The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-11-01
CONDITION OF THE MARKETS.
Wheat Active at Times, but as a Whole
the Market Dragged Considerably.
A Firm Closing, Notwithstanding the Ru:
mored Action of the Minneapolis Millers
A Moderate Business in Corn.
MONEY, BONDS AND STOCKS.

n BONDS \ STOCKS.
Continued Activity in Railway Bonds-The
Business of the Month In Stocks.
NEW YORK, Oct. 3I-Monev on call was
easy at per cent
Prime mercantile paper, 405 per cent.
Foreign exchange was dull and unchanged.
The total sales of stocks to-day were $50, 1893
shares, including the following: Canada
Southern, $500; c., st. L. 81 T. pre-
ferred, $500; Delaware, Lackawanna q
Western, 80, $40: Delaware & Hudson, 1,436;
Erie, AZ. 020; Kansas & Texas, 13, 295; Lake
Shore. SO, 289: Louisville s. Nashville, Is, 1850;
Missouri Pacific, ITO; Northwestern, "a, 700;
New Jersey Central, $3.50; New York Central,
25, 090; Northern Pacific, 5,978; Pacific Mail,
$3.50; Reading, 20,950; st. Paul, 39,89s; Texas
Pacific, 10, 100; Union Pacific, IS, 035; Western
Union. GO, 800; Northern Pacific preferred, &c.
6I0; Oregon and Transcontinental 19, 1886.
Government bonds were dull and strong.
State bonds were Irregular.
Railroad bonds continue active, with a very
good demand for the investment issues. The
total sales to-day were 1878, 900, including
81 1872, 900 Erie second consols. There was some
trading in the Wabash issues, and quotations
were steady for all except the Cairo division
fves, which are up 4d@5a. Acting upon the
suggestion of the London committee, the pur-
chasing committee here have decided to extend
the time during which bonds may be
deposited to Nov. 16. The sales of railroad
bonds for the current week were $23, 900. 600,
and for the month closing to-day, over $780,
DOC, 900, against less than $50, 000, 900 for Sep
TENDER. There has been, throughout the month,
an almost continuous but slow advance in the
price of the so-called gilt edged" investment
bonds, and a more rapid advance, accompanied
by occasional reactions, but resulting in very
material net gains, in some of the more special
active issues.
Comparing the closing prices this evening
with those of yesterday the stock market today
has shown decided strength, but it is seldom that
an upward movement has been accompanied
by an equal amount of irregularity and
feverishness. There was a strong opening, the
first prices in most cases showing a gain of ] al,
and in some instances the opening prices were
the lowest of the day, while in others there was
n fractional decline. The lowest prices in
some cases were reached in the early dealings,
while other stocks were dull and heavy until
midday. In one or two cases, also, the lowest
prices were made in the closings. In the last
hour great irregularity prevailed. and during the
latter part of the hour very decided weakness in
the stocks which had exhibited the greatest
strength. The declines in the last fifteen min
ubS0t III SOIl6 CdS6S, dLuOQutcu L " q "a per CCuL
The result of the days operations, however, is
an advance for almoste everything on the list, and
o majority of the active stocks are over l per
cent. higher than last evening. Taking nine of
the most active stocks, there is a net average
gain of a little over per cent, the greatest ad-
vance and the largest business being in Lake
Shore, the sales of which were SO, 300 shares, in
which the net gain is q per cent. Western
Union contributed 60, 800, Erie $4,000, and
ST. Paul 80, 900 shares. Erie gained only {, while
Western Union advanced Il, and Lackawanna
II per cent. Reading was the only stock whose
sales exceeded 20, 900 shares that shows a loss
4 per cent.-and that was made late in the day,
when there was a quick break from 22aa to 224a, at
which the stock closed. One of the features of
the day was the decided advance in the Wander
bilts. Lake Shore gained q, as stated, and New
York Central Il. The Gould stocks were also
noticeable for the gains made, as well as the re-
newed activity.
The dealings in the Northern Pacifcs and
their associates attracted much attention. Ore
gon Navigation, in the last hour, sold as high as
1907, par being the price at which the option was
given by the Oregon Transcontinental, which
expired to-day. Northern Pacific common rose
and preferred ] per cent. At the Farmers
Loan and Trust Company this evening, it was
stated that most of the Northern Pacifcs, both
common and preferred, have been called. while
advantage was taken of the option on very little of
the Oregon Railway and Navigation. Oregon
Transcontinental gained !. Activity in the
low-priced stocks was a feature. Chicago, St.
Louis 81 Pittsburg conmon is up e, and the
preferred :. Comparing prices this evening with
those of a week ago, almost everything in the
active list is higher. The gains range between
small fractions and II per cent, the latter in
Western Union. st. Paul is up 4; Missouri Pa
eifc and Oregon and Transcontlnental each,
81; Lackawanna, q; Northwestern. q, and 9TH
ers less than ] per cent.
The sales of the week were 2,477, 800 shares,
against 1896, 700 shares last week. The total
transactions for the month amounted to IL, 500,
600 shares. the highest business for any month
this year. There is hardly a stock on the list
that does not show material advances. Lacka-
wanna shows a net advance of 1S4; Delaware &
Hudson 13s; St Paul, 12s; Northwestern, liz;
Western Union. III; Lake Shore, 81; Oregon &
Transcontinental II; Northern Pacific preferred,
n; New Jersey Central. s.; Canada Southern,
81; New York Central, s.; Union Pacific, 81; Pa
cifc Mail, 81; Erie, s., and others smaller
amounts.
The market closed with the following prices
bid:
Three per cent. bonds. 1035 s MISUNDERSTANDING 457e
United States 4los. 1l3se L., N. A. Co.. 81
United States new as. 1884 Mar. u Gin lists pref 80.
Pacific IS of '95. /. 1854 Mar. & Gin. seconds. 80.
Central Pacific frsts 1I3 Mem. e. Charleston. IS
Erie seconds. .-.-.... S55sfMichigan Central -. isis
T@hieh q Wilksbarre. 103 Minn. &. ST. Louis 81 Ia