The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-09-14
CONDITION OF THE MARKETS
Wheat Opens Easy, but Very Strong
Buying Results in an Advance.
Decreased Receipts of Corn Cause an Improved
Feefng-PrOvision Excited and Higher,
with an Advance of go Cents in Pork.
MONEY, BONDS AND STOCKS.

Increased Activity and Better Prices for
General Stocks and Railway Bonds.
NEW YORK, Sept 13.-Money on cali loaned
from to z per cent, closing at 5 bid
prime mercantile paper, as per cent.
Sterling exchange was quiet but steady at
o. sl9 for 60 days bill and "a. s4a for demand
The total sales of stocks to-day were 257. 957
shares, including the following: Canada
Southern, 1880; Delaware, Lackawana &
Western, 40,3SO; Delaware 6 Hudson, 4,09l;
Erie. $500; Kansas & Texas, II, 400; Lake
Shore, $500; Louisville & Nashville, 1925;
Missouri Pacific, 1894; Northwestern, 5,765;
New Jersey Central. 5,ll0; New York Central,
G,183; PEORIA Decatur g Evansville, 3,765; ST.
Paul s. Omaha, 4,375; st. Paul, % 789; Union
Pacific, 1883; Western Union, 1880; Wabash
Pacific, g. $780, Northern Pacific, preferred, 1886;
Oregon & Transcontinental, q, 280
Government bonds dull but steady.
State bonds dull and firm.
Railroad bonds shared in both the improve
xnent in prices and the increased business of the
share market, the sales footing mp 81 sos, 000
The market was firm from the opening to the
close, and final declines are very few in number
The stock market was stronger, and showed
weeks. The bears seemed demoralized, and the
bulls. for the time being, had complete control
The course of prices, with the exception OF
slight reaction in the early trading, and another
in the last hour, was almost steadily upward
and, while the sales in each stock were increased,
the dealings were extended to a much larger
number of stocks than of late. While there was
NO particular news to influence values, this
morning, the general advance was made upon
the improved feeling in the street. there being
very little outside buying as yet London is
credited with some trading in Louisville
& Nashville, the Vanderblts and the grangers.
The active stocks generally ductuated within a
comparatively narrow range, the more i'm
portant movements being in several specialties
chief among which was Oregon Navigation,
which was bought on rumors of an extra divi-
aend. Oregon q Transcontinental moved in
sympatny. sharp ADVANCE was Also made in
Fort Worth e Denver. The Wabash stocks
were again prominently active and strong on
the increased earnings of the road and the
probability of a successful reorganization of
the company. First prices showed advances
ranging from a ). the latter in L. % N, while
Lackawanna and Jersey Central were each up ].
There was considerable excitement at the open
Ing and for the Arst half hour there was an I'M
usually active business, but after few further
slight advances prices yielded. and at noon
were slightly under the opening figures. Later,
however, a general advance took place,
which eliminated about 2 P. NJ, when
the highest prices generally were recorded
Another slight yielding in values followed. but
the market recovered before the close, which
was about steady at the best prices of the DAY.
The days business aggregated 257, 957 shares
Lackawanna was the leader in activity, with
sales of 40, $3.50; St Paul was next with q, S95,
and Oregon 81 Transcontinental third, with g.
290, with quiet though well-dstributed bust
ness in the remainder of the list The active
st0cka are almost invariably higher Canada
Southern being up 2 per cent; Oregon & Trans
sentimental and st. Paul & Duluth, each, Il;
Lackawanna and Louisville g Nashville, each. /,
and others smaller fractions. Closing quotations
were: