The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-11-23
LOWER PRICES FOR GRAIN.
Wheat Opened Weak. Fluctuated Slight
ly and Closed a Fraction Lower.
Corn Ruled Quiet and Generally Easier-The
Provision Market Opened Weak, but
Rallied and Closed Steady.
MONEY. BONDS AND STOCKS.
Railway Bonds Active and Generally Higher
Stocks Less Active.

Railway Bonds Active and Generally Higher
Stocks Less Active.
NEW YORK, Nov. 2L-Monev call was
easier at II 02a per cent, closing strong at "a.
Primo mercantile paper, al as per cent
Foreign exchange very dull and unchanged
The total sales of stocks to-day were 593,
$50 shares, including Delaware, Lackawanna
g. Western, 49, 265; Erie Al, 100; Kansas & Tex
as, GA, $40: Lake Shore, 5000; Lake Erie &
Western, 1925; Memphis Sc Charleston, $500;
Northwestern, IL ,2l5 New Jersey Central, ,625;
New York Central, $500; Northern Pacific,
67.005; Ohio Central. 5,430; Pacific Mail, &c.
040; Peoria, Decatur & Evansville 1881 St.
Paul. sc, 311; st. Paul & Omaha, 5715; Texas
Pacific, 20, 805; Union Pacific 10,665; Western
Union 26, SGT; Northern Pacific preferred, "a,
915; 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-
hshed. The general bond market was even
more active than yesterday, the sales amount
ing to 81 466, 600. and prices generally high
er. 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 were $32. 200 000 against $21, 1914 600 last
week. Prices have also been strong and advanc-
ing throughout the week, especially for some of
the issues that are selling below par.
There quite reaction in the stock market
to-day, accompanied by less activity, although it
cannot be said that business which covers
ahara 10 a ot rkot
shares were contributed by Missouri Kansas
q 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 q Ohio rail-
road. London quotations were off about
i per cent. and the result was a
weak opening, first prices generally showing de-
elines of to {. and there was further decline
In the early transactions of fractional amounts
for the general list, and to over per cent in a
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
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
eject of this announcement was to create 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 was very decided break in the
Vanderbilts and Jersey Central and a general
-=sAaazssass throughout the list in the last hour,
49, atsxasnents
which Immediately followed VIC -
above referred to, and the market closed
irregular and feverish but generally weak, at
prices which are in most cases only trife
above the lowest figures of the day. The net
declines are over per cent, with range be
tween fractions and % per cent In the active
lisb Jersey Central lost II, and Reading per
cent. Lake Shore was only moderately active
in the forenoon, at 875 087a, rallied after mid
day TO $751; but closed at g. decline of Ii. New
York Central is down II. Among the grangers
and Denver & Rio Grande II, Pacific Mail /, and
the Northern Pacific and their associates, or Ore
gon Transcontinental and Oregon Navigation, ] to
Il Among the low priced securities. Indianapolis,
Bloomington & Western was conspicuous. with
sales of ID 400 shares closing with an advance of
i per cent comparison of prices this evening
with those of week ago shows an advance in a
Pacific Mail, which has made net gain of u
per cent, Oregon Navigation 81, NJ, K. & T.
A., Oregon Transcontinental a, Northern Pa
cifc 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 A. 1853, 900 shares. of which St Paul
contributed 592 900; Erie common, 260, 425 West
arn Union, 254, 592; Oregon Transcontinental,
209, $50, and Northern Pacific preferred, 202 $780,
The market closed with the following prices
bid: