The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-10-30

:. 80 -
with = Weak aud Quiet Closing.
NEW YORK, Oct 2a-Money on call was
easy at II q per cent, the last loan being
made at 2. closing offered at 2 per cent
Prime mercantile paper, 49S7 per cent
Sterling exchange was dull but steady,
at e. s3s for 6oday bills and sa-s7t for de-
mand.
The total sales Of stocks to-day we're 240.97
shares, including tie following Delaware,
Laekawsnns & Western, l0,020; Erie, 3,Sl5;
Lake Shore, ESQ; Missouri. Pacific. $3.50.
North western, 1880; Northern Pacific. pre-
fsrrsd, 6.327; Reading. SO, l6o; Richmond e.
West Point. % ,43O; ST. Paul lilo; Union Pa
ciHc, q, 92S; Western Union. l0,26O.
The stock market to-day was, except in q few
leading stocks. which we're made the special
objects of attack by the "besrs," dull and sag
ging. and quite feverish throughout the day,
and final pricss generally show declines OF frac-
tional amouots. The decrease in the earning "a
for September of the Reading Company was
again the principal subject OF convsrssroo on
the street. and as tho majority OF operators are
holding of pending the election. the "oears'
made use of the opportunity presented 20
hammer the stock, and, incidentally. the whole
of the list, but very little effect was had outside
of the few stocks which were the special objects
of pressure Reading again assumed the lead
in the market and yielded readily, followed by
Upion Pacific, upon which there was considers
bic pressure from 'slona" selling. a few OF the
inactive stocks, sneh 90 San Francisco pre-
fcrred. were depressed without apparent cause:
The interest was transferred 70 New England
10 the afternoon, and a prominent room trader
was very active IN Offering che stock down.
Several stop orders were reached on the way
down, and these served TO increase the dsmSr-
alization In the stock. The general list was
dnl and uIth0ut feature O{ imDOPtaQca
throughout the day. the interest, as we'll as the
animation, being concentrated In the three
leading stocks. which, together, contrib
uted nearly one half Of the entire
business done. The Gould stocks and the
Vanderbilts we're comparatively well held. and
the erangers were quite neglected, while the
movements in them were OF no special impor-
tance, though the sagsine tendency affected the
entire market, London was . moderate seller.
but commission-housss we're doing next to
nothing, and the dealings were left almost ex-
elusively to the traders aud BEARS the former
working Ia the interest OF tho lattsr throughout
The opening prices were lower, declines extend
ing to 4 per cent, while the trading was dull and
further slight losses were sustained IN the
first few minutes Of business These loss
were .ss'ins sp1 s..k AZ. rSl'' At snonsn
moved over . point Toward noon thu downward
movement became more pronounced, and the
market more active, and Union Pacific and San
Francisco preferred joined tn: specially weak
bLoCkes W "cos OA1 ho %
active, but remained comparatively firm, while
the general lat became Intensely dull. though
New England then came 20 the front and soon
led the list. both in activity and weakness Its
decline was accelerated rs the afternoon wore
along, and Notwithstanding . slight rally in the
list In the last hour. continued to decline and
finally dragged the list with L. the lowest prices
of the day being made az the close, which, FOR
the general list. va quiet and weak. The active
list, almost without execution, 10 lower this
evening. aud New England 10 down 81; San
Francisco preferred, p: Atehison, l.: Reading.
j.; Northern Psc,fs preferred, IL; Union Pa
cihc, IL; Lsekawapna and Louisville & Nash
vile. | per cent each. and the others fractional
amounts.
The railroad bond market was quiet TO dull
to-day, and while the active Issues eere inclined
TO follow the share list there WAS still some
strength IN the investment issues, and the final
prices were sowewha irregular, though the
tone Of the dealings was heavy to weak through
out the day. Tht feature was the recovery in
the ST. Louis, Arkansas 81 Texas hrsts, though
the seconds showed Q further decline this even
ING. The Reading issues we're again quite weak
and the third incomes lost 2, at O. Peoria,
Decatur & Evansville 6rsts rose "a, 70 1914. and
St Louis, Arkansas s. Texas hrsts. 4. to 90.
Government bonds were dull and steady.
State bonds were dull and steady. Closing
quotations were: