The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-10-16
CONDITION OF THE r K
Corn Fairly Active, with Weak Feeling and
Lower Prices-0ats Weak and Lowpr-PrO-
visions in Light Demand and Irregular.
MONEY, BONDS AND STOCKS.

A Dull and Weak Market In New York, Clos
ing at the Lowest Prices of the Day.
NEW YORK, Oct 15.-Money on call was
easy At 202i per cent, the last loan being made
at a per cent, closing offered at "a per cent
Prime mercantile paper. Il 06i per cent.
Sterling exchange was dull but steady at
a. So for ~sixry-day bills and s4.S7} for demand.
The sales of stocks to-day were l42. l75 shares,
including the following: Lake Shore. $3.50;
Missouri Pacific, Alto; Northern Pacific pre-
ferred, $3.50; New England, l4,s74; Reading,
1890; Richmond g. West Point, 5000; St
Paul. 32.2S4; Union Pacific. 1870; Western Un-
Ion, 1000.
The stock market was duh and weak today,
the rallies being slight and OF short duration,
while the movements in the list. except in . few
leading stocks. were small and generally unim-
portant The pressure was principally against
the grangers, which were sold on the gloomy
views Of the situation taken by the vice-presi-
dent of the Northwestern road. which induced
the clears. aud traders who have again got over
to the side of lower figures. to make . drive at
those stocks, although there was some
selling for the foreigners and some
'long" stocks was thrown over by small
holders who have grown tired OF carrying their
load. The dealings, however. were almost en-
tirely professional, the disposition to operate be-
ing very small among the more influential OF
SPECTATORS. Among the active list, however.
Lackawanna, New ENGLAND and Missouri Pacific
showed marked weakness at times, and Oil are
materially lower this evening on Q very moder-
ate business. the continued weakness In Atehi-
son WAS not without its effect IN creating q dis
~trustful feeling. A few specialties, among
which Oregon Short-line and Sc Paul 81 Duluth
were strong, and also Cotton Oil, were still more
- - ill.,. 80 eh. ~raA And
reached higher figures than for many months
The opening figures were from 4 70 / per cent be
low the closing prices OF Saturday, and the market
began to decline immediately, while there was
no animation whatever In the regular list out
side of st Paul and New England. the former
resumine its old place as leader OF the market
ia point OF activity. Cotton Oil was again
active and strong, but it had little or no effect
upon the rest of the stocks traded in. Extreme
dullness marked the trading after the first hour,
and Atchison and BURLINGTON 81 Quincy became
features on account OF their marked weakness.
The amount OF business done continued TO show
4 decrease until toward delivery hour,
when the list displayed some strength. though
the advantage was lost in the last hour, and the
market closed dull and weak at or near the low
est prices Of the day. The active list Is
almost invariably lower this evening, and Atchi-
son Lost 81, Burlington & Quincy, II. Missouri
Pacific, New England, and 81. Paul, Ii each.
Northern Pacific preferred and Lsckawanna. IL
each, and r shmond& West Point. j per cent.
The rsilroatl ,ond market was quiet to-day.
with a generally steady to irm tone and a we'll
distributed business. There was no special activ-
ity except in ST. Louis. Arkansas s. Texas
frsts, which furnished sl39. 600 to the days
total OF 81. $4,000 The final changes are irreR-
ular, but advances are IN a majority, and the
principal gain was in Great Western hrsts. %,
20 ll33. The declines include Milwaukee Lake
Shore Hrsts. 8, TO 112
Government bonds were dull and heavy.
State bonds were entirely neglected. Closing