The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-09-24
EXCITING DAY ON CHANGE.
Large Buying OF Wheat Causes a Very
Nervous and Unsettled Feeling.
Fine Earht Opens with Sharp Advance,
but Heavy offerings Cause Decline
Provisions Weak and Lower.
MONEY, BONDS AND STOCKS.

n
Further Advance in Leading Stocks.
New YORK, Sept 23.-Money on call was easy
at lG2 per cent, closing at II.
Prime mercantile paper, 405 per cent.
Foreign exchange was active, and prices ad-
vanced to 81 S3s for sixty days and 81 85s for de-
demand
The total sales of stocks to-day were 235, 1913
shares, including the following: Delaware, Lack
awaGna s. Western, &c, O0G; Erie, IL, 425; Kansas
q Texas 1880; Lake Shore, 40, 76s; Louisville &
Nashville, 5000; Northwestern 1900; New Jer-
sey Central, 3, 100; New York Central 1880;
Pacific Mall 1925; St Paul, "a, AS; Texas Pa
si6c $500; Union Pacific, 4,130; Western
Union, $780, Northern Pacific preferred, 4,545;
Oregon Transcontinental, 4.025.
Government bonds were little more active
and prices steady.
There were few sales of State bonds, and
prices were steady.
The total sales Of railway bonds to-day were
%, 857 900. but the Erie second consols contrib
utsd Of this sum $l,7l6,0oO. leaving ST. AZ, 0oo
Tor the remainder of the list. the business in
which was well distributed. The closing prices
show irregular changes, and in many cases for
There was good deal of trouble and uncer-
tainty on Wall street, this morning, as to just
how much the railroad presidents had accom-
plished at their meeting yesterday. The pub
Gshed statements were somewhat conflicting,
and they also differed more or less from pri-
vate statements made last night and this
morning by members of the meeting. Opening
prices were from TO higher than yesterdays
closing, and in the early dealings there was a
further advance in the leading shares, especially
New York Central, which opened per cent
higher, and rose from the opening quotation.
The advance was lost however, and was followed
by quick reaction, and subsequent feverish-
ness. The activity that accompanied the first
transactions subsidized ALSO and the market be-
came istless. At midday the active stocks were
generally about l per cent lower than the high
est of the forenoon, although St Paul and Union
Pacific had yielded only per cent. Of each. and
Northwestern per cent. fractional rally in
the afternoon was followed by renewed
weakness, and the lowest prices of
the day we're generally made about
o'clock, being, however, only fractionally lower
than Mondays quotations. In the last hour the
market was very dull and strong, and closed firm
1T irregular prices. AS compared with last even
ing, the coal stocks barely held their own.
Among grangers Northwestern is unchanged.
and St Paul is up ], the latter with sales of only
"a $50 shares The largest business in
Lake Shore, which sold early at 72ss. In the af-
ternoon it was more quiet. at III, and closed at
72, net gain of J. New York Central was very
quiet at the opening, and weak at the closing
which was above the lowest figure, with a net
advance of only per cent. The weakest stock
was Western Union. which suffered from rumors
Of q contemplated immediate reduction in rates
The sales to-day were $4,000 shares more than
yesterday.
The market closed with the following prices
hid.