The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-10-06
CONDITION OF THE MARKETS
The Heavy Feeling in Wheat Continues
and Prices Touch Lower Figures.
EOrn Also Declines and Closes Heavy-Pro-
visions Sympathize with the General
List and Show Downward Tendency.
MONEY. BONDS ANp sTocKs.

Another Exciting Day in Stocks, with Higher
Prices for Majority of the List.
New YORK, Oct. 5.-Money on call was active
Al SD 10 per cent, closing at per cent. asked.
Prime mercantile paper, 405 per cent.
Sterling exchange was quiet, but steady and
unchanged.
The total sales Of stocks to-day were 724 682
shares, including the following: Canada South
ern, A., 235; Delaware Lackawanna & Western,
2930O Delaware & Hudson, 4O64 Erie 240O5
Kansas & Texas, 44,6OO Lake Shore, 4O,575
Louisville & Nashville, 40, 885: Michigan Cen
trail, 10097 Manhattan Consolidated, 4, 447 Mis-
souri, Pacific, 90, 286; Northwestern, 7,120; New
Jersey Central 10, 100; New York Central, 6,015
Pacific Mail, Ii. $50; Reading GO, $40; ST. Paul,
45 45O ST. Paul & Omaha, $3.50; Union Pacific,
49, 1870; Western Union, GA, 798: Northern Pacific
preferred, 1885, Oregon 81 Unconstitutional,
4,925,
Government bonds were dull and unsettled.
State bonds were quiet and steady.
The dealings in stocks were the largest for q
long time, and the trading for the first hour has
seldom, if ever, been exceeded 1t was over
cne-thlrd the total days business. The feeling
was more bulish this morning London be-
came heavy purchaser OF all the specialties,
and prices advanced all over the list, though
subject to frequent set-backs. Heavy realizing
In New England and Western Union was the
feature of the morning trading, the former
dropping per cent. in very short time, and in
the afternoon it yielded 2 per cent. further,
which was recovered at the close The realiza-
tons brought out a great deal of stock, and
those who were still long" came to the rescue
In the afternoon, and rallied the stock. The de-
cline In Western Union seems to be the natural
reaction from the sharp advance Of the stock
during the few past days. Louisville q Nash
Vile and Missouri Pacific became the leaders in
the afternoon The Gould properties spe-
cially strong, and in the case of Missouri Pacific
there was rumor of valuable right
to be given to the stockholders in
stock dividend. The talk of dividends
In the Vanderbilts was again revived, and
Canada Southern became active and very strong
in the afternoon. There were vague rumors cir
culated about something favorable to be made
public soon. and Canada Southern and Michigan
reactions, the trading being very feverish
throughout the day. and the market closed
barely firm on rally. The opening was very
strong, first prices showing advances of to !,
the latter in Union Pacific There was much
irregularity in the first hour, but the general
market was strong, and New England and
Western Union weak. Canada Southern and
Union Pacific then became prominent for
strength and activity, and from the first thirty
minutes the course Of prices In the general list
was upward. though subject to frequent reac-
sons. The extraordinary activity continued un-
1il the close. although the last hour was less ex
cited and feverish than any previous time of the
day. The total sales were 724, 682 shares;
New England contributed 5000 shares, and
Western Union and Reading Ga, 1913 and 63,370
New England is down 80. and Pacific Mail and
Western Union each 1, while Canada Southern
is up 81, Missouri Pacific B, Manhattan %. Wa
bash preferred q, Jersey Central Ii, Delaware
& Hudson II, and others smaller amounts
Railroad boLds were more active, and sympa-
thized withthe trading in shares very closely until
theafternoon when they gave way slightly The
feature was New York City & Northern bonds,
which opened at I'll, rose to73a, and closed at r.
with sales of S467 000 The only other active is
sue WAS Atlantic e Pacific incomes.yin which the
trading was 1851, 600. The days business was
81, O97, 600, and final prices show irregular
nhanras Closing nnotationa Nara,