The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-11-11
CONDITION OF THE MARKETS.
Wheat FIuctuates Within a Narrow
Range, and Closes Slightly Higher.
Continuation of the Excited and Buoyant
Feeling in Corn-Provisions Active, but
Prices Suffer Slight Decline.
MONEY. BONDS AND STOCKS.
Moderate Activity in Railway Bonds-A Great
Change in the Stock Market.

Moderate Activity in Railway Bonds-A Great
Change in the Stock Market.
NEW YORK, Nov. 10.-Monev on call was
easy at 2S3 per cent
Prime mercantile paper, Al 05a per cent.
Foreign exchange was quiet at S. S2a for sixty
days and 81. 84a for demand
The total sales of stocks to-day were 456, 623
shares, including the following: Delaware, Lack
awanna & Western. 1892; Erie, 1925; Kansas
81 Texas, $3.50; Lake Shore, &c. 715 Louisville e.
Nashville 39,285 Northwestern, IA, 900; New
Jersey Central, Is, $40; New York Central AZ, $780,;
Ohio Central, 3.460; Reading 1000; ST. Paul.
72067; Texas Pacific 8, 356; Union Pacific, 3d. 995;
Western Union, l,035; Northern Pacific pre-
ferred, 1850; Oregon and Transcontinenta
1884
Government bonds dull and steady.
State bonds active but heavy.
The railway bond market was moderately act
i've, but most of the sales in small lots, and
the trading consequently widely distributed
There was decided advance in some of the
Louisville g. Nashville issues Evansville Hen
derson q Nashville frsts gaining 81, the st.
Louis division seconds Al, and the New Orleans
IL Mobile firsts T. The general skies I'M
changed, at l04a. There also great ad-
vance in Texas & St Louis in Missouri & Ar
kansas firsts, at Al @444, against 81 at last pre-
vious saes Houston & Texas seconds, main
line, declined IL.
The tone of the stock market has changed
greatly within the past ten days. It is gradual
ly growing more feverish and irregular, although
the final figures to-day show in majority of
cases. gains over yesterday. The strength is
apparently the direct outgrowth of nanpula
ton The movements up and down are ex
tremely inharmonious. Over 80 per cent of the
days business was in ST. Paul and Western
On1on -Four other stocks-New York Central,
Louisville & Nashville Lake Shore and Union
: Pacltc-with sales between 43, 300 and $4,000
shares each, contributed over 33 per cent more.
The rest of the list was unusually dull and
featureess. The sales of Lackawanna were less
than z 400 shares-a stock that only recently led
the market in activity and strength. At the
opening this morning prices were irregular.
Louisville q Nashville led, with gain of (;
New York Central was up 5, and other active
stocks were unchanged, or a shade lower.
There was an irregular movement during the
forenoon, but generally within narrow limits.
The lowest prices of the day, in most cases.
were made between the opening and II o'clock
In some cases at the opening in others shortly
before ldday; there was squirt of activity
and strength shortly after noon, which lasted,
however, only few minutes. But from that
time to the close. with only moderate
reactions, the market may be called strong,
little below the best figures, but with gains of
weak in the morning. selling from 76s to II in
the early dealings, and then down to 75a. but it
developed corresponding strength later in the
day, advancing to 78s, from which there was a
1scided reaction finally closing at 77s. New
York Central was prominent for it's strength
throughout the day, and it closed with gain of
H. at shade below the best figure. Lake Shore
also developed considerable strength, and closed
with a gain of J. st. Paul was heavy
in the early dealings, at fractions be-
low SO. but it rose in the afternoon
to 953. at which it closed. The morning news
regarding this stock was unusually bearish and
1t was said that the leading brokers in the stock
had called in large number of their loans
The character of the news after midday was
more bullish in tone. which was shown by the
advance above noticed: l.. & N. sold up to 504
and closed lower, with net gain of Il. The
feature of the days operation was the trading in
Manhattan Consolidated which has been ex-
tremely dull, entirely neglected, for some
time past. The sales to-day amounted to 80 900
shares, during which the price rose to liz and
closed per cent lower, with net advance of
II per cent.
The market closed with the following prices
bid:
Three Der cent bonds i03 Il 30