The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-01-20
CONDITION OF THE MARKETS.
Wheat Touches the Lowest Figures Re-
corded Since March of Last Year.
Corn and Oats Slightly Higher-Mess Pork in
Demand at Little Better Figures, the
Market Closing Steady.
MONEY. BONDS AND STOCKS.

A Dull Day in the Railway Bond Market
Great Activity in Prominent Stocks.
NEW YORK, Jan. 19.-Money was dull ard
easy at per cent
Prime mercantile paper, 495 per cent
Sterling exchange was dull, but steady at
$4s6s for sixty days, and $3.50 for demand
The total sales Of stocks to-day were 486, s52
shares, including the following: Delaware,
Lackawanna 6 Western, 1o3.025; Delaware &
Hudson, $40; Erie, 23,085; Kansas & Texas,
$685. Lake Shore, 81, 032 Louisville & Nash
ville IL, 700; Northwestern, 1S,495; New Jersey
Central $780, New York Central, q, 672; Pacific
Mail, 1885, St Paul, 76, 800; ST. Paul 6 Omaha,
3, 100; Union Pacific. 1880; Western Union,
81, 620; Northern Pacific preferred, 1902;
Oregon & Transcontinental. 5,3A.
Government bonds were dull and steady.
State bonds were dull and prices firm.
Railway bonds were dull The total sales
were 81. 6S9,o 40 per cent of which were in
East Tennessee incomes and Erie second consols.
Prices were heavy in the forenoon, but responded
to the better feeling in stocks after midday.
The Coppell committee OF the Denver q lilo
Grande Western railway have dissolved, ana
are returning to the depositors the bonds and
stocks deposited with them.
Although the stock market was active, Its
special features were limited. The total sales
were 49, 400 shares-Lackawanna, st. Paul,
Lake Shore and Union Pacific absorbing nearly
go per cent. of the days business. There was an
Irregular opening, followed by decided activity
and considerably frmer prices for most stocks
Lackawanna, after MANY fluctuations and a
display of decided feverishness, closed at
liza, a net gain of H. The general list was
quiet and steady after the first hour for a
time. Later it yielded a fraction, and after
o'clock again became firm, which developed into
decided strength later in the day, on the crcula
ton Of a report that meeting had been held at
the office Of Drexel, Morgan q Co., and that an
agreement had been reached to leave the differ
ences between the Baltimore 81 Ohio and the
Pennsylvania railroads TO arbitration. Although
the report was not denied before the close of the
board, there was fractional reaction in late
dealings, the market closing irregular and COM
parativeiy dull. Mr.. Morgan is authority for the
statement that there is no change In the position
of the Baltimore g. Ohio The Baltimore q
Ohio did not sign the passenger agreement, and
the Pennsylvania has not cut rates.
The Vanderblts continue to show decided
strength, Lake Shore and New York Central
each making a net advance or per cent, but
the trading in the latter stock was only moder-
ate Among the grangerS ST. Paul was weak in
the morning, selling down (, to 90s, but later it
rose to 929 and closed shade lower, with an ad-
vance of ], while the preferred is up Is. North
western shows a net gain of !, and Manitoba is
per cent. higher Other important advances are
Union Pacific II; Pacific Mail Il, and Canada
Southern II. The announcement OF the Mis-
souri Pacifics plan for the extension of its lines
had little effect upon the stock although it was
strong on moderate sales, and closed with net
advance of Z.
The ST.. Louis e. San Francisco railway d.
rectors to-day declared the usual semi-annuai
dividend of 81 per cent. upon the first preferred
stock, payable Feb. 10; the books close Jan. 26.
The market closed with the following prices
bid: