The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-10-28
CONDITION OF THE MARKETS.
The Small Increase in Visible Supply
Imparts New Strength to Wheat,
And Under Good Buying the Market Ad-
vances Slightly-Light Trading in Corn
Provisions Steady and Firm.
MONEY, BONDS AND STOCKS.

Less Activity in Railway Bonds-A Decrease
I'm the Business in Stocks.
NEW YORK, Oct. 26-Monev on call was
steady and in abundant supply at II 92 per cent
Prime mercantile paper, 405 per cent
Foreign exchange was dull at 81. 633 for sixty
days. and 81. 85i for demand.
The total sales of stocks to-day were 339 354
shares. including the following: Canada South
ern 1900; Delaware Lackawanna & Western
20,693; Erie, 1860; Kansas & Texas, 1880;
Lake Shore, 49, $50; Louisville & Nashville
s.445; Northwestern, 5000; New Jersey Cen
trail, 4140 New York Central, 9,910; Pacific
Mail, 5,470 Reading. 1920; St Paul, 5446O;
Union Pacific, $685. Western Union, 3D. 100;
Northern Pacific preferred, 10000; Oregon e.
Transcontinental, 1906.
Government bonds were dull and strong.
State bonds were very active, but weak. AS
the enormous activity in the shares marketsub-
sides, there is also noticeable decline in the
sales of speculative railroad bonds. The total
sales to-day were So 6I5 000 the Erie second con
soils contributing ST. 606 000 There was consd
cradle business during the afternoon in the
East Tennessee, Virginia & Georgia bonds, and
Nickel plate frsts. The advances and declines
were about equal in number
The dealings in stocks show decrease day by
day. The opening this morning was strong, and
the early dealings irregular, followed by gen
eral decline. The lowest prices of the day for
most of the active stocks were reached before
noon, but, after moderate reaction, many of
the same stocks sold as low about l o'clock.
There was a moderate degree of activity in the
early dealings. but later transactions were linn
tied until some show of strength and
activity was infused after o'clock The increase
ia business proved to be only squirt, and prices
thereafter remained firm without any material
gains until near the close, when the more active
stocks were suddenly rushed up to per cent,
and the market closed seemingly strong at the
best prices of the day Only two stocks can be
said to have been active-St Paul and Lake
Shore. The former strong, and the latter
weak, until near the close. The total sales were
339 $50 shares nearly 300, 600 shares less than
on the same day last week. The extreme fuc-
ing prices this evening are from to Il higher
Than the final figures of yesterday. It was gen.
orally understood, this morning. that raid was
to be made on ST. Paul, but there
were large sustaining orders some
from Chicago, and the stock was
not allowed to sell below 85, at which it opened.
Late in the day it was advanced to 1863, and
closed at that price, gain over yesterday Of Il.
and strong all day. Lake Shore was very fever
ish in the forenoon. selling from 80S to 804, and
back to 81, and then at 79a. Early in the after
noon it again touched 79a, after selling at 804,
and in the last hour rose to 81, net advance
of ! per cent. New York Central shows an
equal gain after fluctuations of per cent on a
very small business. Missouri Pacific fell in tho
morning to 991, but on an equally small business
in the afternoon it rallied to l02, and closed at
IO32 with net gain of Il Louisville & Nash
vile was prominent for it's feverishness in the
forenoon, and closed with gain of per cent.
Other gains are only fractional. Chicago & AL
ton earnings for the third week in October show
adecrease of 1886, $50, compared with the same
week last year
The market closed with the following prices
bid: