The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-08-27
CONDITION OF THE MARKETS.
Wheat Unsettled and Irregular Within
a Narrow Range of Fluctuations.
Large Receipts Cause Decline in Prices Of
COrn-0ats Lower-PrOyision Easy at
Prices Shade Lower than Last Figures.
MONEY, BONDS AND STOCKS.

Railway Bonds Dull and Generally Heavy
Continued Dizziness In Stocks.
NEW YORK, Ang. 26.-Money on call was
easies, ranging from to per cent, closing Of
fered at per cent.
Prime mercantile paper 405 per cent.
Sterling exchange was weak, active and unset
tied at a. 800 for sixty-day bills and 81 s3a for
demand.
The total sales of stocks to day were 118, 305
shares, including the following: Delaware,
Lackawanna & Western, Is, $50; Erie. 1920;
Lake Shore, 10000; Louisville & Nashville.
$500; New York Central, $40; st. Paul, 1900;
Union Pacifs 4,O6o; Western Union, $500.
Government bonds have been very dull and
STEADY
State bonds have been entirely neglected.
Railroad bonds have been dull and generally
heavy, although the business to-day shows some
slight improvement, the increase over yesterday
amounting to over $3.50, 900. Erie seconds were
again the only active issue, the sales reaching
@130,000 There was positively no feature in the
remainder of the list final changes being gener-
ally for Insignificant amounts, and are about
evenly divided between gains and losses; Denver
% Rio Grande frsts are M 2, at 120 North
Missouri frsts, 2, at 116s, and Lafayette, Bloom
ington 81 Muncie incomes, 6, at 46. Houston
u Texas, western division, coupons off. lost q at
1O2, and the general skies, 81 at So; Wabash Sec
onds 3, at SO.
The leading feature of the stock market was
its extreme dullness. large proportion of the
operators in this market continue absent To-
days market was a scalpers market pure and
simple. The influences which may be said to
have had effect upon prices were unfavorable il
the morning, ths advance in the discount rate
of the Bank of England being generally re-
garded as 'bear" argument. Reports from the
West of cutting of rates by the Baltimore &
Ohio had some little effect. In the afternoon
the statements of the Pennsylvania, Erie and
Northwestern were issued, the latter being
specially favorable. A fall in the rates
for sterling exchange in consequence of the offer
ings of commercial bills ard lack of inquiry
was announced The trading was of decidedly
retail character throughout the day. Most of
the active stocks opened unchanged this
morning, while the remainder showed slight de-
clnes, Kansas & Texas being down per cent
! Prices made some slight advances in the early
cording drop OF per cent; New York & New
England, however, was conspicuouslv strong,
and remained so throughout the day. Lowest
prices were generally reached shortly before noon
after which the market continued firm until
the close, which was conspicuously strong or
generally at small fractions better than the open
ing. The total days business was lis, 305 shares
New York s. New England was the most active
stock. its sales amounting to 20,470. The only
other stocks recording over 10000 shares were
Laekawapna, Erie and Lake Shore, in the order
named. the aggregate of the business in the four
stocks being over one-haf of the total sales for
the day Final changes are in no case for more
than fractional amounts, advances being in the
maiority, Closing quotations were: