The Indianapolis journal., 1885-11-18
RATHER UNSTEADY MARKET
Wheat Opens Weak, but Closes Strong
at a Sharp Advance.
Germ in Better Position, the Market Ruling
Active and Higher-An Oversupply of
Live Hogs Weakens Provisions.
MONEY. BONDS AND STOCKS.
Continued Activity in Railway Bonds-Heavy
Sales of Stocks.

Continued Activity in Railway Bonds-Heavy
Sales of Stocks.
NEW YORK, Nov 17.-Monev on call loaned
generally at "a 03 per cent, but spurted to per
cent late in the day and closed at q per cent.
Prime mercantile paper, Al 054 per cent
Foreign exchange fairly active at $4. 82a for
sixty days. $4. 8i4 for demand.
The total stock sales to-day were 62l,962
shares, including Canada Southern, 3, 900; Della
ware, Lackawanna & Western, 15.646; Den
yer & Rio Grande, 772; Erie 10, S45; Kansas &
Texas, 80, It's: Lake Shore, a. no; Louisville &
Nashville, IL 175 Lake Erie &Western, 496O
Northwestern, 3l650; New Jersey Cen
trail, 3.45O; New York Central, 76OO
Northern Pacific, 28,o75; Pacific Mail, q ,O1O
Reading, Il, 200; st. Paul, 112 339; st. Paul &
Omaha, II, 600; Texas & Pacific, 13, 725; Union
Pacific, IL, 500; Wabash Pacific. 1858; Western
Union. 33.072; Northern Pacific preferred, So
270; Oregon & Transcontinental, "a, 123.
Government bonds were dull and steady
State bonds were fairly active and firm.
TIE railway bond market continues very active
and strong, with a large demand from investors
especially for the better class of securities that
have not yet advanced to quotations very much
above par The sales were $500 000 The
Erie second consols were comparatively quiet.
the transactions amounting to only $57l, 600.
There was large trading in the two Atlantic &
Pacific issues, the sales exceeding ST. 000 000 at
gain of l. The Denver q Rio Grande issues
advanced per cent. each. Oregon Transconti-
mental SKIES gained per cent. Kentucky Cen
tral fours rose per cent, Louisville & Nash
vile, and New Orleans & Mobile seconds u:
Chicago, ST. Louis & Pittsburg frsts are up
per cent
There was little abatement this forenoon in
the great activity which has been one Of the
prominent features of the stock market for some
time. After midday it became quiet for some
time. The total sales were 622 900 shares. st.
Paul continues to lead the list, with 112, 800
shares. Northern Pacific preferred and Oregon
Transcontinental contributed 104 400 shares.
There was good business in Western Union,
Northwestern, Missouri, Kansas e Texas, and
they were closely followed by Northern Pacific
common. A large business is being done for
European account, and the London quotations
are eagerly watched. This mornings London
prices were stronger, and the New York market
opened with a gain of to g. with exceptional
advances for greater amounts. Almost every
thing on the list is materially higher than last
evenine, the net gains ranging from to nearly
3 per cent Oregon Navigation shows net ad-
vance of per cent For weeks past Chicago
has been the most prolific source of news for
Wall street regarding st. Paul. Private dis
patches from that city, from the recognized head
Of the ST. Paul, assert that the value of the
property is greater than the prices now ruling
Nevertheless the opinion of the street is that the
St Paul pool stock has been disposed of at a
profit, and the wonder is that with the enormous
trading in it the decline has been small In the
face of rumors of adverse report by the federal
railroad commissioner. Union Pacific advanced
TO 62s, and closed lower with net gainof !.
Pacific Mail is up !; Lackawanna and Michigan
Central each Il; Louisville & Nashville 1a Mis-
souri, Pacific and Omaha, common, 1s;Manhattan
consolidated Il and Oregon sFranscontinental
% per cent There was comparatively an active
business in the Wabash stocks, and the common
is mp q and the preferred q per cent Denver
81 Rio Grande sold up to 244, gain over the last
previous sale of 81 per cent. Among the active
stocks the Northern Pacific developed very un-
usual strength and closed with gain of q for
common and q for preferred. 1t is currently
reported that this stock is being bought largely
for European account
The market closed with the following prices
bid:s