The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-02-18
CONDITION OF THE MARKETS
Wheat Opens Weak, but Good Buying
Quickly Develops a Strong Feeling.
Unusual Activity in Corn Results in an Adj
vance in Prices-Provisions in Limited
Demand at Unchanged Figures.
MONEY, BONDS AND STOCKS.

Railway Bonds Unusually Active-The stock
Market Comparatively Dull.
NEW YORK, Feb. Iz.-Money on call ruled
easy at II az per cent. until near the close. when
the demand became active and advanced to 4,
closing strong at 8 per cent.
Prime mercantile paper, at 405 per cent
Sterling exchange was dull but steady and
unchanged.
The total sales Of stocks to-day were, 1878 8
shares, including the following: Canada South
ern, $3.50; Central Pacific, 1925; Delaware.
Lackawanna s. Western. 44,475; Delaware &
Hudson, 8,455; Erie, 80, 325; Lake Shore, 1880;
Louisville & Nashville, 12,475; Northwestern,
14,0S0; New Jersey Central. 18. 925; Ohio &
Mississippi, 3, ESQ; Pacific Mail, Is, 8l5; Reading.
O,583; st. Paul, 2,411; Union Pacific, $500;
Wabash Pacific, 3,0c5; Western Union. II, 629;
Northern Pacific preferred, 49, 1877; Oregon &
TranscontinentaI, 1920
Government btnds were dull and steady.
State bonds were dull but strong.
Railroad bonds continue very active, the sales
to-day aggregating S.. 26s, 600.
There was a very heavy speculation in Erie
second consols and funded fives, and moderate
activity in several other issues. INCLUDING Hook
ing Valley frsts, Canadian Southern seconds
and Fort Worth & Denver firsts. Prices gener-
ally show further advances, although the gains
are not as conspicuous as yesterday. The Erie
second consols made a further advance in the
morning of Al, but yielded in the afternoon and
closed at 1929, while the same, ex. June coupon,
sold from 86a to 882, and closed at 874. Other
gains include c., B. & @. sevens, q; Rock Island
coupon skies, q, and ST. Paul, !. & NJ. sevens,
81.
Stocks were comparatively dull. There was
q steady opening and in the early dealings a
small advance. From that time until 3 p. Nj.
the movement was up and down, although quite
irregular as to individual stocks, and the market
closed on one of the declines at or near the lowest
figures of the day for many of the usually active
sticks. None of the stocks were c~onspicu-
ousSy active. Lackawanna and Erie were
the most active. Great weakness was
developed late in the day in Reading and Jersey
Central, the former declining from rs to %, and
yielded from 1888 to 1881, and Delaware & Hud-
son from from 1918 to 1904. Western Union re-
manned comparatively steady until late in the
day. when it also sold off over ]. The general
list, while heavy, suffered only small fractions IN
the afternoons break. The result of the days
operations is a loss, as compared with last even
ing, of q per cent. with an exceptional de-
cline of Ii in New Jersey Central and Manitoba,
and II in Pacific Mail. The stock last mentioned
was pressed for sale in the afternoon by parties
who ere understood TO be long" of the stock.
The exceptions to the general rule are slight
gains for the Northern Pacific common, Texas &
Pacific and Western Union. There was an ad-
vance in Milwaukee, Lake Shore and Western,
from 5ehto 81, but it closed at 60, a net gain of
II. The market closed generally firm, although
somewhat irregular.
The market closed with the following prices
bid: