The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-10-09
BULL MOVEMENT In WHEAT.
The Most Marked Advance in Prices
Witnessed Since the Afghan Scare.
The Corn Market Quiet but Very Firm-Pro-
visions Stronger, with Slight Ad-
vance in Pork and Lard.
MONEY. BONDS AND STOCKS.

Very Large Business in Railway Bonds
Great Activity in the Stock Market.
NEW YORK, Oct. 8.-Money on call was easy
Mt II a2a per cent.
Prime mercantile paper 405 per cent
Foreign exchange was dull at 81 83a for sixty
days. and S. S54 for demand.
The total stock sales to-day were 453 446
shares including the following Delaware,
Lackawanna & Western, Ga, DAB; Erie, $685.
Kansas & Texas, 1880; Lake Shore, 46. 4O5
Louisville & Nashville, 900; Missouri Pacific.
oslo; Northwestern 25, 1874; New Jersey Cen
trail, 1925; New York Central, ID, 026; Northern
Pacific $780, Pacific Mail, Ii ,440; Reading 4,9OO
ct Paul, Al 952; ST. Paul & Omaha, 8, 360; Texas
Pacific, Ia, 255; Union Pacific, 24,050; Western
Union, 9,175; Northern Pacific preferred $780,
Oregon q Transcontinental, 1926
Government bonds were steady and dull
State bonds were active and strong
The total sales of railway bonds were 81, 449.-
600, larger business than on any preceding day
Tor the past two months. Erie seconds con-
tributed 81, a24 600; Texas & Pacific issues, $l63
600, and East Tennessee, Virginia & Georgia
Issues 1896, 600. There was very good bust
ness in many other Of the favorite issues The
trading in Erie second consols in the morning
was conducted amid great excitement, differ
ence of as much as 2 per cent in the price exist
ing at one time in different parts of the crowd.
Under this excitement 500, 900 sold at "a, the
highest price of the day. After the market
opened at Y, it broke in the forenoon to 71s,
rallied to 73s, yielded to r. and closed at 72I.
The stock market was unusually active, and,
FOR time, very strong but during the last two
nours the earlier advances were principally lost,
In some cases all The opening prices were
from TO per cent higher than the final
figures last evening. St Paul showed the
greatest advance and in the earliest dealings there
was further upward movement, followed by
moderate reaction, and then a strong market.
The gains by o'clock were generally only frac-
tional and during the remainder of the afternoon
there was slow yielding of tho market, which
Slosed feverish irregular and heavy.
The total sales were 456,452 shares, ar
increase over yesterday of Sc, 600 shares, Lack
awanna. Lake Shore, Oregon & Transconti-
mental, and st. Paul contributing 1874, 500 shares
Lackawanna led in point of activity, as we'll as
IN the advance made. closing with an advance of
! per cent. Oregon Navigation is up Z also
The notable declines are in Pacific Mail, which
10 down on limited business; Central of New
Jersey, II, and Reading, s; Louisville & Nash
Vile is unchanged.
The "street" is abundantly supplied with dis
patches from prominent. director of the St.
Paul Company, in Chicago, all going to
show that the stock wonderfully
cheap at present quotations, and that
eAo OuGoon L0l Ubc plOpcIty was tuoSI HiJIeTlue
The highest price for the stock for the day was
] per cent. higher than yesterday, but it lost
per cent. of the advance later The upward
movement recently started in Oregon Navigation
and Oregon 81 Transcontinental was continued
the former selling up to S6s Il per cent of which
was subsequently lost. The gross earnings of
the company for September, as reported
amounted to Il per cent on the capital stock.
Application has been made for the listing Of
$22 GIL 900 additional first mortgage bonds of the
Mexican Central Railway Company. The Pensa-
cola & Atlantic Railway Company asks that it's
1000. 00O first mortgage per cent bonds be
listed.
The market closed with the following pris es
bid: