The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-05-03
CONDITION OF THE MARKETS
ABull Day ON Change, Though the Oper.
atOrs Cannot Agree as to the Causes.
Wheat Advances Slightly and the Market
Closes Steady and Firm-Pork Stronger,
butan Early Advance Is Not Sustained.
MONEY, BONDS AND STOCKS.
Quiet in the Railway Bond Market-stocks
Feyerish and Irregular.

Quiet in the Railway Bond Market-stocks
Feverish and Irregular.
NEW YORK, May Money On call was easy at
1l203 per cent.
Prime mercantile paper, 405 per cert
Sterling exchange was dull, but steady and un.
changed.
The total sales of stocks, to-day, were 324, 1903
Nhares including the following: Delaware Lacka-
wanna & Western, 80 s75; Delaware & Hudson,
1900; Erie, 1856; Kansas s. Texas, 8. 100; Lake
Shore So 245; Louisville & Nashville, 8.SO5; New
York Central, 1870, Pacific Mail O,91O; Peoria,
Decatur g. Evansville, $3.50; Reading, $40; St.
Paul. 1000; Union Pacific. 25,e10; Western Union.
%, ITO; Northern Pacific preferred IL 800; Oregon
q Transcontnenta, $3.50.
Governments were dull and steady to-day.
State bonds nominal
Railroad bonds were quiet the total sales being only
e1,I67, 900. of which $35O,O0O were Erie second
consos Prices generally sympathized with the share
Of. are down 2; Louisville s. Nashville consos, Ga;
Nickelplate frsts 3ai; Green Bay seconds incomes,
- The total sales for the week were 81, e4s, 900,
ssslnss s,., Usually feverish and irregular. with
stssrats snssms Of end duness The first
prices showed only sman Snanses, ana dur
ing the first hour more than olu all Da
the days business was transactes s.,;, -.
The market was controlled almost wholly by the news
regarding the strikes at Chicago and these were
ueaaIy all of an unfavorable character. Both bulls
and bears eoncede that the country is to be thrown
into general disorder securities must go much lower
While the news this morning from st. Louis and
from this city was favorable, that from the Northwe
was the reverse and the most serious that has been
published since the beginning OF the striae on
the Southwestern system. The. lowest prices
to-day were reached about 1.30 Although the market
was comparatively dull the movement was decidedly
irregular from that time until o'clock and in some
eases reaction of nearly per cent established
the result of the day operation is however extreme
1y irregular several prominent stocks showing little
or no change, while majority Of the list is down
from Ia &c 81 per cent A few stocks higher the
most representative being Erie So Louisville &
Nashville, 81, and New Jersey Central and Texas Pa
cifc ls each The exceptional declines in Chi
cago Burlington s. Quincy, Ia; Milwaukee, Lake
Shore g Western preferred, 1ls; Lake Shore and
Union Pacific. each, Is; St. Paul 81 Lackawanna; q
per cent. Lake Shore reached 773s but recovered s
per cent in the late dealings.
The total sales for the day we're 324, 300 shares.
Tho market closed irregular but about steady for
majority of the lists Comparing prices this evening
with those of week ago. everything is lower The
heaviest decline has been made by New York Consoli-
dated gas 6ls next is Missouri, Kansas & Texas,
and Louisville Nashville each. AS Lake Shore and
Delaware & Hudson each, 37s; Texas Pacific and
Pacific Mail 33s. The total sales for the week were
1922, 968 shares, against 922 945 last week Closing