The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-02-06
CONDITION OF THE MARKETS.
Wheat Opens with a "Bearish" Tone,
Which Vanishes Under Free Buying,
The Market subsequently Becoming Excited
AMI Closing Firm-Increased Firmness
in Corn and 0ats-Proyisiens Weak.
MONEY, BONDS AND STOCKS.

Good Business I'm Railway Bonds-Stocks
Strong and Active.
NEW YORK, Feb. 5.-Money on call was
easy at 1902 per cent
Prime mercantile paper, 405 per cent.
Sterling exchange was dull, but steady, at
81 81 for sixty days. and 81. SO for demand
The total sales of stocks to-day were 443. 235
shares, including the following: Canada South
ern, 6, 700; Delaware, Lackawanna & Western,
80, 1914; Delaware & Hudson 10, 058; Erie, AZ. AGO.
Kansas & Texas, 5,760; Lake Shore, $685.
Louisville & Nashville. 4,925; Northwestern,
29.s05; New Jersey Central, $500; New York
Central 9,s41; Pacific Mail, 8, 100; Reading. $780,
St Paul, 1886; ST. Paul & Omaha, 1920;
Union Pacific, 1890; Western Union, 2,351:
Northern Pacific preferred. 14,707 Oregon &
Transeontinental, 6,921.
Government bonds were dull and firm.
State bonds were neglected. There was good
business in railroad bonds. with moderate activi-
ty in Erie second consols. East Tennessee issues,
South Carolina incomes. and some of the Texas
Pacific issues, and well distributed business in
the remainder of the list Prices generally
higher. but the gains in most cases are only
fractional Among the exceptions st. Paul
frsts, gold bonds, show advance of "a, and
the Iowa and Dakota division sevens, per cent.
The stock MARKET was generally pretty strong
at the opening. first prices showing gains ranging
from TO over Per cent, the latter Union Pa
eifc. During the first hour there was con-
tinued strength snd decided activity in dealings
during which advances of fractions to over per
cent were made. The highest prices of the day
were made about Ii o'clock, and after midday
there was a very decided decrease in the amount
of business doing. Prices moved irregularly in
s narrow range until late in the day, when
there was a decline Of 20 l per
the close, and slight advances were
made In many cases, the market finally
closing only moderately active and firm The
same stocks that have been active for some time
past monopoliZed q large percentage of the days
business, Lackawanna leading with 80. 900
shares. Speculation hinges. to very large ex
tent upon the probabilities of an early settle
ment of the railroad and anthracite coal troubles
In the afternoon decline the coal stocks were
conspicuous for their losses Lackawanna selling
at 1917 down TO 129, and closing with net loss
of 3, while Delaware 81 Hudson is higher, at
the lowest price of the day. Reading suffered
most. closing with decline of Ii. The weak
ness in this stock is attributed to the reports
that the Pennsylvania railroad will secure con-
tPoi of the company. Except decline of in
Oregon Navigation everything on the active list
is higher, the advance ranging from small frac-
tions to Il. the latter Canada Southern and
Omaha both Of which are nearest the highest
quotations of the day. There was unusual ac-
tivity in Erie, which closed with a gain of l. The
other greatest advances were: Northwestern. I;
Western Union. T; Lake Shore. New York Cen
trail Pacific Mail and Union Pacific, each E.
The market closed with the following prices
bid: