The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-10-12
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 Cents Higher-PrOvis-
ions Quiet, bat Easier.
MONEY. BONDS AND STOCKS.

Continued Activity in Railway Bonds-A
Very Large Business in Stocks
NEW YORK, Oct 10.-Money on call was easy
ut 102 per cent
Prime mercantile paper. 405 per cent.
Foreign exchange was dull and unchanged.
The total stock sales to-day were 421. 254
shares, including the following: Canadian
Southern, 1850; Central Pacific, $50;
Delaware, Lackawanna & Western. rs, 1913;
Erie, 81 ,255; Kansas & Texas, H. 1885, Lake Shore,
n, 1885, Louisville & Nashville, 1905; Michigan
Central, $780, Northwestern, $780, New York
Central, S,067; Pacific Mail IA, 700; st. Paul,
1856; Texas Pacific, IA, 428; Union Pacific, &c,
655; Western Union, A, 754; Oregon & Transcon-
hnental, 1888
Government bonds were dull and strong.
State bonds were quiet but strong.
The railway bond market continues very act
we and strong In addition to the old specu-
iative issues, in some of which the
transactions were large, there was 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, coo, the Erie seconds contributing
1888, 900; Texas Pacific, 1861. 000 West Shore
trust receipts, 5000, 900; East Tennessee issues,
1852, 900; Missouri, Kansas & Texas, $l29, 600,
and Ohio Southern. $117000
There was again an unusually large business
in stocks, the total sales being 421, PA shares,
and the business was unusually well
distributed, the total transactions in single
stock exceeding 30, 900 shares, except Western
Union, which was prominent for the advance
made, especially late in the day. BY 2 o'clock
It mad risen to 73s in the last hour, on a very
active business, rose to and closed at
IS; 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
feversh for some of the active stocks, but the
net result of the days operations was a gain Of
from to per cent. Manhattan Consolidated
rose q per cent; Minnesota & st. Louis common
"a, and the preferred 3D. Michigan Central, 81
per cent Of the grangers Northwestern devel-
ing up to 104a. St. Paul is II higher, and Oms-
ha common 5. The statement of the ST.
Paul company for the first week Of
October shows an increase of $685.
GOO in gross earnings, as compared
vita the same week last year. Lackawanna
was only moderately active, but gained ] per
cent. Delaware & Hudson gained II, Canada
Southern sprung into sudden activity in the af
ternoon, fuctuating considerably and closing
with net advance of 3 per cent
lost per cent, and Pacific Mail,
which lost heavily most of the day, and on mod
crate business closed with a decline of ]; Mani
toba is off {; Missouri, Kansas 6 Texas, and
Texas & Pacific each lost !; Missouri Pacific
and Oregon Transcontinental, each J. The
market closed somewhat irregular but generally
firm.
The week, which,closed this evening, has been
the most active of the year the total sales amount
ing to 2,440.581 shares. Prices. as compared
with last Saturday, are from l to over 10 per
cent. higher, Minneapolis & ST. Louis preferred
showing gain of 104; Manhattan Consolidated
3; Delaware 81 Hudson, u; Lackawanna. g. Ore
CON Navigation, ST; Western Union and Mime
apolls 81 ST. Louis common, each; st. Paul,
%; Oregon Central and Omaha common, 3.
The market closed with the following prices
bid: