The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-09-27
THE INDIANAPOLIS NATIONAL BANK
Designated United States Depository
Corner Room Odd-fenows' Hail.
THEo p HAuGHEY. Pres't H. LATHAM. Cash
CONDITION OF THE MARKETS.
The Foreign and Domestic News Favored
the Designs of Bear Operators.
And Caused Weak Feeling and lower Prices
all ROund-The Days Closing Figures the
Lowest Quoted for Several Months
MONEY, BONDS AND STOCKS.

Less Activity in Stocks, but Prices Are Slight
ly Hieher-Increased Business I'm Bonds.
NEW YORK, Sept 25-Money on call was active at
las per cent, closing at per cent. asked
Prime mercantile paper, 405 per cent.
Sterling exchange was quiet. but firm and I'M
shanged.
The total sales Of stocks to-day were 394, GAL
shares, ireluding the following: Central Pacific,
4,790; Delaware, Laekawanna g Western, %, 675;
Delaware s. Hudson, 4.3os; Erie, 80 720; Missouri,
Kansas Texas 26,4 05; Lake Shore, A $50; Louis:
vile g Nashville q $50; Memphis & Charleston, g..
100; New Jersey Central, Ia. $50, Pacific Mail TO-
$40; Reading, 9s, 120; ST. Paul, Is, ESQ, ST. Paul 6
Omaha. $3.50; Texas & Pacific 437O: Union Pacific
$3.50; Western Union 30,s5O; Oregon & Transconti.
mental, 4.409.
Government bonds were quiet but strong
State bonds were duh and steady.
The stock market displayed less activity than On
any previous day this week Prices, as on the last
days. Somewhat irregular and at times fever
fish, but in the afternoon general advance occurred
which leaves the majority OF the list higher
London was seller of Reading but bought several
ether stocks chiefly the lowpriced securities Read
ing was the most active. and strong almost the
entire day. Western Union was decided feature in
marked advance. but shaded off in
the afternoon The coal stocks, though active
Wer6 comparatively sJ6d0y 5nrouRhou6 anu INC
grangers were dull and fuctuated 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
frstmortgage bonds of the Atlantic q Pacific com
pany shown to-day by the strength OF the stock
and the incomes both Of which were active and
strong There was squirt OF per cent in Pull
man Palace-car, and the San Francisco stock
continued to advance At the opening
prices small fractions lower in the
majority of cases. but there active trading and
the heavness disappeared under the strength of
the ct sagged off small fractions, special weak
ness being shown in Pacific Mail. In the afternoon
the market became comparatively quiet but prices
improved slowly, until the last hour, when they be-
steady. and so closed. The total sales were
394. 691 shares. Reading furnishing $500; Erie
1920. closely followed by New England and West
Union. majority of the active list are
higher tonight the few declines being for
small fractions only while New England is
up 3s Reading and Kansas & Texas, each 7s. and
1888, 627 shares, against 1887 $50 for the previ-
Dus week. The list shows material advances over the
closing prices of week ago. Jersey Central being
as, Lackawanna like amount, Western Union Ale
and Reading 4.
Railroad bonds showed somewhat larger business
of this amount was furnished by the Atlantic s. Pa
ci6c Incomes, their sales being ST., 149, 900. They
specially strong. and sold from % up to 81
hnallv.closing g lower with net gain of 49, De-
troit Macknac g. Marquette land grants
showed considerable strength and activity and
and are per cent. higher, at o. The other
issued were finn especially in the afternoon and final
prices generally show advances. Northwestern
pom gold bonds rose 2a4. to 1891 and Erie incomes
B, to 75 Central Iowa frsts coupon off, lost 2. at
473, 600 against So 24l 900 for the previous week.
Closing quotations were;