The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-10-16
CONDITION OF THE MARKETS.
Avery Sharp Decline in Prices of Wheat
Caused by Pressure to Sell.
Corn Slow and Easier, Though Not Lower
Provisions Open Firmer, but Finally
Close at the Figures of Wednesday.
MONEY. BONDS AND STOCKS.

galway Bonds Comparatively Quiet A
Small Business in Stocks.
New YORK, Oct. 15-Money on call easy at
4402 per cent
Prime mere an tile paper, 405 per cent.
Foreign exchange was quiet at "a. 83s for sixty
days and 81 $50 for demand.
The total sales of stocks to-day were 465, 925
shares, including the following Central Pacific,
4,315; Delaware Lackawanna Western. 30. 270
Denver & Rio Grande, $780, Erie, 43, 43O; Kan
Gas & Texas, 10. ia; Lake Shore, 49, 900; Louis
vile & Nashville, 4,625; Northwestern, Is, $50;
New York Central, 1885; Northern Pacific,
$40; Northern Pacific preferred, $50; Ohio
q Mississippi, $500; Pacific Mail, 1880; Read
fng $780, st. Paul, Sab; st. Paul & Omaha,
$500; Texas Pacific, a. $685. Union Pacific, 52,6OO
Wabash Pacific. 1895; Western Union, $780,
Oregon & Transcontnental, 1902.
Government bonds we're dull and steady.
State bonds were active and heavy
Railway bonds were comparatively quiet dur
ing the forenoon. but were active after midday,
resulting in total sales of So, 200, of which
Erie second consols contributed $747, 900 on
decline of !. The Atlantic e. Pacific, the East
Tennessee, the Denver 6 Rio Grande and the
West Shore trust receipts contributed 81, 300 0OO
leaving 81, 700, 600, to be divided among other
issues in small amounts. The Nickel-pl
hrsts are up per cent, at 81. The report was
surrent that the Lackawanna company had
sffered guarantee of per cent on the West
Shore first bonds, the object being, it is under
stood, to give the Lackawanna a direct line to
chicago. Prices are generally higher.
IO-daVS buSinpSG railrOad ctncka vuac
1000 shares less than yesterday. Nevertheless,
the market was active, and the total sales
amounted to 465, 900 shares Five leading stocks
contributed over fifty per cent of the days
business, but the remainder was well distributed.
The active stocks were ST. Paul, Western
Union, Lake Shore Erie, and Lackawanna, the
Gales ranging between 81, 400 and 35, 250 shares.
kn few instances, including Lackawanna, Del
iware IL Hudson, and Union Pacific, the opening
prices were the highest prices. Generally there
was a fractional decline from the opening prices,
which were, in majority of instances, little
above the closing prices yesterday. The advance
eliminated, however, in the first half hour, and
the market then became irregular and weak,
during the day. The lowest prices were reached
shortly before o'clock In the last hour there
was small advance, followed by weakness,
leaving the final prices generally from to per
cent. above the lowest of the day, and from to
1per cent lower than last evening. The excep-
ton was Western Union, which sold down from
75a to 73! and closed with net loss Of a per
cent. In the morning, Pacific Mail rallied per
cent, later declined per cent. and closed with
o net loss of per cent The Vanderbits are
down per cent Erie common continued active,
and closed with a net loss of ] per cent, while
the grangers show net loss of / per cent for
Omaha common per cent. for st. Paul. and
Per cent. for Northwestern. Lackawanna and
Jersey Central each lost per cent; Delaware
and Hudson, per cent, and Reading Il per
cent. The other losses are for small fractions
The market closed with the following prices
bid: