The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-05-27
CONDITION OF THE MARKETS,
Heavy Wheat Purchases Cause Steady
Feeling and Slight Rise in Prices.
Corn and Oats Rule Steady and Shade High
er-The Provision Market Quiet and Easy,
and Prices Without Notable Change.
MONEY BONDS AND STOCKS.


Also Active at Better Prices.
New YORK, May 26.-Money on call was easy
ct 1203 per cent.
Prime mercantile paper 4a5 per cent.
Sterling exchange was dull at 81 81 for sixty
Day bills and "a. SO for demand.
The total sales of stocks to-day aggregated
$50, 800 shares including the following: Della
ware, Lackawanna & Western, 30,640; Erie, H..
ESQ., Kansas 81 Texas, 7.410; Lake Shore, So 825;
Louisville e Nashville, 4,375: Northwestern,
14,970; New Jersey Central, 1000; New York
Central, S,o40; Pacific Mail 9,025; Reading,
1920; st. Paul. 60, $40; ST. Paul g. Omaha, $500;
Texas s. Pacific, $3.50; Union Pacific, 4, 600;
Western Union, 1850; Northern Pacific pre-
eerred, 1910; Oregon g Transcontinental,
1869
Government bonds were dull and unchanged
except the threes, which are lower.
State bonds were strong.
Railroad bonds were again active, the total
sales aggregating So, 722, OOO The market was
strong through the greater part of the day, but
yielded slightly towards the close. Final prices
generally show material advances Erie second
consos furnished 81 .063 900, at net advance of
T. st. Paul. L. & D. division, fves, are up II, at
1854; Omaha common, IL at 126; Denver, South
Park & Pacific trusts, 3, at 70; Kentucky Cen
trail fours 3, at 20; Lake Shore second coupons
II, at l27; Louisville. New Albany g Chicago
nrsts, Il, at ITO; St Louis & San Francisco
Glass A, 2, at l04, and Richmond & Danviile de-
bentures, 2, at los.
In the early morning hours stocks were con-
Epiouous for nothing but the buying of Lake
Shore. Several large loans of Lake Shore stock
were called in, which started extensive covering
by shorts" Later there was large buying for
the Tong" account and the London cables re-
ported an active demand for it there, and the
stock advancing r. fraction In the afternoon it
was Joined by the grangers and Lackawanna
and the announcement of heavy increased earn
ings by the roads In the Northwest, coupled with
the settlement of the rate difficulties in the Cen
trial Traffic Association, with the promise that
the Chicago & Atlantic would soon become a
member and the failure Of the strike and re-
turn of the miners to work In the bituminous
coal region. all helped the upward movement.
Prices continued to advance on large TRANSACTIONS
without reaction worthy of the name, and the
market closed firm at the highest prices of the
day. Notwithstanding the free buying Of Lake
Shore and other stocks, loaning rates still con-
tinue firm, and it ia believed that the short in
terest has not been materially lessened. The
market opened as it closed last night, rather
heavy, and with generally to decline. There
we're some further slight declines in the early
dealings, but under the leadership of Lake Shore
and st. Paul. soon became firm and, although
quiet, material advances were made before
noon. After that time, however, there was in
creased activity along the line, and
the favorite stocks moved up rap
idly. The net results of the days operations
are advances OF the whole active list of amounts
ranging from small fractions to nearly per cent.
Lake Shore heads tire list with II, followed by
ST. Paul with Il; Missouri, Kansas & Texas, L.;
Northern Pacific preferred, Ii; New York Gen.
trail and Western Union, each per cent, and
the remainder Of the list fractional amounts.
There was noticeable activity and strength in
st. Louis g. San Francisco; the common rose
per cent, the preferred II, and the first pre-
ferred q. 1t is reported that the company will
extend its line to Paris, Tex, which it is thought
will greatly increase the company's business
Norfolk & Western preferred advanced !. and
St Paul g. Duluth per cent st. Paul was
abe most active to-day. and furnished SO, 100
shares, Lake Shore followed with SO, 825, and
Lackawana next with 3O,640. Closing quotations
were: