The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-08-14
CONDITION OF THE MARKETS
Wheat Advanced Sharply and Closed
at the Best Figures of the Day.
Corn Fluctuated, and Closed at About Thurs
days Prices-Mess Pork Shade Easier
Lard in Active Demand.


Money Easier-Bonds Dali and Heavy
Stocks DUH bat Firm.
NEW YORK, Aug. 13.-Money on call was
easier, ranging at from to per cent, closing
ct 81 per cent. Prime mercantile paper 405 per
cent Sterling exchange quiet at 81 S2a
for sixty-da bills, and 81 S404844 for demand.
The total sales Of stocks to-day were l17,968
shares, including the following, Delaware,
Lackawanna & Western, 24,36o; Erie, 1850;
Kansas & Texas, 3.125; Lake Shore, 1915;
Louisville & Nashville. $3.50; New York Cen
trail, 9,47O; Pacific Mail, 4,075: St Paul, 1908;
81 Paul & Omaha, 500; Texas Pacific, 6,545;
Union Pacific, e,430; Western Union. 1880;
Northern Pacific preferred, 1899; Northwestern.
S4Oo.
Government bonds were dull and steady.
State bonds were dull and heavy.
Railroad bonds were dull and generally heavy.
The business like that in stocks shows a ma
terial decrease to-day, the days total business
hggregating ST., 700. 900 There was a marked de-
srease in the number of issues traded in. West
Shore fours were first in the dealings to-day,
furnishing $46l, 900; Texas 81 Pacific incomes
were next, with 1856, 900, and Erie seconds
third, with $206, 900. Prices were heavy through
put the day. and final figures in majority of
cases are fractonaily lower.
There was no excitement in the money mar
ket today, and it worked comparatively easy,
with the ruling rate about per cent The news
that $500, coo in gold had been shipped to this
port was circulated, and rumors of further ship
rents to come, but the bond call issued
yesterday does not mature until Sept 10, and
all except 81 800 900 will be held for the redemp-
tion of bank circulation. This was disappoint-
ing TO the street, and there some selling of
the Vanderbilts reputed to be for London &C.
count The room traders attacked New York
Central upon the report that the latter would
guarantee the interest upon 100000 of the
New Jersey Junction railroad bonds. There
were renewed reports of damage in the West,
caused by hot weather, which led to free selling
of the grangers. Lackawana exhibited compar-
alive strength, it Is supposed upon buying by in
siders. and Manhattan Consolidated made
Q further advance. The opening was
about steady, first prices being with
in ! per cent of last evenings
York Central which was down per cent. There
was q very quiet market. in which the Wander
bits and Lackawanna, to which may be added
Louisville & Nashville, attracted most attention;
the latter stock and Lake Shore exhib-
tied decided weakness The remainder of the
list yielded slowly. In the afternoon the market
became extremely dull, but remained heavy until
the last hour, when easier rates for money were
reflected In an improvement in values, and the
market closed very dull, but comparatively firm,
at prices which are fractonally better than the
lowest of the day. Closing prices generally show
fractional declines, as compared with those Of
yesterday; but Cleveland, Columbus, Cincinnati
e Indianapolis is down H. and Louisville &
Nashville per cent. The closing quotations
were: