The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-09-04
CONDITION OF THE MARKETS.
Wheat Opens Firmly, but Free Selling
Develops a Downward Tendency.
Corn Again Rules Heavy and Quotations De-
cline Slightly-POrk Shows Strength in
Early Dealings, but Declines Later.
MONEY, BONDS AND STOCKS.


Railway Bonds Quiet bat Generally Firm
Stocks Active and Stronger.
NEW YORK, Sept. 3.-Money on call was
6per cent asked
Prime mercantile paper. 405 per cent.
Sterling exchange was quiet, but firm and
unchanged.
The total sales Of stocks to-day were 200, 173
shares, including the following: Delaware,
Lackawanna s. Western, 1880; Delaware &
Hudson, 3,74O; Erie. 8, $50; Lake Shore, 1850;
Louisville & Nashville, $500; Northwestern,
1885; New Jersey Central, 1885, New York
Central, 7,405; Peoria, Decatur & Evansville
1885, ST. Paul, 4.4O0; Union Pacific, IL, 1885,
Western Union, 10,400; Northern Pacific, pre-
ferred 45OO Oregon & Trancontinental $780,
Government bonds have been dull with the
four-and ahalfs lower.
State bonds have been dull and steady
Railroad bonds have been quiet but generally
firm Final prices show irregular changes, gen
orally for small fractions only The sales to-day
were 81, 1913, 100. The West Shore frsts were the
only prominently activ9 issue, their sales
footing up STA, 900. The market exhibited no
special feature. Northwestern sinking-fund 6ves
declined l, to 100; Denver & South Park frsts, 5,
to 70; Illinois Central tours. l, to 107 and To-
ledo. Peoria g. Western trust receipts. %. to 100
c., c., c. & I. consols rose l, to 1861; Interna-
tional and Great Northern skies, Il, to 89s.
Tho stock market to day, except for the first
few minutes was decidedly strong. and the vol
uKne of business, as compared with the previous
days of this week, was about doubled. The ex-
tTRordinarily favorable traffic returns induced
new buying, principally among the grangers and
trunk-line shares, There was considerable pur
chasing for Chicago account, which is supposed
to have been induced by the circular issued yes
terday by Mr.. Armour, marked change in the
views of his following on the market hav-
ing taken place. Advices of new
0bull" pool In the graneers were not
without effect. There was little doing for for
eign account, the market here being kept above
the London market throughout the day A de-
cided break occurred in Consolidated Gas early
In the day. but most of the loss quickly re-
covered. The grangers were decidedly the feat
ure of the day, while in the afternoon Union
Pacific was very strong, and Lake Shore and
Louisville & Nashville received considerable at
tention The opening was very tame, bat prices
showed advances of from to per cent. gener
ally. There were some slight recessons in the
early trading from the opening figures, but
these were afterwards recovered and dull
but generally firm market existed until noon,
there being no special feature except the move
ment in Consolidated Gas In the afternoon,
however, under the leadership of st. Paul, the
market became more active and stronger. and
without reaction, continued to advance until the
last half hour, when realiZations caused some
slight recessions from the best prices. The
market however. closed firm at about the best
figures reached. BFerythiu on the active list
is higher tonight, and ST. Paul and Union Pa
cihc are up Il per cent each; Lake Shore, Is;
New York Central, II: Louisville 81 Nashville,
Northern Pacific preferred, Omaha s. Ogden
Trapscontinenta, per cent. each, and others
fractional amounts. Consolidated Gas shows
decline Of / per cent. Closing quotations
were;