The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-05-30
CONDITION OF THE MARKETS.
Decrease in the Visible Supply Causes an
Advance in Prices of Wheat.
Corn and Oats Rule Steady and Close Shade
Lower - Provisions Steadier and Prices
Slightly Higher than on Friday.
MONEY BONDS AND STOCKS.

Increased Business in Railway Bonds-Stocks
Strong and Generally Higher.
NEW YORK, May 29.-Money on call was easy at
102ia per cent.
Prime mercantile paper, 405 per cent.
Sterling exchange was quiet, but steady; actual
gates ga s7la for sixty day bills and $48914 for de-
mand.
The total sales of stocks to-day were 315,os2
shares including the following: Delaware, Lacka
wanna s. Western, DC, 515; Erie, 1928; Kansas &
Texas, 7,46O; Lake Shore 1925; Louisville q
Nashville, 1865; Missouri Pacific, $500, North
western, 81, 1885, New Jersey Central 6,77O; New
York Central. 1927; Pacific Mail, 1900; Reading,
1000; st. Paul, A. OS5 st. Paul & Omaha, 1875;
Texas Pacific, 9,775; Union Pacific 10.175; Western
Union, IL, 465; Oregon g. Transcontinental 3.175.
Government bonds were quiet but firm.
State bonds were duh and steady.
There was an increased business in railroad bonds
30 day, sales 50, 1872 OO0 of which Erie seconds
furnished 500, 900 and Atlantic s. Pacific incomes
1882 900. Final prices were generally higher.
There was good buying of stocks to-day from the
Rtart and the grangers Lackawanna, Lake Shore and
Erie were special favorites 1t is reported that a
sbul pool has lately been formed in Omaha and that
the buying to-day was generally by insiders. The
statement of the Erie road for April shows marked
improvement, and the stock went up on inside buy
1ng. NOfJnSeStSrn was also spScat IaVorlJt IL
is reported that the earnings for this week will show
increase of over $50 900. Themarket opened strong
and generally from ls to So above yesterday closing
There only moderate business. however, but
prices advanced from the opening There slight
Veaction towards noon but after that there in
creased business and prices moved steadily up to the
close. Northwestern reached the highest price
yet RECORDED this year. In the afternoon
hhe buying in Omaha made that stock conspicuous,
and it quickly advanced over per cent. 1t was re-
ported that there strong buying of the grangers
especially for European account. st. Paul again
Afavorte. and opened up Il higher at 81 % and ad-
vanced to92si, closing is lower. Lackawanna came
aext, with 46085 shares, closing a higher. North
western third 1t opened up So higher. at III
acted small fraction but thereafter steadily to
6he close being strong the reaction Of the general
market and closed at the highest price of the day,
net advance of 2ss Lake Shore was also conspicu-
cusy strong 1t opened up ls higher at 81, advanced
10 81 aa but reacted at the close to S2ls The mar
ket closed strong about the best prices of the day.
Everything the active list is higher: L. s. N. is
up lie; Omaha common LEI Erie, Lackawanna
Hooking Valley and Lake Shore. Ia each; Texas &
Pacific and Union Pacific, lie each; Jersey Central
and Chicago, Burlington Quincy per cent. each.
The rest of the market is up fractional amounts Ore
gon Navigation shows decline of 2per cent Closing
quotations were: