The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-10-03
CONDITION OF THE MARKETS.
Free offerings of Wheat Cause a 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.
NEW YORK, Oct. Money call was quiet. at
207 per cent.
Prime mercantile paper, 405 per cent.
Sterling exchange was quiet, but firm and un-
changed.
The total sales of stocks to-day were 374, ITO
shares, Including the following Canada Southern,
IL, S95: Delaware, Lackawanna & Western %. 300;
Erie 10 BAL; Lake Shore SO O81 Louisville & Nash
vile, II, 1885, Michigan Central 10, 175 Missouri,
Kansas & Texas. $3.50; Missouri Pacific 1926;
Northwestern, 1850; New Jersey Central, 5,S40;
New York Central IL ,22O; Pacific Mail, 1O,41o:
Reading, 25 900; st. Paul, 41,125; st. Paul &
Omaha, 5,175; Union Pacific, SOLO; Western
Union, sc, 3O5.
Government bonds were quiet and steady.
State bonds dull and steady
Stocks opened with much stronger tone, and the
impression that trunk-ne matters will be amicably
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
So higher tonight, being alone in closing strong.
The morning hours material improvemen t over
the whole list, but after the issue of the bank
statement less confidence displayed and prices
became heavy. There feature in the afternoon
trading beyond the strength in New England
Western Union was active and remained comparative
~ steady throughout the day. The venderbilts, es
pecialy New York Central, 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 1e03e
Above last evenings final figures. Western Union
however, was up d. and Jersey Central down H.
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
was little Improvement in the last hour, bat the
market closed barely steady. The business of the
day was 374.179 shares, New England furnished
60, $50; St Paul, Al, 125 and Lake Shore, 36, O81
Closing prices show irregular changes, but the adj
vances are more numerous aud important New
Finland is up 514 New York Central H. Michigan
Central 1, and others fractional amounts St Paul
Il down 81. The sales for the week are 2,616, 1872
shares against 1888, 627 for the previous week.
Prices are generally lower New England being con-
Bpicuous exception
Railroad bonds were less active. Sales So, 092,
O0O Erie seconds furnished 1888, 600 of this
amount and Atlantic & Pacific incomes 800, O00
Prices followed the course 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 revusion of feeling from the
scare of yesterday advanced the price from 09e last
evening to 101 ID though they finally closed 1e lower.
With gain of per cent. Central Iowa hrsts coupon
of lost @ at lO4; Detroit Mackinac & Marquette In
comes Bic; Minneapolis 81 ST. Louis frsts gained L.
at 131 Sales for the week, $40, 094, OOO against
80 A7S 600,