The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-10-15
THE INDIANAPOLIS NATIONAL BANK
CONDITION OF THE MARKETS.
Heavy Speculative offerings of Wheat
Cause a Slight Decline in Prices.
Corn. and Oats Rule Dull and Easier In Sym
patty with Other Markets-PrOVisions
Dull and LOwer--Flour Quiet.
MONEY, BONDS AND STOCKS.

Deoeks Strong, Closing at Slightly Higher
Figures--Raiiway Bonds Quiet.
NEW YORK, Oct. 14-Money on call was
active at407 per cent, closing at506 per cent.
Prime mercantile paper, 405 per cent.
Sterling exchange was steady and unchanged.
The total stock sales to-day were 424, 7OS shares,
including the following Canada Southern, IL, 100;
Delaware, Lackawanna g Western, 40 440; Del
ware & Hudson, 3,O85; Erie, 5,425; Kansas &
Texas 11,155; Lake Shore, 1896 louisville
e. Nashville, 1880; Michigan Central, 7,4l5;
Manhattan Consolidated, AGO; Missouri Pacific,
9,430; Northwestern, II $50; New Jersey Cen
trail, 1905 Pacific Mail, 10,630; Reading, 49,
SOL; st. Paul, 32,2o3; Union Pacific, 5000;
Western Union, 40,801; Northern Pacific pre-
ferred. 1851; Oregon Il Transcontinental, 5,O25.
Government bonds were dull and better for
the four-and-a-halfs
State bonds were dull and steady.
There was very little news to affect values in
the stock market the further engagement of
$S5O,00O gold for shipment to this country, and
the return Of the strikers of the New York,
Pennsylvania & Ohio being the only items of
special Importance. The market. however, con-
tinued the advance begun yesterday, and before
over last nights figures had been recorded. Lon
don was a buyer early in the day, its special
favorites boine Reading, Lake Shore and North
ern Pacific preferred There was also consider
able foreign buying Of Canadian Pacific. Louis
Vile g. Nashville and Nickel plate. The stories
about the latter again assumed the shape of an
issue OF bonds by the Lake Shore to take up the
indebtedness of the company. The special feat
ure of the day is the marked advance in several
spsoialties, chief among which were Missouri
Pacific, the San Francisco and Manhattan
Elevated The Vanderbilts were favored by the
Lake Shore-Nickel- plate stories, although
New York Central was quiet and steady through
out the day. Western Union was active, but
It's fluctuations were small and It's final changes
Insignificant. New England was bid up in the
morning, but it sagged off later in the day. most
of its final gain being made at the opening. The
Rraneers were comparatively quiet and pre-
weented no feature of interest, which is attrib
uted to lack of telegraphic communication with
Chicago. The general market during the after
noon was rather heavy, but recovered its tone
shortly before the close. The opening was
strong at advances ranging from ! to I. Mis-
souri, Pacific Jersey Central and New England
showed the widest differences There
siderable irregularity in the early trading,
the conspicnously strong stocks being
New England Missouri Pacific, Louis Louis
Mail, while Jersey Central and Western Union
were notceably weak After the first half hour
the market became firm to strong, and SO con-
tinued until nearly noon, whsn a rather heavy
tone prevailed until just previous to the close,
when the list recovered and the close was steady
to firm, close to the best prices of the day.
Sales, 44. S08 shares. Western Union furnished
40,80l; Lackawanna. 40, 40; St Paul, 80, 800.
There were few declines, but they are for in
significant fractions only Manhattan 10 up 81;
Missouri Pacific, q; Lackawanna, Il; Canadian
Pacific IL, and others, ! to5.
Railroad bonds were quiet. Sales, 81, 491 900.
The Detroit Mackinac 6 Marquette frsts rose 2
per cent, to 81; Rio Grande coupon off, 8, to II;
Jersey Central convertibles, 2, to 116i; Illinois
Central fours, 2. to ITO. Closing quotations
were