The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-09-26
CONDITION OF THE MARKETS,
The Foreign and Domestic News Favored
the Designs of Bear Operators,
And Caused Weak Feeling and Lower Prices
ali ROund-The Days Closing Figures the
Lowest Quoted for Several Months.
MONEY, BONDS AND STOCKS.

Less Activity in Stocks, bat Prices Are Slight
~ Higher-Increased Business I'm Bonds.
NEW YORK, Sept. 25.-Money call wae active at
4@9 per cent, closing at per cent. asked
Prime mercantile paper 405 per cent.
Sterling exchange was quiet, but firm and un-
changed.
The total sales of stocks to-day 394, GAL
shares, Including the following Central Pacific,
1870; Delaware, Lackawanna s. Western, %, 675;
Delaware g. Hudson, 4309; Erie, 80, 100; Missouri.
Kansas & Texas, &c, 4O5; Lake Shore, 4S60; Louis
vile & Nashville, 1850; Memphis Charleston. g..
100; New Jersey Central $3.50; Pacific Mail. TO-
$780, Reading, 80, 120 ST. Paul, 10, ESQ., st. Paul &
Omaha $3.50; Texas g. Pacific, 1870; Union Pacific,
B,67O; Western Union 80, $50; Oregon Transconti-
mental 4.4O9.
Government bonds were quiet but strong.
State bonds duh and steady.
The stock market displayed less activity than on
any previous day this week. Prices as on the last
few days somewhat irregular and at times fever
ish but in the afternoon general advance occurred
which leaves the majority of the lstsomewhat higher
London seller of Reading, but bought several
other stocks, chiefly the lowpriced tiles Read
ing was the most active and was strong almost the
entire day. Western Union was decided feature in
the morning. and at one thine time s showed
the afternoon. The coal stocks, though active,
we're comparatively steady throughout and the
Rrangers were dull and Huctuated within narrow
limits with the exception of Omaha, which exhibited
considerable strength in the afternoon. The effect of
the proposed reduction in the rate of interest the
b st-mortgage bonds of the Atlantic & Pacific com
pony shown to-day by the strength of the stock
Eald the incomes, both of which active and
strong. There was squirt of A per cent. in Pull
TSn Paace-car, and the San Francisco stock
continued to advance. At the opening
prices were small fractions lower in the
majority of cases. but there active trading and
the heavness disappeared under the strength of
Western Union, Reading and New England. Later
the ct sagged off small fractions, special weak
being shown in Pacific Mail In the afternoon
the market became comparatively quiet, but prices
improved slowly, until the last hour when they be-
came steady, and SO closed The total sales were
394.691 shares Reading furnishing SO, $780, Erie,
1920, closely followed by New England and West
ern Union. majority of the active list are
higher tonight, the few declines being for
small fractions only, while New England is
up ss Reading and Kansas g. Texas each 7s and
others smaller fractions The sales for the week were
1893 627 shares, against 9S7 636 for the previ-
Gus week. The list shows material advances the
closing prices of week ago. Jersey Central being up
4ss Lackawanna a like amount, Western Union Ale
and Reading A.
Railroad bonds showed a somewhat larger business
to-day, the sales reaching So. 23S 600 but over half
of this amount was furnished by the Atlantic & Pa
clfc incomes, their sales being 81 149, 600. They
specially strong. and sold from % up to 27l2
finally closing 1e lower with net gain of 1s5. De-
troit, Mackinac s. Marquette land grants
showed considerable strength and activity, and
issued firm especially in the afternoon and final
prices generally show advances. Northwestern cou-
pom gold bonds 23i, to 1884. and Erie incomes
B. to rs; Central Iowa frsts, coupon off, lost 2, at
106 The total sales for the week amounted to SIS,
4T3 O0O against So 241 900 for the previous week.
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