The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-02-21
CONDITION OF THE MARKETS.
All Commodities Dull and Featureless
the Greater Part of the Day.
Wheat Declines, but Finally Receivers the Lost
GrOund-Corn Dull-Proyisions Prac-
tically Without Change in Prices.
MONEY, BONDS AND STOCKS.

Railway Bonds Compar atively Quiet-Stocks
Irregular and Generally Heavy.
NEW YORK, Feb 20.-Money on call was
easy at II az per cent.
Prime mercantile paper, dos per cent
Sterling exchange was dull but steady at "a. 87a
for 60 days. and 81 S9a for demand.
The total stock GALES to-day were, $50, 800
shares, including the following: Delaware, Lack
ayanna & Western, l54, 225; Delaware & Hud-
son. 49, 100; Erie, 81. o65; Kansas g. Texas, 5000;
Lake Shore q, 62O; Louisille Nashville 10, 100;
Northwestern, 6.180; New Jersey Central 80, 900;
New York Central. 14,325; Pacific Mail, It, 364;
Reading, 2G, 666; ST Paul. Is 635; Union Pacific,
1880; Western Union, 8, 7s0; Northern Pacific
preferred, II, $50.
Government bonds were dull and steady.
State bonds were active and firm.
Railroad bonds were comparatively quiet, on
widely distributed business. The closing prices
were irregular, with moderate advances and de-
elines, compared with yesterday. The total
sales were ST. 800 900, and for the week $23, $780,
OOO, slight gain over last week.
INTEREST," in stocks was developed by the news
affecting the reorganization of the Reading COM
pany, and by the eifectof that news upon the
coal stocks, especially Lackawanna. Rumors
were ahoat early this morning that Mr.. Gowen
had secured the Reading stock held by the Van
derbilts, and also a sufficient amount of money
to prevent foreclosure 1t was not, how
ever, until shortly before o'clock
that it became generally admitted
that the transfer of Reading stock had
been made from the Vanderbiits to Mr. Gowen.
This tact, however, along with che statement as
to Mr Howens success in obtaining the required
amount, explains the weakness in Lackawanna
for several days past The trading in Lacka-
wanna to-day amounted to 154, 225 shares,
aud it, required six. of the next most
active stocks to make up as much more
leaving only 800 shares to be divided among
ali the other issues traded in. The stocks which
como next to Lackawanna were Jersey Central,
Erie. Reading and Union Pacific. Lackawanna
opened lower, at 128 and was very feverish
throughout the day, selling in the morning at
1881, then at 1865, then to 1888, and at midday
at 1879 Before o'clock it broke TO 1864, and
continued todecline to 125 There was aquick rally
70 1885, another break to l25S and the stock closed
at 1861 a net loss of 81. Delaware q Hudson
sey Csntral is down Ii. The encouraging pros
poets Of Reading caused an advance to 254 it
closed. however, at 24s, net gain of Il. The
remainder of the list was comparatively steady.
The closing prices show losses of / to in most
eases. The market closed irregular but generally
heavy.
Comparing prices with those of last Saturday,
everything is lower, Lackawanna showing loss
of 81; Pacific Mail 81; Delaware 81 Hudson 81;
Union Pacific. 81 Central Of New Jersey, 81;
Milwaukee and Lake Shore preferred however,
sales for the week were q 400 500 shares, against
2,743 $40 last week.
The market closed with the following prices
hid: