The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-11-22
LOWER PRICES FOR GRAIN.
Wheat Opened Weak, Fluctuated Slight
ly and Closed a Fraction Lower.
Corp, Ruled Quiet and Generally Easier-The
Provision Market Opened Weak, but
Rallied and Closed Steady.
MONEY. BONDS AND STOCKS.

MONEY, BONDS AND STOCKS.
Railway Bonds Active and Generally Higher
Stocks Less Active.
NEW YORK, Nov. 21.-Monev on call was
easier at II 02a per cent, closing strong at q.
Prime mercantile paper, Al as per cent
Foreign exchange very dull and unchanged
The total sales of stocks to-day were $685.
$50 shares, including Delaware, Lackawanna
& Western, 1926; Erie, Al, 100; Kansas Tex
as. Ga, $40: Lake Shore 45040; Lake Erie e.
Western, 1925; Memphis & Charleston, $500;
Northwestern, IT, 2l5; New Jersey Central, ], 625;
New York Central, 9900 Northern Pacific,
67,005; Ohio Central. 5,430; Pacific Mail, &c.
040; Peoria, Decatur e. Evansville, 12,515; ST.
Paul, Sc 311 ST. Paul & Omaha, 5,715; Texas
Pacific, 20, 8O5; Union Pacific, 10665 Western
Union, 26, SCI; Northern Pacific preferred, a.
el5; Oregon & Transcontinental 30,669.
Government bonds were dull and steady.
State bonds were dull, but firm.
The railway bond market failed to sympathize
with the movement in shares, either as to
amount of business done or quotations estab-
fished. The general bond market was even
more active than yesterday, the sales amount
ing to 81 ACC 600. and prices are generally high
or. Railroad bonds have been more active dur
ing the week which closed this evening than at
any time for number of years The reported
sales $32, 200, 900, against $2l 594, 900 last
week. Prices have also been strong and advanc-
ing throughout the week, especially for some Of
she issues shat are selling below par
There was quite reaction in the stock market
to-day, accompanied by less activity, although it
cannot be said that a business which covers
b93 300 shares is quiet market. Over 900
shares were contributed by Missouri Kansas
& Texas, St Paul, Lake Shore and Erie com
mon. The feature, however, was the break in
the trunk lines, and some of the low priced
stocks that have made very great advances with
IN the last few days. following the announcement
made regarding both the present and prospective
action of the Baltimore & Ohio rail
road London quotations were off about
i per cent, and the result was
weak opening first prices generally showing de-
clines of to !, and there was a further decline
in the early transactions of fractional amounts
for the general list and to over per cent. In
few cases. Although there was a moderate re-
action later, the opening was generally about the
highest of the day. After the first hour the
market became more quiet. The announcement
was made late in the afternoon that a
contract would be closed. probably this
afternoon, by the Baltimore & Ohio by which it
would secure connection over the Bound Brook
route, and short line to be built to the Staten
Island rapid transit lines Of Staten Island. the
impression in the minds of operators that further
trouble was impending between the trunk lines,
and that an early restoration of rates was prob
lematic. There very decided break in the
Vanderbilts and Jersey Central, and general
weakness throughout the list in the last hour
which Immediately followed the statements
above referred to, and the market closed
irregular and feverish, but generally weak, at
prices which are in most cases only trihe
above the lowest figures of the day. The net
declines over per cent, with range be
sween fractions and p per cent In the active
list Jersey Central lost Il, and Reading per
cent. Lake Shore was only moderately active
in the forenoon, at S7s0S7R. rallied after mid
day to 49,. but closed at 81 decline of Il. New
York Central is down Il. Among the grangers
Northwestern lost Il, ST. Paul II, Manitoba j.
and Denver & Rio Grande J. !, Pacific Mail !, and
the Northern Pacific ard their associates. or Ore
gon Transcontnental and Oregon Navigation, J to
II. Among the low priced securities, Indianapolis
Bloomington q Western conspicuous. with
I per cent comparison of prices this evening
few cases that are important, among which
Pacific Mail which has made net gain of Il
per cent, Oregon Navigation 81. NJ, K. & T.
a. Oregon Transcontinental Al, Northern Pa
eific common q and preferred 81, and North
western q. The other changes are for small
amounts except among some of the low priced
ones. Sales for the week are the largest on
record, being 359. 900 shares, of which ST. Paul
contributed 592 900; Erie common 260, 425; West
ern Union 254, 592; Oregon Transcontinental,
200 $50, and Northern Pacific preferred, POP. $50.
The market closed with the following prices
bid