The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-10-07
CONDITION OF THE MARKETS
Wheat Very Weak, Closing at the Low
est Prices Quoted for Many Months.
Corn Follows the General Tendency of Wheat,
Notwithstanding Heavy Purchasing Or
ders-Pr0visiOns Shade Firmer.
MONEY, BONDS AND STOCKS.

Stocks Less Active - Upward Movement
Checked-Bonds Fairly Active.
New YORK, Oct 6-Money on call was active
E508 per cent, closing at per cent asked.
Prime mercantile paper, 405 per cent
Sterling exchange was weak at "a. 814 for six
ty-day bills and s. Sd for demand.
The total sales'of stocks to-day were $780,
shares, including the following Canada South
Srn, 1850; Delaware. Lackawanna s. Western.
1850; Erie, 10,500 Kansas & Texas, SO, 497;
Lake Shore, 37,645; Louisville Sc Nashville,
II, 1850; Michigan Central, 1907; Missouri Pa
cifc, 11,248: Northwestern, lilo; New Jersey
Central. S,2lO; New York Central, 1860; Ohio
& Mississippi, $780, Pacific Mail, 4,105; Read
ing SO, e25; ST. Paul, 29, $50; ST. Paul & Omaha,
5000; Union Pacific. 10,48O; Western Union,
81, 900; Northern Pacific preferred. II, 927; Ore
gon q Transcontinental, IL, 1872
Government bonds were dull and steady.
State bonds were duh and steady.
The stock market was much less active than
yesterday, and the upward movement received
a check. There was some buying by London, but
much less than has been noticed for the past
few days. The money market worked somewhat
close, which had an adverse influence upon spec
ula.ion, but sterling exchange rates were re-
duced in consequence of the lack of inquiry and
an increased supply Of cotton bills. The specu-
lstion In New England received another setback,
and that stock tonight shows heavy decline
The usual contradictory rumors were circulated,
but the general impression is that the bull lead
ers have taken their profits Western Union
was extremely active, bur shows no change this
evening The Vanderbilts were coDspcuousy
strong in the morning, stories to the effect that
dissatisfaction of the Pennsylvania railroad had
been removed aiding the rise. Canada Southern
the most conspicuous. although there was
nothing new, and in the afternoon c., c., G. &
/. advanced nearly d per cent Canadian Pacific
also became active on buying by foreign houses
The general market was strong throughout the
morning hours, but the extensive realizations
broke the list in the Afternoon, although the
heavy buying of Reading in the last hour had
beneficial effect upon the rest of the list; but the
market closed heavy at irregular changes. The
opening was strong. the gains over last evenings
nnai ngl1co I .:.:.. sIom to geassally. but
Missouri Pacific was up per cent Several of
the active list were unchanged. Western Union
was down &c. The market was feverish and
irregular in the early trading, and New England
dropped nearly per cent, but the remainder of
the list was firm to strong and so continued for
most of the morning, though highest. prices we're
generally made close to IL o'clock. A somewhat
irregular but generally heavy market succeeded,
JnefG being u SllRUb rally III lHo ldSJ HOur uub
the close was weak. Final prices show irregular
changes the most marked among which is de-
cline Of ger cent in New York & New England.
Tennessee Coal is down per cent, but other de-
clines are for fractions only Among those which
are higher, c., G., c. & I. is up 49, Canada South
ern, II; Texas Pacific trust receipts, / and Cana
dian Pacific, Ii.
Railroad bonds continued moderately active,
and followed closely the course of the share mar
ket There was very little feature to the deal
ines but the Atlantic 81 Pacific incomes are still
active upon stories of arrangement to be made
which will benefit the stock and junior securi
ties The Texas Pacific income trust receipts
were first in activity to-day, upon good buying
by insiders Oh the improved prospects of tso sue
cess of the reorganization plan, The sales for
the day were 81, l27, 600; Texas Pacific income
trust receipts furnished $464, 000 and Atlantic &
Pacific incomes 1921 900 Final prices show ir-
regular changes. Terminal trust receipts rose
%. to COG. Lake Shore registered firsts lost 2,
at 1913; Mobile s. Ohio second debentures, 81 at
1921 Closing quotations were: