The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1889-10-03
CONDITION OF THE MARKETS
Wheat Rules Almost a Cent Lower in
the Leading Speculative Futures.
Values Supported by One Lone Operator
Corn Prices Advance-Manipulation
Of the October Pork Deal.


Rates on Call Loans Finally Ease Up-Atchi-
son Recovering Strength.
NEW YORK, Oct. Mooney on call was
strong, ranging from 3 to 10 per cent, the
last loan being made at 3, closing offered
al 8.
Prime mercantile paper 5120712 per cent.
Sterling exchange quiet but weak at
S4.8234 for sixty-day bills andS4S74 for de-
mand.
The total sales of stocks to-day were 49,
7s5 shares, including tt following: Atchi-
son. 19.435; Louisville 81 Nashville, $40;
Reading, 10000; st. Paul, 1915.
The bullish feeling in the stock market
was quite pronounced this morning. not
outstanding the condition of the money
market and the shipment of gold. With
London figures coming higher and the for
eign houses being liberal purchasers, the
confidence in the immediate future
found expression in higher opening fig
ures and on a moderate business further
advances were made in the early dealings.
The Improvement in the opening prices
over last evenings figures extended to % per
cent, though Wheeling ~ Lake Erie pre-
ferred was exceptional, with a loss of 7s
per cent, at 7034. The dealings were rather
restricted, however. and Atchison. Read
ing. Louisville 81 Nashville, and st. Paul,
with sugar retineTies, monopOliZed The
greater portion of the business done. The
bullish feeling was most pronounced in
Atchison, and it rose 1 per cent. in the first
halt hour, with the rest of the list follow
ing. 1t was then announced that another
half million gold had been ordered for ex-
port by the Belmonts, and the buying was
checked. 1t was asserted that the amount
to go out would be made up to $4,000 OO,
n though there was no means of
verifying the story, it made a very bad i'm
preston on the room, and a reaction was in
order, and the pressure to sell sooD carried
prices down to below the opening figures.
The money market ruled tight at from 8 to
10 per cent. but there were plenty of funds
at the rates. Dizziness became the leading
feature in the market, and prices remained
stagnant until the afternoon, when an at
tack was made upon New England by the
bears which retired that stock to As. q
loss of 13s per cent. from it's opening figure.
Manhattan dropped 2 per cent. on the gold
Shipment, some stop orders being uncov-
cred, but when these had been executed.
the recovery was rapid, though all the loss
was not regained. Manitoba was strong
throughout, and the story that it is going
into the hands of an English syndicate OBJ
tanned some believers. The money market
eased off materially in the last hour and
rates went down to per cent, at which il
closed. and the buying showed itself again
with the result of developing a strong tone
once more, and prices again crept upward.
There was NJ special feature, however. and
the close was quiet and firm at close to the
opening figures. The list is generally
slightly higher this evening. while Sugar is
up pa. Manitoba 2, Canadian Pacific 112
and Pullman Ia.
Railroad bonds were somewhat more
animated to-day, and the sales went mp to
SsTS,000, out of which S1G2, 600 were in the
Nickel-plate fours. The market was de.
cidedly irregular. however, aud the final
changes are about equally divided between
gains and losses. Besides the bonds men
toned, the Fort Worth a. Denver tirsts
the Louisville Southern firsts and the
Chesapeake 81 Ohio fives were prominent
in the trading. Among the advances Della.
ware e. Hudson, Pennsylvania division
coupons, rose =, TO IA, and South Carolina
firsts gig, to 101; Ohio, Indiana d. Western
firsts lost 2s4. at S014.
State bonds were dull and ~featurelesE
Closing quotations were:
Four per CT. res. .127 &C., ST. L. & P. IA
Four per CT. coup. 127 c., st. l.. * T.. pref 81
Four and a LES reg105& lClev'd & Cormb's-.----
Four and a l2s cou~p105alF Fort Wayne -----.-157
Pacific 6s OF '95..-11S Illinois Central. -1l6
Louisiana st'pd As eSl2lI., b. & w.. 81
Missouri 6s..--@.101 Lake Erie & West. 191.
Tenn. new set. IS .106ieIL. f. IL W. pref. 64l
Tenn. new set. SIS 101 Lake Shore.------.105
Mutual Union "a. -103 Michigan Central 923
stL. 4 1. NJ. gen. IS .s6l9IO. d Mississippi 227
et.L4 g. K. gel. I'D. q NJ. pref....--. 80
Adams Express 100 Peoria, ID. * E. 81
Alton & 7. H. 45 IPittsburg.- ----..157
Alton & T.. III. pref.1I5 Pullman Palace. ..Is9
American xpress117 To-. 8. Express. IS
G. cn s o. = p @eio lists. s9la W. T.. St. 81. 1. 4 Z. pref ssaai
G. Il O. pref. DDS. 407siWells * Fargo Ex. l4l