The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-10-20
CONDITION OF THE MARKETS
Wheat Lags at the Opening, and Con-
tinues Bearish Throughoutthe Day.
Free Selling Eventually Causes Decline of
More Than One Cent-ProvisiOns Very
Quiet and Steady.
MONEY, BONDS AND STOCKS.
Continued Activity in Railway Bonds-A Day
of Great Activity in Stocks.

Continued Activity in Railway Bonds-A Day
of Great Activity in Stocks.
NEW YORK, Oct 19.-Monev on call was
easy at II as per cent, closing at 2.
Prime mercantile paper, 405 per- cent
Foreign exchange was dull at 81 83a for sixty
days and $4 s5! for demand.
The total sales of stocks to-day were 733, 778
shares, including the following: Canada South
ern, 9,010; Central Pacific 1900; Delaware,
Lackawanna e. Western, 41,074; Delaware &
Hudson. $780, Denver & Rio Grande, $3.50;
Erie, 56,577; Kansas & Texas. $500; Lake
Shore, so $40; Louisville & Nashville, 13 900;
Missouri Pacific. 1910; Northwestern, 36,887;
New Jersey Central, All; New York Central
2,647; Northern Pacific, 9,677; Ohio & Missis-
sippi, $3.50; Ohio Central, 1875; Pacific Mall
48045; Reading, Sc, 800: st. Paul, 80 1885, ST. Paul
q Omaha, 10, S45; Texas Pacific, 80, 555; Union
Pacific AZ. 800; Wabash Pacific 1885, Western
Union, 62.20S: Northern Pacific preferred, H. 365;
Oregon & Transcontinental, 22,670.
Government bonds were dull and steady.
State bonds we're dull but firm.
The railway bond market continues extremely
active, and few of the speculative issues sym
pathiZed to some extent with the course of the
stock market. Erie second consols contributed
$1.07l, 900. The transactions in the Atlantic &
Pacifcs amounted to 81 .553. 900. closing with
gain of IL; the western division frsts closed at
net advance of 80; Central Iowa. eastern di
vision. are up Is; and the Illinois division g. The
The st. Paul d Northwestern issues were firm,
without material change. The total sales aggre-
gated So. AIS, 600.
The trading on the Stock Exchange this morn
ing was as active as has ever been seen in the
history of the Exchange The total sales for
the first thirty minutes aggregated nearly
100000 shares. and for the day they amounted
TO 733, 878 shares This is the business reported
but as is always the case with an
extremely active market the sales are
very materially below the actual amount of
business done. With the activity came also a
further decided advance in prices, which
amounted at one time to veritable boom in
nearly every active stock on the list. The mar
ket, however was somewhat irregular, and in
clined to be feverish at the opening this morn
ing. The early advances were in a measure lost
before the end of the first hour. From that
time till o'clock there a decided upward
movement resulting in gain over Saturday
evenings close of from to over 3 per cent.
Pacific Mali advanced L. The Vanderbilts,
especially Michigan Central, Union Pacific and
Northwestern, all rose over 2 per cent. Western
Union, and, in fact, all the Gould stocks. were
strong, without making such decided gains. The
advance however, ranged between | and 2
The highest prices were reached about o'clock,
and for the next hour the market was inclined
to be heavy, without any material Decline
In the last hour there was decided break
which ranged from to per cent accompanied
by great excitement and enormous transactions,
while prices were irregular feverish and weak,
IN which condition the market closed. The re-
suit of the days operations is advance in al
most every instance, the only exceptions worthy
of note being decline of in Louisville e Nash
vile and Central Pacific, which. moderate
business, is down J.. LAKE Shore and M. K. &
T. are unchanged. after an advance in the
former of {, and in the latter of per cent The
prominent feature of the market was the heavy
trading in Reading. the sales amounting to So.
600 shares the closing showing a gain of IT,
Western Union, after rising II, closed with net
gain of g. Union Pacific advanced %, and
closed up. Northwestern rose q. but closed
Il lower. It's earnings for the second week in
October show a gain of $4,000 over the same
week last year
Jay Gould returned to the city to day. He
denies the truth of the rumored projected con-
sohdation compromise with the Baltimore g
Ohio Telegraph Company
The market closed with the following prices
bid: