The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-08-09
CONDITION OF THE MARKETS.
Speculation in Wheat at a Low Ebb
and Fluctuations Very Slight.
Trading in Corn Little More ActiVe-Pro-
visions. After Ranging Higher During
the Day, Close at Fridays Prices.
MONEY, BONDS AND STOCKS.

Bonds GeHerally Dull-The Bank Statement
Assists the Bears.
NEW YORK, Aug. Mooney on call was
easy at 204 per cent. closing at 8 per cent
Prime mercantile paper, 405 per cent
Sterling exchange was dull and lower; actual
rates 81 1872 04844 for sixtyday bills and 81 S5i
04s5a for demand.
The weekly statement of the associated banks
shows the following changes;
Reserve decrease. .$4, 231 ,475
Loans, increase. ..-----..----.------- o,o41,OOO
specie increase Sao' so0
Legal tenders decrease o,ZoS.oOU
Deposits, decrease ACKNOWLEDGEMENTS. S96 900
Circulation, increase. loZ,IOO
The banks now hold So, 647. $50 in excess of
the 25-per-cent rule.
The total sales of stocks to-day were 250,39S
shares, including the following Delaware, Lack
awanna & Western, 26,650; Delaware 6 Hud-
son, 1862 Erie, g. 120 Kansas g. Texas, 1870;
Lake Shore. 14,470; Louisville g. Nashville,
$3.50; Memphis & Charleston, $500; Northwest
ern. l1.2l5; New York Central, 3,5e0; Pacific
Mall 1855; Reading. 1O,420 St Paul, To- 4l0:
St Paul 6 Omaha, 10, 500; Texas Pacific. "a, 1875;
Western Union. $500; Northern Pacific pre-
ferred, 1850; Union Pacific, Il. 070; Oregon and
Trauscontinental, 1926
Governmenb Dou0S were DUH ana unchanged
z State bonds were dull and steady.
Railroad bonds were quiet and rather heavy.
Sales, 50, 945 800 Erie seconds, exJune coupon,
aggregated $560,000 Texas & Pacific Rios. $441.-
900, and the incomes $318.0 600. Prices sym pa
thized with the movement in stocks and import
ant declines are numerous Denver q Rio Grande
trust receipts are up H. at 1112; New York,
SusquahaHna & Western frsts (coupon off Il, at
86a; Burlington, Cedar Rapids & Northern con-
sole, fves are down 81, at &c.
Little news affecting values was received to-
day, but there were any amount Of favorable
rumorS early in the day. and until noon the COM
plexion of the market was decidedly bullish.
Steady gains were made in most of the active
list, but upon the appearance of the bank state
ment the extraordinary loss in legal tenders
and further decrease of the surplus re-
selzed the opportunity to raid the market and
before o'clock prices had been depressed q II
per cent. Support was then given the market,
and prices generally became steady At the
opening this morning, first prices generally
showed declines of s02 per cent. although a
few stocks were higher. The market was quiet,
and after few slight losses, became firm and
so continued until noon. when prices were gem
orally above the opening figures The raid Of
the s'bears" then broke the entire list, Pacific
Mail showing loss of per cent, and others
smaller amounts. In the last hour, however
the decline was checked and the market closed
generally steady at the lowest figures of the day.
Closing prices tonight are almost invariably
lower among the active stocks, although Reading
shows an advance of per cent. St Paul Is
down / and Union Pacific, Jersey Central and
Pacific Mail each per cent Closing quotations
were