The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-10-07
CONDITION OF THE MARKETS,
Wheat Opens q Little Easier, but a Slight
Advance Occurs During the Day.
Heavy Buying Causes Better Market and
Higher Prices for Corn-Provisions
Dull and Without Change.
MONEY. BONDS AND STOCKS.

WeH-Dfstributed Business in Railway
Bonds-The Stock Market Fairly Active
NEW YORK, Oct 6.-Money on call was easy
ut 102 per cent
Prime mercantile paper, 4@5 per cent
Foreign exchange was dull at 81. 83a for sixty
days, and 81. 85s for demand.
The total stock sales to-day were 369 463
shares. including the following: Delaware,
Lackawanna g. Western. 49, $50; Erie 5,025;
Kansas & Texas $3.50; Lake Shore, 81, 925:
Louisville 6 Nashville 6.625: Northwestern,
$3.50; New Jersey Central, Ii, 900; New York
Central, is, 935; Pacific Mail, 1926; Peoria,
Decatur & Evansville. 3240; St Paul, 81, 72O;
Union Pacific. IS. TAB; Western Union, As, 700;
Northern Pacific, preferred $3.50; Oregon &
Transcontinental 1927.
Government bonds were dull and steady.
State bonds were quiet and firm.
There was very welldstributed business in
railway bonds to-day. The total sales were
q, S96, 600. Erie second consos were less active
closing at a net loss of I. There was spurt of
activity in the morning in Iron Mountain fves
1t SO4 0s2; later they were dull, and closed at
s24. gain of Il. There was more activity in
the l., B. & W., eastern division SKIES which
ansville frsts advanced per cent, to 90, and
the Evansville division skies g TO 91d
There was an irregular but tame opeping to
gne STOCK market, this morning and in the early
dealings a decline which was soon checked.
however, and, with renewed activity, decided
s ADVANCE = followed amounting, in some
T as1s, 70 over per cent. while
-1@0A"manna z gained over "a per cent.
Later the n,arket aga; "a became dull and weak.
followed by r.ertial recovery. and in the last
nour W. ere was renewed weakness again for some
the most active stocks. There was, however,
considerable irreguarity in the movements of
different stocks, and the closing prices show
about an equal number of advances aad declines
but the changes with few exceptions. are gener
ally for to per cent Those that are lower in
slude the Vanderbilts. St. Paul, and the coal
stocks, except Reading and New Jersey Central,
and also some of the low-priced securities.
Western Union is prominent for a net advance of
J, and Northwestern gained 5. Lackawanna
was again the strongest stock on the list and
after csenng at 1883 yielded 108 from which it
rallied to 1893, the highest price of the
day. Later it sold at 1917, rose
to 1885, and finally closed at 1OS
The afternoon break was accompanied by ru
NOR that prominent operator, who was heavily
s'shortp of the stock, had settled with the
bulls" but the story was not confirmed. Union
Pacific led in point of activity, the total sales
being 68. 700 shares, and selling up to 5ls during
theforenoon, but they lost the advance later in
the day and closed with net gain of only Z. st.
Paul sold as low as 76a. near the opening from
which it advanced to I'll, declining again to 76a,
net loss of per cent
There have been persistent repetitons
Of rumors during the past two
DAYS that somebody was heavily
short of Northwestern, and that an effort was
being made to forced settlement. but while the
stock has been strong to-day, selling as high as
l0ls, it broke per cent. in the final dealings
and closed with net advance of only 5. The
total days sales, 800 463 shares. indicate fairly
active market, but the transactions during the
first hour amounted to 10000 shares, and
nearly rs per cent. of the days business con-
sisted of sales of Lackawanna Western Union,
Union Pacific, Oregon e. Transcontinental, Lake
Shore, Northwestern & st. Paul.
The market closed with the following prizes
bid: