The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-09-21
CONDITION OF THE MARKETS
Wheat Shows Considerable Improve
ment, Both in Demand and Prices.
The Market Closes Steady and Firm at an
Advance of About One Cent-A Slight
Advance in Provisions.
MONEY, BONDS AND STOCKS.
Less Activity in Railway Bonds-The Stock
Market Dull and Strong.

Less Activity in Railway Bonds-The Stock
Market Dull and Strong.
NEW YORK, Sept. 19.-Money on call was easy
nc 1S11 per cent
Prime mercantile paper 405 per cent.
Foreign exchange was quiet and unchanged.
The total sales of stocks to-day were PIT, It's
shares, including the following: Delaware,
Lackawanna & Western. 1920; Kansas &
Texas, 1888; Lake Shore, 41,040; Louisville &
Nashville, 1920; Northwestern, IL, 44O; New Jer-
sey Central, 7,0S5; New York Central, 6, 43O; Pa
cifc Mail 5,376; Reading, $500; St Paul, q, $780,
Texas Pacific, $3.50; Union Pacific, 4, 700; West
ern Union $780, Northern Pacific preferred,
1890; Oregon & Transcontinental, 6,012.
Government bonds are quiet and steady.
State bonds are neglected
There was less activity in the railroad bond
market to-day, and about one-half the business
was divided among few issues. The total of the
sales ST. 747 900, of which Erie second consols
contributed s559,OOO Considerable business was
done in Richmond & Danville debentures, during
which the price advanced from 7S3 to S2a. There
was q break of per cent shortly before the
close of the board, and they closed with net
gain of "a per cent Prices are generally higher.
ket has been dull and strong. Opening quota
tions were generally to! per cent. higher than
they closed last evening, and there were further
fractional advances in the early dealings, fol-
lowed by reaction in the forenoon, among
which the early gains, and in some cases little
more were lost, and then followed dull and
strong market. which continued throughout the
afternoon. The sales were about the
same as yesterday, and the course of prices was
aiso very similar. Just at the close there a
break, so that final prices little below
the best of the day in many cases, but
most stocks closed with gains of ! to : per cent.
There are no declines in the active list Over
Al per cent Of the days operations were in
Lake Shore, Lackawanna and ST. Paul The
stock first named opened at 704 touched II
in the forenoon. and in the afternoon
rs closing with gain of Il per cent New
cent The movement in coal stocks was contin-
ned, especially in Lackawanna, which was
strong all day, with gain of Il per cent Del
aware & Hudson and Reading were each per
cont higher. Minneapolis & st. Louis preferred
IL mp L. The grangers were strong, St Paul
ness is up !. Western Union, Mis-
souri Pacific and Manhattan Consoi-
dated all sold OK. dividend this afternoon
comparing prices this evening with those of a
week ago, nearly every thing is higher, the only
exception being Pacific Mail which is down T.
The greatest advance was in Richmond 81 Dan
viile g. Lackawanna is up At; Delaware &
Hudson. Al. Richmond & West Point 80; ST.
Paul, q; Lake Shore, q; Northwest. p; Mis-
souri,, Kansas & Texas, II; New York Central, g.
and others less than per cent
The capital stock of the Canadian Pacific rail
way has been reduced by act of Parliament from
$500 000 000 to 500, COG. 000 and the $35 600 000
which was never issued, has been cancelled.
The market closed with the following prices
bid: