The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-03-15
CONDITION OF THE MARKETS.
WheatShows More Strength, and Slight
Advance in Prices Is Recorded.
Provisions Receive a Large Share Of Attention,
and the Coarse of Prices Is Downward,
Accompanied by Moderate Buying.
MONEY, BONDS AND STOCKS.

Decided Duilness in the Railway Bond Mar
ke.-Stocks Active and Weak.
NEW YORK, March 13-Money on cali was
easy at / Ia2 per cent.
Prime mercantile paper 4o5 per cent.
Sterling exchange was dull but steady at $4.87l
for sixty days, and 81. s94 for demand.
The total sales of stocks to-day were 415,6S3
shares, including the following: Delaware,
Lackawanna s. Western, 1885, Erie, 9,545;
Kansas & Texas $500, Lake Shore, AZ, 500;
Northwestern, 10, 470; New Jersey Central, 1860;
New York Central, 1851; Pacific Mail, 2O,340;
Reading 40, o4o; ST. Paul, 69,9s5; Union Pacific,
10000; Western Union, 1919; Northern Pacific,
preferred, 6,372.
Government bonds were dull and steady.
State bonds were not traded in.
The railway bond market was decidedly dull,
Che sales. 81, 1876 900, being less than on any pre-
csding day this year. There was some specula-
ton in Erie seconds, Gulf Colorado & Santa Fe
SKIES and Texas e. Pacific Rios and a retail trade
In the rest of the list. Closing prices generally,
show nnimportant changes The sales for the
week have been only $l2. 466, 000 against $40,
Isl, 200 last week
The increased activity which was a conspicu-
Gus feature of yesterdays stock market, contin-
ned this forenoon, with the same result as to
pricss-a further decline. AT the opening the
market was irregular, and the changes were
fractional, but after firm tone in the early
dealings prices yielded again. and the market
continued active and weak until after midday,
during which time from fractions to considera
bly, over l per cent. was lost. A conspicuous
elm. in Western Union, which, after
Opering at 64s and selling early at 65,
yielded to 63}. Lake Shore was also weak, sell
ing down from 87s to 85ss; Lackawanna from
1871 to 126; Reading from 20 to 28s; st. Paul
from 91k to 90a The decline was checked short
" after IL o'clock, and from that time until late
in the afternoon the market was strong, recov-
ering the losses, but the trading was on smaller
scale. Decided weakness was developed
late IN the last hour in the coal
stocks. Lackawanna breaking from 1878
to 1861; Jersey Central from 54s to 53aa,,
Reading from 29s to 2sss. St Paul from 9ls to
904 Lake Shore from SCI to 85s Throughout
the day the market was active when weak, and
quiet when firm, and closed feverish active and
generally weak at shade better than the low
est prices The weakness in St Paul was due
to rumors that the directors, at their last meet
Ing, decided to issue So, 600, 900 convertible bonds
on one of its extensions, not, 1t is said. the
Kansas City extension, the bonds to be convert
ible into common stock at so. After a nota-
BILE dizziness for some time past,
It again became the second most active
gtock on the list. The transactions aggregated
g., 1886 shares. The news OF the day was unim-
Dortant, ana the Strengtn developed AFTER MID
day was largely due to covering of "short" con-
tracts. Theirs was no visible reason for the late
weakness. Comparing prices with those of a
week ago, nearly everyt thing is one to per cent
lower, while Western Union shows loss of g.
Lackawanna 81, Erie preferred q, and ST Paul
2 The notable exceptions are Pacific Mail,
which Is up Ii, St. Paul & Duluth, II, and Texas
e Pacific, J. The total sales for the week were
1904, 062 shares.
The market closed with the following prices
Ia.