The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-10-02
STRONG FEELING In WHEAT,
Caused by a Decline in British Consols
and Uneasiness in Europe.
Corn and Other Grains Receive but Little
Attention, and Rule Moderately Firm
Provisions Firm and Higher.
MONEY. BONDS AND STOCKS.
Continued Activity in Railway Bonds-Stock
Open Strong, but Close Weak.

Continued Activity in Railway Bonds-Stocks
Open Strong, but Close Weak.
NEW YORK, Oct. Money call easy at
101l9 per cent.
Prime mercantile paper, 405 per cent.
Foreign exchange was dull and unchanged.
The total stock sales to-day were 279, 1872 shares,
including the following: Delaware, Lackawanna &
Western 36,417; Erie 10000 Kansas Texas,
3,7OO, Lake Shore, Sc, $50; Lake Erie & Western,
$500; New York Central, $40; Northwestern,
26 500; Pacific Mail 10, $50; st. Paul. 12,45o;
Union Pacific, 1920; Western Union, 10,475;
Northern Pacific, preferred, 7O3s; Oregon & Trans
continental, 14,S65.
Government bonds were dull and firm the threes
and coupon tours quoted ex. interest today.
State bonds quiet but strong.
The total sales of railroad bonds So, 542, 900,
nearly half of which contributed by Erie second
consols There was considerable activity in the
morning in Nickel plate frsts closing in gain of Il
per cent.
The absorbing topic of interest on Wall street was
the probable result of the meeting of the trunklne
presidents to-day and although definite conclusions
had not been reached before the close of the board
the promises of good results were most abundant,
and the sreet" generally believed that pool would
be formed between all the trunk lines, and restora-
tion of rates to paying basis established at
Under the influence of this belief the stock market
opened stronger the first prices being from le to 7s
higher than where they closed yesterday. The lowest
prices were made after the opening, and for the
FIRST hour the market decidedly active with
tendency to buoyancy. After IL o'clock however. the
business fell off very materially and, except in Lake
Ghore and two other stocks, the trading
YVES only moderate during the afternoon. Prices
steady for hour in the middle of the day fol
lowed by general weakness that continued most of
the afternoon, the decline being most prominent in
the grangers and Lake Shore. The closing prices
were little better. in most cases than the lowest
quotations reached in the morning Delaware q Hud-
son, small business is up o. while New York
Central shows gain of q. and some of the very in
active stocks made still greater advances notably
Cleveland, Columbus, Cincinnati & Indianapolis,
which, sales of only / 500 shares pig per
cent and Alton & Terre Haute preferred, still
smaller transactions, per cent The only prominent
Paul, which sold down to 1873, and closed a
higher with a net loss of y per cent. The
preferred is unchanged at 1914; Union Pacific
was conspieuously weak until near the close. when it
rallied small fraction. 1t announced that tn .
Missouri Pacific had leased the central branch of the
Union Pacific for term of twenty five years The
road has been operated for time by the Missouri
Pacific, but in making time lease, the street nfers
that the Missouri Pacific is reaching out for Denver
IN opposition to the Union Pacific. The only really
active ock the list was Lake Shore which opened
around rs were large and the excitement very con-
siderable but IN the afternoon it broke TO 743s and
closed a higher making net advance of 3s per cent
on sales of So 600 shares. Lackawanna contributed
36,40O and Northwestern &c, $50 shares.
The market closed with the following prices bid: