The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-05-04
CONDITION OF THE MARKETS.
Operators Stand Aloof, Waiting for an
Adjustment of Labor Troubles.
Wheat Experiences Further Decline Because
OF Heavy 0fferings-Lower Prices for Corn
Provisions Also Decline Slightly.
MONEY, BONDS AND STOCKS.

Railway Bonds Active but Lower-Stoclsl
Active, but Prices Show Weakness.
NEW YORK, May 3-Money on call was
sasy at 203 per cent.
Prime mercantile paper, 405 per cent.
Sterling exchange was dull but steady at 81. 81
for sixty days and 81 88s for demand.
The total sales of stocks to-day were BOG, DOC
shares including the following Delaware
Lackavanna & Western, 61,SS0, Delaware &
Hudson, S,025; Erie, Ia. $780, Kansas & Texas, 81,
170; Lake Shore, 40, $780, Louisville s. Nashville
1895; Northwestern, % 435; New Jersey Cen
trail, 1910; New York Central, 27,123 Pacific
Mail, IA, 750; Reading, 1850; ST. Paul. $1,000; St
Paul & Omaha, 40. 030; Union Pacific 1880
Western Union, 1870; Northern Pacific pre-
terred, 1897; Oregon & Transcontinental, z, 248
Government bonds were dull but steady.
State bonds were dull.
Railroad bonds were more active. Sales, SO,
zoe. 900, of which Erie second consols contribut
cd $59O000 Prices sympathized with the share
market, and declined throughout the day, ad
vances being very few. Erie second consols
show a loss of q; Chesapeake & Ohio skies. A.
Northwest sinking fund fves, 2; Missouri, Kan
sas IL Texas SKIES. 49, ives, 3; Nickel plate firsts,
a. and trust receipts, 80; New Orleans and Pa
cifc hrsts, coupons, are off 2; Wabash trust re-
eeipts, 6, at so; East Tennessee incomes 2, at
49, and Indiana, Bloomington & Western, 2, at
81
Stocks were much more active but the trad
ing was at the expense of prices. At the open
ing there was little change from Saturdays clos
ing, and in some cases advances were made in
the first few minutes, but this was followed by
decided break among the most active stocks,
which continued until after Ii o'clock From that
time until l o'clock the market was quiet and
prices comparatively steady. Renewed weak
movement during the remainder of
activity and weakness went together Lacka-
wanna st. Paul and Lake Shore contributed 40
per cent of the days business. The active
stocks were, a rule, about the weakest.
Lackawanna declined 2, ST. Paul L. Northwest
ern /, and Omaha !. The Vanderbits were con-
epicuouslv weak, Lake Shore selling to 76a, and
closing better, with a net loss of liz. New
York Central lost II; Pacific Mail II; Western
Union, /; Missouri, Kansas e. Texas, Il; Erie,
common and preferred each, II; Delaware q
Hudson Il; Canada Southern, II. There was
only one subject of discussion on the street.-the
strikes. The news from Chicago throughout
the day was unfavorable, but the more confident
operators still claim that settlement will be
reached at early date, and the effect of the
present troubles must therefore be temporary.
The failure of Tasker Marvin, who has been con-
spicuous in the board for some time past as an
active operator in the coal stocks, possibly had
some influence in depressing prices in the
afternoon. The market closed generally weak,
slightly better than the lowest figures of the day.