The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-11-26
CONDITION OF THE MARKETS.
Wheat Opens Firm, but Becomes Heavy,
Accompanied by Lower Prices.
Considerable Selling in the Afternoon Causes
aWeak Closing-Corn and Provisions
Rule Weak and Lower.
MONEY. BONDS AND STOCKS.

Railway Bonds Comparatively Quiet-Less
Activity in Stocks
NEW YORK, Nov. 25.-Money on call was
easy at 2a3 per cent.
Prime mercantile paper was in demand at Al q
81 per cent
Foreign exchange was firm and unchanged.
The total sales Of stocks to-day were 543,-
81 shares, including the following: Delaware,
LAckawanna g Western, %, $40; Erie 26. $40;
Kansas g. Texas, 1885, Lake Shore, 81, 648;
louisville & Nashville G. 900; Lake Erie & West
srn. 5, 10; Northwestern, 1920; New Jersey
Central, 23.l35 New York Central, 1900;
Northern Pacific, $3.50; Ohio Central, $500,
Pacific MAIL 1885; st. Paul, SO, 10; Union
Pacific. 6,740; Texas Pacific. 41,415 Western
Union. $4,000; Northern Pacific preferred, 49,
sSS; Oregon e Transcontinental, $4,000
Government bonds were dull and firm to-day.
State bonds were more active and strong
The railway bond market was comparatively
quiet this forenoon, but more active after mid
day The total sales were large, amounting to
"a, COG, 900, of which Erie second consols con-
Eibuted over a million. Notwithstanding the
heavy tone Of the stock market. the railroad
bonds dealt in generally show advances
The stock market was less active to-day. The
total sales amounted to $40, 900 shares. The
London quotations showed very decided advances
over last evening The closing figures and open
Ing quotations at the New York Stock Exchange
were generally from ! to { higher, although
there were few cases in which first prices
we're lower, and others where there was no
shange. slight advance Immediately after the
spening marked the highest quotations of the
day. On active selling prices declined in the
nrst half hour materially, and then the market
became more quiet, and advanced very slowly
followed by another decline in the afternoon,
and later quick upward movement, which was
succeeded in the last half hour by a steady,
but comparatively firm tone, the
market finally closing generally strong
at figures that are neither the
highest nor lowest of the day, but generally
lower than the closing prices yesterday. Over
81 per cent of the days business was done in
Missouri, Kansas & Texas, Erie, Lackawanna,
Oregon Transcontinertal, New Jersey Cen
trial, Northern Pacific preferred New York Cen
tral and Pacific Mail contributed little over 33
per cent more. The remainder of the bust
ness was widely distributed. in small amounts.
The weakness is attributed to effort on the
part of room traders to realize profits made yes
terday, and to the prevalent disposition to close
accounts over a holiday. New Jersey Central
was conspicuous for its activity and closed with
o net decline of II per cent. Western Union
and Pacific Mail, Louisville & Nashville. and
Manhattan Consolidated closed with a net loss of
/ per cent each. Northwestern is down IL, and
Lackawanna Il The other declines in the act
i've list are for less than / per cent. OF the
Vanderbilts, New York Central shows q loss of
I, and Lake Shore per cent
The market closed with the following prices
bid