The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-10-18
CONDITION or THE MARKETS
Wheat Opens with an Excited Feeling
and Higher Prices Rule for Time.
Large offerings Cause Decline, but the
Market Closes Steady-A Fair Trade
in Corn-Provisions Quiet.
MONEY, BONDS AND STOCKS.

enormous
Stocks Feverish but Strong.
NEW YORK, Oct T.-Monev or call was
Easy at II az per cent
Prime mercantile paper, 4a per cent.
Foreign exchange was dull and unchanged.
The total sales of stocks to-day were 528, GIG
shares. including the following: Canada South
ern, 1910; Central Pacific, $780, Delaware,
Lackawanna & Western, 48, 432; Delaware &
Hudson, 4,3i0; Erie, So sos; Kansas & Texas,
li,875; Lake Shore, 40 POS; Louisville & Nash
vile, 1885, Northwestern, 900; New York
Central, q, 780; Northern Pacific, 4,495; North
ern Pacific preferred, H. OILS; Pacific Mail 10, 600;
Reading, 1880; st. Paul, &c, $50; st. Paul &
Omaha II, ITO; Union Pacific, 81, 695; Western
Union, H.029; Oregon & Transcontinental,
9,647
Government bonds were dull and strong.
State bonds were active and firm.
Today's transactions in railway bonds were
larger than on any preceding day this year,
amounting TO S.. LAG, 900. The Erie second con-
soils were very active and strong, showing net
gain of II per cent, with sales of 81. POI, 600.
There very heavy business, also. in Atlantic
& Pacific issues They were, however, very
feverish during the afternoon The Atlantic &
81 Pacific. western division rose from
IA to 75a, and closed at 74s. The
sales Of the two issues mentioned amounted
TO 81, 552 900. The remainder of the business
was very well distributed, ami prices generally
show gains, especially the lower-priced bonds
shat are being sought for investment The
market has been extremely active and strong
throughout the week, the advance being ma
serial while the total sales are in excess of any
previous week for many months. The sales for
this week have been $25 or 000
The stock market was very active, feverish.
and irregular, but ON the whole strong Erie
cd yUfh oil nf6 0chn nln
of ]. The greatest advance made by Lacka-
wanna, (which fiuctuated wildly and closed
within of the highest price of the day. with a
act advance Of 2s Delaware Hudson received
some attention, and gained per cent. Central
Of New Jersey, was again strong at the opening
snd closed lower than the highest price
sf the day, with net advance of Il.
Reading is up L. Among the graneers, St Paul
was little more than steady during the fore
noon. was quiet after midday. but rallied late
to 854c and closed with an advance of J. The
earnings for the second week of October are re-
ported at 1924 00O gain over the same period
last year of $70,50O. Northwestern developed
decided strenth at the opening. and at no time
did 1t sell below l07, and closed with a net ad-
vance of per cent Omaha, common, gained T.
but Manitoba is glover and O., B IL O. is down 2.
The Vanderbts were decidedly strong Lacka-
wanna gained ], and New York Central IL Can
ada Southern closed with net advance of IL
Michigan Central is up III Union Pacific was
steady at a small fraction above So until after
o'clock, when it broke to 81. but rallied and
closed with net advance of l. Pacific Mail is
mp s, and Missouri, Kansas g. Texas (. Texas
u Pacific is unchanged Missouri Pacific
elbows gain of {. The North
ern Pacifcs were strong without making
any material advances. while Oregon Navigation
Is up Il. and Oregon & Transcontinemtal is
down !. The advance in New York Central
here. and Of Pennsylvania in Philadelphia, give
rise 10 a run9or shat new developments were
being made IN trunk affairs. but nothing more
than runor was known Comparing prices to-
night with Icose Of week ago, everything is
higher, ths gains ranging from fractional
amounts to per cent. Lackawanna is up
q; Jersey Central; 4ss; Erie 81; Reading. 81;
Manitoba S. and North western each g.
The market closed with the following prices
bids