The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-10-05
CONDITION OF THE MARKETS,
Easier Feeling in Wheat, Caused by a
Rumored Increase of Grainin Sight.
Heavy offerings Result in Slight Decline in
Prices-Corn Firm and the Changes In
Standardization Lower.
MONEY, BONDS AND STOCKS.
Unusual Activity in Railway Bonds-Stocks
Irregular but Strong.

Unusual Activity in Railway Bonds-stocks
Irregular but Strong.
NEW YORK, Sept 3-Money on call was easy
9 I913 per cent.
Prime mercantile paper, 405 per cent
Foreign exchange was dull and unchanged.
The total stock sales to-day were 1852
shares, including the following Delaware,
LackawaEna & Western. 66,689; Erie, Is, 100;
Kansas g Texas, 3,s15; Lake Shore, 34,215;
Louisville g Nashville, $685. Northwestern
A,772; New Jersey Central, $780, New York
Central, 1910, Pacific Mail. 55,210; St Paul.
1850; st. Paul & Omaha, $780, Union Pacific
II, 100; Western Union, 1460O
Government bonds steady and dull
State bonds were active and strong.
Unusual activity was shown in several of the
railroad shares, including the sale of 1890 600
Nickel plate frsts, which show an advance of
"a; $265, 900 West Shore trust receipts, which
closed shade higher, and over 100000 Chesa
peake& Ohio, series and B, coupon, which show
loss of per cent Erie second cnosols con-
tinued active and strong. The total sales aggre
gated 81, 333, 900 shares, durnog which the price
rose I. The remainder OF tie list was dull, with
sales of only $3.50. 900.
To-day's stock market has been fully as nue.
o surprise as that of yesterday being somewhat
irregular in the morning, followed by very
decided strength that continued throughout the
day. The reactions were all unimportant, and
the market closed at very near the highest fig
ures reached, and for the active list from l to
over 2 per cent. higher than last evening 1t is
thought a considerable amount of stock was sold
short yesterday. under the impression that
such enspenslca rs that OF Heath e. Co. would
lead to weak market for some time to come.
There were good many rumors of other troubles
and defalcations on the street during the day,
but none of them proved to be true. The name
of Spencer, Trask & Co. was connected with
story of heavy defalcation, which led the firm
to make the following announcements
I'm view of some sensational reports which,
we are informed, are being circulated as to the
relations of our firm with Clason Graham, we
beg leave to say that in the ordinary course of
deliverable yesterday, and failing to pay the
same promptly, we took measures to collect the
Indebtedness and have secured the money"
The grangers Lackawanna and Delaware g.
Hudson were most prominent for the advances
made, each of the last two making a net gain of
q. while Northwestern is up 2 and st. Paul Il;
Western Union, Pacific Mail and Union Pacific
each gained per cent, Louisville & Nashville
Il. Denver g. Rio Grande L., and almost every
thing else on the list from to per cent; Mich
igan Central was an exception by losing Il
Comparing prices this evening with those of a
week ago, it appears that great portion of the
advance was made to-day. Pacific Mail is up
81; Northwestern, 81; Lackawanna, 81; Chicago,
Burlington e Quincy, 81; Omaha common, "a
Western Union n, and others less than per
cent. The total sales for the week were 1865
400 shares
The market closed with the followin prices