The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-09-21
CONDITION OF THE B K
Active Trading in Wheat, Accompanied
by Weakness and q Decline in Prices.
Moderate Speculative Trading in Corn Within
Narrow Range-0ats Dull and Heavy
Provisions Active but Unsettled.
MONEY, BONDS AND STOCKS:

A Decrease OF Activity At New York, Accom-
panied by Generally Lower Prices.
NEW YORK, Sept 20.-Mopey on call was
easy at 2a22 per cent, closing offered at per
cent
Prime mercantile paper, 81 ~ per cent.
Sterling exchange was active bat weak and
unsettled at s4.s4i for sixty-day bills, and 81 sss
for demand.
The total sales of stocks today were 4o1. ,164
shares, including the following: Canada South
err, 4,2l0; Delaware. L~ackawanna e. Western.
24.6OO; Erie. 1890, Hooking Valley. 3,44O; Lake
Shore, q. 005; Michigan Central, 4,30l; Missouri
Pacific, $500; Northwestern, %, 265; New Jersey
Central, 1900; Northern Pacific preferred, IL, 1873;
Oregon Transcontinentsl. 7,755; Reading. 1920;
81 Paul, IA. go: Union Pacific. 1900; Western
Union, q 4S2.
The stock market was much less active and a
great deal unsettled to-day, and. while stroDg in
the forenoon, was weak later in the day. and
most Of the list this evening are lower than last
evening. 4 dispatch confirming the story that
the foreign stockholders of St Paul were to Gre
ate q voting trust wac published. and ]. S. Nor
gan s. Co. are named as the trustees, but this,
in the face of the heavy selling of speculative
~ 1N4 NV 60Ae s1S e1J
TO any great extent. and the decision Of the In
tersgafe Commissioners. with the re-
port OF a reduction OF wages on the Burlington
4 Quincy and the expectation of another strike
on that road, were influences which overnatched
the good Jews, and the grangers were specially
weak throughout most of the day. Rock Island
was sold down on q renewal OF the
JUNIORS OF q reduction or the dividend
q: the next meeting. The VAnderollts.
however, were the strong feature of the day,
Michigan Central, Lake Shore and Canada
Southern especially showing marked strength,
even when the rest of the list were weak.
There was again some talk of an advance in the
dividends OF those roads, which may have had q
stimulating effect upon purchases. The coalers,
aud especially Lackswanna, displayed consider
able weakness late In the day.. when some pres
sure 70 sell was noticed in them. The market
was much less active This morning, and nrst
prices were generally from I to ( per cent. be-
low last nights figures, with the grangers ex-
ceDtiorally lower. 4 slight decline WAS fol-
lowed by an advance all along the line, led by
the Changers and the Vanderoiits, and accom-
panied by extreme activity 10 ST. Paul. Hook
ing Valley was again the weak spot in the list,
though It fuctuated widely ard finally closed
within a small fraction Of its last nights price.
The advance IN the list was checked before III
o'clock, aud after that time, though the
market fnctuated rapidly. the general tend ency
was downward. and after noon quite q sharp de-
cline occurred. ir which St. Paul wac again the
leader, followed by all the active stocks. The
mONenenb u MUCK 1ciduu Was INC mocb
during the afternoon, but the decline met with
no serious set back, and the market finally closed
quiet and weak at irregular changes for the day.
The final changes, with bot few exceptions, are
in tee direction Of lower figures, and ST. Paul
lie down 2 per cent; Norfolk & Western pro-
ferred, u: Peoria, Decatur & Evansville. 1t;
Burlington q Quincy, L~ackawanna, Louisville
e. Nashville and Missouri Pacific. ] per cent
each, and Others fractional amounts.
The railroad bond market was again dull,
with but little feature of interest and small
fluctuations. The Hooking Valley issues were
quiet, though weak. but their changes were not
specially important, and while the tone OF the
dealings was again heavy the final changes ars
sonewhat irregular ana for fractions only in
most cases. The marked loss was in St Paul,
southwestern division, 81. at lila.
Government bonds dull and firm.
State bonds dull and without feature. Clos
ing quotations were: