The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-10-25
CONDITION OF THE MARKETS
Wheat Closes at the Lowest Prices Cur
rent During the Month of October,
And the Leading Options Are More than Five
Cents Lower than One Week Ago-In-
creased Weakness in Provisions.
HONEY, BONDS AND STOCKS.

SenoA ATaueaCthouS In hallway bO00S-
Stocks Active and Strong.
NEW YORK, Oct. 4-Money on call was
easy at II 03 per cent.
Prime mercantile paper, 405 per cent
Foreign exchange was quiet at g. 49, for sixty
days. and "a .s54 for demand.
The total sales of stocks to-day were 457, 327
shares, including the following: Delaware, Lack
awanna & Western, 16, 965; Erie, AZ, 2G0; Kansas
81 Texas, 8,075; Lake Shore. As. 44s; Northwest
ern, l4,268; New York Central, 1885; Ohio
Central, 16. 600; Peoria, Decatur s. Evansville,
1880; Reading. Is. 16O; St. Paul, 8 1000; Texas
Pacific, $500; Union Pacific, 26,62O; Western
Union, 20, 26O; Northern Pacific preferred, 49,
1888; Oregon e. Transcontinental, I5,Ah
Government bonds were dull and strong.
State bonds were active and firm.
The feature of today's active railway bond
market was the enormous trading, essyrciailv
during the forenoon, in Erie second ~consols:
they opened : per cent. higher, at 82!!, advanced
to 843a, but yielded in the afternoon to 1885,, and
closed / higher, with a net gain of "a per cent,
and with sales of So, 969, 900. This was the last
day for registering the bonds for voting
to-day, except those purchased for cash, are not
deliverable until Monday. it does not appear that
the speculation and the strength were the out
growth of a desire to use the bonds for such
purposes. The rest of the list was quite active,
especially in the afternoon. The total sales of
ali bonds amounted to S., O5I. 900. The total sales
of bonds for the week were 500, 342, 600, the larg-
est amount for one week in years.
The stock market was decidedly active and
strong during the forenoon. but became more
quiet and at first steady, and later weak, and so
continued. The trading amounted to 40, SIT
shares. The sales of st. Paul, Lake Shore and
Erie, amounted to over 30 per cent. Of the days
business. the transactions ranging between 3d.
200 and 43, 260 shares. There was unusual activ-
fty in some OF the low priced securities, notably
IN Ohio Central, the sales of which were 16, 600
shares. Peoria, Decatur & Evansville attracted
the unexpected attention, and advanced from
18a to 205. First prices this morning were gen
orally A0a per cent. higher than the close yes
terday, aud, without any material reaction, there
was a steady upward movement, which cul-
minated between noon and / o'clock. resulting in
advances Of a@14 per cent. Lake Shore and st
Paul made the latter gain; Erie advanced ls;
II, and Northwestern, Union Pacific. and
Reading. each. l. The exceptional
gains were in Delaware and Hudson 81, and
New York and New England q per cent. The
market then remained comparatively steady
Until toward 2 o'clock. when it yielded a fraction,
and in the last hour developed considerable
weakness. In some cases the previous advances
were lost, and fractions in addition. Western
Union and New York Central closed with a net
decline, as compared with yesterday, of !; Can
ada Southern, ]; Central of New Jersey.
J; Reading, !; Louisville 6 Nashville, II, and
Pacific Mail, 1. St Paul is up Ii; Oregon Rail
way g Navigation, Il, and Delaware 6 Hudson,
IL. The market closed irregular but weak. Ore
gon & Transcontinenta and Oregon Navigation
were exceptions to the general rule, developing
decided strength late in the day. but closing
with a decline from the highest prices.
The result of this weeks operations, compar-
ing prices now with those Of a week ago, shows
smaller advances than the activity and strength
that prevailed during most of the time led per-
sons generally to believe. There are
exceptional gains for large amount. Oregon
Navigation advanced 5 per cent, Norfolk &
Western a. but most Of the active list is less
than 2 per cent higher. Lake Shore, however.
is up "a, and Northern Pacific preferred q.
Louisville & Nashville is down q, and Missouri
Pacific and Texas Pacific. and some. others, show
declines of small fractions. The business was
the largest known on the Exchange for several
years, the sales aggregating 5000. $50 shares.
The market closed with the following prices
bid:
Three per cent bonds I031oiLouisville & Nashville 453e