The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-09-15
THE INDIANAPOLIS NATIONAL BANK
Designated United States Depository
Corner Room Odd-fellows'sHall
THEo. P. E.1GGHEY. Press. H. LATHAM, Cash
CONDITION OF THE MARKETS
Free Selling of Wheat at Prices Close
to Those Prevailing ON Monday.
Corn Very Quiet, Easy and Shade Lower
Oats Tritle Firmer-GoOd Deal of Excits-
ment and Wide Fluctuations in Pork.
MONEY, BONDS AND STOCKS.

Stocks Slowly and Steadily Dccline-Small
Business In Railway Bonds.
NEW YORK, Sept 14-Money on call loaned
from 81 to 10 per cent, closing at 607
Prime mercantile paper, 405 per cent.
Sterling exchange was steady and unchanged.
The total sales of stocks to-day were 277. 7S1
shares, including the following Canada South
ern, 1885; Delaware, Lackawana & Western,
$40; Delaware & Hudson. 4,470; Erie, $3.50;
Kansas g. Texas, 1880; Lake Shore, 9,175;
Louisville & Nashville $500; Missouri Pacific,
6,025: Northwestern, $3.50; New York Central,
8,O43; Peoria, Decatur s. Evansville, $780, St.
Paul, 1880; ST. Paul 6 Omaha, 8,410; Union
Pacific, II, AGO; Western Union, 1885; Wabash
Pacific, $685. Northern Pacific, preferred, 4,845;
Oregon g. Transcontinental. 1885
Government bonds were dull but firm.
State bonds were dull and steady.
The general disposition this morning was to
take such profits in stocks So the existing prices
afforded; at the same time there was wide
spread feeling that soms sort of reaction was
due, and realizations throughout the day kept
prices down, although the unaertone of the
market was strong The market, just after
noon. advanced sharply upon buying by the
Chicago party snd the foreigners, but the ad-
vance was not maintained, and che selling for
the rest Of the afternoon caused slow but
steady depreciation of values. The news Of the
day was most favorable, the only element against
she market being the lack of agreement among the
managers ut Chicago in disputed points. A rumor
was started at one time that the trouble regard
ing balances IN the old pool had been settled,
which materially helped the grangers London
buying was principally in the Southwestern
stocks, and there were considerable purchases of
Union Pacific and the San Francisco stocks for
Boston account The market was firm to strong
Mt the opening, majority OF stocks showing ad-
vances over the closing prices of last evening of
from to per cent. There were some few
further slight advances in the early trading. but
the market gave way aud prices were carried
down small fractions below the opening, and
during the remainder of the morning hour Huc-
tuated within narrow limits, noon prices gener-
ally showing slight declines. Purchases by
Chicago, London and Boston then rallied the
market sharply. and prices attained the highest
range yet shown but upon cessation of the
buying the market became quiet and prices re-
6umed their slow and steady decline, closing
heavy. Sales, 277,28l shares: ST. Paul, 43, $50;
Lackswanna. 26,540. followed by Kansas & Tex
as, Oregon & Transcontinental, Union Pacific
and Canada Southern in the order named each
of which furnished over 10000 shares. Almost
everything on the active list is lower, but in no
case for more than fractional amounts-Omaha
common being down /, Western Union 4, and
others smaller fractions. Canadian Pacific was
a notable exception. showing an advance of !.
The business in railroad bonds was somewhat
more widely distributed. but the total transac
lions, which foot up 81 1926 000 are nearly 5000,
900 less than those OF yesterday. Prices sym
pathized with the trading in shares and were ir-
regular throughout the day. final changes being
generally for insignificant amounts. Northwest
ern registered debentures rose 81 to 1854, and
Southern Pacific of California hrsts e. to ia
Closing quotations were: