The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-10-19
CONDITION OF THE MARKETS
Wheat Opens with an Excited Feeling
and Higher Prices Rule for Time.
Large Offerings Cause Decline, but the
Market Closes Steady-A Fair Trade
in Corn-Proyisions Quiet.
MONEY, BONDS AND STOCKS.
Enormous Transactions in Railway Bonds
Stocks Feverish but Strong.

Enormous Transactions in Railway Bonds
Stocks Feverish but Strong.
NEW YORK, Oct 17.-Monev on call was
easy az II az per cent.
Prime mercantile paper, 405 per cent.
Foreign exchange was dull and unchanged.
The total sales of stocks to-day were 528, GIG
shares, including the following: Canada South
ern, 13.170; Central Pacific, $40; Delaware,
Lackawanna & Western, 48, 432; Delaware &
Hudson, 4,3Io; Erie, 59.5O5; Kansas G. Texas,
II,875; Lake Shore, 40 205; Louisville & Nash
vile, Is, 595; Northwestern %, 600; New York
Central, q, $50; Northern Pacific, Ass; North
ern Pacific preferred, 13 O15 Pacific Mail 10, 600;
Reading, Il, 250; st. Paul, $50; st. Paul &
Omaha, II. ITO; Union Pacific, q, Sos; Western
Union, 44.029; Oregon & Transcontinental,
947.
Government bonds were dull and strong
State bonds were active and firm
Today's transactions in railway bonds were
larger than on any preceding day this year,
amounting 10 So LAG 000 The Erie second con-
soils were very active and strong showing net
gain Of II per cent, with sales of ST. 201, 000
There was very heavy business, also. in Atlantic
& Pacific issues. They WERE however, very
feverish during the afternoon. The Atlantic g.
IA to 75!. and closed at TAI. The
GALES of the two issues mentioned amounted
TO 81, 552. 000 The remainder of the business
was very well distributed, and prices generally
show gains, especially the lower priced bonds
that are being sought for investment. The
market has been extremely active and strong
throughout the week, the advance being ma
terial, while the total sales are in of any
previous week for many months. The sales for
tins week have been $25 or, 900.
The stock market was very active, feverish,
and irregular, but the whole strong Erie
led. with sales of SO 500 shares. closing gain
of !. The greatest advance was made by Lacka-
wanna, which 1uctuated wildly, and closed
within of the highest price of the day. with a
net advance of q. Delaware 81 Hudson received
some attention, and gained 2 per cent Central,
OF New Jersey, was again strong at the opening.
and closed lower than the highest price
of the day, with a net advance of Il.
Reading is up Ii. Among the grangers, ST. Paul
was little more than steady during the fore
noon. was quiet after midday, but rallied late
to Soac, and closed with an advance of ]. The
earnings for the second week Of October are re-
ported at 1924. 600, gain over the same period
last year of $40, 500. Northwestern developed
decided strenth at the opening. and at no time
did it sell below l07, and closed with net ad-
vance of per cent Omaha, common, gained ).
but Manitoba is slower. and c., B. 81 @. is down Z.
The Vanderbilts were decidedly strong Lacka
wanna gained ], and New York Central L.; Can
ada Southern closed with net advance of Il;
Michigan Central is up II; Union Pacific was
steady at small fraction above 81, until after
OcfOcE, Wnen III prOK0 TO CI. DuG rallleQ ana
slosed with net advance of ]. Pacific Mail is
up g. and Missouri, Kansas & Texas /. Texas
81 Pacific is unchanged. Missouri Pacific
shows a gain of ). The North
ern Paciics were strong without making
any material advances while Oregon Navigation
Is up Il. and Oregon & TranscontinenJai is
down !. The advance in New York Central
here. and of Pennsylvania in Philadelphia, give
rise to rumor that new developments were
being made in trunk affairs, but nothing more
was Tn
night with those of week ago, everything is
higher, the gains ranging from fractional
amounts to over per cent. Lackawanna is up
A; Jersey Central, 4s; Erie. 81; Reading. 81;
Manitoba S. and North western, each 3.
The market closed with the following prices
hid