The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-01-17
CONDITION OF THE MARKETS.
Hess Pork Displaces Wheat in the At
fections of Chicago Spectators,
And an Unusually Large Business Follows
An Unsettled Feeling in Wheat-No
Movement in Corn or Oats.
MONEY. BONDS AND STOCKS. ~

Small Bushes in Railway Bonds--Stocks Al
ternafely Firm and Weak.
NEW YORK, JAN 16-Monev on call was
Easy at 102 per cent.
Prime mercantile paper, 405 per cent.
Sterling exchange was dull, but steady and
unchanged.
The total sales of stocks to-day were 496, 427
shares, including the following: Delaware,
Lackawanna & Western, 1.570; Delaware &
Hudson. 1890; Erie. sc. $3.50; Kansas & Texas.
q $685. Lake Shore, S. 44O Louisville & Nash
vile, 1905; Northwestern %, lS5; New York Cen
trail. 1885, Pacific Mail, 1895; Reading, 4.51O;
81. Paul, 62,130; Union Pacific. %, $50; Western
Union, 81. 1922 Northern Pacific preferred q, 80;
Oregon Transcontinental 10,786.
Government bonds were dull and steady.
State bonds were fairly active and steady.
The sales of railroad bonds amounted to 81,
932, 900, and, with the exception of some specu-
Station in Erie second consols, the sales Of which
amounted TO $780, 900. the business was altogeth-
or of retail character Prices were generally
lower. The total sales for the week amounted
60 @l1. 000 against $40 300 600 for the previ-
GUS week.
Stocks were active and firm during the fore
noon and decidedly weak after noon, moving up
and down within range of fractional amounts
TO the close, finally closing firm for most of the
active list. Half of the days business was in
Lackawanna, Pacific Mail and Lake Shore The
most conspicuous feature of the days operations
was the dealings in coal stocks and Pacific Mail.
1t is stated officially that effort is being made
to bring about settlement of existing differences
between the coal roads, and the belief is
general that certain coal company officials are
working in harmony with prominent Wall-st-eet
Spectators for decline in prices Of the coal
stocks before combination is formed for the
current year. Lackawanna was the most active
stock on the list, and closed with net loss of
Mr. S. V. White, who, for more than year past.
has been supposed practically to control the
price of the stocks, now admits that he has dis
posed of his speculative holdings. 1t is
said that 'bear" pool was formed recently
in Pacific Mail, and it was unusually active and
conspicuously weak to-day, selling down to So,
and closing only higher with net loss of !.
The Vanderbilts were we'll held, and, except
Lake Shore, were quiet. The result of the days
operations for the general list is net decline of
! to :, except few instances, where the losses
are greater, including Missouri Pacific, Il. Com
pairing prices this evening with those of week
ago, everything on the active list is lower, the
most important decaines being Pacific Mail, 81;
Delaware & Hudson, a. Lackawanna, Al; Lake
Shore and Missouri Pacific, a; St. Paul, 8;
Western Union and New York Central, 80;
Louisville & Nashville, Union Pacific and
Omaha common, each 81: Erie, g. and others
were 2,3l0, 107 shares, against 1,691, 773 shares
last week.
The market closed with the following prices
I'D.