The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-10-23
CONDITION OF THE MARKETS
A Sharp Fall in Wheat, Followed by
the Lowest Prices of the Week.
The Decline Assisted by the Anxiety of
Small Holders to Get Rid of Their
Grain-PrOyisionS Steady.
MONEY, BONDS AND STOCKS.
no Abatement of Activity in Railway Bonds
Stocks Active but Weak.

no Abatement of Activity in Railway Bonds
Stocks Active but Weak.
NEW YORK, Oct. 22-Money on call was
easy at II 03 per cent, closing at 2.
Prime mercantile paper, 405 per cent
Foreign exchange was quiet and unchanged.
The total sales of stocks to-day were 675 94l
shares including the following: Delaware, Lack
Awanna & Western, 14,436; Denver q Rio
Grande, 1896; Erie, &c, 400; Kansas g. Texas
Ia. 300; Lake Shore, 10 433; Louisville & Nash
vile, I6 925; Lake Erie & Western, $3.50; North
western, %, $50; New Jersey Central, 16,4O0; New
York Central, 1870; Northern Pacific. ii, 628;
Pacific Mail, Is, 800; Reading III, 300; st. Paul
d Omaha. $780, Texas Pacific, 1925; Union Pa
ciic, 81, 655; Western Union, 2l.S70; Northern
Pacific preferred IS, 900; Oregon e. Transconti-
mental, 26.524
Government bonds were dull and strong
State bonds have been moderately active and
strong.
There is no abatement in the activity Of the
railroad bond market. The sales to-day agere-
grated S., 272. 900, but the business was not as
widely distributed, and, as on some previous
days recently, Erie second consols monopolzed
little less than half Of the days transactions
with sales of So 431 900, with a net loss of per
cent. Other comparatively active issues were
the Atlantic & Pacific incomes the western di-
vision frsts, the East Tennessee incomes Can
ada Southern seconds, Nickel-plate seconds,
Texas Pacific Rios, and Oregon q Transconti-
mental frsts. Prices sympathized to some ex-
tent with the course of the stock market.
There has been quite change in the stock
market to-day. The trading continues large,
and the sales to day amounted to 675, 941 shares
The market was at times very active and fever
ish, and, during greater portion Of the day,
weak. The greatest activity was early in the
day and during the last hour in the morning
The sales during the first half hour we're nearly
$780, 900 shares and for the first hour over 230, 000
shares.
The action of the Baltimore & Ohio company,
st the meeting at Commissioner Fink's Office in
declining to cooperate in the formation
Of passenger pool until it was assured
satisfactory entrance into New York, was inter
preted this morning as meaning fourther trouble
among the trunk lines First prices were weak
though the declines were only fractional, except
in Lake Shore, which was down per cent. The
decline was soon checked, however, and was fol-
lowed by moderate reactions. The highest
prices were reached between 1 and o'clock.
Later on there was decided decline, and prices
fell to the lowest figures OF the day, and the
market closed weak, excited and heavy. Cen
trail Of New Jersey shows a gain Of l. after iuc-
tuating near per cent Lackawanna is
down Ii, and Delaware & Hudson Is per cent
The highest-priced Gould stocks also
closed with q net decline of "a; Pacific
Nail is l per cent lower. Missouri Pacific, j
Texas e. Pacific 8, and Missouri. Kansas Sc
Texas per cent lower. Union Pacific is 1
lower. The grangers were also prominent in the
Declines Northwestern and ST. Paul each being
IL lower. Lake Shore was very active, with
sales Of TO- 600 shares, closing with net loss of
Il. Other prominent declines are in Louisville
& Nashville and Canadian Pacific, each II; c.,
G.. C. & L., IL: Michigan Central II; Erie, i;
Northern Pacific. common, !. and Northern Pa
cifc preferred, II; Oregon & Transcontnenta
/, and Oregon Navigation, !. A dispatch from
the president of the Union Pacific to the pres-
dent of the Pacific Mail Steamship Company
was circulated to-day, in which Mr.. Adams SAYS
II have made statement whatever about
termination of Pacific Mail contract. l have no
Information on the subject"
The market closed with the following prices
hid.