The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-08-07
CONDITION OF THE MARKETS.
The Feeling in Wheat Moderately Strong
Throughout the Whole Day.
Corn Stronger. with Heavy Transactions-0ats
Steady-Provisions Firmer, with
Sharp Advance in Ness Pork.
MONEY. BONDS AND STOCKS.

The Adjournment of Congress Causes an
Advance In Stocks.
NEW YORK. Aug. 6.-Money on call was
easy at 2304 per cent, closing at per cent
asked.
Prime mercantile paper. 405 per cent
Sterling exchange was dull but steady at
81 84l for sixty-day bills and 81 IS for demand
The total sales Of stocks to-day were 265. l48
shares, including the following: Delaware, Lack
awanna & Western, 22,340; Central Pacific,
500; Erie, II, $50; Kansas s. Texas, 1900; Lake
Shore, IA, 145; Louisville 81 Nashville, 8.915;
Northwestern. l1,5l5; New Jersey Central, 8, $40;
New York Central, 5000; Pacific Mail, 1860;
Peoria, Decatur & Evansville, $780,; ST. Paul,
1900: st. Paul & Omaha, 1850; Texas Pacific.
16,O25; Union Pacific, 10, 9S5; Western Union,
1850; Wabash Pacific, 1850; Northern Pacific
preferred, 1850; Oregon Transcontinental, 5000
Government bonds we're dull and shade
lower.
State bonds were neglected
Railroad bonds were quiet and firm for the
general list, while Texas 81 Pacific issues were
very active and strong. Sales to day, 49, 764 900.
In Texas & Pacific Rios, coupon off, the business
amounted to 1921 200. There was also active
trading In East tennessee incomes Erie SECONDS
lex June coupon), New Orleans Pacific firsts
coupon off. Atlantic 81 Pacific incomes and
Texas e Pacific incomes. The Rios opened with
per cent advance, at 81, advanced sharply TO
IT, from which they slowly declined to 68z. final
ly closing at Ga net gain of q per cent The
incomes are up l, at "a and terminal O. at 60
Some of the Wabash issues were noticeably
strong, the sevens of 10 being up II, at 84S
Other advances were chiefly for fractions.
The general excellent showing of all earnings
1mkn 1xD aA ha hist an arfh az
damage to the crops is improbable, and the
heavy purchases Of securities in this market for
foreign account, have caused general confidence
In higher prices for the immediate futEre. The
bullish feeling was very pronounced this morn
Ing, and there was a rush to buy stocks, and
over cEe-half Of the days business was trans
acted in the first hour, quotations advancing
throughout the list There was no news OF i'm
portance. but in the early dealings there was
active trading in Union Pacific, which rose
per cent, chiefly due to the adjournment of
Congress, which relieves all apprehension of ad-
verse legislation. Although the buying to-day
was general, the NEST pronounced movements
were in the specialties and the ST. Louis
& San Francisco stocks were prominent
for the advances made Nashville 81 Chatta-
nooga and Cleveland, Columbus Cincinnati q
indianapolis were also noticeable for strength.
Opening prices were almost invariably higher,
Western Union being the only notable excep-
ton, with decline of per cent Advances
ranged from to per cent, the latter in Wabash
preferred. After a slight period of hesitancy,
the market became extremely active and strong
throughout the entire list The activity, how
ever, ended the first hour, as did also the adj
vance In quotations, except for the specialties.
The usual quiet and steady market succeeded,
which continued until the close of business.
Closing prices generally show advances OF
fractional amounts for the active list. st. Louis
& San Francisco preferred is up 81, common. Il;
Nashville 6 Chattanooga, Ii, and Cleveland,
Columbus Cincinnati & Indianapolis, and Chi
cage, St Louis & Pittsburg preferred each l per
cent Closing quotations were: