The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-10-08
CONDITION OF THE MARKETS
Wheat Weak and Very Nervous, and
Prices Reach a Still Lower Range.
Corn FIuctuates Slightly and Closes at
About Wednesdays Figures-0ats Weak
and LoWer-ProvisiOns Close Steady.
MONEY, BONDS AND STOCKS.

The Stock Market Less Active, with Lower
Prices for Nearly Everything.
NEW YORK, Oct Money on call was act
ave at from 81 to IL per cent, closing at per
cent asked.
Prime mercantile paper, 405 per cent
Sterling exchange was quiet but steady at
81 s14 for sixty-day bills and S. s44 for demand.
The total sales of stocks to-day were AGA, 499
shares, including the following: Canada South
ern, 13, no. Delaware. Lackawanna & Western,
9000 Erie, 14,470; Kansas & Texas, $40;
Lake Shore, 81, 100; Louisville & Nashville,
9470 Michigan Central, 3.5l6; Missouri Pa
cifc, $3.50; New Jersey Central, $3.50; Pacific
Mail, 5000; Reading. 152. go; st. Paul, 15,900
ST. Paul & Omaha, 1910; Union Pacific. $780,
Western Union, 31,178; Northern Pacific pre-
ferred 4,555; Oregon q Transcontnensa i $500.
Government bonds were dull and easier.
State bonds were dull and firm.
The stock market showed much less actiyitv
than on any other day so far this week, and with
the exception of the frat hour, was free from ex-
element Soon after the opening the situation
at Chicago in regard to the proposed return to
the ten hour system created an unfavorable feel
ing in the Vanderbilts and the graugers, the
former yielding materially. The prospects of a
pool in the Northwest were not regarded as ia
vorable, and this, also, helped the early decline.
Later, however, the admission by President
Watrous that representatives of several of the
New England roads and himself were to meet
and discuss proposals for union of interests
checked the decline in New England, and the
heavy buying of Beading helped to cause an up
ward reaction. The deal in New England oc-
c6rled much less attention than on any previous
aS FOR over week. ana aDsn ,ss
to IL per cent The improved feeling lasted I'M
til near the close, when realizations again
sagged the market off, helped materially by the
bidding up of money. The opening was strong,
and first prices were from to above last even
ing's final figures. New England however,
Prices were feverish and irregular, but generally
firm. They soon gave way, however, under the
lead of Western Union and the Vanderbilts.
Toward noon the decline was checked and a
general advance ensued, which was marked by
special strength in Minneapolis & St Louis and
Nicke-plate. Reading also became extremely
active and strong, but just previous to
the close, the market declined and
closed weak The sales were 46l 1913
shares Reading furnished 1920; New
England, SO, $780, and Western Union and Laka
Shore each, shade 3l.100. A or rna.
iority of the active list shows material lilies,
and advances are few in number and for frsSc-
tions only, excepting Reading and Tennessee
Coal each of which is up l per cent On the
other hand Canada Southern is down Il; Mchi-
gan Central and Omaha, each, Ii, and Lake
Shore, /.
Railroad bonds were less active. The sales
wsre ST. GIL 000 The general list was compare
lively firm throughout the day, and without spe
cial features. Final prices generally show nd
vances. St. Paul consols rose 2, to 1872 Utah
Southern extension firsts 2, to a. New York
City & Northern Trust receipts declined 2 to 20
Norfolk & Western general mortgage, %, &c
1l25: and Peoria. Decatur d Evansville incomes
81, TO TO- Closing quotations We're: