The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-11-19
CONDITION OF THE MARKETS.
The Wheat Market Fairly Active and
Prices Rather Firmer.
Corn Active and StrOng-Provision Active
and Higher All Around-Other Articles
Show No Special Change.
MONEY. BONDS AND STOCKS.

MONEY. BONDS AND STOCKS.
Continued Activity in Railway Bonds-Big
Business in General Stocks.
NEW YORK, Nov. 18.-Monev call was
easy at 203 per cent closing at q per cent.
Prime mercantile paper, Al 053 per cent
Foreign exchange very dull at 1882 a A. 23
for sixty days. 81 S4a for demand.
The total stock sales of stock to-day were
TIA, 200 shares, including Canada Southern,
7,045; Delaware, Lackawanna & Western, 49,
go; Delaware g. Hudson $685. Den
yer 6 Rio Grande 4,74O Erie, 1000; Kansas &
Texas, 5O,9l5: Lake Shore, 81 800; Louisville &
Nashville 9,4OO; Lake Erie & Western, 1920;
Missouri Pacific, 1925: New York Central, TO-
0GO Northern Pacific, q, 400; Pacific Mail, 80 1914;
& Pacific, 239l7 Union Pacific, 22,293;
Western Union. $780, Northern Pacific
5s,o68.
Government bonds were dull and strong.
State bonds were fairly active and steady.
There is no abatement in the activity in rail
road bonds. The sales to-day foot up 81 1885, OO0
None of the issues were particularly prominent
for activity, although good business was done
IN Atlantic e. Pacific. Erie second consols. Mis-
and some of the Texas & Pacifcs Prices
generally higher, but the gains in many cases
are for only small fractions.
Never before in the history of the Stock Elk
change was the market active as for time
to-day. The total sales for the first half-hour
were Loo, 600 shares and for the hour 225, 900
shares. Between 10 and IL o'clock the reported
sales were 400 600 shares. 1t is certain that the
actual business was materially larger. as it
was absolutely impossible to obtain reports of
n trap ne rkat
throughout most Of the day, and the total sales
were among the largest on record-774 400
shares. They slightly excelled one day
last week. The reported sales on a single day.
several years ago, were little over 100000
shares. st. Paul continues to lead. with sales
to-day of l07 800 shares Seven other stocks
Western Union, Missouri, Kansas e. Texas
Northern Pacific preferred, Northwestern, Ore
gon Transeontinental. Lake Shore and Pacific
Mail-contributed $4,000 shares. The re-
naming 10000 shares, or good
average days business were well dis
tributed among ninety eight different stocks.
The London quotations this morning were again
higher. and the market opened on the New York
Exchange with intense excitement. Louisville
q Nashville, St Paul. Pacific Mail, Northern
Pacific preferred and Reading made gains of !
to per cent. The movement of prices during
the day was unusually irregular. Although the
general tendency was strong, during the early
dealings, there were notable exceptions, in
which very little, if any, gains were made.
Prominent for their advances were Pacific Mail,
and New Jersey Central, each of which rose %
per cent; Missouri Pacific gained Il; Missouri,
Kansas & Texas, Il; Manhattan consolidated,
IL Western Union, St Paul, Denver and Rio
Grande, and Oregon Navigation, each, per
cent; New York Central and Erie preferred made
their highest quotations at the opening. and
Erie common Union Pacific, Lake Shore, Read
ing, Oregon Trarscontinental, and the Wabash
made advances of only small fractions. After mid
day the market became weak, followed later by
moderate rally, and again lower late in the
afternoon The afternoon decline followed
rumors of failure of the trunk lines to complete
their pooling arrangements. The closing prices,
compared with those of yesterday, present
very irregular appearance. Pacific Mail shows
net advance of 2 per cent; New Jersey Central,
Ii; Missouri, Kansas & Texas, IL Denver e. Rio
Grande is down 81 Wabash preferred q per
cent; Lake Shore is down II, and Erie, New
York Central and Michigan Central, Union Pa
cife and Omaha common fractional amounts
Indiana, Bloomington e. Western, Lake Erie q
Western New York & New England, and st.
Paul g. Duluth, all were prominent for their
activity and gains. The advances however, were
In q great measure lost in the afternoon in most
cases. 1t is estimated that $15, 900, 900 of So
public through Wall street during the past thirty
days Jay Gould says that he has advised his
friends not to buy any stocks, rs the present
movement is speculative craze that must end
IL disaster
The market closed with the following prices
bid: