The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-11-14
CONDITION OF THE MARKETS.
A Dull Day on Change, Buyers apdSell-
ers Exhibiting Equal Indifference.
Wheat Opens Trifle Lower, but the Loss Is
Finally ACKNOWLEDGEMENTS Demand
for C0rn-Provisions Easier.
MONEY. BONDS AND STOCKS.

MONEY, BONDS AND STOCKS.
The Railway Bond and Stock Markets Con-
t;nue to Show Great Activity.
NEW YORK, Nov. 13-Money on call was
sassy at 103 per cent
Prime mercantile paper, Al 05l per cent.
Foreign exchange was active at ST. 82s for sixty
days and 81. 844 for demand.
The total sales of stocks to-day were csc, 4I5
shares, including the following: Canada South
ern, IL, $40; Delaware, Lackawanna & Western,
1880; Erie, 97,09S; Kansas & Texas, 1913;
Lake Shore, 80, 1928; Louisville & Nashville,
1876; Michigan Central, 4900 Northwestern,
1889, New Jersey Central, 1880; New York
Central, ii, $40; Northern Pacific, 7,715; Ohio &
Mississippi, 27,440; Pacific Mail, &C. $751; Reading,
1875; ST. Paul. 1915; ST. Paul & Omaha, g.
SS5; Texas Pacific, TO- 000 Union Pacific, IT, 1O;
Western Union, &c, 745; Northern Pacific pre-
ferred, 3s,048 Oregon & Transcontnental l5,-
070.
Government bonds were dull and steady.
State bonds were dull and heavy
The railway bond market was again very
active, the sales being over 81, 100000, and the
business was distributed among a large num-
Der of issues. Erie second consols contributed
u, 238, GOO. Most of the issues show advances.
The stock market again very active, the
sales footing up to coo 600 shares. The stocks
most active were Missouri, Kansas e. Texas,
with sales of 81, 600 shares, St Paul. AZ, l00 and
in Lake Shore, Lackawanna. Northern Pacific
preferred, Pacific Mail and Erie. The market
was strong at the opening and extremely active
during the first hour, when there We're advances
OF = to over per cent, followed
prices until midday. The early gains
were lost between II and o'clock, and in some
cases fractional amounts in addition; but after
o'clock the market again became strong and
20 continued until late in the afternoon. In the
last hour business was again very active and
irregular, in which condition, in many cases, it
closed, at to per cent. below the highest quo
tations. The net result of the days operations
Is advances ranging from fractions to over 2 per
cent. The stocks mentioned which contributed
SO large a percentage of the days business,
gained from l to Il per cent. The weak stocks
were Missouri Pacific and Western Union. each
of which closed with loss of per cent, and
Union Pacific, Louisville & Nashville, Lacka-
wanna and Northwestern are from I to
higher. st. Paul made net advance of II.
Erie rose per cent, while preferred. with sales
OF ZOO shares, gained g. Lake Shore, after
opening at 87!, touched $50 in the morning but
was heavy later. selling down to 81, from which
1t rallied to SSs, and closed at that price. The
heavy trading in Reading was accompanied by
an advance of Il from the opening, and Il from
The closing yesterday, and it closed to-day at the
best figure. A prominent feature was the trading
In Pacific Mail, which rose from $50 at the close
yesterday, and 58s at the opening this morning.
TO 60. The statementcomes from official sources
that this company is at present earning at the
rate OF 10 per cent per annum on its stock.
Missouri, Kansas g. Texas sold up to 301 and
closed lower, with net gain of
per cent. 1t is claimed by the friends
Of the company that it is earning as much be-
yOnd its fixed charges as the Union Pacific.
Northern Pacific preferred rose to and closed at
500. Rock Island shows net gain of 81 at 1894,
after selling at $780, The low-prced stocks are
again attracting attention, conspicuous among
which were Minneapolis & ST. Louis, both com
mon and preferred The former rose from 235
to 26, and closed lower with net advance of
t. while the preferred rose from 49t to and
closed at 55s, an advance of II from the last
previous sales; Columbus Hooking Valley &
Toledo ed at 1853. sold up to 43 and closed at
AZ; Nickelplate common closed with an advance
Of Il. There was further advance in Michigan
Central from n to 1851 closing at 70. 1t is said
the company has just sold the remainder of its
land grants, realizing from such sales over
i The market closed with the following prices
hid: