The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-11-20
VERY DULL DAY IN WHEAT.
The Market Inactive and Weak Through
out the Whole Session.
Corn Firmly Held-Provisions Active and
Stronger than for Many Weeks Past,
the Packers Buying Freely.
MONEY. BONDS AND STOCKS.
Very Heavy Dealings in Both Bonds and
Stocks.

MONEY, BONDS AND STOCKS.
Very Heavy Dealings in Both Bonds and
Stocks.
NEW YORK, Nov. 19.-Monev on CALL 204
per cent, closing at per cent.
Prime mercantile paper, II 05l per cent.
Foreign exchange steady at $4.824 for sixty
days, and S. S43 for demand.
The total sales of railway stocks to-day were
797, 237 shares, including Canada Southern.
5,445; Delaware, Lackawanna & Western, 45,
$40; Erie, 49, POS; Kansas & Texas, SO, 500 Lake
Shore, TO- 900; Louisville & Nashville 3, $50; Lake
Erie & Western, $3.50; Northwestern, 30,593;
New Jersey Central, $3.50; New York Central,
.13070 Northern Pacific, 14,60O; Ohio Central.
23,670; Pacific Mail, 41,040, st. Paul, 64,SS5;
St Paul & Omaha, $685.; Texas Pacific, q, 7O5;
Union Pacific, 1850; Western Union, %, 633;
Northern Pacific preferred, %, 983; Oregon &
Transcontnental %, 632.
Government bonds were dull and steady.
State bonds were quiet and steady.
Notwithstanding the great activity in the stock
market, trading in railroad bonds was IN excess
of anything known in the Stock Exchange for
several years past. The sales foot up S. 320, 600
Erie second consols show sales of 81, &C., 0OO at
gain of ! per cent. There was great activity IN
east Tennessee incomes, the sales amounting to
over 81, 600 900, during which they rose Il per
cent There was an active business in Atlantic
and Pacific incomes, which gained 1. ONO
Southern incomes very active and rose
IS per cent Many other issues show
decided gains. The bonds which are held prin-
eipally by investors and especially those so held
for long time and then command high price,
receive but little attention
Never before in the history of the Stock Elk
change mas there been such an enormous bust
ness done as at present. The reported sales to-
day were 400 shares. The actual business
was probably in the neighborhood of 1000 0O0
shares. The extremely active stocks today en-
braced larger number than at any time here
tofore, and st. Paul. which has led the list
for some time past. took second place. Four
stocks-M.. K. & r.. Erie, Lake Shore and St
Paul-contributed 301, 600 shares. There was
trading in Lackawanna, Pacific Mail and North
western to the amount of III, 800 shares. Ore
gon Transcontinenta Northern Pacific pre-
ferred, Western Union, Texas & Pacific, Ohio
Central and East Tennessee common made up
1O2 200 shares. Thirteen stocks mentioned thus
contributed $50, 300 shares leaving to be divided
among the other stocks 229, 100 shares, the sales
Of which in no single case reached 20 600 shares
The movement at times was quite feverish and
IRREGULAR, The nnenins prices, following weak
quotations from London, were irregular.
between an advance of i per cent and
exhibited decided irregularity and feverish
tone The market was very active. The sales
for the first half hour were 1901 900 shares. A
more steady tone prevailed by IL o'clock, and
decided advances made in the next hour,
but after midday there was considerable weak
ness developed, OF reports that the B. 81 O. com
pany had finally refused to sign the trunk line
agreement This report was later denied, Com
missioner Fink stating that the B. d .. had
agreed to sign the contract The market again
became strong, and with only moderate reaction.
although feverish at times, confined to advance
to the close. The final figures were
gsne"ally near the highest of the day.
The greatest advance was in Pacific
Mail. 1t opened per cent. higher, at 6G4, its
Lowest figure, and closed at69, its highest gain
from lasfevening of 49, or for the past forty
eight hours, IF So The movement in this stock
was persisteptlv upward all day, with o. y mod
crate reactions NJ, < 81 Il. sudd ally took its
place at the headof- -tsinslist j. ne amount of
business done, and rose from last
snd 334 at the opening this mornin~ to 354
and closed per cent. lower, with net gain of
II, with sales of $500 shares. Erie common
showed decided weakness ut the opening at 26,
and early sold down to 25s. 1t was conspc-
uously feverish thereafter, selling up to 27ss,
back to 26A and closing at 27a. The grangefs
we're irregular st. Paul being heavy most of the
day, but closed strong at SO, an advance of 3.
Northwestern is up Il per cent Lake Shore is
prominent for the advance made opening at 81,
selling at So, and then down to 87a before mid
day, from which it rose in the afternoon to S9s.
,..in of ner cent. New York Central is up 2.
Michigan Central was heavy, and lost IL per
cent Other decided advances were: Texas &
Pacific, Il; Lackawanna, Il; Denver e Rio
Grande and Oregon & Transcontinental Il; Wa
bash preferred, II, and Manitoba, q per cent.
Union Pacific was heavy, and closed with a loss
of /, and it is believed that there has been
active selling of this stock, both by actual
holders and short sellers. Northern Pacific pre-
ferred was active but heavy, nearly all day. at
fractions below Ga 1t rallied. however, in the
last hour, and closed with an advance of per
tent The common stock is also up per cent.
Reading and Jersey Central both exhibited ex-
ceptional weakness. Ohio Central, which has
been traded in in small way for long time,
took a conspicuous part o-day, and, with sales
of %. 760 shares, from Ii to per cent, and
closed at II per cent There was report on the
street that Jay Gould had received bid from a
syndicate for large block of the stocks owned
BY him. the only truth in which IS, that he was
bid price for 30, 600 shares of Missouri Pacific,
which he did not accept
The market closed with the following prices
bid: