The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-07-20
CONDITION OF THE MARKETS
A Sharp Decline In Corn Causes Excite
ment Among the Spectators.
After Day of Enormous Trading the Market
Closes Firm and Steady-Whcat Advances
STANDARDIZATION Little Easier.
MoNEY. RONDs ANp STOCKS.

Railway Bonds Generally Dull--Stocks More
Active at Slightly Lower Prices.
NEW YORK, July 19-Money on call was
easy at 1I02 per cent
Prime mercantile paper, 4G5 per cent
Sterling exchange was dull at s. 86s for sixty
day bills, and $4S71 for demand.
The total sales of stocks to-day were 165, 1852
shares. including the following: Delaware.
LAekawanna & Western. 21,400; Delaware 6
Hudson, 4, no. Erie II, us; Northwestern, g.
s26i Pacific Mail; 3,7o5; Reading, 4,6Oo st. Paul,
ypB3O; st. Paul & Omaha, 1885, Texas Pacific,
$3.50; Western Union ,9O5; Northern Pacific,
preferred. $3.50.
Government bonds were quiet
State bonds dull and steady
Railroad bonds were generally dull; Sales 81,
$4,000 The Texas g Pacific Rios were some
what weak and lost per cent, but recovered.
The remainder of the trading was quiet and was
confined to comparatively small number of is
sues. Closing prices generally show advances.
but in the greater majority of instances for
small fractions only. Denver & Rio Grande
Western lists were up II, at S44; Erie seconds.
coupon. 81, at 1923; Texas & Pacific consols, 81
at 92a
Although to-day's stock market was more
active than Saturdays, the declines only differed
in degree. There was actually no news of i'm
portance, that received being mainly reports
from the West of damage to the corn crop, and
thege are now taken with an allowance
The little news in regard to the
coal trade also of a discour-
aging character, and the shares of
the coal roads again led in the declines The
only bright spot in the market was New York &
New England, which was conspicuously strong
upon excelAnt buying. It is stated that the
contract for building the Storm King bridge has
been gwen out the completion of which will
bring considerable business to the road. and ru-
mors were afioat Of negotiations with the Penn
sylrania of an important character. The priu-
cipal 'bul" talk is IN regard to Erie and Pacific
Mail. There was another tame opening this
morning, and first prices were irregular and gen.
orally showed only to per cent difference
from Saturdays closing figures, although New
York & New England was up !. There was a
decline In the general list almost Immediately
upon the opening, business being fairin four or FIVE
active stocks, while the remainder were exceed
ingly dull: New York q New England, however,
quickly rose IL per cent, when it reacted a
fraction. Prices for the general list continued
to move off slowly until about P. NJ. when
there was another squirt of per cent. In New
York g New England, and the general mar
ket rallied small fractions. and closed dull and
heavy. bat close to the lowest figures reached.
The fetal days business amounted to 165, 652
shares Now York 81 New England assumed
Nrst place with 1000 shares, followed by Lack
awanna with q. 400, ST. Paul 1920. Erie IL
T16 and Western Onion IL. 905. The net result
of to-days market is that almost everything is
1ower-Western Union !, Lackawanna /, and
others smaller fractions. The advance in New
York & New England was q per cent. There
was no demand for stocks in the loan crowd to-
Day Closing quotations were: