The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-03-19
CONDITION OF THHMARKETS.
a Day of Great Depression in Wheat,
Caused by the Springlike Weather.
Corn Traders Operate in Spiritless Way, and
Trsusactions Are Made at Unchanged
prfces-Pork Unsettled but Stronger.
MONEY, BONDS AND STOCKS.

4 Farther Deciine in Prices Of Railway
Bonds-Stocks Active and Irregular.
NEW YORK, March 16.-Money on call was
sassy at II 02 per cent
/ Prime mercantile paper, 405 per cent.
Sterling exchange was unchanged.
The total sales of stocks to-day were 457, $40
shares, including the following: Delaware Lack
awanna g. Western, 1o4. $50: Delaware & Hudson.
~. $50; Erie, 17,400 Kansas & Texas, 5000; Lake
Shore, $1,000; Northwestern, H. 935; New Jersey
Central, "a, 44O; New York Central. 6135; Pacific
HAL. ,6a5; Reading, 65,640; ST. Paul. As, 900;
st Paul & Omaha, 4,005; Union Pacific, 6,72O
Western Union, 21.220; Northern Pacific pre-
ferred. S,465; Oregon 8 Transcontinental,
$3.50.
Government bonds were moderately active
State bonds were dull and steady.
There wasa further decline in railroad bonds,
with slight Improvement in the amount of
business DONE the total sales being 81, $4,000.
The coal stocks were the features Of to-day's
stock market. They contributed nearly 46 per
cent Of the days business, and were the only
active stocks that developed decided weakness.
The whole market, however, was irregular and
at times feverish, especially in the early deal
ings. Lackawanna sold first at 124ss, decline of
!, dropped as low as 1928, and closed at 1921 a
net loss Of LIZ. Delaware e Hudson, on small
business, is down 2, at $751; Reading lost 7, at
Lackawanna were 1900, and of the four coal
stocks 208, 800 shares, while the total bust
ness of the day amounted to over 457. 900 shares.
The weakness of the coalers was due to unfavor-
able oopiEions about the Reading reorganization
and the reduction IN the price Of anthracite to a
point where it cannot be delivered without loss.
The strike in the bituminous coal regions has
stimulated the price Of that article somewhat.
The Berwind White Coal INNING Company, the
largest shipper of bituminous coal in Pennsylva-
mia, whose miners are on strike, has arranged
TO bring hfty thousand tons of coal from
England TO supply contracts that are pressing
for proi&pt delivery There were rumors, late
this afternoon, that the pool which has recently
marked up the price of Reading had sold out and
had gone short" Of the stock, but the story was
not confirmed BY any trustworthy authority.
The transcontinental matters and the railroad
strikes In the West and Southwest had no APP
psssiaes effect upon prices as no news Of inn
especially St. Paul, were conspicuous for
strength, ia the face Of the weakness in the
stocks mentioned. ST Paul shows a gain of II,
at 91s shade below tha best figure Of the day,
and Northwestern is up 3 The latter company
week of March of $382O0 Chicago, Burlington
& Quincy. Erie common, Missouri, Kansas &
Texas, Louisville & Nashville, Missouri Pacific,
Northern Pacific preferred. St. Paul s. Duluth,
Texas q Pacific. Union Pacific and Western
Union are all fractions higher, while the rest of
the active list show small declines. The market
was decidedly irregular at the close being weak
for the coal stocks and firm for the other active
shares.
The market closed with the following prices
bid: