The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-05-24
CONDITION OF THE MARKETS
An Improvement in Wheat, Caused by
an Increase of Orders from Outside.
Corn Quiet and Quotations Shade Lower
Oats Easier-PrOvision Quiet and Steady
at Practically Unchanged Prices.
MONEY. BONDS AND STOCKS.
Increased Activity and Better Prices for Sc
curities of All Kinds.

Increased Activity and Better Prices for Sc
curities of All Kinds.
NEW YORK, May 22-Money on call was easy at
las02 per cent.
Prime mercantile paper, 405 per cent
Sterling exchange; actual rates. 81 S6as for sixty
day bills and 81 s7l9 for demand.
The total sales of stocks to-day were 3Zo,4zo
shares including the following: Delaware, Lacka-
wanna g. Western, 81 $40; Delaware & Hudson, 81
75O Erie. g. 225 Lake Shore 27 535; Northwest
ern, 1925; New Jersey Central, 1920; New
York Central. O,87O; ST. Paul. IA 400; st. Paul g.
Omaha z. $50; Union Pacific, $3.50; Western Union,
1870; Oregon & Transcontinental 9,240.
Government bonds were dull and steady
State bonds were dull and firm.
Railroad bonds were more active Sales, So. IA,
OOO The advance in prices continued, and impor
tant losses tonight Erie seconds, consols,
ak. June coupon and West Shore tours We're heavier
and Houston & Texas issues led the advance. The
main line frsts coupon off, were up 81 at IL; west
eru division sevens, coupon off, Ola ct 1882; the
main line seconds 77s at SO, and the general mort
cages 81, at 644. There was active trading in
Nickelplate trust receipts.
The continued advance of the last few days raised
the question whether the bringing out of long stock
would not check the rise. but the same buying
foreign aud great deal of realizing, tonights
final prices show material gains throughout the list
The Chicago party were prominent in the bust
ness; their favorites, the grangers. are most
conspicuous in the advances made, st. Paul.
Northwestern and Omaha each showing
net advance of over / per cent The Vanderbilts
were strong with the rest Of the market, and show
material gans the high rates for loans of Lake Shore
stock beng feature. The favorable outcome of
Che presidents meeting undoubtedly helped these
stocks There considerable buying of Western
Union, generally believed to be principally
ering of shorts" Lackawanna again
active for a time, and advanced materially, but
became sluggish again and was supported only by
npulation. The market opened steady. but the trad
ing in favorite stocks at advancing prices carried
the general market with them Prices advanced. with
20 reaction of Importance until the close, when
heavy realizing stemmed the upward movement. and
the market closed heavy but close to the best figures
reached 1t reported to-day that bill had passed
the House giving the St Louis & San Fran
cisco the right to enter Indian Territory
and the preferred stock advanced per cent
The grangers, mentioned, were the only stocks
the active list making net advances of than 1
per cent, Northwestern being up la, and st. Paul
and Omaha 1l2 each; Lackawanns l. and the rest of
the market fractional amounts. st. Paul was most
active its sales aggregating GO shares The sales
for the week amount to 1.276, SS8 shares adj
vance of 10000 over those Of last week. Closing
quotations were.