The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-09-09
CONDITION OF THE MARKETS
Wheat Rules Fairly Active on Moderate
Buying and Closes Slightly Higher.
Corn Opens Easy, but Rallies and Closes at Bet
ter Figures-0ats Steady and Unchanged
Provisions Bring Better Prices.
MONEY, BONDS AND STOCKS.

Railway Bonds Quiet and strong-Stocks
Dull but Slightly Higher.
NEW YORK, Sept 8.-Money on call was
easy at Sac per cent, closing at per cent.
asked.
Prime mercantile paper, 405 per cent.
Sterling exchange was steady at 81. 814 for
sixty day bills and 81 s4a for demand.
The total sales of stocks to-day were l41 1928
shares including the following: Delaware, Lack
Rwanna 6 Western. 5, 73O; Erie. 1884, Lake
Shore, $3.50; Missouri Pacific, 360O North,
western, 9,1OO; Ohio & Mississippi, 1000; ST.
Paul, 81, 185; Western Union, 1888 Northern
Pacific, 1884
Government bonds have been dull, and quota
tons for the tours are higher.
State bonds have been dull and firm.
Railroad bonds have been quiet and firm to
strong. The business which was rather heavy
and dull in the forenoon showed much more
activity and strength later in the day. The
sales for the day were 100000 There was a
we'll distributed business, but no feature of in
teresE Final prices generally show advances.
but for small fractions only in a majority of
cases. Norfolk & Western general gained 81 to
15 Utah extension frsts III, to SCI; Lake Erie
& Western incomes, 2, to 30; Indianapolis, De
catur 81 Springfield incomes, 2, to 81; Albany &
Susquehanua consolidated SKIES lost 2, at 1922
Chicago st. Louis and New Orleans fives f. at
116.
The stock market during the morning hours
was one of the dullest for many days, and, with
the exception of a slight movement in New
York q New England, was absolutely without
feature. The statement of the Western Union,
however, was favorably regarded on the street,
and buying of that stock was especially brisk
just after noon, resulting in a natural advance
in its price. The Chicago people also took hold
Of st. Paul and it responded quickly, the out
look for the formation of permanent pool being
considered good. The most marked movement
OF the day, however, was in Missouri Pacific,
which was spurted mp about per cent. the
bright prospects for the stock in consequence of
the scaling down of the interest on ST. 000 600
bonds to per cent, which is said to be equal to
per cent. on the stock The general market re-
sponded to the mpaired feeling in the several
specialties named, but was quiet throughout. The
London element did very little in the market
to-day. Loaning rates for both stocks and
money were easy. The market opened about
steady first prices showing slight changes only
from the closing figures of yesterday. although
Delaware d Hudson was down per cent The
business was unusually dull up to noon and an
advance of per cent in New England was the
only movement in prices, but Western Union
was moved up rapidly after IL o'clock, ST. Paul
followed, and there were also sharp advances in
Missouri Pacific and st. Paul q Duluth, the gen
eral market being firm to strong, and closing at
about the best figures reached. The days bust
ness was 14l. 828 shares. ST. Paul was the only
active stock, iJa sales reaching 27 1876 shares;
Western Union was second, with 10 978 shares
The net result of the days business was a gen.
eral advance throughout the list, Missouri Pacific
being up per cent, but the others for frac-
tional amounts only. Closing quotations were: