The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-03-14
CONDITION OF THE MARKETS.
WheatShows More Strength, Slight
Advance in Prices Is Recorded.
Provisions Receive Large Share of Attention,
and the Course of Prices Is Downward,
Accompanied by Moderate Buying.
MONEY, BONDS AND STOCKS.

Decided Dizziness In the Railway Bond Mar
ket-Stocks Active and Weak.
NEW YORK, March l3.-Money on call was
Dasy at 1302 per cent.
Prime mercantile paper, 405 per cent
Sterling exchange was dull but steady at 81. 874
for SIXTY days, and 81 S91 for demand.
& The total sales of stocks to-day were ale, 6S3
shaRas, including the following: Delaware,
Lsckswanna g Western, 1850; Erie, 9,545;
Kansas g Texas, $780, Lake Shore, 1880;
Northwestern, 10, 40; New Jersey Central, 1850;
New York Central, 1851; Pacific Mail, 2o,34o;
Beading, 40, O40 St Paul. 60, 9S5; Union Pacific,
10000; Western Union, 5S,9l9; Northern Pacific.
preferred, 6372
Governments bonds were drill and steady.
State bonds were not traded in
The railway bond market was decidedly dull
the Sales 81. 1876 0O0 being less than on any pre-
ton in Erie seconds, Gulf, Colorado & Santa Fe
SKIES and Texas & Pacific Rios, and retail trade
IN the rest of the list Closing prices generally,
show unimportaut changes. The sales for the
Vssk have been only $12, 600, against $2o
T67sO00 last week.
The increased activity which was q conspicu-
ous feature Of yesterdays stock market contin-
ued this forenoon, with the same result as to
prioes--a further decline. At the opening the
market was irregular, and the changes were
fractional, but after . firm tore IN the early
dealings prices yielded again, and the market
continued active and weak until after midday,
during which time from fractions to considera
by over l per cent. was lost A conspicuous
feature was the activity and further de-
cline in Western Union. which, after
opening OF 64f and selling early at Go,
yielded TO 63t. Lake Shore was also weak. sell
ing down from 87e to $50; Lackawanna from
lz7& to 1876; Reading from 30 to 2Ss; st. Paul
Aoin OIL TO 90a. The decline was checked short
" after IL o'clock and from that time until late
IA the afternoon the market was strong, recov-
ering the losses but the trading was on a smaller
SCALE Decided weakness was developed
stocks, Lackawanna breaking from 1878
70 1861; Jersey Central from 54s to $50,
Reading from 29s to 28s St Paul from 91S to
D03, Lake Shore from 86A to Bot. Throughout
She day the market was active when weak, and
quiet when frm and closed feverish, active and
Renerally weak at shade better than the low
est prices. The weakness in St Paul was due
to rumors that the directors, at their last meet
ing, decided to Issue $5 000, 600 convertible bonds
on come one of its extensions, not it is said. the
Kansas City extension, the bonds to be convert
sble into common stock at so. After a nota-
IL again became the second most active
stock on the list. The transactions aggregated
69935 shares. The news of the day was unim-
portant, and the strength developed after mid
day was largely due to covering Of short" con-
tracts. Theirs was no visible reason for the late
weakness. Comparing prices with those of a
week ago, nearly everything is one to 3 per cent.
lower, while Western Union shows a loss of CT,
Lackawanna 80, Erie preferred Il, and St Paul
The notable exceptions are Pacific Mail,
which is up IL, st. Paul 81 Duluth, II, and Texas
g Pacific !. The total sales for the week were
1904, O62' shares.
The market closed with the following prices
hid.