The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-10-13
CONDITION OF THE MARKETS,
wheat Opens with an Easier Feeling,
but Closes with a BulIish Tendency,
Caused by Large Purchases by Heavy Dealers
Moderate Business and Firm Feeling
in Corn-Provisions Lower.
MONEY, BONDS AND STOCKS.

Unusual Activity in Stocks.
NEW YORK, Oct. l2-Money on call was easy
ut lag per cent.
Prime mercantile paper, 405 per cent.
Foreign exchange was active but unchanged.
The total stock sales to-day were $50 POT
shares including the following: Canadian
Southern, 9.240 Central Pacific, 4,37O
Delaware, Lackawanna 6 Western. $780,
Erie, 10, $50; Kansas & Texas, Is, GAO; Lake Shore
6O,52O Louisville g. Nashville. IL, $50; Missouri
Pacific, 4 ,170 Northwestern 2s, 95S; New Jersey
Central, $40; New York Central, 1867; Pacific
Mail, 26,642; Reading 2l,200; ST. Paul,
$780, st. Paul & Omaha, $685.
Texas Pacific, $1,000; Union Pacific, 49,
730; Western Union, 1913; Northern Pacific
preferred, 1908; Oregon & Transcontinental,
31,l14
Government bonds were active and strong.
State bonds were dull and steady.
large business was done in railway bonds,
the total sales amounting to SO. 2s9, 900. Erie
second consols were less active than for some
time past, the transactions aggregating only
1000, prices closing with loss of {. The re-
cent advance in Canada Southern seconds has
followed rumors that an effort was being made
by the Lackawanna to secure control of the
Canada Southern The sales of the seconds to-
day were 1866, 600. at a net advance of ). There
were sales of 5000, 900 Texas & Pacific land
grants and Rio Grande SKIES, coupon off; the
latter are lower and the land grants unchanged
The stock market was more active than on
any preceding day this year, and with the ex-
ception of July %, when the sales were nearly
as large the reported transactions are materially
greater amounting to 500, 900 shares Nearly 81
per cent. of the days business was in Western
Union. Lackawanna, and St Paul. The whole
Inst was unusually active. The total sales IN
the first two hours alone were 316 500 shares or
fully as much as an average days business for
months past. Up to l P. NJ. the market was
decidedly strong, advancing from to Il, the
latter Pacific Mail. In the amount of business
done, Western Union led the whole list selling
from 40, at the opening, to 749, to which it de-
clined in the early dealings. and advancing to
76s before noon. Union Pacific gained Il and
Missouri Pacific L. The other Gould stocks
made advances of only small fractions. The
other most important gains were in Oregon
Navigation, in ST. Paul and New Jersey Cen
trai, and ] in Lake Shore New York Central
did not sell above the opening price, which was
the same at which it closed on Saturday.
Throughout the afternoon the market was irreg
ular. active, feverish, and at times decidedly
weak, especially between / and 2 o'clock
During the last hour there was a reac-
ton, followed again by renewed weakness
The most important declines are in Minneapolis
u St Louis common, /, and the preferred, 4
New York Central !; Lake Shore, {; Erie, J;
Louisville & Nashville and Delaware d Hudson
J. Northwestern, Lackawanna, and Missouri
Kansas q Texas are unchanged. while Pacific
Mail closed with net advance of II, the strong
est stock on the list Western Union, New Jer-
sey Central and Michigan Central are up each;
Oregon e. Transcontnental, Manhattan Consoli
dated and Oregon Navigation 7. and Missouri Pa
ci6c 1. Western Union was strong rumors
of an amieab arrangement with the B. & O. The
truth of this rumor. however, is officially denied
Notwithstanding the earnings of the North
western for the first week in October show an
increase of $7l, 500 as compared with the same
week last year. the stock was barely steady at
about the opening figures, until in the after
noon. when it sold off Il per cent There was a
decrease in the Chicago 81 Alton earnings for
the first week of October of 1914 75O
The market closed with the following prices
bid: