The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-09-20
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 Kali
way Stocks and Bonds.
NEW YORK, Sept 19-Money on call quiet at
496lo per cent, closing at A as per cent.
Prime mercantile paper, 405 per cent.
Sterling exchange quiet but steady at "a. 81 q
For sixty-dsy bills and 81. 84l4 for demand.
The total sales of stocks to-day were 469, 693
shares, ircluding the following Canada Southern,
$780, Delaware, Laekawanna g. Western, 90 800;
Delaware g. Hudson, 10O19 Erie $4,000; Kansas
s. Texas, $780, Lake Shore $3.50; Louisville s.
Nashville, 6,675; Northwestern, 4,O05; New Jersey
Central 4,651; Ohio g. Mississippi. 1895; Pacific
Mail, 1905; Reading, n 6lO: ST. Paul, $780, ST
Paul & Omaha, $780, Texas & Pacific, 39,9l5;
Union Pacific II, $40; Western Union, 81. 065;
Northern Pacific preferred, - 143 Oregon g. Trans
continental, TO- $50
Government bonds were dull but firm.
State bonds were duh and steady.
The stock market again displayed, more activity and
strength than for long time past. Reading, as
was to be expected was the prime feature in the
trading, but, unlike the remainder of the list, it
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, ex-
cepting the acceptance by Mr.. Corbin. of the presi
dsnsy which aRgointment meets the full approval of
other stocks, and Western Union, Jersey Central,
Texas Pacific, Lackawanna, and Lake Shore were
features IN inc uraolnS., IeXaS ACME was
bought largely in the afternoon for foreign
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
first prices being generally 1e to q above the inal
figures last evening, but Delaware & Hudson up
"A, Reading L. and Jersey Central /. The succeeding
trading active, especially in Reading Western
Union and Lackawanns, but prices feverish and
irregular, though generally strong. Reading, how
ever after touching So, dropped per cent In many
the highest prices of the day reached in the
latter part of the first hour. An irregular market
succeeded until toward the close when prices again
at about the best figures reached. Sales
469,693 shares. Reading was the most
active its sales being 1910. closely followed by
Lackawanna with 48 800: Texas Pacific, 80, 915;
Lake Shore, 3S, $50. and Western Union, 81 065.
The other prominently active stocks were Jersey
higher tonight the only conspicuous exceptions be-
ing the San Francisco stocks the preferred showing
loss of per cent The coal stocks show the most
marl sd advances. Delaware 6 Hudson being up Ola;
Laekawanna, 21s, and Jersey Central, 17s. Lake
Shore is % higher; Michigan Central l, and the
manning stocks fractional amounts. The business
of the week amounts to 1887, 636 shares,
against 899, 736 for the preceding week. All the
active stocks show marked advances the gain in
Reading being Il per cent; Canada Southern, 7e;
IAokawanna, Ts; Louisville & Nashville and Delaware
& Hudson each, 3i4; Jersey Central and Union Pa
cifc, sic.
Railroad bonds were again comparatively active
the sales amounting to ST. 819 900. Of this amount
Atlantic d Pacific incomes furnished $466, 900. and
Texas Pacific incomes $293 600. There were 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 241
500 against So, OOo for the previous week. Clos
evaVn fofiN