The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-07-30
CONDITION OF THE MARKETS.
Active Trading In All Cereals, Accom-.
panied by a Slightly Stronger Tone.
The Corn Traders Nearly as Wild as Ever,
with All Sorts of Prices Quoted-Pro-
visions Unsettled and Higher.
MONEY, BONDS AND STOCKS.

Railway Bonds Moderately Active and High
er-Stocks Dull, Heavy and Weak.
NEW YORK, July 29-Money on call was
easy at 203 per cent
Prime mercantile paper, 405 per cent
Sterling exchange was dull and unchanged.
The total sales of stocks to-day were 212 331
shares, including the following: Delaware,
Lackawanna 6 Western. 1900; Erie, 1905;
Kansas & Texas 9,1S0; Lake Shore, 0,603; Lou
isville & Nashville $500; Michigan Central
SIG; Missouri Pacific, 6,080 Northwestern,
SOLO; New York Central, $685. Pacific Mail,
1880; Reading, $500; ST Paul, 49, 100; Texas Pa
ciic. 14.7OO; Western Union. 4,5S5; Union Pa
ciic, 9.545; Northern Pacific preferred, ALI;
Oregon g Transcont inental 3,415.
Government bonds were dull. with quotations
shade easier
State bonds were dull but firm.
Railroad bonds were moderately active and
generally heavy; sales So, 945500 Texas 6 Pa
cifc Rios, coupon off, furnished $473, 600 of this
amount: East Tennessee eonsol receipts, $685.
Co.,, and New Orleans Pacific firsts, coupon of,
500 600, with we'll distributed business in other
issues. Prices sympathized somewhat with the
trading in shares. Final changes are about
equally divided between small gains and small
losses Denver g. Rio Grande Western frsts
are up II, at 84a; Knoxville & Ohio frsts, II, at
1922; Burlington, Cedar Rapids & Northern con-
soils, are down q. at lO3
The report of the Erie company for June was
published this morning and the net earnings fell
considerably short OF the estimates; still, it is
stated that the figures were known In London on
Tuesday, and that they had an influence upon
the trading in the trunk lines in that market,
and by London houses here The news this
morning was almost entirely of discouraging
character, and to the usual advicesof damage by
the drought was added reports Of renewed rate
cutting in the West and further decline
IN the price of silver. There was
free selling. by foreign houses of New
York Central, Nashville, Lake Shore Mis-
souri,, Kansas g Texas, and Louisville g.
Nashville. Michigan Central was the one bright
spot in the market, being conspicuously strong
In the face of general decline, and standing
almost alone this evening in showing net ad
vance for the day. Opening prices were gener-
ally lower, but were within ! to per cent. of
last evenings final figures in majority of cases.
Western Union and Northern Pacific preferred,
however, were each down 8 per cent Prices
were weak from the opening, but declined frac-
tional amounts only, end the extraordinary
strength displayed by Michigan Central rallied
the remainder of the list. Before noon, however,
prices were again upon the downward path and
continued heavy throughout: the afternoon
AFTER the Market becoming extremely duil. IL
finally closed weak at slight rally from the
lowest figures reached. Highest prices were
generally made in the latter part of the first
hour, and the lowest in the middle of the last
hour. The net result of the days business is a
decline for almost every thing on the active list,
but in no case for more than ! per cent Con-
solidatsd Gas and Erie each declined I: Western
Union :; Lake Shore Northern Pacific pre-
ferred and New York Central each. Michigan
Central is up :; Cedar Falls e. Minnesota !, and
Texas & Pacific, per cent. Closing quotations
were: