The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-10-27
CONDITION OF THE MARKETS
Wheat Rules Weak and Lower, the Re-
suit of Unusually Heavy Offerings.
Corn in Good Shipping Demand, but Quiet in
Speculative Way--0ats Slow and Lower
Provisions Steady and Slightly Higher.
MONEY, BONDS AND STOCKS.
Prices Continue to Slowly Decline, and the
Volume of Business Grows Smaller.

Prices Continue to Slowly Decline, and the
Volume of Business Grows Smaller.
NEW YORK, Oct 26--Money on call was
active at Al to per cent. closing at asked.
Prime mercantile paper, 405 per cent
Sterling exchange was dull but steady at
$4s03 for sixtyday bills and $4.S4 for demand.
The total sales of stocks to-day were 315, 215
shares. including the following: Canada South
ern, 9,s15; Delaware, Lackawanna & Western,
800c Erie, Il. 315; Kansas & Texas, $3.50; Lake
Shore, 10, 30I; Louisville & Nashville. 35, lS5;
New Jersey Central, $500; Pacific Mail, 1880;
Reading, SO. $40; ST. Paul 81 100; Texas Pacific,
$780, Union Pacific 2l,630; Western Union, H.
875; Northern Pacific preferred. 1920; Oregon
81 Transc0ntinental. 4,515
Government bonds were dull and steady.
State bonds were dull and steady.
The stock market, until the last hour, pre-
scented the same general features that it has for
several days past, four five stocks mouopollz-
ing the great majority Of the trading, and prices
slowly saeging off upon limited business and
narrow fluctuations. Jersey Central was again
feature of the trading, and was strong almost
all the way up The other coal stocks were
quiet, with the exception of Reading, which be-
came one Of the leaders in tho last hour, both
for strength and activity. Louisville & Nash
vile was remarkably strong and active all day,
principally upon buying by London, which also
traded to some extent in Northern Pacific pre-
ferred. Among the grangers, St Paul was the
only one showing any life. but it followed the
general market Union Pacific was the special
object of attack by the ''bears," and it
broke Il per cent 10 the morning, but In the aft
erpoon's rise the loss entirely recovered.
The special feature OF the trading toward the
end of the day was the extraordinary advance
and activity in Nashville, Chattanooga q St.
Louis, which gained over per cent The open
ing was firm to strong, first prices showing ad
vances over the closing figures of last evening
ranging from to !, generally, while New Eng
land and Union Pacific were each up The
trading waa quiet, the only features being the
weakness in Union Pacific and the strength in
Jersey Central and Louisville & Nashville The
general market was heavy and dull, and so con-
tinued until the afternoon, when break
Cured in Pacific Mail There was then some
Improvement in prices, which, in the last
hour, became a decided upward movement over
the whole list and the early losses were reganed
in almost every case. The market closed strong
at or near the best figures of the day. Sales.
S15,2l5 shares; ST. Paul, 81, 100 Louisville &
Nashville. IS. 100; Reanine. SO 500: Jersey Cen
trail rs, 400; Union Pacific, 81, 800. Final prices
show advances for nearly everything on the
active list. Louisville q Nashville is up q:
Canada Southern II; Nickel plate, preferred,
IL; Michigan Central, Il, and Lackawanna and
Jersey Central. II each.
Railroad bonds were quiet Sales. 81 474, 900.
West Shore fours contributed $245. 900: Kansas
& Texas skies, $222, 000 Houston s. Texas sec
oDds are up :, at Sc; Peoria. Decatur e Evans
vile hrsts 2 at lis; Hannibal & St 10 consols
are GOWN 2, at 12l, and Lake Erie & Western
income tours sold at go Closing quotations
were
Thres mar cent honds1oO iron;sv;lla nsbv;Ila 57lo