The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-10-25
THE INDIANAPOLIS NATIONAL BANK
Designated United States Depository,
Corner Room Oddfellows Hall
THEo. P. HAuGHEY Pres't. n. LATHAM. Cash
CONDITION OF THE MARKETS.
Wheat Opens Easy, but Quickly Becomes
Active. Firm, and Even BuOyant,
Under the Influence of Rumored Injury to
Fall-SOwn Grain-Corn and Oats Also Ad-
Vance-Proyision Slow, Closing Dull.
MONEY, BONDS AND STOCKS.

A Day of Great Dizziness, Relieved by occa-
slonal Dashes by the 'Bears."
NEW YORK, Oct 23.-Money call was quiet at
406 per cent, closing at 405.
Prime mercantile paper, 445 per cent.
Sterling exchange dull at $480l4 for sixty day
bills, and $4.S3l9 for demand.
The total sales Of stocks to-day were go, 021
shares ircluding the following: Delaware, Lacka-
wanna g. Western, 9,9o0 Erie, 3,7lO Missouri,
Kansas & Texas 4,30O; Lake Shore. 1855; Louis
vile & Nashville 5000; Northwestern, 1920; New
Jersey Central 26. $780, New York Central, 5,762;
Reading, Is, 245 St. Paul, %, 555; Texas g. Pacific,
5000; Union Pacific. 5000; Western Union, 80, 055.
Government bonds were dull and steady.
State bonds were quiet and steady.
To-day's stock market was the smallest for month
or more. 1t was dull almost from beginning to end,
the monotony being relieved only by dashes made by
The bears" There was little done except by the
professional traders, and only three stocks showed
any activity whatever-Jersey Central, Western
Union and st. Paul. The efforts of the bears"
principally were directed against Jersey Cen
trail but it resisted stubbornly. the widest
break being only 1 per cent: but the
pressure removed it again recovered and for the
first time In many days shows a net advance at the
close A drive was made at New York Central in the
early part of the afternoon. and its price was de-
pressed i L. but it also recovered later. Western
Union attracted considerable attention, and
teeably strong throughout the day. rumor was cir
culated that a heavy pool had been made up
In this stock, which induced buying by the room
Traders ST. Paul was rather weak in the early part
OF the day upon selling by the ROOM but it also
cred later. The general market quiet and gener-
ally firm with fluctuations confined within a narrow
range. The opening was heavy to weak, first prices
showing declines ranging from Lea SEE. The market
became firm and dull before noon. Efforts were made
to depress prices between - and 2 o'clock
but had little effect except upon special
stocks. In the last he there activity ac-
companied by increased strength, and the market
closed quiet but firm close to the best figures of the
day. Sales, 22O 210 shares; Western Union. 35 055
Jersey Central, 26,83O, st. Paul. 22,655. There
were very few net declines for the day, and in only
two cases, Western Union, with / IA, and Texas Pa
cifc, with per cent. were the advances for more
than fractions The sales for the week were 2,2e9,
779 shares. against 563 189 for the week previous.
Railroad bonds were moderately active Sales ST.,
935, 600. The Kansas d Texas issues feature,
and both the fves and skies strong, while the
sevens weak. The sales of the skies foot up
$446,0O0. The Detroit Mackinac & Marquette land
graets also active and strong upon the fact that
dividend equal to 10 per cent is to be declared upon
these bonds shortly Their sales were $193 600.
Kansas g. Texas fves rose ga to 9lsl; Mackinac g
Marquette land grants ga, to 481a Jersey Central
consols lost O. at 1917 Denver s. Rio Grande Western
Rssented, 90, at IA Sales for the week, $11, $780,
900. Closing quotations were