The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-09-30
CONDITION OF THE MARKETS.
Active Speculation in Wheat, Followed
by a Sharp Break in Prices.
A Fair Amount of Trading in Corn, but Prices
are Lower than for Some Time-Oats
Heavy and Ilower-Proyision Steady.
MONEY, BONDS AND STOCKS.
a "Bullish" Feeling in Stocks, the Wander
bilts Receiving Most Attention.

a "Bullish'' Feeling in Stocks, the Wander.
bilts Receiving Most Attention.
NEW YORK, Sept. F29.-Money call loaned at
5W1o per cent, closing at per cent. asked.
Prime mercantile paper, 495 per cent
Sterling exchange was quiet but steady and un-
changed
The total sales of stocks to-day were 507, 025
shares, Including the following Canada Southern,
27,460; Central Pacific 1885; Delaware, Lackawan-
ma 6 Western, &c. $40; Delaware & Hudson, 4,63O;
Denver & Rio Grandc. 3, 700; Erie, ALSO; Lake
Shore, 33, $40, Louisville Nashville 49, AL, Mchi-
gan Central 6,516; Missouri Kansas 8 Texas, 49,,
493I Missouri Pacific 4. 206; New Jersey Central
10, &c. Northern Pacific, 1910; Pacific Mail, "a
6s2 Reading 56,s24; St Paul, 1920; st. Paul
& Omaha 1878; Texas s. Pacific, 1885, Union
Pacific, 1896; Western Union, 49,45O; Northern
Pseiic, 635; Oregon & Transcontnental $500.
Government bonds were dull but strong.
State bonds were dull and steady.
The New England deal monopolized much less at
tention than for the past week That stock was COM
parativey quiet until late in the afternoon and its
best price was only fractonay higher than that of
yesterday and notwithstanding that its first price
gain for the day is only ls The feeling this morning
decidedly hullish, and the Vanderbilts became
the feature of the trading Canada Southern and Mich
Lake Shore prominent and strong. The move
Inent directly due to the that dividends
would be declared all three of these properties be-
fore the end of the year. and to the impression that
something to this end may be done at the meeting to-
morrow. Western Union also feature; the up
ward movement continued, and received
some help from rumors OF developments favorable
to the gold and stock company. There was renewed
interest in Reading in the afternoon, but the uctua
tions narrow. Kansas Texas continues strong,
but Pacific Mail was weak. Money was manipulated
up to 10 per cent late in the afternoon, which had
effect in depressing values Prices all higher
at the opening advances the final figures of yes
terday ranging from le to Il generally while New
England up lie. There was some hesitation in
the early dealings but the market became strong
led by the Vanderbilts. The upward movement culmn
ated about 1890 by which time the Canada Southern
had gained per cent and others in proportion The
market thereafter fuctuated within comparatively
narrow limits though the general direction of prices
was slightly downward and the market closed rather
heavy. Sales, 507 O52 shares, Reading, Sc, S24;
Western Union, 49,45O Final changes are In the
great majority of instances In favor of higher figures.
Lake Shore shows advance of liz; Omaha, l. and
Tennessee coal and iron, d St. Paul was quoted
dividend of zig per cent
The sales of railroad bonds were 81 567, 900. The
business well distributed. The Atlantic g Pa
cifc incomes prominent for activity their sales
geaehing $14500O. Prices were generally firm in
che morning but the early gains lost later in the
day, and important changes are few. Closing quota
tons were