The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1889-10-25
CONDITION OF THE B K
Speculative Wheat Takes a Heavy
Slump, but Receivers Part of the Loss.
Closing Prices We're OFF q Half Cent, However
Corn Rules a Shade Stronger
Oats Have Reached Bottom.
MONEY. STOCKS AND BONDS.
Sugar Trust Still Tobogganning-The Mar.
ket Feyerish and Irregular.

sugar Irust still MAR
ket Feverish and Irregular.
NEW YORK, Oct. 24.-Money on call was
easier, ranging from 4 to 6 per cent, the last
loan being made at 5 per cent, closing
offered at 5 per cent.
Prime mercantile paper 51207 per cent.
Sterling exchange quiet and steady At
S4.s1 for sixty-day bills and SASH for
demand.
The total sales of stocks to-day were 49,
LAG shares, including the following: Atchi-
son, 4.S20; Delaware. Lackawanna d West
ern. 1926; Denver. Texas & Ft. Worth,
1910; Louisville & Nashville. 9,2l5;
6.575; Northern Pacific preferred, 1915;
st. Paul, 1880; Union Pacific. 81. $3.50.
The stock market was less active. to-day.
especially in the afternoon, when the
bears" ceased their hammering operations,
but the temper of the dealings was
irregular and feverish but rather
weak throughout most of the day. Consid-
cradle bullish feeling was engendered by
the annou ncement of the traffic arrange
ment between the Union Pacific and the
Northwestern. but a damper was put upon
this when London turned up as a heavy
seller Of Union Pacific and other specialties.
The explanation offered was that a pool
which had bought Union Pacific at much
lower figures was realizing on the advance.
The selling checked the buying for the
time being. aud the "bears" and traders
came in to complete the Generalization;
but there was still a demand for stocks,
and the market became feverish
within narrow limits for most of the
list. Kansas & Texas was almost
entirely neglected to-day. and its dizziness
was in marked contrast to its sudden &C.
tivity yesterday. Considerable pressure
was brought to bear upop the ~grangers.
though it was not until the last hour that
any important impression was made upon
any of them, when Rock Island yielded
materially. and is the only one showing a
material loss among the stocks of the regu-
lar active list. The efforts of the 'bears"
were again directed against Sugar Re-
fineries and, aided by the announcement of
the opposition to the trust, they were en-
abled to make a sharp decline in that stock,
though it recovered several times. Mis-
souri, Pacific was a sufferer from the at
tacks of the bear combination. and it was
broken over / per cent, but recovered q
portion of this loss before the close.
AZ the opening prices were materially
vances extended to % per cent, but after a
further slight improvement q reaction oc-
curred, and Burlington. Union Pacific and
Sugar led a downward movement. which,
however, ceased after the first half hours
business. The market became more quiet,
and prices recovered most of the losses.
Later there was another attack upon Sugar,
and the stocks of the regular list declined
fractionally in sympathy. led by Missouri
delivery hour. after which a stronger
tone was shown. and the market became
devoid of feature. finally closing quiet and
fairly steady at fractional losses for the
day. Sugar, tonight. is down 27s. and
Rock Island H. while. Denver, Texas g.
Fort Worth. which was the only strong
feature of the day. is up liz.
Railroad bonds were generally dull. but
the heavy trading In Kansas IL Texas skies,
which figured for $40. 900, and Fort Worth
& Denver firsts. which furnished S122, 600
out of the total days business of s., 162, 600,
made some animation in the market. The
tone OF the dealings was stronger han
usual of late, and material advances were
scored in several issues, Fort Worth &. Den
yer first being the feature.
Government and State bonds were dull
n unchanged. Closing quotations were:
Four per ct. reg--.127 &c, st. L. & P..-..- Is
Four per ct. coup--127 c. st. L. p. pref. 81
Four and q l2s reg. 1051sl Clev. & Colu'bus.. $500.
Four and l2s coup105l2 q Fort Wayne-------157
Pacific 6s OF '95. Illinois Central. Jig
Louisiana st pd As. 80 IT,, b. d w.. 9ls
Missouri 6s .-.-.-..1014lLake Erie Il West. 1874
Tenn. new set. 6s los u. e. & w. pref 64ss
Tenn. new set. 5s.- 101 2lLake Shore u
Mutual Union IS 1929 Michigan Central. 92A
ST.. & l. NJ. gen. 5s IS 10. * Mississippi. 22a
ST.. & ST. gen. lalO. & M. pref 80
Adams Express---150 Peoria, D.. e. e.. 19a
Alton & 4. H.. 43 IPittsburg------.15S
Alton IL 7. II. pref.105 Pullman Palace. .1S5
American Express116 lU.S. Express. S21s
Ches. d Ohio------ 25sslW., st. L. & P II
G.. q o. pref. 1sts.- 64alW., ST. l.. d p. pref 3114
e.. & O. pref. DDS 43&IWells IL Fargo Ex.137 :
Chiearo a AIfon lot iWesraru Iniou Rdz,