The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-01-03
CONDITION OF THE MARKETS.
The Strong Tone in Wheat Disappears
and Values Undergo a Decline.
Heavy Receipts in the Northwest Given as a
Cause for the Weakiless-Provision Quiet
and Shade Easier.


Well Distributed Business in Railway Bonds
Stocks Active and Strong.
NEW YORK, Jan. Mooney on call was
easy at 2303 per cent
Prime mercantile paper, 405 per cent
Foreign exchange was dull at $4S53 for sixty
days and 81 s8t for demand.
The total sales Of stocks to-day were 272, $50
shares, including the following Delaware,
Lackawanna & Western, 1925; Delaware &
Hudson. $780, Erie. 80, 76o; Kansas & Texas,
S,400; Lake Shore, 1910; Northwestern, 10, $50;
New York Central Is, 425; st. Paul, 25, 900; St.
Paul & Omaha, 9,240 Texas & Pacific, 1850;
Western Union. 1910; Northern Pacific, pre-
ferred, 8760.
Government bonds were dull and generally
steady to-day, but the threes were very weak.
State bonds were very dull and generally
steady.
The sales of railway bonds amounted to So 093 :
600. The business was well distributed, although
there was moderate activity in West Shore
tours, with sales of $4,000; Canada Southern,
$514000; Erie second censols, 500, zoe, and less
business in Atlantic & Pacific incomes. The
prices this evening, as compared with last
previous sales, show irregular changes,
the most important advances including some of
the issues of the l., B. g. W., c.. B. & O., North
western, Louisville & Nashville, Mobile 81 Ohio
and Peoria, Decatur & Evansville. The total
sales for the week, five days, have amounted
to $21 34S 000 against $11 ass, 600 for last week.
Stocks opened active and strong First prices
were generally .403 per cent. higher, and in
cases, further slight advances. This how
ever was followed by a decided reaction,
during which some of the stocks yielded from
fractions to over | per cent. After the first
~
continued SO during the remainder of the day.
The movement in prices was irregular. 1t closed
quiet and heavy, with sales for the day of 272.-
900 shares. The coal stocks developed consider
able weakness, on reports that trade was demon
allied and that large sales of coal had been made
at very low figures considerably lower than
heretofore reported. The difficulty among the
coal companies is understood to be in
regard to the output for the first three months
of the current year and the establishment of
combination to control the market during the
remainder OF the year. The closing prices.
compared with those of Thursday show irregu-
lar changes. The coal stocks and Lake Erie &
Western were conspicuous for their declines of
trial. Omaha preferred and Manitoba show
gains Of ] to IL per cent There were
rumors that the Oregon Railway and Nav
igation Company had lost one of its
steamers on the Pacific coast,
1914 and yielded only per cent. The president
Of the company is authority for the statement
that if the vessel should prove an entire loss,
without insurance or other compensation, it's
loss cannot exceed $4,000 to the company.
While New York Central was strong all day, and
closed at the highest quotation reached, Lake
Shore exhibited considerable weakness in
the early dealings, selling down from SO
to 87s, remaining comparatively firm during
the rest of the day, closing at 49, net loss of
per cent. Lackawanna yielded from 1851 at the
opening to 1891, closing, however, I per cent.
higher, with a net loss Of per cent. Del
aware & Hudson is down Il per cent Jersey
Central yielded fraction. while Reading shows
q net gain Of T. Comparing prices this evening
with those of week ago, nearly everything on
the active list shows gains. Missouri Pacific ad-
yanced 4s, and Manitoba 81. LackawanEa was
conspicuous for decline of per cent. The to-
tai sales for the Ave days Of the week were
1907 $50 shares against 1886. 324 last week.
The market closed with the following prices
bid: