The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-06-09
CONDITION OF THE MARKETS,
Active Speculation in Wheat, but the
Market is Weak and Prices Lower.
Corn Holds Up for a Time, but Finally De-
clines in Sympathy with Wheat-Provis-
ions Experience Rather Sharp Decline.
MONEY, BONDS AND STOCKS.

Increased Activity in Railway Bonds-St0ckf
Close Steady After Irregular Changes.
NEW YORK, June 8-Money on call was
easy at II o2a per cent.
Prime mercantile paper, 405 per cent
Sterling exchange a shade frmer. at nm
shanged quotations.
The total sales OF stocks to-day were 90, 942
shares, including the following: Delaware, Lack
Awanna 6 Western, 1880; Erie, 6,S75; Lake
shore, %, s55; Northwestern, 1925; New York
Central, 1880; st. Paul, 42,545; St. Paul &
Omaha, 10.770; Texas Pacific, 1850; Union
Pacific. l0,9l5; Western Union, 22,290 Oregon
Transcontinental, IL, 200.
Government bonds dull and lower for fours
today.
State bonds were neglected.
Railroad bonds showed increased activity, the
sales being $3O6O5OO The most active securi-
ties were Canada Southern seconds, Erie sec
Dnds, Nickel-plate trust receipts, Missouri, Kan
sas & Texas SKIES, and Texas & Pacific Rios. in
the order named. 1t was stated that there was
q hitch in the negotiations between G. P. Hunt
Ington and the Houston & Texas bondholders,
but the officers of the company declined to talk
In regard to the matter The market was strong,
and closing prices generally showed gains
New York; Lackawanna & Western seconds
gained y, at ll23; Louisville, New Albany d
Chicago frsts. 2, at III; Nickel-plate trust re-
eeipts, 2, at &C., and st. Louis, Kansas City &
Northern Omahas, 80, at 97a.
There were various rumors af1oat affecting
stocks. There was considerable talk about the
Nickel plate settlement matter, and though par
hes in interest on each side deny any knowledge
whatever, Nickel plate felt the stimulus occa-
stoned by the rumors, while Lake Shore re-
NAMED unmoved. There were reports of dam
bge to the crops in the Northwest, and also of
discussions among the roads in that region. but
The erangers led the rise, Tbs action of the
Western Union executive committee in refer
ring the question of dividend to the full board
1t their meeting tomorrow broke the price of
Western Union over per cent. There was a
squirt in money this afternoon, caused by the
bame broker who ran the price up to
per cent one day recently, In the
absence of lenders on the floor, the
same tactics being repeated to day. Stocks
were quiet and irregular at the opening, but
prices were within to of the close of last
evening. Louisville 81 Nashville was down B,
And Union Pacific :. Prices shaded off slowly
until / o'clock, when there was good buying in
she general list and prices showed some improve
ment. Toward the close, weakness was again
noticeable, especially in Western Union, but a
large buying order was met and the market
closed steady at irregular changes. The active
list, however. shows slight declines in a majority
Of cases. Western Union is down II, Union
Pacific II, and Oregon Transportation II. Min
nesota & st. Louis preferred is up Ii, and sew
pral other stocks fractional amounts Closing
quotations were: