The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-10-23
THE INDIANAPOLIS NATIONAL BANK
Designated United States Depository.
Corner Room Odd-ferows' Hal
HBEo. P HAUGHEY. Prest 81. LATaAN. Cash
CONDITION OF THE MARKETS,
Wheat Opens with a Firm Feeling, and
Later in the Day Becomes Buoyant,
c1Osing at an Advance of Two Cents Over the
Figures of Thursday-Tncreased Activity
and More Strength in Provisions.
MONEY, BONDS AND STOCKS.

Stocks Strong, Closing Quiet and Steady
Railway Bonds Active and Lower.
NEW YORK, Oct 22-Money on call was
Dasier, ranging from to per cent, and
losing offered at 2 per cent.
Prime mercantile paper 405 per cent.
Foreign exchange was duh and unsettled
actual business, $4S0D4 802 for sixty-day bills,
and g. 831 a. "a for demand.
The total sales of stocks to-day were 3S9, 765
shares, including the following: Canada South
ORD, 1850; Delaware, Lackawanna & Western,
27,2O0; Erie. $3.50; Lake Shore, rs, 4s5; Louis
vile & Nashville, IA, AGO; Manhattan Consoli
dated, Abs; Northwestern, 500; Jersey Cen
trail, $685. Northern Pacific, 100; Pacific Mail.
B,435; Reading. IS, ITO: ST. Paul, 2S.S00; St.
Paul & Omaha, 5,4OO; Western Union, % S35;
Northern Pacific preferred, 6,1S0; Oregon g.
Transeontinental, IL. $50.
Government bonds were dull and steady to
weak.
State bonds were dull AMI steady.
Stocks showed more strength in the morning
Ehore, Louisville & Nashville and Reading by
houses with London connections. The improve
ment continued until well into the Afternoon,
when a combined attack was made upon the
Boal stocks, Canada Southern and Texas Pacific,
Dnd the gains of the morning were entirely
wiped out Jersey Central was again the
bpeoal feature. The Northern Pacfcs were
noticeably firm In the face of the general weak
ness, upon the prospect of an adjustment of the
difficulties between the different companies
Western Union was also notceaby firm on good
buying The room trajers were prominent In
the hammering process to which Jersey Central
was subjected in the afternoon, although other
stocks suffered equally as heavy The
market opened higher in sympathy with Lon
don prices, showing advances OF to s. Prices
rose without much interruption until Ire neigh
borhood of o'clock, when an increase In the
amount Of business done was noticed, accom-
panied by decided weakness of the entire list.
Prices were carried down below the opening fig
uEes before o'clock, and fractional rally sue
seeded. bringing final prices small fractions
above the lowest of the day, the market closing
quiet and steady. Money ruled easier, the
shares: Jersey Central SO, $50, and Reading
35,770, followed by ST. Paul, Lackawanna 81
Western Union Everything on the active list
is lower tonight, except Lake Shore, which
shows q gain of !. Nickel-plate preferred is
down Ii; Jersey Central, Ii; Oregon Navigation
and Texas Pacific l each, and Canada Southern,
1S
Railroad bonds were active Sales. So. LAT, 900.
Atlantic g Pacific incomes contributed $277. 600;
Kansas q Texas sevens, 500, 00O aud the SKIES,
&l92, 000 Virginia Midland incomes were no.
ticeably active and strong upon funding of this
issue into bond guaranteed by the Richmond
& Danville company. Prices were firm in the
morning, but gave way later, and final prices
show irregular changes, though declines are in a
majority Lehigh & Wilkesbarre assented are
down per cent, at LOG; Texas Pacific income
trust receipts, 81 at 54s; the Rio Grande trust
receipts, 24. at 70; Denver & Rio Grande West
ern 6rsts rose 81. to 794: Detroit, Mackinac &
Marquette land grants. q, to 454; Union Pacific
collateral trust s,xes. 2t. to 1911, and Virginia
Midland incomes, 8. to 90. Closing quotations
were: