The Indianapolis journal., 1885-11-10
CONDITION OF THE MARKETS.
Wheat Opens with a ''Bullish' Feeling,
but the Advance subsequently Lost.
Renewed and Increasing Activity in Corn,
with an Urgent Demand for Immediate De-
livery-PrOvisions Strong and Higher.
MONEY, BONDS AND STOCKS.

An Active Demand for Railroad Bonds
Stocks Very Active but Irregular.
NEW YORK, Nov. 9.-Money on call was
easy at q a03 per cent
Primo mercantile paper Al 05a per cent
Foreign exchange was dull at $4.s3 for sixty
days and 81. So for demand
The total sales of stocks to-day were 492, La
shares, including the following: Canada South
ern, 400; Central Pacific, 4,690 Delaware,
Lackawanna & Western. a., 576 Erie, 16,840
Kansas & Texas 7,140; Lake Shore, "a, $40;
Louisville g. Nashville, 31,981; Northwestern,
1910; New Jersey Central, IL, $40; New York
Central, %, 479; Pacific Mail, 4,650; Reading, T.
625; st. Paul, &c, 450 ST. Paul & Omaha, 5, $50
Texas Pacific, 5000; Union Pacific, 6O690; West
ern Union, 81, 430; Northern Pacific preferred,
1920; Oregon and Transcontinental, S,548
Governments were dull and steady
State bonds were dull and heavy.
Railroad bonds continue active. The total
sales to-day were So, $4,000. Prices were gen
orally lower
noon, and prices for some of the most active
stocks were quite feverish and irregular In the
afternoon it drifted into decided dullness, espe-
claly when efforts were made to check the tend
ency to lower prices, which was a prominent
feature Of the afternoons operations. The total
sales for the day were 492, It's shares
but 191, 500 were contributed by three
stocks-St Paul, Lake Shore, and Union
Pacific, the sales in each case being between
$4,000 and 66,000 shares. There was compar-
Rtively active business in Louisville e. Nash
VILE moderate trade in New York Central
and Western Union, and limited business in
the rest of the list. At the opening prices were
irregular, ranging between decline of ! and an
advance of {, but in early dealings there was a
general decline, followed by reaction. during
OF the day were made, while in
others the opening prices were the best For a
time, after noon, the market was steady it then
developed increased activity but during the last
hour the fluctuations were within very narrow
limits, and quotations were about steady until
near the close. when they yielded small fractions,
and the market closed heavy. The special feature
OF the day was the strength developed in Union
Pacific. This stock opened with an advance of
&, at 500, rose to GIT, yielded to COZ, rallied
to 6l, sold again at 60, and closed at
60s an advance of II per cent. New
Jersey Central, Delaware G. Hudson, Louisville
& Nashville, Michigan Central and Manitoba all
show gains of small fractions 1t is said that
the recent strength displayed in Louisville e
Nashville has been due to the granting of per-
manent injunction restraining the City Council
OF Louisville from guaranteeing 81, 900, 900 bonds
to aid in the construction of competing line be-
tween Louisville and Danville. The rest of the
market is from ] to Il lower. ST. Paul and
western Union show the heaviest declines.
Lake Shore was very active in the forenoon,
selling from 8Gs to $751; back to S6a and again at
&c before midday Before the afternoon it fell
per cent, and closed with loss of II. New
York Central is unchanged. Lackawanna
closed with net loss of l.. The other declines
are fractional.
The market closed with the following prices
bid