The Indianapolis journal., 1885-10-11
CONDITION OF THE MARKETS.
The Government Crop Report Causes a
Marked Decline in Prices of Wheat,
Although, as Compared with One Week Ago,
Prices Are Two Gents Higher-ProVis-
ions Quiet, bat Easier.
MONEY. BONDS AND STOCKS.

Continued Activity in Railway Bonds-A
Very Large Business in Stocks.
NEW YORK, Oct. l0.-Money on call was easy
kt 102 per cent
Prime mercantile paper, 4d5 per cent
Foreign exchange was dull and unchanged.
The total stock sales to-day were 421254
shares, including the following: Canadian
Southern, $780, Central Pacific, $780,
Delaware, Lackawanna & Western. 28S3S;
Erie, 81, ,255; Kansas & Texas, 13 325; Lake Shore,
u, 135; Louisville & Nashville 1905; Michigan
Central 5720; Northwestern, q, 800; New York
Central, s,067; Pacific Mail, Ia, 100; st. Paul,
28, S55; Texas Pacific, 14,42s; Union Pacific, 26,-
655; Western Union, 4, 754; Oregon & Transcon-
Sinental, 16,36S.
Government bonds were dull and strong
State bonds were quiet but strong.
The railway bond market continues very act
i've and strong. In addition to the old specu-
lative issues, in some of which the
transactions were large, there was a good
demand for the bonds that are at
present non-dividend paying, but give
good promise for the future The total sales
were So, 467, 600. the Erie seconds contributing
1888, 900; Texas Pacific, 1851. 900: West Shore
trust receipts. $203 900; East Tennessee issues,
$l62, 600; Missouri, Kansas 81 Texas, $l29, 600,
and Ohio Southern $4,000.
There was again unusually large business
In stocks the total sales being 42l, ,214 shares,
and the business was unusually we'll
distributed, the total transactions in no single
stock exceeding 80, 600 shares except Western
made. especially late in the day. By 2 o'clock
1t mad risen to 73s, in the last hour, very
active business, rose to and closed at
70; 5000 shares changed hands at that
price. In the final dealings there was net gain
of "a per cent, with sales of AZ $50 shares. The
general list was somewhat irregular and at times
feverish for some of the active stocks, but the
net result of the days operations was gain of
from to per cent. Manhattan Consolidated
rose q per cent; Minnesota 81 St. Louis common.
%, and the preferred 81; Michigan Central, 81
per cent. Of the grangers, Northwestern devel
oped the greatest strength gaining II, and sell
ing up to 104a. ST Paul is II higher, and Oma-
n 5a common :: Tn The sta statement st Of the St;
October shows an increase of $685.
600 in gross earnings, as compared
with the same week last year. Lackawanna
was only moderately active, but gained s per
cent. Delaware & Hudson gained II, Canada
Southern sprung into sudden activity in the af
ternoon, iuctuatng considerably, and closing
with net advance of 3 per cent.
The weak stocks were Reading, which
which lost heavily @ most of @ the day s0 and on mod o
crate business closed with decline of !; Mani
tobia is off 5; Missouri, Kansas & Texas, and
Texas q Pacific each losr !; Missouri Pacific
and Oregon Transcontinental, each !. The
market closed somewhat irregular but generally
frm.
The week, which'closed this evening, has been
the most active of theyea the total sales amount
Ing to 2,440.581 shares. Prices, as compared
with last Saturday. are from l to 10 per
cent. higher Minneapolis & St. Louis preferred
showing a gain of l04 Manhattan Consolidated,
D. Delaware & Hudson. u: Lackawanna. 6s; Ore
eon Navigation, 81; Western Union and Mime
apo1s g. ST. Louis common. 5 each; St. Paul,
81; Oregon Central and Omaha common, B.
The market closed with the following prices
hid. e.- s q - :. y ~ - - -