The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-07-02
CONDITION OF THE MARKETS
A Short but Unusually Active Session
Of the Chicago Board of Trade.
Wheat Opens Very Strong and Prices Advance
Sharply, Caused by Steady Demand
Pork Advances Forty Cents Barrel.
MONEY, BONDS AND STOCKS.

Railway Bonds Shade More Active-Stocks
Gain Little All Along the Line
NEW YORK, July Money on call ranged
rom 81 to per cent, closing at 609 per cent
Prime mercantile paper as per cent
Sterling exchange was dull and unchanged.
The total sales Of stock to-day were 242, 440
awanna e Western, Is, 700; Erie, 21520: Lake
Shore, 1925; Louisville e. Nashville. q, 1856;
Northwestern. II, 28o; New York Central, 5,025;
Pacific Mail. 1885, ST. Paul, 81, 400; st. Paul &
Omaha, 3.49O; Union Pacific, 1880; Western
Union. 10000; Northern Pacific preferred, 4 019;
Oregon & Transcontinental. $50
Government bonds were dull and lower for
The four -a-halfs
State bonds were quiet and firm.
Railroad bonds were shade more active;
BALES, 81, So, 900. OF this Erie second consols
contributed $4,000, and Indianapolis Bloom
hgton & Western incomes $l89, 600. The market
was stronger, and closing prices generally show
advances. The Indianapolis Bloomington e
Western issues, on the contrary, were adversely
affected by the application for receiver for the
company, the incomes being Al lower, at ~, the
seconds lower, at 81. and the Eastern division
sixes 81, at o.
Stocks opened with more decided tone The
news was of a rather more favorable character,
indicating that there was a chance for speedy
settlement of the rate war, and that the rail-
goaGs in Chicago were determined TO maintain
their stand against the strikers; and prices gem
orally were strong and above the closing figures
of last night, and business was somewhat in
elined to move; but during the afternoon the
same feeling waiting for Developments" showed
Itself, and business became heavy. There was
no very decided movement manifested in any
particular stock, except perhaps Louis
vile ds Nashville, in which, it was said.
. pool had been operating, and that it unloaded
to-day. Indianapolis, Bloomington e. Western
also dropped quite heavily, losing e from last
nights closing price, on the announcement that
she directors had applied fer receiver for the
road under friendly suit by one of the creditors
of the road. The directors issued a circular to
bead holders and stockholders announcing the
4act, and explaining that the best interests of the
company, in their opinion, would thereby be
served, and that the suit between their com
pany and the Cincinnati, Sandusky d Cleveland
road could be taken to the federal courts to better
advantage by such a move. There was gain
IN prices all along the line. The grangers and
Vanderbilts were especially favored. North
western gained Il. Omaha, Ii; st. Paul. /; Ceve-
land, Columbus, Cincinnati 81 Indianapolis, i;
Lake Shore, !. There was further ordering of
some $1,000 600 gold bars for shipment most of
which is for Berlin, as the exchange rate is
higher in that city than In any other city in
Europe Heidlebah, Yeckleheiiner & Co., who
hate ordered most of the gold recently, intimate
that IL Is used in Berlin for Russian loans. Call
money again made squirt and rose 20 o per
cent, ranging between 81, the lowest, and the
first named figure. The movement was attrib-
Hted to the same manipulators who have infu-
enced the prices similarly on several recent oc-
casions Closing quotations We're: