The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-09-28
CONDITION OF THE MARKETS
j Strong Feeling in Wheat, Based on
the Warlike Tone of Cable News.
Moderate Trading and no Special Features in
Corn-ProvisiOns Quiet and Heavy, and
Without Notable Change.
MONEY. BONDS AND STOCKS.
Ehe Railroad Bond Market-A Steady Ad-
vance In Stocks.

xhe Railroad Bond Market-A Steady Ad-
vance In Stocks.
New YORK, Sept 26.-Money on call was easy
1t 1011 per cent.
Prime mercantile paper, 405 per cent.
Foreign exchange was quiet and unchanged.
The total stock sales of stocks to-day were
pa. 704 shares, including the following: Della
ware, Lackawanna & Western, 16, 700; Erie
1920; Kansas g. Texas, 5,325; Lake Shore,
5000; Louisville & Nashville, $780, North
western, 1O,630; New York Central, 10000;
Pacific Mail, Il s75 ST. Paul. So. l25; Texas Pa
cifc, Alto; Union Pacific, "a, 525; Oregon q
Transcontinental, 5,430.
Government bonds were dull and strong
State bonds were steady and strong.
The railroad bond market was rather quiet for
everything except Erie seconds, but the business
was we'll distributed. The total sales were
1878, 600, Erie seconds contributing 1872 1000
Prices were generally higher, but the gains are,
In most cases, only fractional
St Paul occupied the center of interest On
the Stock Exchange to-day. Stimulating
orders in the early dealings resulted in
IN advance of from 784 to 79s.
which it reached a little before 2 P. NJ. The ad
vance slow and with only slight reaction.
had been declared on the common stock was
followed by another, to the effect that the
directors had authorized tho issue of S., 100000
additional preferred stock, which was to be
offered to the stockholders of record at par, but
it was not until after the close of the board
that the street was fully informed in
regard to the matter. After the frst announce
ment of the dividend there was a rapid decline
from 79s to 49, During the remainder of the
day the stock was firm at 49,, until just at the
close, when A. 600 shares were sold at 1885, there
was a break with 1000 shares sold at 78s. at
which it closed, a decline from the highest price
of the day of II per cent The preferred sold
yesterday at 49,, and closed at liz. Following
the announcement of the proposed issue of new
stock, it broke to-day at Ill, but closed at
112 with sales of o. 600 shares; the total sales
were 244. 800 shares Only one other stock was
opened shade higher but it was dull and COM
paratively steady at a fraction below so until
after o'clock, when it developed remarkable
activity and finally closed at the lowest
price of the day. with net loss of L. The rest
Of the list was very dull, except the strength
developed in Pacific Mail, which gained l per
cent, and loss of / per cent in Northern
Pacific preferred The other changes are for
small fractions. Comparing prices this evening
with those of week ago. nearly
everything on the list is lower,
out the declines are not very important. c., B.
& Q. is down %; Union Pacific, %; Omaha com
mon, 2; and others small amounts. except Pacific
Mail, which shows gain of /. The total sales
for the week we're 1850 OBS shares. of which
nearly 30 per cent. was contributed by Lake
Shore, Lackawapna and Western Union.
The market closed with the following prices
bid: