The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-09-18
CONDITION OF THE MARKETS
Active Trading in Wheat at Prices Be-
low Those Prevailing on Thursday.
Corn Weak and Lower Under Free Speculat-
I've Offerings-POrk, After Many FIuctua-
tiOns, Closes Tame and Slightly Lower.
MONEY, BONDS AND STOCKS.

Enormous Business in Reading and an Ad-
vance in Nearly All Stocks.
NEW YORK, Sept. 1z-Money on call was
easy at 405a per cent, closing at 5.
Prime mercantile paper, 405 per cent.
Sterling exchange was quiet, but steady, at
a. s34 for sixty day bills and 81 s4s for demand
The total sales of stocks to-day were 443, 394
shares, including the following: Canada South
ern, LOGS; Delaware, Lackawana & Western,
q, $40; Delaware & Hudson 4l10 Erie. TO- 76O
Lake Shore, 1920; Louisville s. Nashville. o.
1885, Michigan Central, 1850; Missouri. Kansas e
Texas, 1926 Missouri Pacific, 8470 North
western, IL. 100; New Jersey Central, 1887; New
York Central 4,37O; Pacific Mail, $3.50; Peoria,
Decatur 6 Evansville, 5,040; Reading, 1l3, 939;
ST. Paul, "a, 140; ST. Paul s. Omaha, 3,75O;
Union Pacific, 2O,3l5; Western Union, 44,341;
Northern Pacific. preferred, II, 1888; Oregon &
Transcontinental, 16, 300.
Government bonds were dull but strong.
State bonds were dull but steady.
Reading stocks again engaged the largest
amount of attention, the sales being nearly one
third of the entire amount dealt in, and it was
the most active day at the Stock Exchange for
many weeks. Its net advance, considering the
phenomenal. The buying began at the opening,
and every story that has ever been circulated in
= regard to Reading was trotted out and again
made to do duty, but. It was reported in the
afternoon and received some credence, that the
difficulties had positively been adjusted and the
sales the last TWO hours were enormous Trad
ing in the remainder of the list was active, and,
in the general good feeling, advances
were established .s 10 everytnane except except
& Transcontinental, Pacific MAIL and Peoria,
Decatur g. Evansville. Western Union
was the leading feature outside of Reading, and
1t advanced materially during the day. The
grangers. with the exception of st. Paul and the
Vanderbilts, were comparatively quiet, but all
participated in the advance There was some
u London buying Of Union Pacific and the San
Francisco shares, and the action of the Northern
Pacific IN oustinx the Oregon & Transcontinental
people from its directory, and the resolution to
build its own branch lines, continued to have an
adverse influence on these stocks, and they re-
corded material decline in the face of an ad-
Vancing market The upward movement to day,
while rapid, was subject to TWO or three separate
set backs and the market finally closed on a re-
action rather heavy, but close to the best prices
reached. The opening firm, first prices, IN
a majority OF cases, being from ] to above
the final figures of last evening A
well-distributed business followed, but prices
were sluggish until toward the end of the first
hour. after which they advanced smartly. A re-
action just alter noon occurred but the ad
vance was soon resumed, and about o'clock the
best prices of the day were reached, after which
realizations carried everything but Reading back
small fraction and the market closed heavy.
Sales, 443, 854 shares; Reading furnished 49, 93s
shares, Western Union, A. All. and ST. Paul "a,
lao shares, followed by Lockawanna, Union Pa
ei6c. Lake Shore, Oregon g. Transcontinental
Canada Southern, Northwestern, Northern Pa
ci6c preferred, Erie and Kansas s Texsas in the
order named. Canada Southern is up II. San
Francisco preferred Is: Reading. 4, and others
fractional amounts. Oregon g. Transcontinenta
is down Is, and Northern Pacific preferred, 5.
Railroad bonds participated in tho increased
Grading, but did not sympathize to any extent
900. Important advances are few in number.
Atlantic e. Pacific incomes were the only special
ty. their sales amounting to 10000 Closing
quotations were: