The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-11-12
CONDITION OF THE MARKETS.
Wheat Temporarily Loses It's Place in
the Estimation of Spectators,
Who Devote Almost Their Entire Attention
to Corn and Pork-A Day of Great Ex-
element in the Corn Pit.
MONEY, BONDS AND STOCKS.

Increased Activity in Railway Bonds-Stock,
Buoyant and Strong.
NEW YORK, Nov. u.-Money on call wa!
easy at 293 per cent
Prime mercantile paper Al 81 per cent.
Foreign exchange was dull and unchanged
The total sales of stocks to-day were sol, GA:
shares, including the following: Canada South
ern. 4,S25; Delaware, Lackawanna g. Western
9,872; Erie 96, 905; Kansas & Texas, 1920; Lake
Shore, GO, $50; Louisville 6 Nashville, %, 805
Northwestern, %, 08s; New Jersey Central, g.
S65; New York Central, 80, 528; Ohio & Missis
sippi, 1925; Pacific Mail, 1910; Reading, IT, 400
ST. Paul. 79. TO; Union Pacific 30, GAO; Western
Union, 30,085; Northern Pacific preferred, 16,
40; Oregon and Transcontinental, $3.50.
Government bonds closed dull and steady.
State bonds were quiet and heavy.
There was increased activity in Erie second
consols to-day, these bonds closing at an advance
Of e per cent 1t was said that the Erie direct
ors had decided to pay the December coupon on
these bonds, but its published denial later had
no effect upon the price. The total sales were
50, ,000 and the business was fairly we'll dis
tributed. After Erie. the largest trading was in
A. & P, Chesapeake & Ohio, and Fort Worth &
Denver firsts; the bonds last mentioned were
very strong, and closed with net gain of IL
The A. e. p. incomes closed with loss
of per cent. The Chesapeake & Ohio issues
were very strong. the skies and series B coupons
closing H. and the currency SKIES per cent.
higher. The Chesapeake. Ohio 81 Southwest
ern bonds are up per cent from the last previ-
GUS sales. Houston & Texas seconds rose II,
Indianapolis, Decatur & Springfield frsts, and
: the same, ex-refund coupon, 81; New Orleans
Pacif c firsts. coupon off, II; Western Pacific
skies. II. There are very few instances in
which quotations show any material decline, but
Oregon railways are down per cent
The recent hesitancy in the stock market was
followed by increased activity and strong tone,
during the forenoon, which developed into buoy
ancy later in the day. One of the most promi
nent features of the market continues to be OK
treme activity and apparent stregth in few
stocks, to the neglect Of the rest. To-day Erie
contributed 96, 900 shares Of the days business,
against ii. 300 shares yesterday and three stocks
Erie, st. Paul and Lake Shore-furnished
240, 600 shares, against l20 900 shares yesterday
The total sales were sol GAP shares, an increase
OF 105, 600 shares over yesterdays business.
With the exception Of half dozen stocks, the
sales to day were for small amounts, and the
fluctuations only moderate. The preparations
for strong opening this morning began almost
Immediately after the close of the Exchange
yesterday, and for an hour after o'clock, the
AcLIV6 STOCKS were III demand on the
street. At the opening this morning ev-
erything on the list was higher, the advance
ranging from to : per cent. During the fore
noon prices were comparatively steady, within
range of about per cent. A decided upward
movement, which continued throughout the
afternoon, began shortly after midday. 1t can
not be said that the rumors current affected
prices, as the rumors came after advances had
been made, and were doubtless the outgrowth of
the sudden movement upwards. Tine street
was told that Erie common rose per cent in the
afternoon, because of the coupons on the
two consols would probably be paid next
month, and even this, when investigated,
proved to be still a matter of uncer
tainty. With sales of a little less
than 100 900 shares, the stock rose to and closed
at 24s: st. Paul also strong, advancing
after IL o'clock, from little above SO to 974, but
later on the stock stock showed some feverish-
ness, and finally closed lower, with a net ad-
vance of L. The Vanderblts exhibited de-
eided strength, but did not move up as rapidly
IS lhe others. Lake Shore is ur IL and New
York Central per cent Central Pacific, which
seldom attracts any considerable attention,
gained %. Manitoba advanced % The other
stocks that made a net gain of only per cent.
are Union Pacific, Louisville e Nashville. Mis-
souri, Pacific and Northern Pacific preferred, but
there is not stock on the active list that does
not show some gains
The market closed with the following prices
hid: