The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-11-13
CONDITION OF THE MARKETS
4 Dull Day in Wheat, with the "Bull'
Element Decidedly in the Majority.
Less Activity in Corn, Though the Transac-
tions Are Large-PrOvisiOns Quiet for
Futures, but Active for Cash.
MONEY, BONDS AND STOCKS.

Railway Bonds Again Very Active Unusual
Activity In Stocks.
NEW YORK, Nov. l2-Monev on call was
easy at 203 per cent.
Primo mercantile paper, Al ISL per cent.
Foreign exchange was lower at "a. S24 for sixty
days and 81 84a for demand.
The total sales of stocks to-day were 694, 447
shares including the following: Canada South
era, 1896; Delaware Lackawanna & Western
z2,450; Erie, l01, Sis; Kansas & Texas, 5O310;
Lake Shore, "a, 449; Louisville & Nashville,
I3,7l5; Northwestern, $4,000 New Jersey
Central, $500; New York Central, %, $50; North
ern Pacific, 1856; Ohio Central, 8, IT'S; Pacific
Mail. 1885,; Peoria, Decatur & Evansville,
1856; Reading, A, 705; St. Paul. $3.50; st.
Paul & Omaha, $780, Texas Pacific, 26520
Union Pacific 27,350; Western Union, 29,S0O
Northern Pacific preferred, 33140 Oregon 6
Transcontinental, 23,210.
Government bonds were dull and steady
State bonds were active and strong.
The railway bond market was again very act
I've, the total sales amounting to 49, $780, O00 There
was a moderate speculative business in some OF
the issues Of the Atlantic & Pacific, Chesapeake
81 Ohio, East Tennessee. Virginia 81 Georgia,
and Missouri Kansas & Texas and Texas Pacific
coupons There were sales Of $871, 900 of Erie
second consols, which closed L. higher The
Chesapeake & Ohio skies. series B, coupon off,
are up Il; Kentucky Central firsts, 81 Texas
Pacific land grants, T.
The stock market to-day was very active. The
sales for the forenoon amounted to $685. 900
shares. During the afternoon there was some
what less active market The total sales for the
day foot up 694, 447 shares. AS usual, very
large proportion of the business was con-
fined to few stocks The sales of Erie com
mon alone were 1000 shares. NJ, K.
q T. and Reading, with transactions rang ing
between 1890 and A. 700 shares each, and
Northwestern, Northern Pacific and Lake Shore,
with sales between So 600 and 26 600 shares to-
gether with the business in Erie, make total of
the eleven stocks of 400 900 shares. The market
was strong during most of the day, although the
advances in many cases were only fractional.
Erie opened with an advance of Z, at 25.. and on
very small transactions rose by 2 o'clock to 26s-
gain of Il. The preferred advanced D. to 5la
St Paul made an equal gain, touching SO after
reached this year. The preferred rose q, to
1872. Missouri and Kansas & Texas rose Il!
and Reading Il per cent The other seven mod
arately active stocks gained only fractional
amounts, except Northern Pacific, which rose j.
Texas Pacific rose l, and Pacific Mail
q per cent. After 2 o'clock the
market was comparatively steady for half an
hour, but during the last thirty minutes de-
cided weakness was developed in some of the
most active issues. and prices declined from to
over per cent. The market closed excited,
weak and irregular The advances, however,
exceeded in numbers and amounts the declines.
ST. Paul lost all but one fourth of the total gains
for the day, and Northwestern is down per
cent. There was heavy realizing in these stocks.
It was reported from Chicago that there was
heavy realizing in M, K. & Il. at, and a
little above. 20, but that stocE showed consider
able strength in the final dealings, and closed
with a net gain of I per cent Pacific Mail
and Reading, each, made an advance
of Il. The other advances are fractional. Del
aware & Hudson is down Il, New Jersey Central,
Manhattan Consolidated and Michigan Central
each L. Louisville & Nashville 5, and others
smaller fractions. The report of the operations
Of the Lackawanna leased lines for the quarter
ending Sept. 80 shows net balance over taxes,
rental, ETC., of $467 000 an increase over the
same quarter last year of $l45, 900 The railroad
earnings reported to-day include Oregon Naviga-
ton, Canadian Pacific, Northern Pacific, Roches
ter & Pittsburg, Northwestern and Illinois Cen
trail. and all of them show gains. Northwestern
is most prominent, with an increase over the
first week of November last year of $l04 300
Oregon Navigation gained $62, O00 and the others
smaller amounts.
The market closed with the following prices
bid:
Three per cent bonds 1O31s sos
United States 4 l2s. -l13l2L N. A. & o.. "a
United States new As. 123a Mar. Gin lists pref 80.
Pacific 6s of '95- 1883 Mar. q Gin. seconds.
Central Pacific irsts. 1874 Mem. & Charleston IS
Erie seconds ....... 1898 Michigan Central :. 76l2
Lehigh & Wiksbarre. 1864 MINI. &. st. Louis. 23lo
Louisiana consols. -. 81 MINI. & St. l.. pref 4S12
Mssousi 1924 Missouri Pacific 1O3