The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-10-08
CONDITION OF THE MARKETS.
A Stronger Feel;ag in Wheat, Caused
me Tlfmncss of Foreign Markets.
GnHsual Strength in Corn Options for the
Near Future-Provisions Steady, with
an Advance in Pork and Lard.
MONEY. BONDS AND STOCKS.

ACoHtinued Large Business in Railway Bonds
stocks Unusually Active and Strong
NEW YORK, Oct. Money on call was active
end stronger at II az per cent, closing at per
cent.
Frme mercantile paper 405 per cent
Foreign exchange was dull and unchanged.
The total stock sales to-day were 397, All
shares, including the following: Delaware,
Lackawanna & Western. 62658; Erie $3.50;
Kansas & Texas, 1880; Lake Shore, SO, 900;
Louisville & Nashville, II. g2o; Missouri Pacific,
1870; Northwestern, 1906: New Jersey Cen
trial. 9,l75; New York Central. 10, Cos; Northern
Pacific preferred, Is, 101; Pacific Mail, 1885, St
Paul, 56,210 ST Paul & Omaha, 1885; Texas G.
Pacific, $780, Union Pacific, 1885, Western
Union, q 1885, Oregon G. Transcontinental, 35,-
1877
Government bonds were dull and steady.
State bonds were active and generally strong
The railway bond market was unusually act
I've and the business remarkably we'll distrib-
uted. The total sales were So, 456 O0O Eric
second cohsols contributed 1897 900, West Shore
trust receipts 1903, 900, Texas & Pacific issues
so 900, Oregon q Transcontinental frsts, $156.-
OO0, Nickel patesfrsts Sal 600 and Fort Worth
81 Denver frsts 1874, 000 leaving ST. 100 900 to be-
divided among the less active issues. Oregon q
Transcontinental frsts made a net gain of per
cent. The Lehigh & Wilkesbarre consolidated
assented are off per cent as are also Erie
frsts consolidated funded coupons There are
only few declines, hut all Chesapeake 81 Ohio
issues are lower. the first SERIES B. being down 81
and the same coupon off, per cent. while the
currency skies down 81, and the Alton 81 Terre
Haute dividends q.
The stock market was unusually active and
strong all day. 1t opened somewhat irregularly
bat the changes from last evenings quotations
were only for small fractions, and with only verv
moderate reactions, the greatest one shortly
after midday, continued strong from opening to
close Final prices were generally at or within
per cent. OF the highest quotations reached,
and were from l to over per cent higher than
the final figures last evening. The total sales
were nearly 400 900 shares over so per cent of
which was in Lachawanna, st. Paul. Lake Shore,
q. d L. and Western Union Among the active
stocks, Lackawanna and St Paul were most
prominent for the advances made. Great
strength was developed in number of usually
active stocks including Rock Island, which rose
81; Oregon Railroad and Navigation, 81; Man
haitian consolidated. 81; Minneapolis & St Louis
common, Il, and the preferred, 81; Missouri
Pacific, q; Oregon & Transcontinental, IL and
Northern Pacific preferred, II. Lackawanria
rose rapidly from l.O8a at the opening to l. 1O4
and then remained about steady between the
highest price mentioned and 109s closing
finally at !. 10a gain of q per cent ST. Paul
sold up from 76s to 79s, and closed lower, with
q net advance of %; Northwestern, however,
was comparatively quiet aud steady. making a
gain of only !. The Vanderbilts were strong,
but Lake Shore advanced only l. Central of
New Jersey is II higher but Readingis unchanged,
while Delaware q Hudson rose Al. Omaha COM
mons up Il. None of the active list is lower.
The advance in Oregon Navigation was accom-
panied by a statement to the effect that the long
talked of lease of that line to Union Northern
Pacific has been contaminated in the shape of
working contract From official sources it is
learned that the announcement is premature.
There appears to be little doubt that satisfac-
tory arrangement of the kind mentioned will be
made, but the President of the Northern Pacific
company is i'll, and nothing has been done
for some time past. 1t is said that the scheme
for relieving Oregon 81 Transcontinental is to
pay off a portion of the debt which will mature
at the end of the current year and fund the re-
mainder in collateral trust per cent iveyear
bonds, parties having already agreed to take the
bonds. To-day the advance was accompanied
by no other rumors of an important character
tending to influence values
The market closed with the following prices
bjE