The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-11-28
A CARNIVAL FOR THE BEARS
A Decidedly Sh0rp Break in Wheat
Causes Excitement in the Pit.
The Decline the Result of Lower Prices in
Europe-Corn Weak and Lower-PrO-
visions Lower, but Steady.
MONEY. BONDS AND STOCKS.
Less Activity in Railway Bonds-Stocks Veal
and Unusually Dull.


NEW YORK, Nov. 27.-Money on call, 2l203 per
cent.
Prime mercantile paper was in demand at 4lo05l9
per cent.
Foreign exchange, 81 SO for sixty days, and ga 85
Tor demand
The tota sales Of stocks to-day 401 242 shares
Including the following Delaware Lackawanna g.
Western 10000; Erie, IT, $50; Kansas g. Texas,
42,66O Lake Shore, "a, O0O Louisville g. Nashville,
II72O; Northwestern, % 600 New Jersey Central
1885, New York Central, 13, 100; Northern Pacific,
$780, Pacific Mail 10315: st. Paul, IS, 265; Texas
Pacific. 22.5 sos Union Pacific, 1880; Western
Union, 16, 800; Northern Pacific, preferred 10 $780,
Oregon g. Transcontinental 81 ASS. .
Government bonds were dull and steady.
State bonds quiet and steady.
Railway bonds were decidedly less active, and gem
orally steady to strong The total sales were 81
625 900.
Stocks weak and unusually dull the sales
amounting to only 4O2, 900 shares. The most active
stocks st. Paul. Missouri, Kansas g. Texas Lake
Shore, Northwestern, Texas g. Pacific, Lackawanna
snd Oregon Transcontinental which furnished over
SO per cent. of the days business At the opening
prices irregular but the first quotations showed,
IN most cases. advances Of 1s to So per cent? gen.
orally about the best of the day. There decline
In the forenoon of 1a to 10, in which the Wander.
bits led, followed by dull and steady market for
time, and renewed weakness later in the day,
that was checked shortly before o'clock, and an
upward turn given to the final dealings resulting
IN the closing quotations. being from u to q above
the lowest figures reached The market closed barely
steady. The only activity worthy of note late in
the afternoon. The weakness in the Vanderbilts was
traceable to the circulation of reports the part of
the New York Central to the vacation of the
injunction restraining the company from leasing the
West Shore and guaranteeing the bonds of the latter
company. This. and declaration of semi annual
dividend by the Chicago & Northwestern company of
per cent. the common and quarterly dividend of
la on the preferred stock, and dividend Of 3 per
cent the preferred stock of the Chicago St. Paul
Minneapolis & Omaha, furnished about all the i'm
portant of the day.
Nine railroads. eight of which report earnings for
the third week of November and one for the second
show an increase in the earnings, ranging between
small amounts and 1850, by the Northwestern
company, except the Louisville & Nashville, which
shows a decrease of 500, geo as compared with the
corresponding weeks last year.
The movements in Jersey Central were erratic. It
closed with net loss of per cent; Lackawanna is
off 1i4 Reading, L Ii; Delaware & Hudson is up a.
ex dividend of Z per cent. The net loss in Lake
Shore Ia and in New York Central / Il per cent
The grangers decidedly Observation-Disclosures
Ia per cent. Union Pacific is down q; Oregon Rail
way and Navigation, 1as; Erie, Pacific Mail Texas &
Pacific and Northern Pacific, each per cent.
The market closed with the following prices bid: