The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-09-22
The INDIANAPOLIS NATIONAL BANK
CONDITION OF THE MARKETS,
Increased Strength In All Commodities,
with Moderately Free Buying,
Caused by a Prospective Falling Off in Re-
celpts-Active Trading and Slight ADJ
vance in Corn-Better Prices for Pork.
MONEY, BONDS AND STOCKS.

Decreased Activity in stocks-A WelI-Dis-
tributed Business In Railway Bonds.
NEW YORK. Sept. 21.-Money on call was
quiet at 406 per cent, closing at 405.
Prime mercantile paper, 405 per cent.
Sterling exchange was quiet but steady at
81 81a for sixty-day bills, and 1884, for de-
mand.
The total sales of stocks to-day were ass, 997
shares, including the following: Canada South
ern, 3,040; Central Pacific, 1884; Delaware,
Lackawanna & Western, 1920; Delaware &
Hudson. 1873 Erie, "a, no. Missouri, Kansas
& Texas, Al, $40; Lake Shore, 90 Louisville
& Nashville $3.50; Michigan Central, 8. Alp; Mis-
souri Pacific, 6,725; Northwestern, $685. New
jersey Central, 1860; New York Central. 6,357;
Ohio 6 Mississippi AGO; Pacific Mail, II, 440;
Reading 1880; ST. Paul, 26,12O; st. Paul
s. Omaha 9. $50; Texas & Pacific, 1920; Union
Pacific, 49, 49, Western Union. 49, 765; Northern
Pacific preferred, 1900; Oregon 6 Transconti-
mental 3, 0I0.
Government bonds were dull but strong.
State bonds were dull but steady.
Stocks exhibited much less activity than yes
terday, and especially between the hours of IL
and o'clock. The opening was attended with
some excitement, but there was considerable
pressure to sell, and the expected reaction took
count prices here being above those in London.
There was an advance of / in sterling ex-
change, due to scarcity Of commercial bills
Pacific Mail, upon stories OF trouble with the
repeated the performance of yesterday, and re-
covered the greater part OF the loss at the close
The action of the coal committee in limiting the
output caused marked advance in the
coal shares, especially Lackawanna and
Delaware g Hudson, in which the gen.
and the market closed firm to strong at about
the best prices of the day. The opening was
arm to strong, first prices showing advances of
{ to !, except Union Pacific, which was up per
cent. The trading WAS active In the early deal
Ings, especially for Western Union Reading and
Lackawanna After few further slight ad-
vances the general list became heavy, while the
6rst two stocks metioned above were conspicu-
Ously strong, each advancing over per cent
although they gave way with the remainder Of
the market later. After the first half-hour
there was a marked decrease in the amount of
business done, and the market at times became
actually dull. and prices slowly yielded
until after l P. NJ The stimulus given
then rallied, and in many cases the highest
prices yet reached were made in the last hour.
The business for the day amounted to 489, 997
shares Lackawanna contributed O,230 shares
and Western Union 40. 765 shares, closely fol-
lowed by Reading and Lake Shore, each of which
furnished over 40, 900 shares. The net result of
the days business 10 decline for majority
of che active stock of small fractions only. On
sho other hand, Lackawanna 10 up 2; Delaware
g Hudson, Il, and Jersey Central l.
There was weil-distributed but featureless
business in railroad bonds, and the total sales
loot up 81, ia, 900. Prices sympathized closely
with the trading IN shares, and the final prices
show irregular changes, in which small advances
are more numerous. Detroit Mackinac &
Marquette frsts rose 5, to 80; the incomes, s. to
30. and the Hannibal & ST. Joseph consols, s. to
1885, Baltimore & Ohio registered fives lost 81, at
no. Wabash trust receipts, 2, ct 624. Closing
quotations were: