The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-11-29
CONDITION OF THE MARKETS.
Wheat Continues to Decline, and the
Trading Swells to Vast Proportions.
Signs Of Strength Crop Out Now and Then,
but They Are Speedily Overcome by
Heavy offerings of Grain.
MONEY. BONDS AND STOCKS.
Small Transactions In Railway Bonds-Th
Stock Market Dull but Strong.

Small Transactions in Railway Bonds-The
Stock Market Dull but Strong.
NEW YORK, Nov. 28.-Money call easy at
293 per cent.
Prime mercantile paper was in demand at 41e05l2
Fer cent.
Foreign exchange was unchanged.
The total sales of stocks to-day 300 PAT shares,
including the following: Delaware, Lackawanna s.
Western 13, 56s; Erie O. 165; Kansas G. Texas, &c.
PAS; Lake Shore, 27,325: Northwestern, 1926;
New Jersey Central 1850; New York Central,
6,915; Northern Pacific, .657; Pacific Mail, 1000;
st. Paul 35 ATS; Texas Pacific, 1910 Union Pa
eiic g. 100; Western Union, 1925; Northern Pa
eiic preferred, g. 49, Oregon & Transcontinental,
1887
Government bonds were dull and strong.
State bonds were fairly active and steady.
There was welldistributed business in railway
bonds but generally in small amounts and the total
sales foot up only So, 791 600 The only issues that
could be called at all active Erie seconds In the
morning there squirt of activity in East Tennes-
see bonds, hves and st. Louis & San Francisco gen.
eral mortgages The result of the days operations is
% advance in most for fractional amounts The
bond market has been inactive ana has sympathized
rkhis week with the stock market The sales have
emounted to SIT 1858 600, against $32 800 600 last
Neek. The market, especially for the investment
4sues, has exhibited continued strength throughout
the week.
Dizziness, accompanied by strong undertone, was
the prevailing feature of todays stock market The
total sales only 300 200 shares. The largest
business was done in st. Paul. Northern Pacific pre-
ferred, Lake Shore, M, K. & T. and o. IT, Prices
were somewhat irregular at the opening, ranging be-
tween an advance of So and decline or equal
amount with exceptional weaknesses in one or two
stocks In the early dealings there further
fractional decline in cases. but the lowest prices
of the day made either at the opening during
the first halfhour during which, also onefourth of the
days business done. This was followed by rally
of q to per cent accompanied by limited trad
ing, the highest prices of the day being reached in
most shortly before midday early in the af
ternoon A small decline, which eliminated by 2
o'clock was succeeded by firm tone. The final
transactions, however, made generally slight
heavy. The exceptions to the general rule in
the Northern Pacics and their associates. Oregon &
Transcontinental and Oregon Navigation, which
reached their highest figures late in the day. The
active stocks showed advances this evening,
compared with yesterday, of l805s while there were
exceptional gains of 101l9 per cent. Northern Pa
eic preferred showed advance of q, and Oregon
Navigation 49, while Northern Pacific common, and
Richmond q West Point up each. The declines
include such stocks as T.. B. & w. lie: Texas & Pa
ciic, and NJ, K. & t., EACH 49, Reading and Manhat-
tan common l Id Louisville & Nashville. and Della
ware e. Hudson each, 1s. 1t stated that the
strength in Northern Pacific preferred due to a
report that the land sales already made
and under negotiation have been sufficient to retire
nearly $3 100000 of the preferred stock. The rally
In the forenoon led by the Vanderbilts and
ceeded report that the New York Central and the
Syracuse parties who have sought to prevent the
pany from leasing the West Shore had made a salts
factory settlement. Nothing definite in regard this
matter however was known before the close of the
Exchange. The lowest prices generally made
on Monday, and the highest Tuesday or Wednes
day, the active stocks being about equally divided be-
tween small advances and eqally small declines
The market closed with the following prices bid