The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-09-19
CONDITION OF THE MARKETS
Wheat Opens Fairly Steady, but Declines
and Promises To Go Still Lower.
Corn Also Weakens Under Heavy Receipts
Considerable Interest Shown in Provis-
ions, but Prices Tending Downward.
MONEY, BONDS AND STOCKS.
Increased Activity and Strength in Both Rail-
WAY Sfncka and Rnnda.


Increased Activity and Strength in Both Rail
way Stocks and Bonds.
NEW YORK, Sept. 18.-Money on call was quiet al
406lo per cent closing at 405 per cent.
Prime mercantile paper, 405 per cent.
Sterling exchange quiet. but steady at 81 81 L
fer sixtyday bills and S4S4l4 for demand
The total sales of stocks to-day were 469, 693
shares, ircuding the following: Canada Southern.
$3.50; Delaware Lackawanna g. Western, 6S320;
Delaware & Hudson, 1O,019; Erie, $4,000; Kansas
& Texas 1890; Lake Shore, Sc, $50; Louisville &
Nashville, $685. Northwestern, zoos; New Jersey
Central 4651 Ohio b Mississippi, 1885; Pacific
Mail &, 1895; Reading, n. &c. st. Paul, 1850; st.
Paul & Omaha, $3.50; Texas @ Pacific, 39,9l5;
Union Pacific, II $40; Western Union, 81 O65;
Northern Pacific preferred, II, 143; Oregon Trans
sentimental, 10, $3.50.
Government bonds were dull but firm.
State bonds were duh and steady
The stock market again displayed activity and
strength than for long time past. Reading, as
was to be expected. the prime feature in the
shows small net decline at the end of the day. In
the morning its price touched 35, the highest yet
reached. There nothing new in regard to it,
eeptng the acceptance, by Mr. Corbin, of the presi
dency which appointment meets the full approval of
of the street. There was much more interest in the
other stocks and Western Union. Jersey Central,
features in tho trading. Texas Pacific was
bought largely in the afternoon for foreign
account. The Vanderbilts were conspicuous
In the afternoon, and all the coal stocks
participated in the advance upon the general improved
outlook for the coal trade The market opened strong
figures last evening, but Delaware & Hudson was up
"A, Reading g. and Jersey Central /. The succeeding
trading active especially in Reading, Western
Union and Lackawanna, but prices were feversh and
Irregular, though generally strong. Reading, how
ever, after touching 35 dropped per cent. In many
latter part of the first hour. An irregular market
succeeded until toward the close, when prices again
moved up the market closing strong
at about the best figures reached. Sales
469,693 shares. Reading was the most
active its sales being 1855. closely followed by
Lackawanna with 1920: Texas Pacific, 80, 915;
Lake Shore, 80, $50. and Western Union, g. ,065.
The other prominently active stocks were Jersey
Central Erie and st. Paul. Almost everything is
higher tonight the only conspicuous exceptions be-
ing the San Francisco stocks the preferred showing
q loss of per cent The coal stocks show the most
marked advances, Delaware & Hudson being up Ola;
Laekawanna, 21e and jersey Central, 17s. Lake
Shore is oe higher; Michigan Central 1, and the
manning stocks fractional amounts. The business
OF the week amounts to 1887. 636 shares,
active stocks show marked advances. the gain in
Reading being ia per cent; Canada Southern, AS;
Lackawanna. e; Louisville g Nashville and Delaware
q Hudson, each, a; Jersey Central and Union Pa.
eifc, 31s.
Railroad bonds were again comparatively active,
Atlantic u Pacific incomes furnished 1856, 900, and
Texas Pacific incomes 1898 600. There no
special features to the trading except the two bonds
mentioned. prices being generally steady throughout
the day The business for the week has been So PAL
500 against So, 900 for the previous week Clos