The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-11-06
CONDITION OF THE MARKETS.
Wheat Advances Slightly Under Free
Buying and Reports of Light Receipts.
Corn Strong at' the Prices Prevailing on
Wednesday-A Good Demand Causes o
Very Strong Feeling in Provisions.
MONEY, BONDS AND STOCKS.

Railway Bonds Active and Firm-Stocks Act
I've but Not Very Firm.
NEW YORK, Nov. 5.-Money on cali was
easier, loaning az low as l per cent, and at no
ime above A, closing at II per cent
Prime mercantile paper, 405 per cent.
Foreign exchange was dull and unchanged.
The total sales of stocks to-day were 544, GAL
shares, including the following: Canada South
ern, 5000; Delaware, Lackawanna & Western,
1856; Erie, %, rs; Lake Shore, 75,413; Louis
vile g. Nashville, 500; Northwestern, 26, 063;
New Jersey Central 8, 120; New York Central,
JIG. 499; Northern Pacific, 1856; Pacific Mail,
$3.50; Reading, 11,040; ST. Paul. 20,985; St.
Paul & Omaha. 8,405; Texas Pacific, $3.50;
Union Pacific 90, los; Western Union, $500;
Northern Pacific preferred %, 720; Oregon and
Transcontnental, 80, $50.
Government bonds werh dull and steady.
State bonds were dull and heavy.
Railway bonds continue active and generally
firm, although quotations of the more speeula-
tive issues sympathize with the share market
There were sales to day of So 900 000 of which
Erie second consols contributed 1886, 900.
The stock market was very active most of the
day. After an irregular opening and a feverlsh
tone for short time, it was quite strong until
10 O'clock when it developed decided weakness
again. There was period Of dizziness after 2
o'clock, and prices were about steady until late
IN the afternoon, when the market was again
taken in hand by the 'bulls" and few stocks
were advanced l to 2 per cent. The rest
of the list followed slowly making,
In majority of cases. only fractional
gains. The advance was not fully maintained
TO the close, but the market closed firm at the
quotations ruling, which in some instances,
were the highest OF the day. The total sales
foot up 544 600 shares Eight stocks contributed
GA per cent. of the days business. Lake Shore
leads, with transactions amounting to 75,400
shares ST. Paul was coed second, with sales of
7l,000 shares. The transactions in Wvrgtern
Union amounted to ST. 500 shares. The next
most active STOCK Oregon and Transcontnenta
contributed only 80, 600; the next in order were
Union Pacific, Lackawanna, Northwestern ana
Northern Pacific preferred The advance. which
eliminated about o'clock, carried st.
Paul up per cent from last evenings
closing figures; Union Pacific went
up Il; Western Union, Il; Northwestern, L., and
Lackawanna, per cent Western Union then
fell from 80 to 49,. Lake Shore from 84s to 83s
Union Pacific from 574 to 56a, New York Cen
trail from 1922 to 1921, st. Paul from 93s TO 92a
Northwestern from 1l21 to 111s. Lackawanna
from 121 to 100. and others smaller amounts. In
the last ten minutes st. Paul advanced per
cent, making the net advance fromJast even
ipS's closing figures 81. at which it closed. Lake
Shore Union Pacific and Northwestern each
show net gains of Il, of which was lost in the
final dealing in the last mentioned. Other
stocks which to-day sold over per cent. above
the closing quotation yesterday were West
ern Union, Il; Delaware & Hudson.
II; Canada Southern and Lackawanna, each
III; Omaha common, Ii. The statement that
two or three large blocks Of Union Pacific stock
had been purchased and shipped to London is
denied. 1t is claimed the story circulated
to enable the pool to find market for its hold
ings, Parties who insist that the stock is at
present selling above its value, compared with
other securities, give as the reason the near
completion of the Canadian Pacific and the At
lantic & Pacific connections, by which competing
transcontinental routes are established. thus
making the competition so lively that there must
ings compared with past years. A good deal of
'1ong' stock was thrown on the market during
the afternoon board.
The market closed with the following prices
bids