The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-10-19
CONDITION OF THE & K
WheatDull and Irregular Whitman I'm.
usually Narrow Range of Prices.
A Moderate Business and Easier Feeling in
Corn-0ats Quit and Easy-PrOvlsiOns
Unusually Active and Prices Steady.
MONEY, BONDS AND STOCKS.

An Increase of activity At New York, Union
Pacific Being the Prinoapai Feature.
NEW YORK, Oct 1s--Money on call was
easy ct 2023 per cent, the last loan oeing
made at 2 per cent, closing offered at q per
sent
Prime mercantile paper. 49063 per cent.
Sterling exchange was quiet and steady at
4s33 for ~sixty-day bills and $4.S75 for demand.
The sales of the day aggregated PSI. SIP shares,
Including the following: Lake Shore, 4,965; Mis-
souri, Pacific, I6. 200; Northwestern. 800: North
ern Pacific preferred, 9,450; New England, IT,
$50; Oregon Transconsinsntal. 5000; Reading.
1880; Richmond s. West Point, 1875; S.
Paul. Is, 03s; Union Pacific. log, 764; Western
Union, 7,255.
The stock market was somewhat more active
to-day, though the unusually large business
dore in Union Pacific accounts for the entire
increase, the stock mentioned furnishing nearly
two-hfths OF the entire business done. The
speculation, outside of n few specialties. however.
presents no feature OF interest, the list being
dull and the trading done within very
narrow limits and OF an almost purely profess
Bionsl character. The shorts" are looking for
90 opportunity 10 cover, and raids are organized
from time 20 time against any vulnerable point,
but the natural strength OF the list prevents any
marked movement in tho downward direction
The Special object or attack was missouri
Pacific. the persistent selling of Atch;son being
used as an rgument against the stock. but the
Impression made was soon recovered, and the
strength and buoysncy or Union Pacific carried
the entire list with 1t after noon. There was ro-
newed buying on all sides, and rumors that Mr..
Gould was bByipg, and that an agreement had
been made with the opponents OF thu funding
bill to allow ITS passage, were circulated with
some effect The purchases Tor both Boston and
London were noticeable. The other specially
arrOng stocks were Northern Pacific preferred
and Norfolk 81 Western preferred, the continued
large earnings OF the former slim
ulatin1 purchaser, but the rest OF
the list were quiet and call for no comments
beyond Oregon Short-line. which made a squirt
of a point toward 2 p. n, but lost the greater
portion OF the advantage. There was the usual
moderate business st the opening this morning,
and first prices were generally from I to ] per
cent. higher than last evenings figures. though
LackAwana was exceptional with a loss OF ! per
cent The raid on Missouri Pacific brought that
stock down over a point. and the rest OF the list
RympsthiZsd TO q limited extent, but the effect
was soon over and the losses quickly recovered.
Union Pacific early became prominent for its
activity, but IL was not until after noon that its
strength became noticeable, and, while the gen
er.l list was almost stagnant, it advanced
steadily, ana later the others followed slowly,
with Northern Pacific preferred add Oregon
Short-lipe most prominent The list became
more active toward 2 P. NJ, when
the best Prices OF the day generally generally
in the last hour. but the market finally closed
quiet but firm at OF near the highest prices Of
the day. Almost everything is higher this even
Ing. and Union Pacific rose q. Norfolk u West
erp. preferred. i. and Northern Pacific, pre-
ferred, II.
The railroa: bond market was quiet, even the
Reading issues falling Of in interest, and only
the frsts showing any special activity. with sales
Of s135, 900 OUT of a total of 81. pa, 600. The trad
ing WAS especially teatureless and the fuctua-
ticns extremely narrow. important changes In
quotations being very few 10 number. The ad-
vances, however, include Wabash hrsss. cersif-
Gates, q, to 81. The declines were Green Bay
incomes. 2, to 80, and ST. Louis, Arkansas &
Texas seconds, 2, to S.
Government bonds we're dull.
State bonds dull and featursless- Closing
quotations were: