The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-09-20
CONDITION OF THE MARKETS.
Wheat Shows Considerable Improve
ment, Both in Demand and Prices.
The Market Closes Steady and Firm at an
Advance of About One Cent-A Slight
Advance in Provisions.
MONEY. BONDS AND STOCKS.

Less Activity in Railway Bonds-The Stock
Market Dull and Strong.
NEW YORK, Sept. 19.-Money on call was easy
N1014 per cent
Prime mercantile paper, 405 per cent.
Foreign exchange was quiet and unchanged
The total sales of stocks to-day were 2l7,715
shares, including the following: Delaware,
Lackawanna g. Western, 1920; Kansas &
Texas, 1885, Lake Shore, 41,040 Louisville &
Nashville, 1920 Northwestern, IL, 49, New Jer
sey Central. 7,Os5; New York Central, s $780, Pa
cifc Mail 1916; Reading, 5000; ST. Paul. q, 639;
Texas Pacific $3.50; Union Pacific, f. 700 West
8rn Union, 1880; Northern Pacific preferred,
1920; Oregon & Transcontinental, 6,0l2
Government bonds are quiet and steady.
State bonds neglected.
There was less activity in the railroad bond
market to-day, and about one-half the business
was divided among few issues. The total of the
Bales 81 TAI 600, of which Erie second consols
contributed $559, 900. Considerable business was
done in Richmond & Danvlle debentures during
which the price advanced from 78a to 82a. There
was break Of per cent. shortly before the
slose of the board, and they closed with a net
gain OF q per cent Prices are generally higher.
For the greater part of the day the stock mar
ket has been dull and strong. Opening quota
tons were generally al per cent higher than
they closed last evening, and there were further
fractional advances in the early dealings, fol-
lowed by reaction in the forenoon, among
which the early galns and in some cases little
more were lost, and then followed dull and
strong market. which continued throughout the
afternoon. The sales were about the
same as yesterday, and the course of prices was
also very similar. just at the close there was
break, so that final prices are little below
the best of the day in many cases, but
most stocks closed with gains of ! to per cent.
There are no declines in the active list Over
A per cent. of the days operations were in
Lake Shore, Lackawanna and st. Paul. The
stock first named opened at 701, touched II
in the forenoon, and in the afternoon
7ls closing with gain of II per cent New
York Central was very dull, but gained per
cent The movement in coal stocks was contin-
ned, especially in Lackawanna, which was
strong all day, with gain of Il per cent Del
aware & Hudson and Reading were each per
is up L. The grangers were strong, St. Paul
gaining Z, and Northwestern, on a small bust
ness, is up ]. Western Union, Mis-
souri, Pacific and Manhattan Consoli-
dated all sold ex. dividend this afternoon.
comparing prices this evening with those of a
week ago, nearly everything is higher, the only
exception being Pacific Mail, which is down +
The greatest advance was in Richmond & Dan
vile, 81. Lackawanna is up Al Delaware 81
Hudson. Al; Richmond & West Point, $50 ST.
Paul, "a; Lake Shore, q; Northwest. q; Mis-
souri, Kansas & Texas 81; New York Central, 2
and others less than 2 per cent.
The capital stock of the Canadian Pacific rail
300, 600 900, to $685. 600 00O and the $780, 0O0 OO0
Ahich was never issued has been Cancelled.
The market closed with the following prices
bid