The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-10-21
CONDITION OF THE MARKETS
Wheat Excited, Unsettled and Feverish,
with Many Wild Fluctuations.
The General Tendency, However, Was Toward
Lower Prices-Corn Active but Lower
Provisions in Fair Demand.
MONEY. BONDS AND STOCKS.

Continued Activity, Not Only in Railway
Bonds, but Also In the Stock Market.
NEW YORK, Oct. 20-Monev on call was
easy at IL 02 per cent
Prime mercantile paper, 405 per cent
Foreign exchange was active at unchanged
prices
The total sales of stocks to-day were 632, 715
shares, including the following Canada South
ern, s, $50; Delaware, Lackawanna g. Western,
1861; Erie, sc, sos; Kansas & Texas, 1880;
Lake Shore, g. 100; Louisville s. Nashville, 500;
Missouri Pacific 360O Northwestern, 26, 799;
New Jersey Central, $780, New York Central,
25y5OO Northern Pacific preferred, 36,828; Pa
cifc Mail 81. $40; st. Paul, 40, no; Texas Pacific
1882 Union Pacific, $780, Western Union,
Is. AGO. Oregon & Transcontinental, 22.086
Government bonds were dull and steady.
State bonds were active and about steady.
The activity in the railway bond market con-
tinues. the sales to-day being 81, OLA. 600. Deal
ings in Erie second consols amounted to 5000 900,
md in the Atlantic issues to over 100000. The
rest of the list was dull
The stock market to-day was again very
active, but the sales were 100000 shares less
than yesterday. The total sales to day amounted
to 632 700 shares, of which four stocks. Reading,
Lake Shore Lackawanna and St Paul, con-
tributed $50, 500 shares. Six others, Northern
Pacific preferred, Erie, Pacific Mail Missouri,
Kansas 81 Texas Northwestern and New York
Central, furnished 1875. 300 shares more Prices
opened strong this morning. and during the first
hour the business was very active, with further
fractional advances from the opening fig
ures in some cases, but the market
was decidedly irregular and feyerish, and then
weak The lowest prices of the day generally
were made at or near III o'clock With two or
three exceptions, they WERE however, only frac-
tionally lower than the opening. During the
middle of the day the market was somewhat less
active, with only moderate movements until in
fhe last hour, when the market again became
Rctiye, and later strong, generally recovering
the early declines. The highest prices of the day
wefs reached at or near the close. The market
closed active and excited, but somewhat feverish
esd irregular. Almost everything on the
1T, however is higher than last evening
a,. hs gains range from to nearly per cent.
With exceptional cases of still greater advances.
The gales of Reading to-day were the largest on
tise list SO, 900 shares-with net gain of Il per
cert Great activity and strength was devel-
oped 10 Pacific Mail in the forenoon, then quiet
prevailed, and the stock closed steady at net
gain of II per cent. 1t is understood that the
directors will declare the usual quarterly divi
dend Of Il per cent tomorrow. Lake Shore
closed with gain of IL Among the
grangers, Northwestern shows an advance of i:
81 Paul per cent. The Omahas were heavy,
The preferred showing loss Of l per cent,
and the common is up per cent.
Among the exceptional advances Oregon Navi-
gaaon closed with gain of q, and c., c., G. &
/ of IT. 1t is reported that closer alliance is
TO be established between this company, the
Lake Shore, New York Central and other Van
derbilt lines. The railroad earnings reported to-
day for the second week of October generally
make favorable showing, the exceptions being
Louisville & Nashville, with a loss of $22 200.
and Chicago q Alton, with loss of $40 73l
Canadian Pacific gained $l46,000, and Denver &
Rio Grande So 000
The market closed with the following prices
bid: