The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-05-01
CONDITION OF THE MARKETS
Trade at Chicago Very Dull and Flat,
and Operations Entirely Local.
An Active Business in Corn, Without Any
Marked Changes in Prices-Proyisions
Steady and the Market Quotably Firm.
MONEY, BONDS AND STOCKS.

Fair Rnsiness in Railway Bonds at Lower
Prices-stocks Active and Lower.
NEW YORK, April 30.-Money on call was
easy at 203 per cent.
Prime mercantile paper, 405 per cent.
Sterling exchange was dull, but steady and
unchanged.
The total sales Of stock to-day were 355. 653
shares. including the following: Delaware,
Lackawanna & Western, $685.; Delaware &
Hudson $3.50; Erie 1885, Kansas g. Texas,
1866; Lake Shore. SO, 23O; Louisville & Nash
vile, 1S, 525 Northwestern 16, AGO; New Jersey
Central, 3, 700; New York Central 80, e25; Pacific
Mail 90, 100; Reading, 1890; st. Paul. 80. 300; ST.
Paul & Omaha, 3455; Union Pacific, 20,510;
Western Union, 81, 765; Northern Pacific, pre-
ferred, $3.50; Oregon & Transcontinental, e,615.
Government bonds were dull, but steady.
State bonds were very dull and steady.
There was fair business in railroad bonds,
with sales of 81, 624, 600, of which Erie second
consols contributed $3.50. 600. Prices were gen.
orally lower, including decline in Chesapeake
& Chic skies, coupon off, 8. at 6S; Kansas &
Texas general SKIES q, at 81; Nickle-pIate trust
receipts, %. at $50; Texas & Pacific land grants,
q, at 34s; Atlantic & Pacific q, at 21a; Peoria,
Decatur g Evansville incomes, 2, at 65, and TT.
Worth & Denver frsts, q, at 81. In some cases
prices are higher. the most important gains be-
ing in st. Paul, Minneapolis & Omaha skies, /,
at 123, and Denver, South Park & Pacific frsts, T.
Stocks were again almost wholly governed by
news regarding the probabilities of general ex
tension of the labor troubles, and the news or
this kind to-day was very unfavorabe, especial
ly from the Northwest. While all admit that
there is still much doubt as TO what will actually
be done in the near future, timid holders prefer
to take the profits or losses, as the case may be,
and await developments The bears have again
taken advantage of the situation, and the
ssshorts" interest has been materially increased
The opening prices showed little or no changes
from last evening" and there was an advance
during the first hour. During this time the mar
ket was decidedly active. somewhat heavy
tone prevailed until / o'clock, when decided
weakness, which was the conspicuous feature of
Missouri, Kansas % Texas after midday, ex
tended to the whole list, and the lowest prices of
the day were Generosity made in the next hour,
the declines for the active list ranging from to
neSssiiss Q per cent. Tno movement in the last
hour was without special feature, and the nnai
dealings displayed some frmness. The market
closed about steady and generally about per
cent. lower than last evening. There are several
important exceptions however, including Pa
cife Mail, which is down IL. Oregon & Trans
continental. II; Louisville Nashville, L.
Missouri, Kansas d Texas, opened unchanged
at 26a but yielded during the afternoon to pa
II was still more active after midday, and de-
cained to 23s. In the last hour there was rally
to 23S at which it closed, at net loss of %
The heaviest trading was in Lake Shore, which
was pressed vigorously for sale after midday,
and yielded to 78a. after selling in the morning
at so. 1t closed better, with net loss of T.
The month which closes to-day has been more
conspicuous for the dizziness of the market, &C
companied by frrnness, until during the past
day or two. The net result of the months
operations, comparing the opening prices on
April with the closing figures of this evening,
show declines of to 81 per cent. Louisville &
Nashville, and Western Union are down 4a;
Texas & pacific, Al; Missouri, Kansas & Texas,
s.; Delaware s. Hudson, Il; Lackawanna. Lake
Shore and Reading, each, 81. None of the active
stocks are higher except Union Pacific, 8, and
Southern Pacific, 81. The total sales for the
month were only 631S,5OO shares, against TO-
$4,000 shares last month. Closing quotations
were: