The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-10-11
THE INDIANAPOLIS NATIONAL BANK
Designated United States Depository
Corner Room Odd-fellows' Hall
THBo. P. HAUeHEY Prest H. LATHAM. CASH
CONDITION OF THE MARKETS
Wheat Heavy, with the Lowest Prices
Yet Reached on the Present Crop.
Corn Experiences Another Decline and Touches
the Lowest Figures Known for Many
Years-Proyisions Very Irregular.
MONEY, BONDS AND sToCKs.

Stock Operators Waiting Developments-
Railway Bonds Unusually Quiet
NEW YORK Oct 9.-Money on call was quieter at
507 per cent. closing at asked.
Prime mercantile paper, 465 per cent.
Sterling exchange steady and unchanged.
The total sales of stocks to-day 331, 651
shares, ircluding the following Canada Southern,
g. 876: Delaware, Lackawanna & Western, $50;
Erie, 7,o10 Lake Shore, 5000; Louisville s. Nash
vile, 5,845; Michigan Central 5000; Missouri,
Kansas & Texas. $3.50; New Jersey Central, 700;
Pacific Mail o. 14o Reading, n, 400; ST. Paul, To-
600; Western Union Al 500.
Government bonds were dull and weak.
State bonds were dull and steady.
New England stock noticeable, in the early
morning for the unusual decline at which it opened
and its wild fluctuations in the first fifteen minutes.
These generally attributed to disappointment at
the proceedings of the meeting yesterday afternoon
Later it settled down with the remainder of the list
The great majority of the transactions of the morning
were confined to New England Reading and Western
Union, and in the afternoon Pacific Mail attracted
considerable attention. and under great pressure to
sell, declined materially. There rumors of a
hitch in the Reading reorganization during the after
noon and the stock declined under heavy sales The
market shows evidence that operators again await
ing Developments and fluctuations to-day, except in
the three weak stocks of the afternoon confined
within a range of per cent gener-
ally Western Union was very prominent
in the trading. but remained comparatively steady
throughout the day. The grangers and trunk lines
quiet The opening prices showed irregular
changes differences being generally from le to So,
while New England was down per cent. The prin.
eipal activity in the morning was in New England,
Reading and Western Union, and the former, after
several violent fluctuations which left it about per
cent below the opening price, and having, in the
meantime, touched both it's highest and lowest
points for the day. became heavy to weak,
and Reading sympathized to certain extent.
The remainder of the list generally firm until to-
ward noon when it sagged off, Pacific Mail at this
time, became decidedly weak, and continued until
near the close at which time a general rally look
place. The market closed barely firm close to the
lowest of the day. Almost everything is lower to-
night. New England being down 5ss Pacific Mail, 2;
Hooking Valley 13s and others. fractional amounts.
The business for the week 1905 3O5 shares,
against 2, 532, COG for the previous week.
There the usual quiet business in railroad bonds
the special features of which the Atlantic & Pa
cifc incomes. which furnished $65OOOO, and the
Texas Pacific Rios trust receipts, the sales of which
were $165, 900 out of total days business of 81,
100000. Prices followed the course of the share
market Closing prices show irregular changes. Sales
for the week. 81, 77S O00 against $40 O94 600 for
the previous week. Closing quotations were: