The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-11-25
CONDITION OF THE MARKETS.
The Statement of the Visible Supply
Causes q Weak Feeling in Wheat.
Large Buying, However, Tends to the Main
tanning of Steady Prices-COrn Closes
Higher-Provisions Very Steady.
MONEY. BONDS AND STOCKS.


Upward Tendency In Stocks.
NEW YORK, Nov. 24.-Monev on call was
easy at q 03 per cent, closing at q. Prime
mercantile paper, 4995l per cent
Foreign exchange was quiet and unchanged.
The total sales of stocks to-day were 649,-
986 shares including the following: Canada
Southern, 7,76O; Delaware Lackawanna q West
ern, 81, 700; Erie, 1,O95; Kansas & Texas, 3D.
735; Lake Shore, 9O0l0; Louisville 81 Nashville
IO,895; Northwestern, 2.570; New Jersey
Central, 9,43o; New York Central, 49, $780,
Northern Pacific, 1878; Pacific Mail,
JIG, sO5; St. Paul, 1o1, $40, Texas Pacific, 49, 63O
Union Pacific, 9.24O; Western Union. 27,095
Northern Pacific preferred, 29.315; Oregon &
Transcontinental, 12768
Government bonds were dull and steady.
State bonds were quiet and steady.
The sales of railroad bonds amounted to &c.
z39, 500, considerable falling off from that for a
week past. Erie second consols show sales of
t1,O45 OO0 at net advance of 2 per cent At
lantic 81 Pacific incomes show a gain of per
cent, with sales of 1910, 900.
There was a very decided change in the tone of
the stock market to-day. Considering the amount
of hammering that was done yesterday, the mar
ket exhibited great deal of strength, but closed
days market established advances of from l to
over per cent 1t is said to-day that a
protracted meeting of some of the leading bank
ers and operators, who have been conspicuous in
the advances of the past three months was held
last night, and that it was then decided to give
the market such support as might be found
necessary to insure a substantial check to the
decline of the past few days Nearly everything
on the active list strong at the opening,
first prices showing advances from small frac-
tions to over l per cent, and with
the exception of moderate reaction dur
ing the first hour, the market was persistently
upward all day. The Vanderbilts exhibited the
greatest strength Lake Shore made gain of
York Central and Michigan Central are up 81
per cent each. Late in the afternoon it was
announced that the West Shore had been sold at
Newburg to Mr.. J. Piermont Morgan. This was
the signal for further decided advance in New
York Central and Lake Shore, each of which
rose oyer per cent in the last hour, on very
heavy transactions. The rest Of the
active list responded promptly, and the
market closed active and strong St Paul
led the list in amount of business
done, the sales aegregating l01, 345 shares, dur
ing which the price rose 3 per cent, and closed
lower, at 972 Missouri. Kansas & Texas was
per cent; Pacific Mail is up q; Union Pacific,
Erie and Delaware & Hudson q each, and
Northern Pacific preferred and Oregon Railway
& Navigation each g. The other gains are gen
orally for more than l and less than per cent.
In single day the market has regained all that
it lost since Friday evening. The total sales
were $50, 600 shares
The market closed with the following prices
bid