The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-05-23
CONDITION OF THE MARKETS
An Improvement in Wheat, Caused by
an Increase of Orders from Outside.
Corn Quiet and Quotations Shade Lower
Oats Easier-Provsions Quiet and Steady
at Practically Unchanged Prices.
MONEY, BONDS AND STOCKS.
Increased Activity and Better Prices for Sc
curitfes of All Kinds.

Increased Activity and Better Prices for Sc
curities of All Kinds
NEW YORK, May 22-Money call was easy at
1a902 per cent.
Prime mercantile paper, 405 per cent
Sterling exchange; actual rates. $4e6ss for sixty
day bills and 81. s7l2 for demand.
The total sales Of stocks to-day were 323, 425
shares. including the following: Delaware Lacka-
wanna s. Western, 81 $40; Delaware g Hudson, 81
ESQ; Erie, 1925; Lake Shore, 27,535; Northwest
ern, 1925; New Jersey Central, 1920; New
York Central. 1880; st. Paul. "a, 400; st. Paul &
Omaha 1850; Union Pacific, $3.50; Western Union,
1870; Oregon s. Transcontinental 9,240.
Government bonds were dull and steady.
State bonds were dull and firm.
Railroad bonds were more active. Sales So. LA,
QO0 The advance in prices continued and impor-
tant losses tonight Erie seconds, consos,
az June coupon, and West Shore fours heavier,
and Houston & Texas issues led the advance. The
main line Srsts, coupon off, were up 81, at Il west
eru division sevens, coupon off, Dig, at 1882; the
main line seconds, IT'S at &c. and the general mort
cages a. at 644. There was active trading In
Nickel plate trust receipts.
The continued advance of the last few days raised
the question whether the bringing out of long stock
would not check the rise, but the same buying con-
foreign account aud great deal of realizing tonight
6nal prices show material gains throughout the list
Inc ChlcaRo party were prominent IN the pusl-
ness; their favorites the grangers. most
conspicuous in the advances made, ST.. Paul,
Northwestern and Omaha each showing
net advance of over / per cent. The Vanderbilts
were strong with the rest of the market, and show
material gans the high rates for loans of Lake Shore
stock beng feature. The favorable outcome of
the presidents meeting undoubtedly helped these
stocks. There was considerable buying of Western
Union generally believed to be principally COW
ring Of shorts" Lackawanna was again
.setive for time. and advanced materially, but
became sluggish again and supported only by ma
npulation. The market opened steady, but the trad
ing In favore stocks at advancing prices carried
the general market with them. Prices advanced. with
no reaction of Importance until the close, when
heavy realizing stemmed the upward movement, and
the market closed heavy but close to the best figures
reached 1t reported to-day that bill had passed
the House giving the ST. Louis & San Fran
cisco the right to enter Indian Territory
and the preferred stock advanced over 3 per cent.
The grangers, mentioned. the only stocks on
the active list making net advances of than
per cent, Northwestern being up ia, and st. Paul
and Omaha liz each; Lackawanna 1, and the rest of
the market fractional amounts. st. Paul was most
active its sales aggregatng IA $40 shares The sales
e. the week amount to 1,276,SS8 shares an ad.
vance OF 70 coo over those OF last week. Closing
quotations were: