The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-10-05
CONDITION OF THE MARKETS
A Fair Degree Of Activity in Wheat, but
Prices Are Lower than On Saturday.
Corn Opens Weak and Experiences Further
Decline Under Heavy 0fferings-PrOviS-
ions Rale Easy and Close Steady.
MONEY, BONDS AND STOCKS.

a Day Of Great Excitement in Stocks, with D
Feyerish and Irregular Market.
New YORK, Oct. Mooney on call was active
al 508 per cent, closing at per cent asked.
Prime mercantile paper, 405 per cent
Sterling exchange was quiet at S. 6ls for sixty
day bills and 81 S4s for demand
The total sales of stocks to-day were $50, $50
shares, including the following: Canada South
ern, 22,S65; Delaware. Lackawanna 6 Western.
29,1IO Delaware & Hudson, 500; Erie, %, 900;
Kansas 6 Texas, SO, 1885, Lake Shore, 2O,650;
Louisville & Nashville, H. IT'S; Michigan Gen.
trial, 1885, Manhattan Consolidated $3.50; Mis-
souri, Pacific, 1878; Northwestern, 1885; New
Jersey Central. 1920; New York Central, 5,575;
Pacific Mail 10. 29O Reading, IS, 945; ST. Paul,
$1,000; St. Paul & Omaha, 1850; Union Pacific
7,090 Western Union, 1880; Oregon q
Transcontinental, 1885,
Government bonds were quiet but firm.
State bonds were dull and steady.
The stock market was one of intense excite
ment at times, and was feverish and irregular
throughout the entire day The special features
were Western Union New England and Manhat-
tan Elevated, all of which were remarkably &C.
tive and strong, and subject to sudden and wide
fluctuations. depressing effect was caused in
the early hours by the action of Governor Patti
son, of Pennsylvania, in regard to the coal COM
UiuaLIOH ana the brunk-llne pool, ana Inc coal
stocks especially suffered from this cause, max
ing rapid and material declines in the early
hours. Later, however. New England became
the special feature, ard the trading was accom-
panied oy numerous rumors, most or wnicn nad
1S.e duty before In one shape and >notner put
THIS stock rapidly advanced, though sn meet 10
s-~nuent and heavy reactions After NJ, on
~, ION Jumped into first place, and the
:, 80 "a I'D the statements that
the Baltimore q Ohio had been sosofoeo' tnat
an amicable arrangement had been mace. and
that the cable war HAD sseesn settieo.
All of these assertions were In .'rn
denied, but the stock was strong nearly
ali the way out. Manhattan also came into
prominence, with an advance of 6 per cent, on
she old stories of a union with New York
City 81 Northern, and connection with New
England, etc. All these rumors met with de-
NAL, but the stocks continued TO rise. much to
the mystifcation of the street. The opening was
about steady. first prices generally showing only
insignificant changes from the pool prices of
Saturday. The trading was feversh and gener-
ally weak, and New England after advancing
IL lost it ALL and small fraction. but later re-
covered and reached the highest price yet re-
corded for that stock, and the general market re-
sponded with the exception Of the coal stocks.
Western Union then gained the advance. and
the trading in that stock was very large from
that time out The general market then sub
sided, and became quiet, with small and irregu-
lar fluctuations, generally in favor OF
lower prices, but the market finally closed firm
on rally. The business of the day was 589, $50
shares Western Union furnished 137, 900
shares, New England 10O,510, and ST. Paul At
900. majority of the active list is higher to-
night and New England is up So Manhattan
A Western Union 4, Kansas & Texas II. Can
ada Southern II, Louisville & Nashville l, and
the others fractions. Delaware u Hudson is
down II. and few others fractions.
Railroad bonds were active and firm In the
early trading, but later yielded, and final prices
show insignificant changes generally, which are
aboat equally divided between gains and losses
The features of the dealings were the Atlantic
e. Pacific incomes, which furnished $3.50, 600. and
New York City & Northern trust receipts of
which the sales were $500, 900. The total days
GALES wera 81 a95 900 Closing quotations were: