The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-11-02
CONDITION OF THE MARKETS.
Wheat Active at Times, but as Whole
the Market Dragged Considerably.
i Firm Closing, Notwithstanding the Ru-
mored Action of the Minneapolis Millers
A Moderate Business in Corn.
MONEY, BONDS AND STOCKS.


NEW YORK, Oct. 3L-Money on call was
easy at 203 per cent
Prime mercantile paper, 405 per cent
Foreign exchange was dull and unchanged.
The total sales of stocks to-day were 582, 100
shares, including the following: Canada
Southern, $500; c., ST. L. e. P. pre-
ferred, $780, Delaware, Lackawanna &
Western, 81, $40; Delaware & Hudson, 1,436
Erie, 42,020; Kansas 6 Texas, 1925; Lake
Shore. SO, $780, Louisville & Nashville, 1860;
Missouri Pacific, 7,77O Northwestern, "a, 700;
Now Jersey Central, $3.50; New York Central,
% 900; Northern Pacific, 5.978; Pacific Mail,
1850; Reading, co. $50; st. Paul, 39898: Texas
Pacific TO- 100; Union Pacific, So 035 Western
Union 60, 800; Northern Pacific preferred, 16,
610; Oregon and Transcontinental, 49, $50.
Government bonds were dull and strong.
State bonds were irregular.
Railroad bonds continue active, with very
good demand for the investment issues. The
total sales to-day were So, 878. 600, including
81. 272, 900 Erie second consols There was some
trading in the Wabash issues, and quotations
were steady for all except the Cairo division
fves, which are up 4465a Acting upon the
suggestion Of the London committee, the pur-
chasing committee here have decided to extend
the time during which bonds may be
deposited to Nov. 16. The sales of railroad
and for the month closing to-day, $105-
000 900, against less than $50 G00 900 for Sep
TENDER. There has BEEN throughout the month";
an almost continuous but slow advance in the
price of the so-cailed gilt edged" investment
bonds, and more rapid advance accompanied
by occasional reactions but resulting in very
material net gains, in some of the more special
active issues
Comparing the closing prices this evening
with those of yesterday the stock market today
haoc CHI I'D ctr 10Th h,tsf ,pe
an upward movement has been accompanied
by equal amount of irregularity and
feverishness. There was strong opening, the
first prices in most cases showing gain of a ),
and in some instances the opening prices were
the lowest of the day, while in others there was
q fractional decline The lowest prices in
some cases were reached in the early dealings,
while other stocks were dull and heavy until
midday. In one or two cases, also, the lowest
prices were made in the closings In the last
hour great irregularity prevailed. and during the
latter part of the hour very decided weakness in
the stocks which had exhibited the greatest
strength The declines in the last fifteen min
ntes, in some cases, amounted to a0a per cent
The result of the days operations, however, is
an advance for almost everything on the list, and
q majority of the active stocks l per
cent higher than last evening. Taking nine of
the most active stocks, there Is net average
gain of little over per cent, the greatest ad
vance and the largest business being in Lake
which the net gain is q per cent Western
Union contributed 60, 800 Erie $4,000, and
st. Paul 80, 900 shares. Erie gained only awhile
Western Union advanced Il, and Lackawanna
Il per cent. Reading the only stock whose
sales exceeded 20, 600 shares that shows loss
per cent-and that was made late in the day
when there quick break from 22a to 221 at
which the stock closed One of the features of
the day was the decided advance in the Wander
bits. Lake Shore gained p. as stated, and New
York Central Il. The Gould stocks were also
noticeable for the gains made as well as the re-
newed activity.
The dealings in the Northern Pacifcs and
their associates attracted much attention. Ore
gon Navigation, in the last hour, sold as high as
100s par being the price at which the option was
given by the Oregon Transcontnental, which
expired to-day Northern Pacific common rose
4 and preferred ] per cent At the Farmers
Loan and Trust Company this evening, it was
stated that most of the Northern Pacifcs, both
common and preferred, have been called, while
advantage was taken of the option very little of
the Oregon Railway and Navigation. Oregon
Transcontnental gained !. Activity in the
lov priced stocks feature. Chicago, ST.
Louis & Plttsburg common is up q, and the
preferred T. Comparing prices this evening with
those of week ago. almost everything in the
active list is higher The gains range between
email fractions and Al per cent the latter in
Western Union. st. Paul is up 4; Missouri Pa
eihc and Oregon and Transcontinental, each,
81; Lackawanna, 70; NORTHWESTERN, I9 ana otn-
ers less than per cent.
The sales of the week were 2477, 800 shares,
against 1885, 700 shares last week. The total
transactions for the month amounted to IL, 563.
900 shares, the highest business for any month
this year. There is hardly stock on the list
that does not show material advances. Lacka-
wanna shows u net advance of 49,; Delaware &
Hudson l3s: st Paul, 12a; Northwestern, 1ls:
Western Union. III; Lake Shore, %; Oregon &
Transeontinental. u; Northern Pacific preferred,
Il; New Jersey Central, 6s Canada Southern,
6l: New York Central, 81; Union Pacific, 81; Pa
cifc Mail, 81; Erie, So, and others smaller
amounts.
The market closed with the following prices
h;d.