The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-10-09
THE INDIANAPOLIS NATIONAL BANK
Designated United States Depository,
Corner Room Odd-fellows' Hall.
THEo T. HAUGHEY Pres't. II. LATHAM Cash
CONDITION OF THE MARKETS
The Downward Tendency of Wheat Con-
tinues and Prices Go Still Lower.
Large offerings of Corn Cause the Market to
Decline to the Lowest Figures Known for
Years-Provisions Very Nervous.
MONEY, BONDS AND STOCKS.


Less Activity in Stocks, Accompanied by
Generally Lower Prices.
NEW YORK, Oct. S.--Money on call was act
rent. asked.
Prime mercantile paper, 405 per cent
Sterling exchange was dull but steady and
unchanged.
The total sales Of stocks to-day were 39s. 422
shares, including the following Canada South
ern, IL AIS; Delaware. Lackawanna & Western.
1880; Erie, 900; Kansas g Texas, $50; Lake
Ehore, 32,O06; Louisville & Nashville, 6,326;
Michigan Central, 3.489; Missouri Pacific, 4.780;
Northwestern, $685. New Jersey Central, H.
465; Pacific Mail, 5000; Reading, 1O7, $40; St.
Paul, $4,000; st. Paul 6 Omaha, $40; Union
Pacific, 1900; Western Union, $3.50; Oregon q
Transcontinental $3.50.
Government bonds were dull and heavy.
State bonds were neglected
The stock market again showed decrease in
the volume Of business, and the net result of the
trading for the day is that prices are lower in q
majority of the active list. There was again
shown. tals morning, disposition to await
events, but Notwithstanding flood of unfavor
able rumors and assertions, which came chiefly
throughout the morning hours. Later when the
hope that something definite would be accom-
pEshed at the meeting at the Grand Central de-
pot of New England railroad managers was given
up prices declined. and the lowest figures were
reached in the last hour. The market closed firm
on rally. Reading was the principal feature in
the trading, but followed the course of the GEN
eral market Upon the announcement that Mr.
Corbin would enter the Western Union directo-
rv, which was interpreted to mean that q com
Dfomise of some sort in the telegraph business
would ensue, Western Union became spe-
cially strong, and closed within of the
best prices reached. The trunk-lines and grapgers
which are principally affected by the troubles at
Chicago, were quiet, and huctusted within
narrow rance The opening was irregular, the
differences between last evenings final figures
and first prices this morning ranging from de-
clines of to advances of like amount. New
England was prominent exception, boing per
cent higher. Reading aud New England were
the features of the early trading, the latter be-
ing specially strong The general market was
barely firm. After the first hour business be-
came quiet and in the afternoon prices sagged
off throughout the list notable exceptions being
the Nickle plate stocks, Indiana, Bloomington g.
Western, and Western Union. The market raj
lied in the last half hour, and closed firm. A
great majority of the active stocks tonight
are lower, Manhattan being down II, and New
England Union Pacific and Wabash preferred
per cent. each. There were few fractional
advances, conspicuous among which we're West
ern Union. Canada Southern and Texas Pacific
trust reessaiDfs.
Railroad bonds were quiet sales, 50, 131 0O0
OF this amount. Atlantic & Pacific incomes
furnished $541: 600, Detroit Mackinae 4 Me- Me-
ouette firsts $l51 000 and Indiana, Bloomington
3 Western incomes $142 000 The latter were
CONSEQUENTLY strong and advanced steadily to
the close which was 80 higher, at 30a. Detroit,
Mackinac 3 Marquette frsts show an advance
of "a. at S5s Prices in the general list were ir-
regular, but generally firm in the morning, los
ing the advance in the afternoon. Closing quo
tations were: