The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-03-18
CONDITION OF THE MARKETS
a Day Of Great Dizziness and Inactivity
in ALI Kinds of Commodities.
Wheat Fluctuates Within Narrow Range,
/ and Closes Substantially Unchanged-Fair
Trade in Provisions, at Varying Prices.
MONEY, BONDS AND STOCKS.

Continued Dizziness in Railway Bonds-The
Stock Market Active and Weak.
NEW YORK, March I7.-Money was easy at
1R03 per cent
Prime mercantile paper, 405 per cent
Sterling exchange was dull but steady at 81 S73
for sixty days, and 81 s94 for demand.
The total sales of stocks to-day were 475. 769
shares, including the following: Delaware, Lack
awanna & Western, 7s 00O Delaware & Hudson,
6.675; Erie, 1880; Kansas & Texas, 5000; Lake
Shore, so, S55; Northwestern, 8,275; New Jersey
Central, "a, $50; New York Central 5000; Pacific
Hail. 10000; Reading, 81, 400; st. Paul. SO, l20;
St Paul & Omaha, 1850; Union Pacific. 1880;
Western Union, BOATS; Northern Pacific pre-
ierred, LASS; Oregon 6 Transcontinental,
Lo5S.
Government bonds were dull and steady.
State bonds were active and firm.
Railroad bonds continue dull; sales 81 500, 600,
Of which $685., 900 were Erie second consols.
Prices were generally lower, in sympathy with
stocks.
The stock market was decidedly active and
weak. There was weak opening. first prices
showing generally loss of s0a. and after a
brief show Of firmness, a decided break carried
prices down about 2 per cent. before midday.
Yhe decline was checked, and firm tone, with
less activity, prevailed for an hour, followed
again by renewed weakness that continued to
the close. The break in the forenoon was di-
rectly traceable to the coal stocks which were
conspicuous for the decline, especially Reading,
which sold from 27a down to 25s, while Lacka-
wanna yielded from 127 to 1853 and Delaware 81
Hudson from 1929 to l01a. Late in the after
aeon Reading reached 24s and closed ] higher,
with net loss of q. Lackawanna closed with
p loss Of 81 Delaware Il Hudson d; Jersey Cen
sral, 81. The weakness in these stocks was due,
In part, to the impression created by the
publication of the syndicate reorganization plan
Of the Reading company, which was interpreted
es indicating that the reorganization would not
be successful without at least fight with Mr..
Gowsn, while if successful it would not be favor
able to Reading stockholders. The afternoon
decline followed reports that strike had taken
place among the employees of the Chicago
Darlington Quincy Railroad, and that
further trouble throughout the West was
threatened. IL was, altogether, q gala day
for the bears the whole list closing at
or near the lowest figures, and from l to \
Tower than last evening for the stocks not
already mention, while c., B. & @. is down II
at 134s, after selling as low as I34a. st. Paul &
Duluth lost At; Southern Pacific was redealt in
for the first time to-day, opening at BOZ and
closing at 335, with sales of 800 shares. The
total reported transactions amounted to ATS, 780
shares, of which the coal stocks, ST. Paul and
Lake Shore contributed 800. 900 shares. The ST.
Paul directors to-day declared dividend of q
per cent, payable April 10. The market closed
weak.
The market closed with the following prices
bid: