The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-06-02
CONDITION OF THE MARKETS.
Wheat Decidedly Heavy, the Result of
UnfayOrable Foreign Adyices.
Corn Rnles Weaker Because of Large Receipts
and Absence of Shipping Demand-Mess
Pork Opens Firm but Closes Weak.
MONEY, BONDS AND STOCKS.

Continued Activity in Hallway Bonds-Stocks
Generally Show Slight Advances.
NEW YORK, June Money on call was
sasy at II 02k per cent
Prime mercantile paper, 405 per cent.
Sterling exchange was steady at 81. 81 for
sixty-day bills, and 81 e9i for demand.
The total stock sales to-day were 304, 400
shares including the following: Delaware
Lackawanna & Western, 1890; Kansas &
Texas, TO- $780, Erie 81. 02O; Lake Shore. 20, 064;
Louisville & Nashville, q, AGO. Missouri Pacific,
GALS; Northwestern $50; New Jersey Cen
trail, 1900 New York Central, $3.50; Pacific
Mail. 5,575; St. Paul, Y, $780, St Paul 6 Omaha,
II, 900; Texas Pacific, $500; Union Pacific, IL,
no.; Western Union 1850; Oregon & Transcon-
tinental. 1925.
Government bonds were quiet and firm.
State bonds were dull and steady.
Railroad bonds were again active. Erie Sec
ond consols, ex June coupon, furnished $685.
900 out of total days business of $500, COO.
Prices were generally heavy in the morning,
but recovered their tone, and the final prices
show exceptional advances in the majority of in
stances Denver e Rio Grande western 6rsts
are up q, at 74t Houston & Texas western di-
vision hrsts coupon off, 8, at 1914; Louisville q
Nashville l0-4O Slxes a. at SS4.
The news affecting the values Of stocks this
morning was principally from the Northwest,
and referred generally to the emitting OF rates.
Later, however, there were statements issued In
regard to certain special stocks, showing an i'm
proved condition in their affairs. Northwestern
was especially favored in this respect, and the
amount of the next dividend is supposed to be
settled 1t is reported, upon authority OF di-
rector of the company, that the annual report
will show surplus of 100000 The market
displayed very little strength during the morn
ing hour, bat later there, was2good buying, up to
the last half hour, and final figures
show generally small gains over the opening
prices. Ths market opened up generally from
4 to higher, but yielded small fractions.
After ! O'clock there was rally. and the highest
prices were reached in the early part of the last
hour, but realizing caused it TO sag of, and final
prices are e shade under the best Of the day.
The grangers. Lackawanna Lake Shore and
Erie were the speculative favorites Hooking
Valley was conspicuousy active. opening up II,
at 80, but it sagged off to 34a closing higher.
St. Paul was higher at the opening at 93E
declined to 92a, and afterwards reacted to 49,,
but closed at 93S. Lackawanna was higher
at the opening at 1909, sold between
1901 and 1914. and closed at 1907. Erie was
higher. at 27a, this morning, and fuctuated
throughout the day, closing at 272a. Northwest
ern higher. at 1l3s. rose to l13s after sell
ing at 49, but closed at the opening price Lake
Shore was higher, at 82s. declined and then
net result of the days business is an advance for
almost everything on the active list, but foI
only fractional amounts. Oregon Navigation is
up l per cent, and Reading shows decline of ]
per cent. The sales amounted to 304, S95 shares
for the four hours business.