The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-03-30
CONDITION OF THE MARKETS.
Wheat Opens with Strong Feeling, but
Heavy Offerings Cause Decline.
An Easier Feeling and Lower Prices in Oats
and Corn-Mess Pork Easier and 80 Cents
Lower than the Prices of Saturday.
MONEY, BONDS AND STOCKS.


Railway Bonds Strong on Small Business
Stocks Affected by Strike Uncertainties.
NEW YORK, March 29-Money on call was
Easy at 2a3 per cent.
Prime mercantile paper, as per cent.
Sterling exchange wasdullbu steady at 81 86a
Tor sixty days and 81. S8! for demand.
The total sales of stocks to-day were 356, 500
shares, including the following: Canada South
un, 3r195; Delaware. Lackawanna & Western,
7,325; Delaware 6 Hudson. 8,074; Erie 10, 100;
Kansas & Texas, 10, 440; Lake Shore, DC. 1875;
Louisville & Nashville, 1926; Northwestern.
1910; New Jersey Central, 4,343; New York
Central, 1925; Peoria, Decatur & Evansville,
10. $50; Reading 5, 725; st. Paul. Al, 145; Union
Pacific, 20, 666; Western Union, 10, $40; Northern
Pacific preferred, 10, 500; Oregon & Transconti-
mental. 1900.
Government bends dull and steady.
State bonds were quiet but firm.
There was only small business in railroad
bonds, and prices sympathized with the share
market, being strong in the morning and about
steady the remainder of the day. Business was
10 most cases.
The general impression at the Stock Exchange
this morning, before opening of the board. was
chat the strike on the Gould system of roads had
been settled definitely and absolutely, and when
the market opened first prices showed very de-
eided gains over the closing figures last week,
Che advances ranging from ] to nearly per
cent There was q rush by the shorts" to
cover. and another rush by the longs" and for
q short time the excitement ran high. Before
che end Of the first hour it began to be whis-
pered, however, that there was hitch in the
negotiations and Mr.. Gould, il was alleged, was
authority for the statement that he had made
NO overtures whatever to Mr.. Powderly, and
that the dispatches to Mr. Hoxie had been writ
ten before he saw Mr.. Powderly yesterday; and,
later i6 was stated that the Knights had refused
20 resume work until after their differences had
been arbitrated. The changes rung on this lat
Ger statement lasted the remainder of the day,
and at 8 o'clock Wall street was uncertain as to
WHISTLER work had been resumed or whether
nothing would be done until further negotia-
tons were settled. The market. consequently,
was hssitating one. with dropping tendency
after IL o'clock. At times there was decided
weakness, but there was rally just be-
fore o'clock, the market finally closing
Arm at from small fractions to over per cent
higher than Saturdays closing, the greatest net
gain being made by Missouri Pacific, which
shows an advance of per cent. Texas Pacific is
up (, Southern Pacific and Chicago, Burlington
b Quincy each Ii. The coal stocks were strong
In the morning, but on report that the confer
ence Of presidents at the Pennsylvania Coal
Company's Office had adjourned for lunch with
ont having reached decision, Lackawanna fell
!, and closed at 1893. gain of per cent. Della
ware g Hudson is up !, while Reading shows a
loss of T. the only stock in the active list that is
lower The grangers and the Vanderbilts were
quiet except Lake Shore. which developed con-
siderable weakness in the afternoon, but rallied
and closed with gain of g.
The market closed with the following prices
bid: