The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-10-04
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
ignificant-PrOvision Lower.
MONEY. BONDS AND STOCKS.

Unusual Activity in Railway Bonds-Stocks
Irregular but Strong.
New YORK, Sept 3.-Money on call was easy
at 1013 per cent
Prime mercantile paper, 495 per cent
Foreign exchange was dull and unchanged.
The total stock sales to-day were $685. 500
shares, including the following Delaware,
Lackawanna & Western. &c, $50; Erie, Il, 100;
Kansas & Texas. 1915; Lake Shore, 34,2l5;
Louisville & Nashville, $685. Northwestern,
A,772; New Jersey Central, $780, New York
Central, 1910, Pacific Mail, 55,210; ST. Paul,
2s.5S0; ST. Paul & Omaha, $780, Union Pacific,
Il, 100; Western Union, H. 600
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
u; $685. 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, during which the price
rose +. The remainder of the list was dull, with
sales of only $780, 000
Today's stock market has been fully as much
q surprise as that of yesterday. being somewhat
irregular in the morning, followed by very
decided strengh 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 to
over 2 per cent higher than last evening 1t is
thought considerable amount of stock was sold
''short" yesterday, under the impression that
such suspension as that of Heath & Co. would
lead to a 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 announcement:
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
business he was indebted to us for securities
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 81
Hudson were most prominent for the advances
made. each of the last two making a net gain of
20, while Northwestern is up 2 and st. Paul e
Western Union, Pacific Mail and Union Pacific
each gained per cent, Louisville g. Nashville
IL. Denver q Rio Grande H. 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
week ago, it appears that great portion of the
advance was made to-day. Pacific Mail is up
81; Northwestern. 80; Lackawanna, 81; Chicago,
Burlington 81 Quincy, q; Omaha common q;
cent. The total sales for the week were $685.
400 shares
The market closed with the followin prises
bid