The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-10-20
CONDITION OF THE R K
Wheat Dull and Quiet, with Semi-0cca-
siOnal SpurtS Of Mild Activity.
Moderate Trading in Corn. Accompanied BY
Very Steady Feeling-0ats Quiet but Firm
Provisions Active at Higher Prices.
MONEY, BONDS AND STOCKS.

Large Business at New York, Accompanied
by Considerable Excitement.
NEW YORK, Oct 19.-Money on call was
easy at 2a2i per cent, the last loan being
made at 2 per cent, closing offered at 2 per
cent
Prime mercantile paper. 43o6i per cent.
Sterling exchange was dull but steady to firm at
"a "a FOR sixty-dsy bills and SASS for demand.
The sales of the day aggregated 369, 702 shares,
including the following: Delaware. Lackawanns
6 Western. $500; Lake Shore, 1885,; Missouri
Pacific, Pitt; Northwestern. $3.50; Northern
Pacific preferred, "A, 753; New ENGLAND, 5.460;
Oregon Transcontinsntsl. Il, 200; Reading. H.
$50; Richmond g. West Point. %. 26s; ST. Paul.
1850; Union Pacific. l3l. 44O; Western Union,
$50.
The transactions in the stock market to-day
were larger than for many days. and were at
tended by considerable excitement, especially In
the afternoon, when prices gave way and rapidly
declined in most OF The active shares. The feel
ing 10 the forenoon Was almost entirely bul.:sh,
though the traders were selling, even NJ that
time, but the buying was good aud thsre seemed
10 be a wider interest To the speculation. Later,
however. Atcbison declined rapidly, and Q drive
was made at the Gould stocks. Missouri Pacific
In particular. while the news of the 81, 900, 600
failure IN Chicago cana 10 to unsettle CONN.,
bence and the bears were DOt slow
10 take advantage OF the favorable com Animation.
Stop orders were reached all over the active list,
and prices declined rapidly, carrying even the
strong stocks OF the forenoon with them, and at
the close almost oil the early gains had been
wiped out Union Pacific was again the great
feature Of the market, and during the forenoon
was very strong on q still larger business than
has been scored on any previous day. The buy
ing which has been 50 persistent In the stock is
still a mystery TO the street, and to-day many
s-Anonrrol ra.4 zora rpanftarAl - thu nrnhahla
purchasers, while the friends OF the stock were
propbesying an early dividend. The
Northern Pacific group next loomed MP Into
prominence, aud the Northern Pacific preferred
and Oregon Transcontineuial both made hand
some gains. a sudden aud radical change came
over tbs temper of the speculation, however,
and Atehison and Missouri Pacific led, while all
the Boston favorites were specially weak. Nor
weak on a light business; the strong stocks all
Joined the procession, and before the close
Union Pacific had bsen depressed nearly l Der
cent below the closing price OF last evening
First prices were from to / above last nights
figures, and under the lead OF Union Pacihc the
market rapidly advanced, the gains in the
leaders extending TO Il pee cent.
The advance stopped about noon.
and after that time there was . slow
decline In the general list, while Missouri Pa.
cihc. Richmond 81 West Point preferred and
Rock Island lost heavily. Atchlson made an
other dip and the whole market soon became
demoralIzei }, aud In the last hour Union Pacific
became q feature IN the decline. The market
showed no change, and the close was active and
weak at the lowest prices of the day. Tho active
list 10 almost invariably lower, and Atchison
lost q; Missouri Pacific, q; Norfolk s. Western
Point preferred. Il, Chicago, Burlington d
Quincy, II; Oregon Short-line, / per cent, and
others fractional amounts.
The railroad bond market was quiet, though
the Reading issues were again prominent for
activity. The sales of all issues reached 81. l51,
n - = A4N Aa- oAa0nda I'm
nishsd SIS GOO, aud the thirds sl30, 900. The
market followed the share list very closely, be-
ing firm IN the forenoon. but il weakened later,
aud the gains are 10 q majority this evening.
Important changes in quotations. however, are
few in number. The losses include Gulf. Col
orsdo & Santa Fs seconds, Il at 90, and Iron
Mountain fvss. 2 at s7}.
Government bonds were dull, but steady to
arm.
limitations WOsA.