The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-11-07
CONDITION OF THE MARKETS.
Wheat Opens Strong, but Slowly and
Steadily Declines to a Weak Closing.
Less Animation but Firmer Feeling in Corn
Provisions Steady and Firm at the
Figures Current on Thursday.
MONEY, BONDS AND STOCKS.

A Good Business in Railway Bonds-A De-
crease of Activity in Stocks.
NEW YORK, Nov. 6.-Monev on call was
easy at II 03 per cent, closing at 2 per cent.
Prime mercantile paper. Al a 81 per cent.
Foreign exchange was dull at 81 SO for sixty
days, and 81 842 for demand.
The total sales of stocks to-day were 442, $40
shares, including the following Canada South
ern, 3900 Central Pacific, $500; Delaware,
I.ackawanna & Western, 1910; Erie, 1920;
Kansas 6 Texas, 1920 Lake Shore, 5o,338;
Louisyille & Nashville, 1920; Northwestern,
1900; New Jersey Central, Ia, 465; New York
Central, 647O; Ohio g. Mississippi, $500; Pacific
Mail, S, 1885, Reading, 6,732; st. Paul. 69,375; ST.
Paul g. Omaha $685. Union Pacific. 81, 705;
Western Union, SO, 432; Northern Pacific pre-
fsrred II, 463; Oregon and Transcontinental, 49,
s2O
Government bonds were dull aud steady.
State SEnds were fairly active and steady.
A well-distributed business continues in rail
road bonds The trading in some of the more
speculative issues, however, has recently fallen
off very materially, resulting in considerable
reduction in the amount reported sold from day
20 day. The largest business to-day was in lie
second consols, A. 81 p. and East Tennessee.
The stock market was less active, espec lily
50 during the forenoon. The total sales were
442, 900 shares. More than half of the days bus
mess was done in the first two hours Omaha
gained !, st. Paul and Missouri Pacific II
early in the day. The opening quotations were
generally higher by ] to ! than the closing fig
ures last evening. There was considerable
weakness developed during the forenoon, fol-
lowed by less active market, which was again
succeeded by a further decline, and
feverishness at times. The market finally closed,
in most cases, shade higher than the lowest
figures of the day, but bottom quotations were
generally established late in the afternoon, with
fuctuation for the most active stocks of l to l.
per cent. The market this evening is from to
IL lower than yesterday, with exceptional fur
ther declines in Michigan Central of IL, and New
Jersey Central of Il. Lackawanna lost IL,
Western Union, Canada Southern, Manitoba
and Missouri Pacific II: Northwestern, II, and
others less than per cent. Nearly 40 per cent.
OF the business was done in st. Paul, with sales
Of 69, 600 shares; Western Union, So, 600, and
Lake Shore so. $40 shares. They were also prom
inent for fluctuations in prices. ST. Paul sold
quickly from 94s to 954, yielded in the forenoon
to 944, and again sold up TO 954 before midday.
In the last hour it again touched 94a rallied to
500. and closed at Ola net loss of per cent.
Western Union was the highest at the opening.
79s. and in the morning declined to 49,; it's low
est quotation. There was rally before noon to
79s, and late in the day decline again to 784,
from which shere was advance to 794 and
final closing at 49, Lake Shore sold at 84a q So
0830844, and late in the day broke from 84s to
1876 and closed higher. Union Pacific is prom
inent exception to the general rule closing at an
advance of J. at which it also openeu selling from
that price up to 58s, back to $685. but breaking in
the final dealings to ga, and closing higher,
with sales of 81, 100 shares.
The street was supplied with many re-
ports from Commissioner Finks office,
puRporting to give the progress that
was being made in the programme of the
tfunk-line presidents. 1t has generally been
understood for some time past, that one Of the
most difficult questions to be settled by the pres
idents was that presented by the Baltimore e.
Ohio in it's efforts to reach New York. President
CARROTS absence today was interpreted as indi-
eating that he was not in sympathy with the
pending negotiations This is denied from some
quarters, and confidently believed in many
others.
The market closed with the following prices