The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-09-28
CONDITION OF THE MARKETS
A Fair Amount of Speculation, Accom-.
panied by Very Depressed Feeling.
Wheat Closes at Lower Figures than Those
Ruling on Saturday. Further Decline
in COrn-Less Activity in Provisions.
MONEY, BONDS AND STOCKS.
a Decrease of Activity in .Stccks-Railway
Bonds Fractionafly Lower.

A Decrease Of Activity in Stccks-Railway
Bonds FractionafIy Lower.
NEW YORK, Sept. 27.-Money call WIS active at
60612 per cent closing at 5 D6 per cent.
Prime mercantile paper 405 per cent.
Sterling exchange was unchanged and weak, at
Saba for sixtyday bills. and 81 8414 for demand
The total sales Of stocks to-day 422, O51
shares, Including the following: Canada Southern.
$500; Delaware Lackawanna & Western, 81, 800;
Delaware & Hudson, 4,17O; Erie, 45,62O; Lake
Shore IL, 600; Louisville & Nashville, 800; Mis-
souri, Kansas & Texas. 21 700; Northwestern, s.
700, New Jersey Central 10 $50; Pacific Mail co.
450; Reading, 46, 1873; st. Paul, %, 200, St. Paul
g. Omaha, 3,43S; Texas & Pacific, AGO; Union
Pacific, 800; Western Union, 32,04O; Wabash
Pacific, $780,
Government bonds were dull and steady.
State bonds were dull and steady.
Stocks showed less activity than the average of last
week, but New York & New England sprung into The
first place in the dealings. its sales being nearly twice
those of any other stock The trading in this stock
overshadowed in interest all the rest of the market.
and the street is considerably puzed for the reason
for the deal. 1t is "on' in Boston well as here.
The generally accepted theory is that the Manhattan
elevated road is seeking control both of it and the
New York City & Northern, but hat the details are
not yet ready for publication. The stock made an
advance of nearly g per cent to-day, part OF which
was lost in the last hour. There was considerable
strength displayed by many of the specalties, which
served TO help the general market materially. There
was con derable selling Of long stock in the morn
ing. but the purchases by foreign houses maintained
a firm undertone until the last hour when combined
and vigorous attack made upon the whole list
The opening was rather heavy, Pacific Mail
Union Pacific and Omaha being down q each,
while the changes in the other active
stocks were for insignificant amounts, and
about equally divided between gains and losses There
was active trading in the early dealings. and the
market was weak especially Jersey Central and West
ern Union but the extraordinary strength in New
England rallied the list after which the market
was comparatively firm until the last hour when the
bears" raded the list, and everything carried
down the lowest prices of the day with the exception
of New England. The market closed weak. The
sales were 422, O51 shares New England aggregated
S6,205; Reading. 40, 1885, Erie, 45 $40; Western
Union, 80, 04o Final prices almost invariably show
material declines, to which New England and Pull
man Palacecar were conspicuous exceptions, the
former showing gain of Gig per cent and the latter
III. Jersey Central lost 2; Western Union. 17s;
Union Pacific, So; Lackawanna 13s Kansas & Tex
as and Lake Shore. each, ID: Erie and st. Paul,
each 1le; c., c., 9. & l., l. and Others fractions.
Railway bonds were less active Sales, 81. 547 O0O
Prices firm in the early part of the day but later
sagsed off in sympathy with the share market. Final
changes are for small fractions generally Closing
quotations