The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-10-14
CONDITION OF THE MARKETS.
AVariety Of Rumors Cause Many Small
Fluctuations in Prices Of Wheat.
Provisions Firm and Higher, Pork Advancing
Twenty-Five Cents-Corn Advances, but
the Rise Is Not Maintained to the Close.
MONEY, BONDS AND STOCKS.

Increased Activity in Stocks-Decided Adj
vance in Manhattan Elevated.
NEW YORK, Oct 13.-On.call, money was
active at 207 per cent, closing at asked.
Prime mercantile paper, 405 per cent
Sterling exchange was weak and unsettled;
actual rates 4sOs for sixty-day bills, and S344
for demand
The total stock sales to-day we're 524, 794 shares,
including the following: Canada Southern, a. 755;
Delaware, Lackawanna g. Western, 1920; Del
ware & Hudson, 4,3O8; Erie, 1870; Kansas &
Texas, 81 600; Lake Shore, 29426; Louisville
e Nashville, 4,005; Michigan Central, 8,325;
Manhattan Consolidated 6,225; Missouri Pacific,
4,525; Northwestern. "a, 535; New Jersey Cen
trial, 1880; New York Central 3112 Ohio 6
Mississippi 6. $50: Pacific Mail Sc, Cos; Reading,
1920; Union Pacific, 1920; Western Union,
% $780, Northern Pacific preferred, 4,418.
Government bonds were dull and steady.
State bonds were dull but strong.
The temper of stock speculation underwent
sudden change to-day, and instead of the hest
fancy and caution lately displayed, there was
rush to buy for both sides of the account The
first great cause of this was the change of front
CT the Chicago people, and the news coming
from that direction was all of favorable char
acter, which induced free buying of the gran9ers
from ell directions London was buyer all day
long. its special favortes being Lake Shore. st.
Paul and Louisville & Nashville. The entire
list participated in the upward movement,
which, however, was subject to frequent reac-
tions; but the buying in the last hour was heav-
Ter than at any previous time during the day.
St. Paul became the favorite, being bought by
both London and Chicago. Pacific Mail made
handsome advance on the statements made show
Ing the state of the company's affairs The
official announcement of the new right on Mis-
souri, Pacific was made to-day. which helped the
stock materially
The great feature of the days transactions,
however, was the sudden advance in Manhattan
Elevated in the last hour, from 149a to 1904. The
buying was done by specialists and was accom-
panied by rumor that the Manhattan people
had secured control of the New England. Nickel
Plate stocks were again very active and strong,
with the usual story of a settlement with the
Lake Shore. The Vanderbilts were all more
active and strong.
The money market ruled easier, and further
drop in sterling exchange rates occurred, which
had a favorable effect upon prices. The opening
was strong and active, advances ranging from J
to Z, Lake Shore. New York Central and Omaha
showing the greatest advances. The trad
ing In the morning hours was active,
and prices advanced almost without a
reaction until noon, when Lake Shore
Pacific Mail, Canada Southern, st. Paul. Michi-
gan Central and Nickel Plate had made conspic-
uous gains. A somewhat less active and fever
Ash market succeeded until the last hour, when
the general rise was resumed, with Manhattan
rs the chief feature There was no stay to the
rise until the close, which was active and strong
Rt the best prices Of the day. Sales, 524, 794
shares. st. Paul contributed 99,255; Pacific
Mail, 38,605; Lackawanna, 32,220 Western
Union, Lake Shore, Reading, New England, and
Northwestern came in the order named. Not a
Jingle active stock shows decline tonight. and
the gains range from TO 81 on the general list,
while Manhattan is up IL per cent. Other nota-
BILE advances are Michigan Central. q; North
western, "a st. Paul and Nickel Plate, preferred
% each, and others smaller amounts; the great
majority were per cent
Railroad bonds were without special feature;
sales, 81 744. 900. Atlantic & Pacific incomes
furnished $240. 900; Erie funded fves, $l94, 600,
and Indiana, Bloomington & Western incomes,
$3.50, 900. Prices firm, especially in the
afternoon. and final changes are almost invari-
ably in favor of higher prices. Missouri Pacific
consols are up 20, at H. Shenandoah W..
Arsts; at IS. and the general .xes, 81 at So;
Toledo reoria q y. .stern trust receipts, S, at
lsh9: W.~pasn convertibles. 3, at 90. Closing
quotations were: