The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-08-26
THE INDIANAPOLIS NATIONAL BANK
Designated United States Depository,
Corner Room Odd-fellows' Hall.
THO. p HAvaHEY. Prest II. LATHAM, Cash
CONDITION OF THE MARKETS.
Wheat Opens Weak, but Warlike News
from Europe Causes a Slight Rise.
Affair." Trade in Corn at Improved Prices-0ats
Without Change-Provision Moderately
Active and Generally Firmer.
MONEY, BONDS AND STOCKS.

Railway Bonds Dull and Generally Heavy
The Stock Market Weak and Lower.
NEW YORK, Aug. 25-Money on call loaned
from gas per cent, closing at 8 per cent. asked.
Prime mercantile paper, 405 per cent.
Sterling exchange was dull but steady and un-
changed
The total sales Of stocks to day were 142,631
Dhafes, including the following: Delaware,
Tackawanna & Western, 1880; Delaware &
Hudson, g. 400; Erie, IL, Gas; Lake Shore 16, 100;
Louisville & Nashville. 3,101 Northwestern.
6654; New York Central, 4075 St Paul, IA, 345;
St Paul 8 Omaha, APO; Union Pacific, 1870;
Western Union, $500.
Government and State bonds dull and steady.
Railroad bonds have been dull and generally
heavy. The trading, except In Erie seconds, was
of an Insignificant character. The total of the
days sales was 1904, 500; of this amount Erie sec
onds furnished $176,500. Closing figures genes
ally show declines. Northwestern sinking fund
fives are down 2, at 1854; Houston & Texas,
Western division, coupon off, 4, at 1os; Manitoba
II, at Ill St Paul g Minnesota frsts gained
IA. at 129. and Denver & Rio Grande Western
hssented bonds, 81, at 604.
The money market in London is working
harder, and in response to the situation there,
the New York stock market opened weak and
lower There was nothing new in the afternnon
except the declaration of dividend on the Della
ware 81 Hudson and the issue of the Lake Shore
statement for the quarter. The latter was gen.
orally considered favorable, and the influence
exerted upon the market was for the better
The market still continues within very narrow
limits, room traders doing most of the business
During the early part of the day, Lake Shore,
INV York & New England, St Paul and Lacka-
wanna we're the features IN the trading. Omaha
was at this time conspicuous for the strength
displayed, but it afterward yielded with the
mainder Of the list. Prices at the opening were
lower for everything except Omaha, and the de-
Dlines ranged from TO per cent. The market
was weak from the opening, and on a compare
lively moderate business, by noon, was down
from I to l per cent Later there was
decrease in activity, but prices continued
heavy until the last hour when there
WAS slight rally, the marker finally
closing steady at prices which are little
better than the lowest of the day. The total
business amounted to 142, 631 shares. Erie was
she most active stock to-day, but It's sales
amounted TO only II. 645 shares. 1t was followed
By Lake Shore: Lackawanna, New York & New
England and St Paul. in the order named. the
ave stocks mentioned furnishing over one-half
of the total days business.
There was no special movement in the inactive
stocks to-day. and final prices show declines
Ranging from to per cent, the latter in Lake
Shore and New York Central Closing quota
tious we're