The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-10-06
CONDITION OF THE MARKETS
Revival of Interest in Wheat, the Feeling
Being Unsettled and Prices Higher.
Heavy Trading In Corn at a Higher Range Of
Prices-0sts Stronger and Higher-Pro-
visions Fairly Active and Steady.
MONEY. BONDS AND STOCKS.
An Increase Of Activity in New York, with
Quiet bat Heavy Closing.

An Increase Of Activity in New York, with q
Quiet but Heavy Closing.
NEW YORK, Oct 5.-Money on call was
easy at a per cent, the last loan being made
at 4 per cent. bid. closing at 3 per cent bid.
Prime mercantile paper, Il Z per cent
Sterling exchange was dull but firm at a. S3a
for sixty-day bills and s4.sS for demand.
The total sales Of stocks to-day were 245,27
shares, including the following: Delaware, Lack
awapna & Western. 1000; Erie, $3.50: Hooking
Valley, 4,47o; Missouri Pacific, 5,o65; North
western, $40; New Jersey Central, 3,475;
Northern Pacific preferred, 1896: Oregon
Transcontiuental. 5. 730; Reading. q, $50; Rich
mond & West Point. IL, rs; ST. Paul, Is, 925;
Union Pacific. 81 ,S55; Western Union, o, lis.
The stock market was more active to-day. and.
while higher in the forenoon. became weak
later. and tie advances, with somethine IN add
tion. were lost. There WAS very little feature to
the list to-day, though the usually active stocks
were quite neglected. while the interest centered
in several new speculative stocks which are now
becoming prominent. The high rates for money
prevalent 10 London are responsible .or moro
selling by foreigners this morning, which gave
the market G ragged appearance at the opening,
but there was q moderate demand from domestic
sources for socks and the temper OF the room
was conseryatively bullish aud the entire list
moved up. New England became the great
feature Of the day, and on a vsrv large business
advanced 2 per cent, the stories about buying
by the New Haven interest for con-
troll being revived. There was nothing
really new in regard TO the deal. however,
and the stock held its advance better than anv-
thing on the list when the decline came.
Among the active list, Union Pacific and West
ern Union were the only stocks 10 which any
particular strength was shown, and the revival
of the report that the funding bull would proba-
bly, be passed aided the former for q time.
$780, L. ~ HtaAn0 IL
Eastern Illinois aud Hooking VALLEY wore prom
inens for both strength and activity, the late
purchase of q large block OF The stock by an in
fuential house stimulating speculation in the
ever, was q drop Of ten points 10 Philadelphia
Gas, on reports from Philadelphia that an
announcement of the intention of the company
to issue g, 500, 900 bonds had been maze. A
small portion OF the loss Was sfterward made
this evening. To ward the latter portion Of
the afternoon there was q disposition shown tn
take profits, and . rumor OF gold shipments was
started, and prices ran OF quite sharply. De-
clipes at the opening were for from 1 to ! per
cent. only, and the market developed strength
Immediately, while New England assumed the
lead of the list and advanced rapidly on Q large
business TIE rest of the list rose slowly on
very moderate trading, which became less a.
were reached about noon, when the sag
ging tsndeey appeared, though little
oroeress was made u1til toward 2 p. NJ
Ehen the losses in Cotton Oil, st. Paul, and
Richmond 81 West Point approached ! per cent.
The list did not rally. and tie close was quiet.
eut neavy, at about the lowest prices for most
4 the list, ana although the fluctuations were
generally small, the losses are quite material,
St. Paul losing Ii: Lake Erie & Western, pre-
erred. II; Northern Pacific preferred and C..
&C & ]. ! per cent. each, while the only ad-
rance was in New England. which Is mp II per
senr.
Tbs railroad bond market was quite doll to-
lay, for although there we're q large number of
Issues 1salt IN, the sales aggregated only 81, 258.-
100, OF which sl3s, 900 were in Chesapeake e.
Ohio currency certificates. The tone Of the
market was generally firm, but no marked
movements took place.
Government bonds were dull but strong.
State bonds were entirely neglected. Closing