The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-01-25
CONDITION OF THE MARKETS.
Wheat Shows Less Strength and Closes
st Lower Figures than on Friday.
Corn Opens Strong, but the Fall in Wheat
and Heavy Offerings Cause Decline
Light Business in Provisions.
MONEY. BONDS AND STOCKS.
a Quiet Market for Railway Bonds-Stock
Irregular and Weak.

a Quiet Market for Railway Bonds-Stocks
Irregular and Weak.
NEW YORK, Jan. 23.-Money on call was
easy at II per cent
Prime mercantile paper, 405 per cent.
Sterling exchange was quiet but steady and
unchanged
The total sales of stocks to-day were 359, 948
shares, including the following: Delaware,
sIlackawanna & Western, 4,7S0; Erie, OSLO; Kan
eas & Texas, $3.50; Lake Shore 81. $50; Louis
vile g. Nashville, % 1885, Northwestern, 8,242;
New York Central, 6,396; Pacific Mail, Ia, 1854;
St. Paul, 92, $50; Union Pacific. 1928; Western
Union, 90 195; Northern Pacific. 7,.725.
Government bonds were dull and steady.
State bonds were neglected.
Railroad bonds were quiet. The total sales
were 81, 739. 900, and of this amount East Ten
nessee issues contributed $404.0 00. Prices at
the close were evenly divided between advances
and declines but the changes are generally only
fractional The total sales for the week were
81, 078. 900. against $11. $50 900 last week.
There was weak opening for stocks, first
prices showing losses. ranging between and s.
The movement during the first hour was some
what irregular. slight advances being made in
some casee. followed by a weak tone, during
which the losses ranged from to L Later there
was slight upward movement. and in the after
noon renewed weakness, which continued until
Che close. The best prices of the day were made
at the opening or within the first hour
and the lowest at or near the close. st. Paul
continued to monopolize large share of the
business. After opening at 922s, and selling early
I higher it broke to 9ls, rallied again to 9244,
and after the announcement that the board of
directors, which has been in session for two days
considering the question of providing for the ex-
tension of lines to Kansas City and else
where, had adjourned until Wednesday
next. decided weakness was developed. and
it closed at Ga net loss of %
Reports from the West indicating extremely cold
weather and a threatened blockade of the prin-
cipal roads had depressing effect upon all the
granger stocks Northwestern is down Il; Ore
gen Navigation, Il; Omaha common, !, and
Louisville & Nashville Il. 1t is claimed that
the completion of the Chesapeake & Ohio sys.
tenn east of the Mississippi will have bad eff
VILE Lake Shore yielded Il. and New York
Central J. Continued rumors of adverse
Legislation affecting Pacific Mail and reports
that the government was likely to institute pro-
ceedings to recover part of the subsidy paid to
Pacific Mail by the Pacific railroads, led to fur
Their weakness in that stock, and it closed with q
loss of II
The changes as compared with the closing fig
ures Of week ago are generally unimportant,
and are pretty evenly divided between advances
and declines. Louisville and Nashville shows
loss of 81. and Pacific Mail of 49, The total
sales for the week aggregate 2072, 49, against
2,310. 107 shares last week.
The market closed with the following prices
bid