The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-10-10
CONDITION OF THE MARKETS
Wheat Heavy, with the Lowest Prices
Yet Reached on the Present Crop.
Experiences Another Decline and Touches
the Lowest Figures Known for Many
Years-Provisi0ns Very Irregular.
MONEY, BONDS AND STOCKS.

stock Operators Waiting Developments
Railway Bonds Unusually Quiet.
NEW YORK. Oct 9.-Money on call was quieter, at
sal per cent. closing at asked
Prime mercantile paper 405 per cent.
Sterling exchange was steady and unchanged.
The total sales of stocks to-day were 1851
shares, il GLIDING the following: Canada Southern,
1915: Delaware, Lackawanna s. Western, $3.50;
Erie 7,O1O; Lake Shore, 8, 200; Louisville g Nash
vile, 5,845; Michigan Central. 5000; Missouri,
Kansas & Texas, $3.50; New Jersey Central, 400;
Pacific Mail, 90 14o Reading, ~ 400; ST. Paul, To-
900; Western Union, Al 500.
Government bonds were dull and weak.
State bonds were dull and steady.
New England stock was noticeable in the early
morning, for the unusual decline at which 1t 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 were rumors of
bitch 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
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 q to Sc.
while New England was down per cent. The prin-
Dipal activity in the morning 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 Say, became heavy to weak,
and Reading syrspatni2ed to certain extent.
The remainder of the fist generally firm until to-
ward noon, when it sagged off Pacific Mail. at this
time became decidedly weak, and SO continued until
near the Close at which time general rally took
place. The market closed barely firm, close to the
lowest Of the day. Almost everything $ lower To-
night New England being down B So; Pacific Mall q
Hooking Valley, 49, and others, fractional amounts
The business for the week was 3.O95, 800 shares,
against q 532 COG for the previous week.
There was the usual quiet business in railroad bonds
the special features of which were the Atlantic q Pa
cifc incomes which furnished $780, 600. and the
Texas Pacific Rios trust receipts the sales of which
were S165 600 out of total days business of 81
79O 900. Prices followed the course of the share
market. Closing prices show irregular changes Sales
Cor the week. $11 IT'S 000 against g. o. 094 600 for
Che previous week Closing quotations were: