The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-06-24
CONDITION OF THE MARKETS.
Wheat Fluctuates in a Narrow Range
and Closes at Somewhat Lower Prices,
Ehe Weakness Being Caused by Threatened
Renewal Of the Railway Strikes-Pro-
visions Strong and Slightly Higher.
HONEY, BONDS ANp sTocKs.

Galway Bonds Active but Irregular--Stocks
Steady and FractionaiIy Higher.
NEW YORK, June 23-Money on call was
tasy at II a3a per cent
Prime mercantile paper. 405 per cent.
Sterling exchange was dull and unchanged.
The total sales of stocks to-day were 267. 1873
shares, including the following: Delaware,
Lackawanna 6 Western, 26,010; Erie. $3.50;
Kansas 6 Texas. 1895; Lake Shore, 1894;
louisville & Nashville, 1l490; Memphis &
Charleston $780, Northwestern, Ii, 100; New
Jersey Central, 1850; New York Central, A.
$50; Reading, 1l,600 St. Paul, 1885, St.
Paul & Omaha, 5000; Union Pacific, IL, 705;
Western Union, 81, 1870; Wabash Pacific, 1927;
Northern Pacific preferred, $780, Oregon g.
Transcontinental, 9.285.
Government bonds were quiet and quotations
All higher
State bonds higher; dull but firm.
Railroad bonds were active, sales, So, 085, 800
Final prices show irregular changes, but gener-
ally in favor of higher prices Lake Shore
nrst coupons are up II, at 134s; South Carolina
seconds, 3, at 8s; Mobile & Ohio first debenture,
n, at COZ, and second debenture q, at 86a, and
South Carolina incomes 2, at 269; Utah Southern
extension sevenE are down B, at 80
There special news to affect stocks
during the morning beyond that which alleged
that the Lake Shore strike was declared off
There was a better feeling all around
4. and under the leadership of Western
Union the market made material advances
1t was again rumored that negotiations were in
progress between the Western Union and the
Baltimore q Ohio, and there was considerable
covering in shorts" 1t was also rumored that
Chicago traders were covering shorts in Lake
Shore as well as Western Union and informa-
ton was disseminated indicating that the earn
ings of the Western roads still continue to show
increases The strength displayed by the South
ern and Southwestern stocks was the feature of
the afternoon but in the latter part of the day
there We're further rumors of trouble on the
Lake Shore and the market again became re-
ptricted and quotations fell off, although the
marsst closed about steady and near the best
prices of the day. Opening prices generally
showed an advance of ! to per cent, while
Louisville 81 Nashville was up 3, and
NJ, K. & T. and Omaha each ! per
cent Reading and Pacific Mail were eacf 1
per cent lower. There was moderate business
only, but extraordinary strength was developed
IN Western Union, and prices continued to ad-
vance until about noon, after which time the
"bears" made drive at Lake Shoro, which
broke of Ii per cent, and the general
marke.. sympathized to limited extent.
In the last hour, however, Western Union
again advanced sharply, and the general
market recovered it's steady tone, and 50 closed.
The feature of the day was Western Union, and
It led the market in point Of activity. Every
thing is higher to night. Western Union gained
3 per cent, and the rest OF the active list frac
tonal amounts only, but, among the specialtles,
Nashville s. Chattanooga is up q, and Louisville
& Nashville per cent Closing quotations
were: