The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-09-05
CONDITION OF THE B Z
Sensational Trading in Wheat, Dealings
Being Marked by Much Excitement.
The Closing. However. was at Figures a Triie
Lower than Those of MOnday-Corn Strong
and Higher-PrOvisiOns Quite Dull


Increased Activity and Strength at New
York, All shares Being Higher.
NEW YORK, Sept Mooney on call was
essy at II IA per cent, the last loan being made
at 81. closing offered at 2
Prime mercantile paper, A G6a per cent.
Sterling exchange was dull bur steady ut
s. s42 for sixty-day bills and $4.ss for demand.
The total sales of stocks to-day were 307. $40
shares, including the following: Delaware.
Lackawanna s. Western. p. $50; Erie. $500;
Hooking Valley, $40; Lake Shore, 7,646; Lou
isville & Nashville. 5,513; Missouri Pacific, 5000;
Northwestern. 6,047; New Jersey Central, $3.50;
Norfolk & Western preferred. 4, 4ss; Northern
Pacific, $50; Northern Pacific preferred, l6.-
397; Oregon Transcontinensal, 24,025; Peoria.
Decatur & Evansvills, 1865; Reading. $780,
Richmond & West Point. 1l,s25: ST. Paul, TO-
500; Texas Pacific, 10. 54o; Union Pacific, 10. $50;
Western Union, $3.50.
The stock market to-day was broader, more
active and stronger than it has been for some
weeks, and, though the taking of profits in the
last hour knocked prices of from the best fig
ures. the result OF the days trading is to leave
most of the stocks traded in materially higher
than last week. The quotations from London
this morning came very much higher than our
Saturdays closing figures. and, accompanied by
q marked demand from the foreigners, they had
The effect Of opening this market from 1 TO : per
cent higher than Saturdays final quotations.
There seemed TO be a better attendance at the
board, many Of the brokers who have been ab-
sent for the heated term being present to
swell the volume of trading, and, as their
proclivities were invariably Oullish, the
market became buoyant.. The GOLFERS and the
Willard stocks early took the lead, but the Gould
stocks, Changers and trunk-line shares after
ward became prominent, and the improvement
rapidly spread to the entire list There was
very little news TO affect values, though the re-
ports received from Chicago. if anything, were
calculated TO take the edge of the rise, but they
had little OF no effect. The coal stocks, howev-
or, were still helped by the very satisfactory
condition OF the coal trade, and Reading and
Jersey Central were affected by rumors OF an
arrangement with the Baltimore 81 Ohio for a
through line TO New York. The extent Of the
advance rendered the temptation to take profits
too much for many Of the traders, and in the
last hour there was free selling for the 'lonRn
account. which, with the little furry In money
when rates were bid MP to 4 per cent
from II, caused prices TO rscede from the best
figures 10 l per cent The gains az the open
ing were increased in the first hour from ! to !
per cent. on very heavy trading, which, how
ever, wss decreased toward noon to dullness at
times. The firm to strong tone OF the market
still remained, and after u o'clock there was
cCl4o obEcBktuy VII . tnCLooo0
in activity. Several new favorites came TO the
front. and by 2 p. N. the highest figures were
reached, many stocks being at their highest
point for years The last hour was quieter,
with less demand for stocks and more pressure
to sell, and the market finally closed rather
heavy at the figures The active list 10 nvsri-
ably higher this evening, and Missouri Pacific
rose Il; Reading, II; Lackawanns and c., c., c.
g l., Il; Peoria. Decatur 81 Evansville, IL;
Delaware s. Hudson. j. and the others fraction
al amounts.
The railroad bond market sympathized with
the share list in point Of activity and strength.
and almost everything On the list 10 materially
higher this evening. The total sales were ST.
424. 600. but the Readine issues were very active.
the fours furnishing S125. 900, the frsts $751;. 900,
the seconds sl25,00e. and the thirds s127, 900.
while Western New York 81 Pennsylvania
frsts contributed s125. 900 to the days total. Ths
principal advance was ST. Paul consols, l to
1854, International seconds. q to 703: the K q
T. issues were the weak spot in the market, and
the fyes and sevens are lower this evening.
Government bonds were dull and steady.
State bonds were entirely neglected. Closing
quotations vera: