The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-10-04
CONDITION OF THE MARKETS.
Free offerings of Wheat Cause Decline
from the Prices Current on Friday,
And Corn Rules Weak and Lower in Sympa-
thy-Mess Pork Also Declines, Losing AL
most the Last Vestige ofthe Late Boom.
MONEY, BONDS AND STOCKS.
Stocks Weak, Closing Barely Steady-Less
Activity in Railway Bonds.

Stocks Weak, Closing Barely Steauy-Less
Activity in Railway Bonds.
NEW YORK, Oct. Money on call was quiet, at
207 per cent.
Prime mercantile paper, 405 per cent
Sterling exchange was quiet, but firm and un-
ehanged.
The total sales of stocks to-day were 374, 179
shares, including the following: Canada Southern,
II, 885: Delaware, Lackawanna g Western, %. 800;
Erie 1S BAL; Lake Shore, 36 O91 Louisville Nash
vile, II, 465; Michigan Central 10,175 Missouri,
Kansas & Texas, 9,15O; Missouri Pacific, 1926;
Northwestern, 3,05O New Jersey Central, 5,s40;
New York Central, II ,22O; Pacific Mail 1O,410:
Reading, 25, $780, St. Paul. 41,125 st. Paul s.
Omaha 5,175; Union Pacific, SOLO; Western
Union, 80 305.
Government bonds were quiet and steady.
State bonds were dull and steady.
Stocks opened with a much stronger tone, and the
impression that trunkline matters will be amcably
arranged at the presidents meeting next week gained
ground. The deal in New York & New England made
further progress and notwithstanding the fact that
several material reactions occurred, that stock is
5at higher tonight, being alone in closing strong.
The morning hours material improvement over
the whole list, but after the issue of the bank
statement less confidence was displayed and prices
became heavy. There feature in the afternoon
trading beyond the strength in New England.
Western Union was active and remained comparative
ly steady throughout the day. The Vanderbilts,
pecally New York Central were strong in the early
morning, and retained most of the advantage until
the close. The opening firm to strong, irst
prices generally showing advances of from ls03s
above last evenings final figures. Western Union,
however was up So, and Jersey Central down Il.
There was some hesitation in the general
list in the early trading, but the
extraordinary strength In New England and
Western Union soon rallied the market. and the
upward movement was not checked until after noon,
when the early advances generally lost There
market closed barely steady. The business of the
day was 374, 179 shares; New England furnished
$1,000; st. Paul. Al, 125, and Lake Shore, 36,081
Closing prices show irregular changes but the adj
Yances are more numerous aud important New
Enland is up 514 New York Central lie, Michigan
Central |. and others fractional amounts st. Paul
is down g.. The sales for the week 2,616,1 1872
shares against 1888, 627 for the previous week.
Prices generally lower, New England being
Bpfcuous exception.
Railroad bonds were less active. Sales SO, O92-
900. Erie seconds furnished 1888, 600 of this
amount and Atlantic q Pacific incomes $3.50 900.
Prices followed the of the share market and
were firm In the morning and heavy In the afternoon
final prices showing irregular changes Erie seconds
were the feature and revulsion of feeling from the
of yesterday advanced the price from 991 last
evening to 10Th though they finally closed 1s lower
with gain of per cent Central Iowa frsts coupon
off, lost 2, at 1O4 Detroit Mackinac & Marquette in
comes, 3l2 Minneapolis & st. Louis frsts gained 4,
at 49,. Sales for the week, $40 094, 900, against
$9,473,000.