The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-06-21
CONDITION OF THE MARKETS
Wheat Exhibits a Slight Increase of
Strength, and Holds 1t to the Close.
Corn and Oats Firmer, in Sympathy with
Wheat. Closing FractionalIy Higber-Pro-
visions Close Steady at Fridays Figures.


Railway Bonds GENERALLY Higher-The Stock
Market Quiet but Strong.
NEW YORK. June 19.-Money on call was
easy at II 02t per cent.
Prime mercantile paper, 405 per cent
Sterling exchange was firm and unchanged.
The total sales of stocks to-day were 301. 851
shares, including the following Delaware, Lack
nwanna g. Western, So. S35; Delaware & Hudson.
4,672; Erie, TO- $780, Kansas ~ Texas %. 525: Lake
Shore, II, 4S0; Louisville & Nashville, 1880;
Northwestern. IT, 100; New Jersey Central, 4, 446;
New York Central, 1855; Pacific Mail, 5,040;
Reading, 4.43O; St Paul, 1868; St. Paul g
Omaha, $3.50; Texas Pacific. s,27O; Union Pa
sifc, q, $50; Western Union, 81, 1877 Northern
Pacific preferred, II, 6s5; Oregon g. Transconti-
nental, 9,085.
Government bonds quiet and steady.
State bonds were dull but firm.
The sales of railroad bonds were So 725, 000
Nicke-plate trust receipts furnished $3.50, 900,
st. Joseph g. Grand Island frsts 1924, 900, and
Erie second consols $685. oO0 Final prices gen.
orally show advances
Rumors of the trouble between the Rock
Island and St Paul road gave the room traders
Cd the bear side. aided by some selling by Lon
don. an opportunity to drive prices down a little
In the early morning. large short" interes
In Western Union began to cover and the price
was advanced rapidly until the meeting Of sew
eral large stop orders checked the advance for
the time. Later there were several rumors in
regard to trunk-lins affairs generally of a favor
able character, and these were helped
by the strength in Union Pacific caused
by the belief that the sale of
bonds recently bought will place the
company in good financial condition. There
was good buying in Northern Pacific upon the
reported sale of land. which, if true, would re-
tire some $4,000 shares of preferred stock. The
rumor, however, was later contradicted. The
"bnin norton of the room-traders is now larselv
in excess of the other side, and. on account Of
the absence of most Of the larger traders at the
yacht race, they met with no opposition, and
prices were marked up freely, and the market
closed strong. The market was irregular at the
opening, but first prices showed only in
significant changes from last evenings
closing figures, although Pacific Mail and Union
Pacific we're each mp per cent and Omaha
common was per cent lower. There were some
further declines in the early trading but the
market soon rallied, and prices, for the space of
an hour, advanced rapidly, especially in Mis-
souri,, Kansas 81 Texas and Western Union
Later in the day, however, the advance was
more quiet. although towards the close the coal
stocks made a squirt and the market closed
strong at or near the best figures reached. Every
thing Cd the active list is higher L. & N, being
MP Ia Union Pacific, il; Missouri, Kansas g.
Texas Il; Lackawanna, III Delaware 81 Hud-
sou, per cent, and the remainder fractions.
Missouri Pacific is down II, sx. dividend of per
cent There was active trading in the Wabash
stocks, assessment paid, and the common shows
advance of Is and the preferred of Il ST.
Louis 81 San Francisco stocks were also remark
ably active and strong, the preferred being up |
and the common Ii per cent on the revived
talk of the settlement between lie Shore and
Nickel-plate, the preferred " tina latter advanc-
....s SHARPLY TO day, and Is per cent Closing
quotations were