroad bonds were quiet and firm, except for
Texas e Pacific, East Tennessee and Chesapeake
& Ohio issues, which were active and strong.
Sales 90, 764, 800. or this over one-third was in
Texas & Pacific issues. The Rios coupon off.
furnished $54l,0O and the incomes $341, 900. OF
the other active issues, Atlantic q Pacific in
comes furnished $4l1, 900 and the East Tennes-
see incomes $685. O00 Prices were generally
strong and New Orleans Pacific firsts coupon
off are up q, at 77s; St Louis e San Francisco
class B, Ii, at ll7k Texas e. Pacific consol GER
tihcates g. at 104; Land grants 81, at SO; Rios,
coupon off, 81, at 66s; and the terminal Skies q,
ct "a; Rochester & Pittsburg consols 2, at 107;
Wabash trust receipts 2, at g.
The stock market to-day presented very few
features Of interest. There was almost no posi-
tive news, and rumors were scarce Dizziness pre-
vailed until the last hour, but prices moved up
slowly throughout the day, with no special move
ment until the Wabash were taken hold Of
Western Union was noticeably strong during the
morning hours, upon reports that the earnings
FOR July were unusually large. In regard to
Wabash, there was talk Of favorable develop
ments in the reorganization, most Of the buying
being for inside account The grangers were
helped by the favorable reports of the crop pros
poets. There was considerable discussion of
the rate-cutting among the trunk lines,
but the heavy business being done
at present prevents apprehension on
that score, and the trunk-line stocks were strong
with the remainder of the list The buying for for
eign account was noticeably less to day than
for some time past. Louisville 81 Nashville got
the bulk of the business The opening this
morning was fairly steady the differences from
last nights final figures being in no case more
than per cent At the last hour Wabash be-
same conspicuous for strength and business, and
prices were stimulated over the whole market,
which closed strong at the best prices of the
day. Almost everything on the active list is
higher tonight Jersey Central, Lackawanna
and Western Union are eash up II, Texas & Pa
cifc /, Wabash common II and preferred per
cent The remainder Of the active list is up
fractions. Union Pacific, however, is down J.,
and Pacific Mail per cent. The closing prices
were: