The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-01-21
CONDITION OF THE MARKETS.
Talk of an Increased Export Demand
Causes the Wheat "Shorts" to Cover,
Bat Free Buying Toward the Close Results in
Slight Advance-Brisk Demand for
Corn-Actiyity in Provisions.
MONEY, BONDS AND STOCKS.

"A Well Distributed Business in Railway
Bonds-An Uninteresting Day in Stocks.
NEW YORK, Jan. 19.-Monev on call was
easy at 1a02 per cent.
Prime mercantile paper, 405 per cent.
Sterling exchange was quiet but firm and
unchanged.
The total sales of stocks to-day were 35S 81
shares, including the following: Delaware,
Lackawanna & Western, 91,019; Delaware &
Hudson. 1910; Kansas 6 Texas 6,Sl3; Erie.
13045; Lake Shore 40. 422; Louisville d Nash
vile, 14,947; Northwestern. 9,4O0; New York
Central, IL, $40; Pacific Mail, 1879; ST Paul,
64,675; Union Pacific. 81, 100; Western Union,
120l5; Northern Pacific preferred. $3.50; Oregon
q Transcontinental, 4,278.
Governments were dull and steady.
State bonds were quiet and steady.
The business in railroad bonds was well dis
tributed, the sales being 81 650,000. The feature
Of the days operations was the numerous trans
actions in Milwaukee, Lake Shore & Western
incomes, which show an advance Of per cent.
Prices are generally higher. Michigan Central
fves of 1902 are up 8. at Ill; Oregon Naviga-
ton fves, IL, at 1899; Fort Wayne thirds, 2, at
1884. The bonds that are lower include Hous
ton & Texas general, 2, at Sc; Lake Erie &
Western irsts, IL at 24a; Nckel-plate firsts, II,
at 94a, and Richmond & Danville debentures,
Ii, at Sc.
There was little of interest in stocks. The
sales Of Laekawanna were very large in the
forenoon, and the total for the day amounted to
$1,000 shares. After numerous fluctuations
between 116i and 118s, the stock closed at 1174,
net loss of l. Rumors that the St Paul Com
pany was about to issue additional bonds for the
extension of certain lines led to decided weak
ness in that stock, the price yielding to $40, but
1t closed higher, with net loss OF B. being the
second most active stock. It is officially stated
that the meeting held to-day had no reference
to the alleged issue of bonds. The general
belief on the street, however, is that the COM
pany will announce its intention to issue bonds
on the Kansas City extension, and with pro-
posals for its construction at an early date. The
Vanderbilts were firm, but New York Central
was very iauiet and both that and Lake Shore
closed within of last evenings figures. Louis
VILE & Nashville showed decided weakness for
several days past, and closed TO day with loss
of !, at 80. The earnings for the second week
of January show decrease of $73. 400 Pacific
per cent on only moderate business. The
company today declared its usual quarterly div
idend of II per cent. payable Feb. /. The sur
plus, after the payment of the dividend, will be
81, 900. The market closed quiet and steady,
yet in majority of cases small fractions lower
than last evening. Missouri Pacific is down L.
The Illinois Central Company to-day declared
the usual semi-annual dividend of 4 per cent,
payable March /. The books close Feb. TO-
The market closed with the following prices
bid:
nv aany,