The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-10-31
CONDITION OF THE MARKETS
Wheat Opens Weak, Rules Irregular,
and Finally Closes Strongand Higher.
Corn Quiet aad inactive, The Fluctuations
Being Narrow-0ats in Good Demand and
Lower-Provisions Inactive and Steady.
MONEY. BONDS AND STOCKS.

A Fairly Active Market at New York. Many
shares Beisg Fr.ctionsiiy Higher.
NEW YORK, Oct. 30-Money on call was
easy At 2o2f per cent, the last loan being
made at 2, closing offered at 2 per cent
Prime mercantile paper. 4sa7 per cent
SterE.g exchange was dull but firm OF
81 81 for 60-dsy bills and s4s73 for demand.
The total sales Of stocks to-day wore 1887
shares. including the following: Delaware,
Lackawanna & Western, 1870; Erie, 2,70o;
Lake Shore, 3.sso; Missouri Pacific. 6.535;
Northwestern. l4.5lo; Northern Pacific. pre-
ferred, 400; Trsnscournsntal, a,l00; Reading,
1850; Richmond & West Point, Is. AIS; ST. Paul.
lI,265; Union Pacific, 1880; Western Union.
1850.
The stock market was fairly active to-day.
though the greatest animation WAS in the fore
noon, and it was feverish and irregular With .
general downward tendency In the forenoon,
with q full recovery later in the day, most
stocks this evening being small fractions better
than last night The "bears' we're still In
full control this morning, and New England,
Union Pacific and Reading were the special
points of attack; but while the rest or the list
fympathized with tue weakness shown IN those
stocks the changes In quotations Tor most OF the
stocks traded 10 were for insignificant fractions
only. There was nothing new In New England.
but there was considerable selling from Boston.
The stocks of that center were again weak, and
Union Pacific, Burlington 81 Quincy and New
England yielded from 1 TO Il psr cent. The
Southern stocks were somewhat unsettled BY
rumors Of designations In the Richmond & West
Point and Richmond 81 Danville boards. aud
Terminal preferred lost about . point, but after
wards moved rp again. The strong spot In the
list was Missouri Pacific, which was started
~ 49,. shat Nh GnnIA kaA
obtained control OF Atehison. the
other Gould shares following. aud though
the rumor was Authoritatively denied they re-
tanned their advance. Louisville d Nashville
was also firm 10 strong throughout the day, and
while there was no marked movement In the
stock at any time. it is materially higher this
evening. The attack upon Reading and the
other coal stocks was made upon the expscta-
ton that the roads would como into contact
with the interstate commission, though the
impression made upon them was Of little i'm
p~ortxuce. First prices were generally slight
fractions higher this morning, but the attacks
upon New England, Union Pacific and Reading
were begun Immediately. and on . large bust
ness prices recsded various amounts. extending
TO q little over . point 1t remained quite fever
ish during the forenoon, however. being active
on the declines and frusr when the animation
ceased. while the "bears" forced prices of small
fractions further. The pressure was removed
after IL o'clock, and, while the market drifted
into dullness, material recoveries were estab-
lished all over the list, and as the
afternoon wore along the upward movement
gathered force. while the activity increased.
There was no special feature Of interest, how
ever and the market finally closed. quiet but
steady TO firm, generally at about the beet prices
reached. which were close to the opening figures.
The active list 10 almost invariably small frac-
lions above Last evenings figures. while Missouri
Paeifce rose II aud Louisville 81 Nashville !
per cent
The railroad bond market was somewhat
more active, though the general list showed no
improvement in that respect over the past few
days. The Reading issues were once more the
special features. and the seconds furnished S247,.
600 and the hrsts sl57, 900 to tie days total Of al
696. 900. They were weak IN early trading, but re-
covered latersAnd closed at prices not materially
different from those of last evening. The rest
OF The iss we're quite firm and advances are In q
majority. the most important being Central
Iowa certificates, 2, toS4
Government bonds were dull and steady.
State bonds were entirely neglected. Closing
Nuofatfous uAra.