The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-10-22

mONEEs IsssNDS AND SIOChS.
Great Activity In Railway Bonds-Advances
In Western Railway Stocks.
NEW YORK, Oct. 2l.-Money call was
easy at II g per cent, closing at e
Prime mercantile paper, 405 per cent.
Foreign exchange was dull at g. S3a for sixty
days, and 81. $50 for demand.
The total sales of stocks to-day were 718, $50
Bhares including the following: Canada South
ern, $3.50; Delaware, Lackawanna & Western,
45, 235; Kansas & Texas, Is, 7S0; Lake Shore,
65, $50; Erie, As, LIS; Louisville & Nashville,
S.4s5; Northwestern, $780, New Jersey Central,
1900; New York Central, $1,000; Northern
Pacific Is, 100; Northern Pacific preferred 49,,
1852; Pacific Mail, l7,945; Reading, 161, 0l0 st.
Paul, sc, 42O; Texas Pacific, 13, 40; Union Pa
sifc, 81 ,295; Western Union, SO. $780, Oregon 8
Transcontinental, q, 236.
Government bonds were dull and strong.
State bonds fairly active and irregular.
The railway bond market continues extremely
active. The transactions amounted to SIS, ALL 900.
Erie second consols contributed over 40 per cent.
OF this business, the sales aggregating So, 241,
600 There was an active business in Atlantic
& Pacific incomes, most of the transactions be-
ing made at little above % The remainder of
the business, amounting to over 81 500 000 was
we'll distributed Denver South Park & Pacific
drsts show gain of 5; Houston q Texas Central
general skies, per cent.
The feature of to-days stock market has been
the enormous trading in Philadelphia & Read
ing, accompanied by an advance of over 3 per
cent. Perhaps never before III the history of the
Stock Exchange were the dealings in single
Reading to-day, the transactions footing
up 161. 900 shares For a long time past
the sales of this stock, from day to day, would
not average 200 shares, and frequently it was
entirely neglected. 1t, however. sprang into
activity few days ago, and since then has been
among the most active on the board. This
morning the statement was circulated that the
advance was due to an understanding that had
been reached between Mr.. Vanderbilt and Pres
fdent Roberts, whereby the stock was to be pro-
rected, and the company was to be reorganized
by scaling do wn the debt of $50, 000, 600, while
the stock was to be assessed 20 per cent No
one was found who was willing to vouch openly
for the truthfulness of the statement, but it was
not difficult to find those who claimed to have
inside information, and who were willing to state
confidently that they believed the statement
The stock opened 1shigher, and advanced quickly
to 20 There was then a more gradual decline
to 23s, and it remained comparatively steady be-
tween "a and 25 until the afternoon, when it
yielded to %, and advanced to 253, closing with
a net gain of 81 per cent. Comparing prices with
the closngs twentyfo four hours since. the prices
are remarkably irregular. Inc sales or Lake
Shore, st. Paul. Lackawanna and Erie amounted
TO $4,000 shares. making with Reading, over
so per cent. of the days business.
The story which was started yesterday that
some kind of an alliance or closer working oper-
alton was to be effected between the Vanderbilt
roads, including Lake Shore, c., c. @. 6 1. and
other Western connections, was revived again
this morning, and was the lever by which Alton
& T. H., common. was advanced from 80 at the
opening and 374 at the last previous
sale, to 81, closing at AZ, with sales of
400 shares; the preferred at the same
time advanced from &C. lit was quoted last even
ing at so bid and 81 asked, without any sales) to
81, closing at so. c., c., c. & l.. which made
such a decided gain yesterday opened up L
this morning, at Gil, and advanced to 60, but
closed at $50, an advance of So. Lake Shore is
up II, New York Central was heavy all day,
closing with net loss of g. Canada Pacific
made decided advance, selling up II, out clos
Ing II lower. The erangers were heavier, es-
pecially in the afternoon, and rallied at the Close
Manitoba is up per cent Omaha common
shows gain of only !. but the preferred is UP
i. Pacific Mail developed very decided strength
than yesterday. The company declared the
al quarterly dividend OF Il per cent to-day, pay
able Nov. 2 Oregon Navigation was very strong
The earnings of the company for the second
week in October show a gain of $40, 400. Illinois
Central earnings for the second week of October,
increased 1924, 351.
The market closed with the following prices
bid: