The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-11-09
CONDITION OF THE MARKETS,
An Easy Opening in Wheat, Followed by
Sudden and Unexpected Strength.
The Trading Marked by Good Buying, Both
on Local and Eastern Account-Pro-
visions Stronger and Higher.
MONEY, BONDS AND STOCKS.
Welf-Distributed Business in Railway Bonds
Stocks Open Higher and Close Strong.


Welf-Distributed Business in Railway Bonds
Stocks Open Higher and Close Strong.
NEW YORK, Nov. Mooney on call was
.asy at II 024 per cent
Prime mercantile paper, Al 05a per cent
Foreign exchange was quiet and unchanged
The total sales of stocks to-day were 464, 7o7
shares, including the following: Canada South
ern, 5,075; Central Pacific, 1862; Delaware,
Lackawanna & Western. $780, Erie q, 028;
Kansas & Texas 1O,5O5; Lake Shore, 95, l05;
Louisville g. Nashville, 1850; Northwestern,
$3.50; New Jersey Central, 20,5l5; New York
Central, H. $780, Reading 7,720; st. Paul, "a, III;
Union Pacific 30,650; Western Union, %, TAO;
Northern Pacific preferred, II, 963; Oregon and
Transcontnental, 9.S15.
Government bonds dull and steady.
State bonds dull and heavy.
The dealings in railway bonds were again dis
sributed over a large list of securities, but the
transactions, in most cases, were for very small
amounts, and were not as large in the afternoon
as usual. The total sales were 3d. OBJ 000 There
was increased trading in the Erie second consols,
with sales of 81 241, 600 Prices closed irregular,
but generally higher
The Northern Pacific Railroad Company has
asked the Stock Exchange to list 500, 600, 900 of
It's second mortgage per cent. bonds due in
1888: the Columbus. Hooking Valley & Toledo
company applies for the listing of l3, 835 shares
of its stock, in addition to the amount already
listed.
The total sales of bonds during the
week were $l5, 81, 600, against 500, 1924, 600
last week. The London quotations for the
seading American securities indicated a very de-
sided advance in the English market, and the
figures were accompanied by the statement that
American securities were in great demand The
market here responded by opening from to-
higher, Lake Shore leading. This display of
strength, however, was very short-lived, and in
the next twenty minutes there was decline of
20l3 per cent This was followed
market, for considerable time, continued fever
ish, irregular and active. Prices in the afternoon
were comparatively steady, but firm on small
fluctuations, until late in the afternoon, when
some of the most active stocks developed re-
newed strength. which was most conspicuous
IN the final dealings, the market closing
strong at, not much below the highest figures
of the day, and with gains of to per cent, ex-
cept for a few of the most active stocks, which
advanced from to q per cent The most prom
inent feature of the market was the great activ
ity and strength in Lake Shore, the total sales
amounting to 9l,50O shares St. Paul, and
Louisville Nashville, Jointly, CON
tEibuted as much more, and the remain
DER OF the days buslness-273 900 shares-was
pretty widely distributed. Lake Shore opened
at S4s the next sale was at So, and from that it
broke in few minutes to a. but rallied in the
forenoon to S5s. Later it sold up to 86a cid
closed higher, with net gain of q per cent
The advance was unaccompanied by any i'm
portant news having tendency to influence the
value of stock, but the statement comes from
semi official sources that the scheme which has
been discussed in Wall street fer some
time past by which all the Vanderbilt lines
west of Buffalo and terminating at that city
will be operated on plan somewhat similar to
that by which the Pennsylvania Company now
ried out New York Central is Z higher
than it closed yesterday. There was
remarkable strength, accompanied by
unusual activity, In Louisville &
Nashville, showing gain of ! at the opening, at
45s, from which it advanced in the morning to
i64, and after yielding to 45a, sold up again in
she forenoon at 46S In the afternoon it ad-
sanced to 4Sk. and closed lower. with net
gain OF e. Northwestern was remarkably
steady in the forenoon, between ll1a and 111a
1t did not go above 1I2. and closed at that
price. st. Paul showed more feverishness, and
after selling at 90 095s at the opening, yielded
to 93a but rallied in the forenoon to 94a, and in
the last hour sold at 95s, at which it closed-a
gain of per cent Union Pacific sold in the
morning to 573, and after rallying to So closed
with an advance of IT, Michigan Central is up
Ii; Lackawanna and Missouri Southern, /.
tits said some of the bank officers growing
uneasy on account of the class of securities
that are being offered by operators. and
that loans daily rejected on account of the
poor securities rendered
The changes in quotations this evening from
those of week ago generally unimportant,
and the advances and declines are pretty nearly
equally divided among the active stocks The
greatest advance was in St Paul, 81; Union Pa
cifc, 4; Lake Shore, 3; Louisville & Nashville,
II. The declines in no case amounted to as
much as per cent, except in Missouri Pacific,
which is down % The sales for the week were
1867. 600 shares, an increase over last week of
80, 900 shares.
The market closed with the following prices
bid:
Three per cent bonds. os d MISUNDERSTANDING. 4s