The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-11-17
THE STATE OF THE MARKETS.
Futile Attempt of the Bulls to Put Up
the Price of Wheat.
The Market Opens Firm, but Closes Weak and
Lower-Corn Dull and Weak-Pro-
visions Weak and Lower.
MONEY. BONDS AND STOCKS.

MONEY, BONDS AND STOCKS.
Railway Bonds Unusually Active-Heavy
Sales of Stocks.
NEW YORK, Nov. I6.-Monev on call was
easy at 203 per cent
Prime mercantile paper, Al 05a per cent
Foreign exchange quiet at $4.e2a for sixty
days "a. 81 for demand
The total sales of stocks to-day were 767 964
shares, including Canada Southern, 5, 265; Della
ware, Lackawanna g. Western. u,5?1; Erie,
60550 Kansas e. Texas, 50, 095; Lake Shore, AZ,
328; Louisville & Nashville, SOLO, Lake Erie &
Western, 1850; New Jersey Central, 5,1l8;
Northwestern, 1920; New York Central, 49,
$40; Northern Pacific, IL. $50; Ohio & Missis-
sippi 1900; Reading, 5,400; st. Paul. 165, $50;
St. Paul & Omaha, 16, 400; Texas & Pacific 49,
$40; Union Pacific, Is $685. Wabash Pacific, IT,
667; Western Union, $3.50; Northern Pacific
preferred, 45,661; Oregon & Transcontinental.
29,4O0
Government bonds were dull and steady.
State bonds were dull with tendency to
weakness.
Notwithstanding great activity in the railroad
stock market, the trading in railroad bonds was
very large. The total reported sales were So, 500,
000 Over one-half of this nearly equally
divided between Erie second consols and Atlantic
& Pacific incomes The remainder of the business
was widely distributed. With few exceptions
prices are higher. Atlantic g. Pacific incomes
were particularly active during the afternoon,
and closed with an advance of per cent. Erie
seconds made a net advance of per cent
This was another extremely active day on the
Stock Exchange. The sales during the first two
hours of business were never exceeded
In the same length of time The total
sales of the day amounted to 766 900
shares. The business continues to be con fined
principally to few stocks ST. Paul, Western
Union, Erie, Northern Pacific preferred, Lake
Shore and Missouri, Kansas 81 Texas contributed
z75, 800 shares. ST Paul was again the leading
feature The transactions foot up 165, 500 shares,
and for the past two days 3lS 600 shares, or
more than the total capital stock, common, of the
company. 1t is now generally conceded that the
Dsss5iic was an active ouyer Of stocks last week.
The general market was very strong at the open
ing. The gains range from to per cent FOR
the active list. In some cases there were fur
ther slight advances, then the market became
heavy and lost fractional amounts. By II o'clock
another upward movement had begun, which
carried quotations, as a rule. to the highest
prices OF the day some time before l o'clock
AIter l. O'CLOCK the movement was down
ward, although there were reactions. The
lowest quotations reached were in the
last hour, in many cases a few minutes before
the close. In the final dealings an upward turn
was given, and the market closed apparently
strong The strength however, was of srcn ex-
tremely short duration, as to impart but little
hrmress to the dealiucs The movement of
prices throuenyut the day was irregular, and for
-.osp or the time feverish The low priced
stocks, that have been dormant for long time
past were not forgotten. There active
trading in Atlantic & Pacific at TO- "a III. closing
at 10s, with sales of IA 300 shares. It is under
stood that a strong bull" pool has been formed
in the stock, and bonds of this
company. Mobile e. Ohio sold at
I4s0152, and closed at 15 st. Paul
and Duluth sold from 294 to 3ls, but closed at
30a and the preferred advanced from Oh to 93aa,
closing at 93ac. The closing quotations this
evening. as compared with Saturday, show gen
~eral advances, ranging from ] to over per
cent Among the old active list, Western
Union, Pacific Mail and the Northern Pacific
the only stocks that show net gain of as much
as per cent. There was decided activity in the
Wabash issues, the sales of common amounting
to Il, 700 shares 1t closed with gain of 9
per cent, at 12R, after selling at 13,
while the preferred closed with a gain of %.
The only important declines are in Louisville g.
Nashville, !: St Paul, ]; Lake Shore and Lacka-
wanna, each !. Northwestern, Michigan Central
and Texas 81 Pacific are unchanged.
The market closed with the following prices
bid: