The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1889-10-24
CONDITION OF THE r K
Speculative Wheat Reacts and Receivers
Some of Its Recent Decline.
Difference Between the December and May
Options Still Further Widened-Firmer
Feeling Developed in Corn.


Continuation of the Upward Tendency
Sugar Trust the Only Weak Spot.
NEW YORK, Oct. 23.-Money on call was
easier, ranging from 8 to 8 Per cent. the last
loan being made at 3 per cent, closing
offered at 3 per cent
Prime mercantile paper 5l207 per cent.
Sterling exchange quiet but weak at
s4.sl for sixty-day bills and SASS for
demand.
The total sales of stocks to-day were 2l3.-
O13 shares, including the following: Atchi-
son, 1,495; Delaware, Lackawanna & West
ern, 1900; Kansas & Texas. s.940; Lake
Shore. 4.410; Louisville & Nashville. 1881;
Missouri Pacific. 1855; Northwestern;
1915; Northern Pacific preferred, 6.sS5;
Reading. 1920; st. Paul. 1900; Union
Pacific. 1,175; Western Union, 500.
The strength of the stock market yester-
day was continued to-day, and. while the
trading was less active in the forenoon, it
up rapidly. The advances, however, were
not so prominent, and. while the entire
active list is again higher. tonight, the inn
proyement is generally confinedtofractional
amounts. Money was decidedly easier, es-
peciaiIy IN the afternoon. and the rate on
call was gotten down as low as per cent.
which gave a stimulus TO the covering of
shorts" and so furnished a foundation for
the advances scored. There was little news
of Importance in regard to the railroads.,
but Kansas 81 Texas stock became q feature
on the renewal of the rumors of yesterday
in regard to a new plan of reorganization,
and the rumOr ran that a settlement OF diff
culties between the conflicting interests of
the -bondholders would be settled, to-day.
The return of this stock TO activity under
such circumstances had an influence for
good upon The Gould shares in general, and
Missouri Pacific, Manhattan, Texas Pacific
and Western Union all were more or less
active and stronger. Insiders were buyers
of Louisville IL Nashville, and the assertion
that the stock Is to go higher was persist
emily circulated with marked effect. Union
Pacific was also a special favOrite. especial
ly in the afternoon, when 1T became the
leader of the entire list, being taken quite
freely. Ii rose rapidly. the Improvement
being accompanied by stories of a new bull
pool in the stock. There was also talk of
important results to flow from o proposed
alliance of Northwestern and Manitoba.
The coal stocks were steady and the VAN
derbilts and Wizards firm, while the trusts
were rather weak with the single excep-
tion of Chicago Gas, which was advanced
sharply. but lost most of the improvement.
The foreigners and commission houses were
the principal buyers of long stocks, while
the supply came from the professionals and
some of the Chicago people. and the
granger made but slow progress.
The opening of the market was rather ir-
regular, but the general list displayed an
advancing tendency, though the trusts
dulged in in the early trading. which
caused a recession of small fractions from
the opening figures. The strength soon be-
came apparent, however, and a slow but
with but slight interruptions until the
close of business, was ina~ugurated. Kan
sas 81 Texas was the most prominent feat
ure in the afternoon, and Union Pacific
later in the day. but the improving ten
dency reached all portions of the list. and
finalp prices are about at the top figures, the
market closing strong. The important
final changes are few in number. Union
Louisville & Nashville 1 per cent. each,
while Sugar refineries is down LIZ.
Railroad bonds were again quite active.
the sales reaching S1.227,00O ont of which
the Texas d Pacific seconds furnished
$4,000, and the Kansas a. Texas skies
S1S0.0 900. The Kansas e. Texas issues were
again prominent for strength, but they
failed to make any marked movement.
Government and State bonds were dull
and featureless. Closing quotations were:
-Four per CT. reg.-.127 &C., ST. L. q P. I5a
-Four per CT. coup 127 Co. st. L. /. pref. 80
Four and l2s reg -105la Clev. Il Colu'bus.- 5000
Four and ai2s couplO5 i2lFOrt Wayne.......156
Pacific IS of 5-..117lsI Illinois Central. lie
Louisiana st'pd As. 50 IT., B. " w. 9Ao
Missouri 6s----.--101A Lake Erie & West fSi2
Tenn. new set. IS -107 2lL. r. Il W. pref. 81
Tenn. new SET. 5s.. 101 Lake Shore..--.-..1O53
Mutual Union Is. 1922 lMichigan Central. 92l2
StLl 4 /. M. gen. IS So 10. & Mississippi. 227s
stL. d s.F. gen. m.120 10. a NJ. pref-.-.-.. 80
Adams Express $50 Peoria, d. * E.. 10a
Alton Il 7. H. AZ IPittsburg. -.....15si
Alton q T. III. pref los Pullman Palace. 1875
American Express116 III. s. Express. S3la
Ches. & Ohio.----- 254IW., st. L. d P. 1875
c.. x o. pref. lists 64TslW., St. L. & p. pref 3lia
c. * O. pref. 2ds - 44lelwells & Fargo Ex-137
Chicago d Alton .-127 Western UniOn..... 647s
@. Y. kO l06Al