The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1891-09-29
CONDITION OF THE MARKETS
Chicago Wheat Was WeakandDull, Clos
ing About lie Down from Saturday.
Visible Supply Greatly Increased by Making
Seven Private Elevators Rsgular-COrn
Stronger on Decreased Receipts.
MONEY, STOCKS AND BONDS.
GouId's Shares Show Strength and the List
Advances Generally.

Gouid's Shares Show Strength and the List
Advances Generally.
NEW YORK, Sept. 2S.-Money on call was
easy, ranging from 2 to per cent. the
last loan being made at 3; closing offered
ut per cent.
Prime mercantile paper So a. per cent.
Sterling exchange was active and steady
at $3.50 for sixty-day bills and s4.sSls for
demand.
The total sales of stocks to-day were
46S,217 shares. including the following:
Atchison, 1906; Canada Southern, $500;
Chicago Gas, 3.495; Delaware, Lackawanna
g. Western. 5,602; Erie. 1855; Hooking VAL
ley. 1884; Lake Shore. 5.s97; Louisville 81
Nashville, 1000; Missouri Pacific. 1870;
Northwestern, 1896; North American, $3.50;
Northern Pacific. 9,776: Northern Pacific
preferred. II. 4O3; Reading. 5000: Richmond
g. West Point. 6.466; ST. Paul, 1850; Union
Paclfic, 5.s25.
The stock market to-day was compare
tIvely quiet, except during the first hour,
when the evening ND of the deals in Mis-
souri, Pacific was in progress. The pur-
chsses of the stock to-day were evidently
in the interest of the Gould party. and
judging from these purchases the decline
In the stock has in all probability reached
its limit. The selling of the first hour, es-
pecially, came from the professional oper-
ators. who are looking for q further reac-
tion in prices. and selected that stock as
most likely to respond to their EFFORTS ana
have most influence on the rest of the list
A well-founded report was circulated on
the statement that bir. Gould would abide
by the decision OF the directors OF the
Missouri Pacific as to whether or not half
). L..
and other influences started the bears"
to covering their shorts" In the
stock late In the day. and it
recovered all of its drop of per cent The
announcement that the Union Pacific fund
ing plan was completed and an assured
success was also an influential factor in the
late rise. the "bears" again seeing their
chief reliance In the vulnerability OF the
Gould stocks slipping way from them. The
fears of monetary stringency, which have
pretty well laid as some $4,000. goo are now
on the way to this country and the move.
ment has only fairly we'll begun.
Mr.. Russell Sage said to-day that there
are no conditions looking to q stringency
in money at this center this fall. Outside
of the Gould stocks and the early weak
ness and latest strength there was no part
of the list, except the grangers and Van
derbilts, which scored movements worthy
of notice during the day. The grangers
were especially strong In the early trad
ing, and both Rock Island and Burlington
rose over per cent. Late In the day the
Vanderbilts had theirtu and Lake Shore,
in particular rallied handsomely from the
depression of the forenoon. The opening
was, in general. at higher figures than Sat
urday's final, but the selling pressure in
Missouri Pacific. with the result of O ma
terlal decline was too much for the strength
of the list ana fractional recession followed.
The lowest prices were generally reached
toward 1 p. NJ, but no marked upward
movement took place until the last hour,
when everything moved ND with consider
able animation and the early losses were
nearly wiped out. The market finally
closed fairly active and firm at the rally,
leaving most stocks fractionally lower than
Saturday, while the only material loss for
the day was in Wabash preferred, which is
liz per cent. lower. at S07s.
Railroad bonds were comparatively quiet
and displayed no marked tendency in
either direction except during early deal
ings when considerable weakness was seen
among the active issues. The final
changes. however. are generally insiRnifi-
can't. The sales were 81, 522, 900.
Government bonds were dull, but steady,
and State bonds were the same. Closing
quotations were: